Islamic Finance and Capital Markets: Structure and Trading of Sukuk

Week 1 - Innovations in Islamic Markets

• Introductory overview of Islamic finance and capital markets
• Key Innovative Activities Shaping Financial Markets
• The Islamic Financial System and Financial Engineering
• Derivatives and the Islamic Financial Markets
• Historical Financial Innovation in Islamic Finance
• Scope of Islamic Financial Engineering
• Approaches for Financial Innovation in Islamic Finance
• Challenges to Innovation in Islamic Markets

Week 2 - Securitisation in Islamic Finance

• Sukuk as a Sharī‘ah-Compliant Instrument
• Framework for an Islamic Capital Market
• Securitisation and Sukuk
• More about Sukuk
• Advantages and Pricing of Sukuk
• Parties in a Sukuk Issue

Week 3 - Structure of Sukuk

• Chapter Introduction
• Classes of Securitised Papers
• The SPV
• Types of Permissible Sukuk

Week 4 – Categories of Sukuk

• Muqaradah or Mudarabah Sukuk
• Musharakah Sukuk
• Basics of Ijarah Sukuk
• Aspects of Ownership, Rent and Expenses
• Basics of Salam Sukuk
• Istisna‘a Sukuk
• Murabaha Sukuk
• Mixed Sukuk