Five-day professional programmes in 14 citiesClassroom, online and in-house info@aractech.com +31 85 7444446

Course AF-060

Islamic Finance: Products, Structures and Accounting

Islamic finance has grown into a significant part of the global financial system, serving banks, corporates, governments... The outline covers Principles of Islamic Finance, Sale and Lease-Based Contracts, Partnership Co...

  • 5 daysClassroom or online
  • 49Upcoming dates
  • 12Cities
  • €1,825Fees from

Choose your format and date

  • 5 days
  • 09:00–14:00
  • Certificate of attendance

Classroom sessions

  1. 7–11 Dec 2026

    Frankfurt

    Next date
    €2,175 + VAT
    Register
  2. 14–18 Dec 2026

    London

    €2,915 + VAT
    Register
  3. 21–25 Dec 2026

    Barcelona

    €2,275 + VAT
    Register
  4. 4–8 Jan 2027

    Frankfurt

    €2,175 + VAT
    Register
  5. 11–15 Jan 2027

    Geneva

    €3,315 + VAT
    Register
  6. 18–22 Jan 2027

    London

    €2,915 + VAT
    Register
  7. 25–29 Jan 2027

    Barcelona

    €2,275 + VAT
    Register
  8. 1–5 Feb 2027

    Barcelona

    €2,275 + VAT
    Register
  9. 8–12 Feb 2027

    Frankfurt

    €2,175 + VAT
    Register
  10. 15–19 Feb 2027

    Istanbul

    €2,825 + VAT
    Register
  11. 22–26 Feb 2027

    London

    €2,915 + VAT
    Register
  12. 1–5 Mar 2027

    London

    €2,915 + VAT
    Register
  13. 8–12 Mar 2027

    Barcelona

    €2,275 + VAT
    Register
  14. 15–19 Mar 2027

    Frankfurt

    €2,175 + VAT
    Register
  15. 22–26 Mar 2027

    Kuala Lumpur

    €2,425 + VAT
    Register
  16. 5–9 Apr 2027

    Madrid

    €3,400 + VAT
    Register
  17. 12–16 Apr 2027

    London

    €2,915 + VAT
    Register
  18. 19–23 Apr 2027

    Barcelona

    €2,275 + VAT
    Register
  19. 26–30 Apr 2027

    Frankfurt

    €2,175 + VAT
    Register
  20. 3–7 May 2027

    Frankfurt

    €2,175 + VAT
    Register
  21. 10–14 May 2027

    Munich

    €2,425 + VAT
    Register
  22. 17–21 May 2027

    London

    €2,915 + VAT
    Register
  23. 24–28 May 2027

    Barcelona

    €2,275 + VAT
    Register
  24. 7–11 Jun 2027

    Frankfurt

    €2,175 + VAT
    Register
  25. 14–18 Jun 2027

    London

    €2,915 + VAT
    Register
  26. 21–25 Jun 2027

    Barcelona

    €2,275 + VAT
    Register
  27. 5–9 Jul 2027

    London

    €2,915 + VAT
    Register
  28. 12–16 Jul 2027

    Barcelona

    €2,275 + VAT
    Register
  29. 19–23 Jul 2027

    Frankfurt

    €2,175 + VAT
    Register
  30. 26–30 Jul 2027

    Rome

    €2,830 + VAT
    Register
  31. 2–6 Aug 2027

    Vienna

    €3,425 + VAT
    Register
  32. 9–13 Aug 2027

    London

    €2,915 + VAT
    Register
  33. 16–20 Aug 2027

    Barcelona

    €2,275 + VAT
    Register
  34. 23–27 Aug 2027

    Frankfurt

    €2,175 + VAT
    Register
  35. 6–10 Sep 2027

    Frankfurt

    €2,175 + VAT
    Register
  36. 13–17 Sep 2027

    London

    €2,915 + VAT
    Register
  37. 20–24 Sep 2027

    Barcelona

    €2,275 + VAT
    Register
  38. 4–8 Oct 2027

    Barcelona

    €2,275 + VAT
    Register
  39. 11–15 Oct 2027

    Frankfurt

    €2,175 + VAT
    Register
  40. 18–22 Oct 2027

    Cape Town

    Lowest fee
    €1,825 + VAT
    Register
  41. 25–29 Oct 2027

    London

    €2,915 + VAT
    Register
  42. 1–5 Nov 2027

    London

    €2,915 + VAT
    Register
  43. 8–12 Nov 2027

    Barcelona

    €2,275 + VAT
    Register
  44. 15–19 Nov 2027

    Frankfurt

    €2,175 + VAT
    Register
  45. 22–26 Nov 2027

    Dubai

    €2,845 + VAT
    Register
  46. 6–10 Dec 2027

    Geneva

    €3,315 + VAT
    Register
  47. 13–17 Dec 2027

    London

    €2,915 + VAT
    Register
  48. 20–24 Dec 2027

    Barcelona

    €2,275 + VAT
    Register
  49. 27–31 Dec 2027

    Frankfurt

    €2,175 + VAT
    Register

Online / Live sessions

  1. 7–11 Dec 2026

    Live virtual classroom

    Next date
    €1,625 + VAT
    Register
  2. 14–18 Dec 2026

    Live virtual classroom

    €1,625 + VAT
    Register
  3. 21–25 Dec 2026

    Live virtual classroom

    €1,625 + VAT
    Register
  4. 4–8 Jan 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  5. 11–15 Jan 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  6. 18–22 Jan 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  7. 25–29 Jan 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  8. 1–5 Feb 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  9. 8–12 Feb 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  10. 15–19 Feb 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  11. 22–26 Feb 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  12. 1–5 Mar 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  13. 8–12 Mar 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  14. 15–19 Mar 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  15. 22–26 Mar 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  16. 5–9 Apr 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  17. 12–16 Apr 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  18. 