Human and Social Studies Religious and Ethical Foundations of Society

Islamic Finance Principles And Transaction Applications Training

SAQA US 117813 | NQF 4 | Credits 6 | Duration 3 Days
From $713 per delegate

Description

This course equips learners with a comprehensive understanding of Islamic finance principles, including Shariah prohibitions (riba, gharar, maysir) and ethical investment frameworks. Participants will gain practical skills to identify, evaluate, and apply Islamic financial instruments such as Murabaha, Ijara, Musharaka, and Sukuk in real-world transactions. The course bridges conventional finance knowledge with Islamic jurisprudence to meet the growing demand for Shariah-compliant financial services in South Africa and globally.

Learning Outcomes

  • Apply the core principles of Islamic finance, including the prohibitions of riba (interest), gharar (excessive uncertainty), and maysir (gambling).
  • Analyse the key differences between conventional and Islamic financial systems in terms of risk-sharing, asset-backing, and ethical screening.
  • Evaluate the contractual structures and Shariah compliance of common Islamic finance products such as Murabaha, Ijara, Musharaka, and Sukuk.
  • Design a basic Islamic financing transaction using appropriate contract types and ensuring adherence to Shariah requirements.
  • Demonstrate the ability to identify non-compliant elements in financial transactions and recommend corrective measures.
  • Implement a framework for Shariah governance and auditing within an organisation offering Islamic financial services.

Target Audience

This course is designed for finance professionals, accountants, auditors, legal advisors, and compliance officers seeking to specialise in Islamic finance. It is also suitable for banking staff, investment analysts, and entrepreneurs looking to structure Shariah-compliant transactions.

Prerequisites

None — open enrollment. However, a basic understanding of conventional financial principles is beneficial.

Course Outline

Day 1: Foundations of Islamic Finance

Objectives:
• Understand the core principles of Islamic finance and their Shariah basis.
• Differentiate between riba, gharar, and maysir and their prohibitions.
• Define key contracts: Murabaha, Mudaraba, Musharaka, Ijara, and Salam.
• Explain the role of money as a medium of exchange and not a commodity.

Topics:
• Introduction to Islamic finance and its ethical framework.
• Prohibition of riba (interest) and its economic implications.
• Gharar (uncertainty) and maysir (gambling) in transactions.
• Asset-backed financing and risk-sharing principles.
• Overview of Shariah-compliant contracts: equity-based, sale-based, and lease-based.
• Time value of money in Islamic vs. conventional finance.
• Regulatory bodies and Shariah governance in South Africa.

Day 2: Islamic Financial Instruments and Transactions

Objectives:
• Analyse the structure and application of Murabaha, Ijara, and Salam contracts.
• Evaluate the operational mechanics of Mudaraba and Musharaka partnerships.
• Apply Islamic finance principles to trade finance and project financing.
• Identify the role of Takaful as an alternative to conventional insurance.

Topics:
• Murabaha: cost-plus financing and deferred payment structures.
• Ijara: operating and financial leases with ownership transfer.
• Salam and Istisna: forward contracts for agricultural and manufacturing sectors.
• Mudaraba: profit-sharing partnerships with capital provider and entrepreneur.
• Musharaka: joint venture and diminishing partnership models.
• Sukuk: asset-backed securities and their issuance process.
• Takaful: cooperative risk-sharing and surplus distribution.
• Case studies on South African Islamic banks and their products.

Day 3: Advanced Applications and Integration

Objectives:
• Design a Shariah-compliant financing structure for a business scenario.
• Compare Islamic and conventional financial products in terms of risk and return.
• Evaluate contemporary issues such as cryptocurrency and ethical investing.
• Develop a framework for integrating Islamic finance principles into conventional systems.

Topics:
• Structuring a Shariah-compliant home finance (Murabaha or Ijara).
• Sukuk rating and secondary market trading.
• Islamic wealth management and Zakat calculation.
• Ethical screening and Shariah-compliant equities.
• Cryptocurrency and blockchain: Shariah perspectives.
• Regulatory challenges and convergence with conventional finance.
• Workshop: Designing an Islamic finance product for a real-world scenario.
• Final assessment and certification criteria.

Practicals

No practicals for this training.

This course is made up of exercises and case studies delivered alongside the theory — no separate practical sessions are required to complete it.

Summatives

Each delegate is assessed continuously throughout the course and a final summative test at the end.

Daily Exercises — 30%

Every training day ends with a multiple-choice exercise scored out of 100%. The scores from each daily exercise are averaged across the duration of the course to produce a Daily Average mark, which contributes 30% to the final total.

Final Test — 70%

On the last day a final summative test is written. It is a multiple-choice paper with multiple-answer questions: each question may have more than one correct option, and a single wrong selection on a question marks the entire question wrong — no partial credit. The final test is scored out of 100% and contributes 70% to the overall mark.

