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About Us

The Islamic Banking and Finance Institute Nigeria [IBFIN] is approved for registration by the Federal Ministry of Education of the Federal Republic of Nigeria, and incorporated with the Corporate Affairs Commission, in August 2009, as a limited liability company. IBFIN is dedicated to provide a one-stop solution for Consultancy, Advisory, Training, Research and Development, and other complimentary services in the field of Islamic Banking, Islamic Insurance, Islamic Finance, Islamic investment and Islamic Economics. IBFIN is Nigeria’s first effort at providing professional and formal training, research and consultancy services in these areas. IBFIN aspires to become an international institute of excellence that will be comparable to similar institutes the world over that will make Nigeria proud. IBFIN operates with a network of national and international bankers, researchers, finance professionals and university lectures.

Our Mission

To provide exceptionally outstanding consultation, research and training services in the field of Islamic banking and finance that promote the Islamic Principles of socio-economic relationships, to enable our clients to excel and achieve their objectives; and to build bridges between people of different faiths to prosperity and cooperation through Shari’a based financial and banking services.

Our Vision

IBFIN aspires to become an international institute of excellence for Research, Consultation and Training in Islamic banking, Insurance, finance and economics.

Our Courses

Benefits We offer

PRINCIPLES OF ISLAMIC BANKING

  • What is Islamic Banking?
  • What are the principles of Islamic Banking?
  • How does Islamic Banking work?
  • The characteristics of an Islamic financial system
  • Risk sharing; profit sharing; loss sharing.
  • Time value of money Islamically interpreted.
  • Prohibition of Speculation
  • Sanctity of contract.
  • Shariah approved activities.
  • The key characteristics of the liabilities of Islamic banks

ISLAMIC BANKING PRODUCTS

The Two-Day Course contents are included, plus:

  • Murabaha
  • What is Murabaha?
  • What are the characteristics of Murabaha?
  • Murabaha terminology
  • What are the applications of Murabaha?
  • Practical steps in constructing a Murabaha transaction.
  • Bank guarantees with Murabaha.
  • Murabaha and the shariah.
  • How does Murabaha differs from conventional bank lending?
  • What are the risks for Islamic banks providing Murabaha facilities?
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ISLAMIC CAPITAL MARKETS

The Two-Day Course contents are included, plus:

  • Shariah Boards
  • Shariah Boards and their role in Islamic banking
  • The key questions the Shariah Boards ask
  • What are the problems with the fatwas issued by Shariah Boards?
  • Jurisprudence issues affecting Capital Markets.
  • Characteristics of key Capital Market Instruments acceptable to the Shariah Boards.
  • Islamic Capital Market Instruments
  • The hierarchy of Capital Markets: where do Islamic Products fit? Etc.
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SUKUK: ISLAMIC BONDS

The Three-Day Course contents are included, plus:

  • Sukuk: Islamic Bonds
  • Sukuk basis
  • How do sukuk differ from conventional bonds
  • AAOIFI Sukuk Standards
  • How have Sukuk evolved?
  • Alternative Sukuk Structures
  • Sukuk and the private sector
  • Rating Sukuk
  • Risks associated with Sukuk
  • Case studies.

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