19–23 Apr 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  19. 26–30 Apr 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  20. 3–7 May 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  21. 10–14 May 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  22. 17–21 May 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  23. 24–28 May 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  24. 7–11 Jun 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  25. 14–18 Jun 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  26. 21–25 Jun 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  27. 5–9 Jul 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  28. 12–16 Jul 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  29. 19–23 Jul 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  30. 26–30 Jul 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  31. 2–6 Aug 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  32. 9–13 Aug 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  33. 16–20 Aug 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  34. 23–27 Aug 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  35. 6–10 Sep 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  36. 13–17 Sep 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  37. 20–24 Sep 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  38. 4–8 Oct 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  39. 11–15 Oct 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  40. 18–22 Oct 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  41. 25–29 Oct 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  42. 1–5 Nov 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  43. 8–12 Nov 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  44. 15–19 Nov 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  45. 22–26 Nov 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  46. 6–10 Dec 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  47. 13–17 Dec 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  48. 20–24 Dec 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  49. 27–31 Dec 2027

    Live virtual classroom

    €1,625 + VAT
    Register

Introduction

Course overview

Islamic finance has grown into a significant part of the global financial system, serving banks, corporates, governments and investors who require financial solutions consistent with Shariah principles. Understanding how these products work, and how they differ from conventional finance, is increasingly important for finance professionals in many markets.

This Islamic Finance training course explains the core principles of Islamic commercial law and the main contract types used in Islamic banking, investment and capital markets. Participants examine murabaha, ijara, musharaka, mudaraba, salam, istisna and sukuk structures, with practical examples of how each is used to finance trade, assets, projects and working capital.

The course also covers governance, risk management and accounting considerations, including the role of Shariah supervisory boards and the main reporting standards applied to Islamic financial transactions.

View full course outline

What you will achieve

Learning objectives

  • Explain the key principles of Islamic finance, including prohibitions on riba, gharar and maysir
  • Describe the main Islamic contracts and how they are applied to financing and investment
  • Compare Islamic and conventional financing structures for similar business needs
  • Analyse sukuk structures and their role in capital markets
  • Understand Islamic investment funds, takaful and treasury products
  • Identify the governance responsibilities of Shariah boards and compliance functions
  • Recognise the specific risks of Islamic financial products and how they are managed
  • Apply key accounting and reporting considerations to Islamic finance transactions

Who should attend

Target audience

  • Bankers and finance professionals in Islamic and conventional institutions
  • Corporate finance and treasury managers
  • Accountants and auditors dealing with Islamic transactions
  • Investment and fund management professionals
  • Risk and compliance officers
  • Regulators and public sector finance officials
  • Professionals seeking to enter the Islamic finance industry

Methodology

Learning approach

  • The course combines clear conceptual explanations with structure diagrams, worked numerical examples and case studies of real financing transactions. Participants analyse term sheets, compare structures, discuss Shariah and commercial considerations in groups and prepare short recommendations for financing scenarios.

Complete course outline

Five focused days of learning and application

The timings provided are estimates and may vary depending on the number of participants and the discussions taking place during the sessions. They are indicative only and do not constitute a binding commitment.