Final Total
Component Out of Weight
Daily Average (multiple choice) 100% 30%
Final Test (multi-answer multiple choice) 100% 70%
Final Total 100%

All marks are recorded on the AATICD LMS and visible to each learner under their account.

Certificate

Certificate of Completion

Awarded to delegates who achieve an overall mark of 50% or higher on the Final Total (Daily Average 30% + Final Test 70%).

How it works
  • Certificates are auto-generated on the AATICD LMS as soon as the marks pass the 50% threshold.
  • Each certificate is a branded PDF with the delegate's name, the course title, the unit standard ID, NQF level, credits, and the date of issue.
  • You can download or print your certificate from your LMS dashboard at any time after issue — there's no reissue fee and no expiry date.
  • If you scored under 50% you can sit the final test again at the next scheduled session at no extra cost.
Where to find it

Sign in to the LMS, open your dashboard, and your certificates appear under My Certificates. Each entry has a View / Download button and a print option.

Training Discounts

Group discounts apply automatically — the more delegates you enrol, the greater the saving. Discounts are calculated at 3% per 5 delegates, scaling up to 40% off for 100+ delegates.

Delegates Discount
5 3% off
10 6% off
15 9% off
20 12% off
25 15% off
30 18% off
50 30% off
75 35% off
100 40% off

3% discount per 5 delegates, up to 40% off for 100+ delegates. Contact us for a custom group quote.

Upcoming Training Sessions
Online training — attend live sessions from anywhere via our virtual classroom.
Start End Delivery Season Price Action
Mon 07 Sep 2026 Wed 09 Sep 2026 Virtual Spring 2026 $713 Register
Wed 30 Sep 2026 Fri 02 Oct 2026 Virtual Spring 2026 $713 Register
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Wed 29 Dec 2027 Fri 31 Dec 2027 Virtual Summer 2027 $713 Register
Tue 18 Jan 2028 Thu 20 Jan 2028 Virtual Summer 2027 $713 Register
On-Campus training — face-to-face sessions at our training venues across Africa and beyond.
Showing all 480 sessions across 26 venues
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Mon 24 Aug 2026 Wed 26 Aug 2026 Victoria Falls, Zimbabwe Winter 2026 $2,014 Register
Mon 24 Aug 2026 Wed 26 Aug 2026 Shenzhen, China Winter 2026 $6,334 Register
Tue 25 Aug 2026 Thu 27 Aug 2026 Harare, Zimbabwe Winter 2026 $2,014 Register
Tue 25 Aug 2026 Thu 27 Aug 2026 Abu Dhabi, UAE Winter 2026 $4,174 Register
Wed 26 Aug 2026 Fri 28 Aug 2026 Bangkok, Thailand Winter 2026 $5,254 Register
In-House training — we bring the trainer to your organisation, tailored to your team.
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Tue 15 Sep 2026 Thu 17 Sep 2026 Your Premises Spring 2026 $929 Register
Mon 05 Oct 2026 Wed 07 Oct 2026 Your Premises Spring 2026 $929 Register
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Mon 18 Jan 2027 Wed 20 Jan 2027 Your Premises Summer 2026 $929 Register
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Tue 09 Mar 2027 Thu 11 Mar 2027 Your Premises Autumn 2027 $929 Register
Mon 15 Mar 2027 Wed 17 Mar 2027 Your Premises Autumn 2027 $929 Register
Wed 24 Mar 2027 Fri 26 Mar 2027 Your Premises Autumn 2027 $929 Register
Tue 15 Jun 2027 Thu 17 Jun 2027 Your Premises Winter 2027 $929 Register
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Wed 28 Jul 2027 Fri 30 Jul 2027 Your Premises Winter 2027 $929 Register
Tue 14 Sep 2027 Thu 16 Sep 2027 Your Premises Spring 2027 $929 Register
Mon 04 Oct 2027 Wed 06 Oct 2027 Your Premises Spring 2027 $929 Register
Wed 27 Oct 2027 Fri 29 Oct 2027 Your Premises Spring 2027 $929 Register
Tue 14 Dec 2027 Thu 16 Dec 2027 Your Premises Summer 2027 $929 Register
Mon 03 Jan 2028 Wed 05 Jan 2028 Your Premises Summer 2027 $929 Register
Wed 26 Jan 2028 Fri 28 Jan 2028 Your Premises Summer 2027 $929 Register
Training Discounts
Delegates Discount
5 3% off
10 6% off
15 9% off
20 12% off
25 15% off
30 18% off
50 30% off
75 35% off
100 40% off

3% off per 5 delegates, up to 40% for 100+

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