In finance the difference between a healthy position on Islamic banking product design and a dangerous one is often a single assumption. Capital, liquidity and reputation are all exposed by weak handling of product design. Work is grounded in real cases drawn from this area of financial and banking practice, which each participant adapts to conditions in their own organisation. The course gives participants a defensible structure for Islamic banking product design and the judgement to adapt it. Participants who influence this aspect of financial and banking practice without directly controlling it will find the content directly usable. Participants develop a defensible line of reasoning for the choices they make about product design. Improvement in Islamic banking product design stalls when it depends on one capable individual rather than a defined method. Where product design is measured, it improves; where it is only discussed, it drifts. The course ends by identifying what the participant will stop doing to make this part of financial and banking practice sustainable.
Expected Learning Outcomes
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Establish the segregation of duties required around Islamic banking product design.
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Document decisions about product design in a form that remains useful after the people change.
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Apply the relevant accounting and disclosure treatment to Islamic banking product design.
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Sequence improvements to product design so that each step makes the next one easier.
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Translate policy on Islamic banking product design into procedures that hold up under day-to-day pressure.
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Build the control framework around product design that an examiner would accept.
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Design the reporting on Islamic banking product design that reaches decision makers in time to act.
Who Should Attend
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Finance managers reporting on Islamic banking product design.