Day 1

Principles of Islamic Finance

  1. Foundations of Islamic Commercial Law: Sources and core objectives
  2. Key Prohibitions: Riba, gharar, maysir and prohibited activities
  3. Risk Sharing and Asset Backing: Distinguishing features of Islamic finance
  4. The Islamic Finance Industry: Banking, capital markets, takaful and funds
  5. Coffee break
  6. The Islamic Finance Industry: Banking, capital markets, takaful and funds (continued)
  7. Comparison with Conventional Finance: Similarities and real differences
  8. Shariah Governance: Shariah boards, fatwas and standards bodies
  9. Group Discussion: Evaluating whether sample transactions meet core principles

Day 2

Sale and Lease-Based Contracts

  1. Murabaha: Cost-plus sale financing and commodity murabaha
  2. Ijara: Operating and finance lease structures
  3. Ijara Muntahia Bittamleek: Lease ending in ownership
  4. Salam: Forward sale for agricultural and commodity finance
  5. Coffee break
  6. Salam: Forward sale for agricultural and commodity finance (continued)
  7. Istisna: Manufacturing and construction finance
  8. Pricing and Documentation: Profit rates, ownership transfer and key clauses
  9. Practical Exercise: Structuring equipment and trade finance solutions

Day 3

Partnership Contracts and Investment

  1. Musharaka: Joint venture partnership financing
  2. Diminishing Musharaka: Home and asset finance applications
  3. Mudaraba: Investment management and profit-sharing accounts
  4. Wakala: Agency-based investment arrangements
  5. Coffee break
  6. Wakala: Agency-based investment arrangements (continued)
  7. Islamic Funds: Equity screening, real estate and income funds
  8. Takaful: Principles and models of Islamic insurance
  9. Case Study: Comparing partnership and sale-based financing for a project

Day 4

Sukuk and Islamic Capital Markets

  1. Sukuk Fundamentals: Differences between sukuk and conventional bonds
  2. Sukuk Structures: Ijara, murabaha, wakala, musharaka and hybrid sukuk
  3. Issuance Process: Parties, documentation, rating and listing
  4. Sovereign and Corporate Sukuk: Uses and market trends
  5. Coffee break
  6. Sovereign and Corporate Sukuk: Uses and market trends (continued)
  7. Green and Sustainable Sukuk: Linking Islamic finance and sustainability
  8. Islamic Treasury and Liquidity Management Instruments
  9. Workshop: Analysing a sukuk term sheet

Day 5

Risk, Accounting and Compliance

  1. Risk Profile of Islamic Banks: Credit, market, liquidity and Shariah non-compliance risk
  2. Displaced Commercial Risk and Profit Equalisation: Managing depositor expectations
  3. Accounting for Islamic Transactions: Recognition and measurement considerations
  4. Reporting Standards Landscape: Islamic-specific standards and IFRS interaction
  5. Coffee break
  6. Reporting Standards Landscape: Islamic-specific standards and IFRS interaction (continued)
  7. Shariah Audit and Compliance Reviews: Processes and documentation
  8. Developments and Future Trends: Digital Islamic finance and regulation
  9. Final Exercise: Recommending an Islamic financing structure for a corporate client

Ready to book?

Islamic Finance: Products, Structures and Accounting

Next session: 7 - 11 December 2026, Frankfurt

Course FAQs

Questions about this course

What participants and training managers usually ask before booking Islamic Finance: Products, Structures and Accounting. Can't find your answer?

WhatsApp
What does Islamic Finance: Products, Structures and Accounting (AF-060) cover?

This course covers Accounting and Finance through a structured five-day outline focused on practical application, discussion, and implementation planning.

When is the next available session?

The next scheduled session starts on 14 - 18 December 2026. See the course schedules section for the available dates and delivery formats.

Who should attend this course?

Bankers and finance professionals in Islamic and conventional institutions, Corporate finance and treasury managers, Accountants and auditors dealing with Islamic transactions

Is bilingual course delivery available?

Yes. All course materials and presentations are provided in English, while bilingual explanation and discussion support may be available depending on the selected location and trainer availability. For example, when attending a course in Istanbul, you may request a Turkish-speaking trainer to explain the English course content in Turkish. Arabic explanation support may also be requested at this location. Other languages are available in selected cities. You can choose your preferred language support as an optional preference during registration.

How can I register for a session?

Use any Register button next to the available course dates to open the participant registration page and submit your booking request for the selected session.

Is this course available online as well as classroom-based?

Check the course schedules section for currently published classroom and Online / Live sessions.

Where are classroom sessions delivered?

Current classroom venues include London, Barcelona, Frankfurt, Geneva, Istanbul, Kuala lumpur, Madrid, Munich, Rome, Vienna, Cape Town, Dubai.

How long is the training programme?

The programme runs for five days from 09:00 to 14:00, which gives 25 contact hours, including a daily 30-minute break (22.5 hours of instruction).