Models supporting Islamic finance risk fail quietly, and usually at the worst moment. Regulators no longer accept intent as evidence of control over this part of financial and banking practice. A common pattern is strong design of this area of financial and banking practice paired with weak follow-through. The course covers Islamic finance risk at the level of detail needed to act, and stops there. They leave able to brief senior management on the financial and banking practice discipline in terms that support a decision. Participants who influence this aspect of financial and banking practice without directly controlling it will find the content directly usable. The professional literature on Islamic finance risk converges on a small set of controls that reliably work. Work is grounded in real cases drawn from the wider financial and banking practice agenda, which each participant adapts to conditions in their own organisation. Participants finish with a short, specific brief on the financial and banking practice discipline ready to put in front of a decision maker.
Expected Learning Outcomes
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Assess the capital and liquidity implications of Islamic finance risk.
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Estimate what Islamic finance risk costs to run properly, and what is lost when it is not.
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Validate the assumptions inside any model supporting Islamic finance risk.
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Build the client due diligence and monitoring appropriate to Islamic finance risk.
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Structure records of Islamic finance risk so that they answer the questions an auditor will actually ask.
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Communicate the purpose of Islamic finance risk to those who have to comply with it.
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Document the approval chain for exceptions to policy on Islamic finance risk.
Who Should Attend
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Those responsible for briefing external stakeholders on Islamic finance risk.
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Financial technology and change staff modernising Islamic finance risk.
