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Advanced Sukuk Structures: Issuances from Around the World

Gain expertise in diverse Sukuk transactions and Islamic financial strategies with this online, four-week course from INCEIF University.

Duration

5 weeks

Weekly study

4 hours

100% online

How it works

Unlimited subscription

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Excel in the Islamic financial industry by expanding your knowledge of Sukuk

The world of finance is vast and diverse, encompassing various sectors and specialties. Among these is Sukuk, an area dedicated to structuring, issuing, trading, and investing in Islamic financial tools.

Deepen your comprehension of Sukuk and acquire practical skills to facilitate informed financial decisions with this four-week online course, the third instalment in INCEIF’s series of Sukuk masterclasses.

Learn new investment strategies by delving into the specifics of Sukuk transactions and structures

In the first part of this course, you’ll break down the Sukuk frameworks by learning and creating various types of Sukuk transactions, including sale and lease-back and lease and lease-back.

Gain insights into their practical applications with real-world scenarios, and feel confident that your transactions comply with Shariah principles.

Understand other types of Islamic bonds and financial instruments, from partnership-based to agency-based Sukuk

By week three, you’ll know what partnership-based and agency-based Sukuk are and how to apply risk assessment and mitigation strategies to these structures to ensure effective management of Sukuk transactions amidst evolving market dynamics.

Upon finishing this course, you’ll be well-equipped to make informed investment decisions and contribute to the advancement of Islamic finance principles.

Gain real-world investment and business management insights from a global leader of Islamic finance education

INCEIF University stands as a leader in Islamic finance education. Their team of experts will be there to guide you throughout this course, ensuring you gain the knowledge and skills needed to navigate complex financial transactions and advance your career.

Week 1
Introduction to Advanced Sukuk Structures
- Welcome to the Course
  Welcome, global Sukuk explorers! Embark on a journey across borders, dive deep into diverse issuances, and master the art of Sukuk in this comprehensive course. Let's navigate the world of Islamic finance together!
- Sale and Lease Back Sukuk Structure
  Discover the ubiquitous "sale and lease back" structure, exploring Ijarah types like Muntahia Bittamlik (ownership transfer lease), Thumma al Bai (lease then sale), wa Iktina (donation) & Mawsufa Fi-Dhimmah (forward lease).
- Test Your Knowledge
  This short quiz will test your understanding of the sale and lease back sukuk structure.
Week 2
Lease and Lease Back Ijarah
- Lease and Lease Back Structure
  Discover the scenario of the lease and lease back sukuk structure of the UK Government.
- Recap of Week 1 and Week 2
  Delve into the highlights and key takeaways from Week 1 and Week 2.
- What's Next?
  Up Next: Murabaha, Sukuk Partnerships & Agency Structures! Explore advanced topics like embedded options for complex hybrid sukuk solutions.
- Test Your Knowledge
  This short quiz will test your understanding of Lease and Lease Back Ijarah Sukuk.
Week 3
Partnership-based Sukuk
- Partnership-based Sukuk
  Dive into the essence of Mudarabah Sukuk, a partnership-based Islamic finance instrument. Explore its principles, including profit and loss sharing, elucidating core concepts in Shariah finance within a concise narrative.
- Summary
  The summary highlights the commitment to shariah compliance by the entire Islamic finance market.
- Test Your Knowledge
  This short quiz will test your understanding of the Partnership-based Sukuk.
Week 4
Hybrid Sukuk and Wakalah bil Istithmar
- Hybrid Sukuk
  Hybrid Sukuk, a flexible Islamic finance tool, combines Sukuk types (Mudarabah-Ijarah Sukuk) to raise funds. It allows profit-sharing, asset ownership, and tradability under Shariah rules.
- Wakalah bil Istithmar
  Departing from the conventional equity and debt-based sukuk, Wakalah bil Istithmar represents a portfolio-style investment agency sukuk, gaining popularity for its innovative approach to Islamic finance.
- Test Your Knowledge
  This short quiz will test your understanding of the Hybird Sukuk and Wakalah bil Istithmar.
Week 5
Convertible Sukuk
- Convertible Sukuk Structure
  Convertible Sukuk uses various underlying structures like musharakah or Istithmar. Notable examples include PCFC Development Sukuk, Khazanah Nasioanl Sukuk and Rafflesia Capital Limited Sukuk.
- Summary and What's Next?
  The advanced structuring session covered various underlying contracts. Future topics include legal documentation, social impact sukuk, sukuk defaults and ratings, and the rating process.
- Complete the Course
  Congratulations, you have completed the 5-week lessons. Next, to obtain the certificate of completion, you are required to take the course assessment. Details of the course assessment are provided on the next page.