Corporate governance in Islamic Banking and Finance

This DIXONTECH program delivers a comprehensive understanding of corporate governance principles within the context of Islamic banking and finance (IBF). It highlights the integration of Shari’ah principles into governance frameworks, risk management, and ethical financial operations. Participants will explore the unique features of Islamic financial institutions, including Shari’ah supervisory boards, accountability mechanisms, transparency requirements, and compliance with AAOIFI, IFSB, and other global standards governing Islamic finance.

TRAINING TOPICS

• Foundations of Corporate Governance in Islamic Finance
• Principles of Shari’ah Compliance and Ethical Conduct
• Governance Frameworks in Islamic Financial Institutions
• Role of the Shari’ah Supervisory Board (SSB)
• Risk Management and Internal Control Systems in IBF
• Accountability and Transparency in Islamic Banking
• AAOIFI, IFSB, and IFRS Standards for Islamic Institutions
• Stakeholder Rights and Governance Ethics
• Corporate Governance in Islamic Investment and Sukuk Structures
• Case Studies of Governance in Leading Islamic Banks

BY THE END OF THIS TRAINING COURSE, DELEGATES WILL BE ABLE TO:

Apply governance frameworks that ensure transparency, accountability, and compliance with Islamic financial and ethical principles.

• Understand corporate governance foundations in IBF
• Implement Shari’ah governance systems effectively
• Strengthen board and management oversight functions
• Align governance with AAOIFI and IFSB standards
• Enhance risk management and internal control practices
• Promote ethical and socially responsible finance
• Evaluate governance performance in Islamic institutions

TRAINING IS TAILORED TO

Professionals involved in Islamic banking, finance, auditing, and governance who aim to enhance institutional integrity and compliance.

• Shari’ah Board Members and Scholars
• Islamic Bank Executives and Managers
• Compliance and Risk Officers
• Corporate Governance Professionals
• Financial Auditors and Regulators
• Legal and Advisory Consultants
• Islamic Finance Researchers and Academics

TRAINING METHODOLOGY

DIXONTECH employs a case-driven and standards-based approach, integrating real-world examples from Islamic banks and financial institutions. Through interactive workshops, governance diagnostics, and simulation exercises, participants develop practical skills to strengthen ethical decision-making and institutional governance in line with Islamic finance principles.

DAY 1

INTRODUCTION TO ISLAMIC BANKING AND GOVERNANCE FRAMEWORKS

• Overview of Islamic finance principles and objectives (Maqasid al-Shari’ah)
• Distinction between Islamic and conventional banking governance
• Legal, ethical, and institutional foundations of IBF
• Corporate governance and stakeholder accountability in Islam
• Evolution of governance practices in Islamic institutions
• Key regulatory and supervisory authorities in IBF
• AAOIFI and IFSB governance standards overview
• Case study: governance transformation in an Islamic bank

DAY 2

SHARI’AH GOVERNANCE AND SUPERVISORY STRUCTURES

• Role and responsibilities of the Shari’ah Supervisory Board (SSB)
• Shari’ah compliance review, audit, and certification
• Internal Shari’ah compliance functions (ISCU/IAU)
• Conflict resolution and governance transparency
• Shari’ah risk management and control frameworks
• Governance implications of fatwa issuance and Shari’ah opinions
• Coordination between board, management, and SSB
• Workshop: building an effective Shari’ah governance structure

DAY 3

CORPORATE GOVERNANCE FRAMEWORKS IN ISLAMIC FINANCIAL INSTITUTIONS

• Corporate governance models and board structures in IBF
• Roles and duties of directors and senior executives
• Ethical leadership and accountability mechanisms
• Governance policies in Islamic investment institutions
• Ensuring fiduciary responsibility and stakeholder protection
• Transparency, disclosure, and reporting in Islamic banks
• Islamic governance and corporate social responsibility (CSR)
• Case study: governance best practices in GCC Islamic banks

DAY 4

RISK MANAGEMENT, INTERNAL CONTROL, AND REGULATORY COMPLIANCE

• Risk management principles in Islamic finance
• Integration of Shari’ah compliance into risk frameworks
• Credit, liquidity, market, and operational risks in IBF
• Internal control and audit mechanisms in Islamic institutions
• Governance and compliance monitoring procedures
• Basel III and IFSB standards integration
• AML/CFT compliance within Islamic banks
• Workshop: risk and governance self-assessment exercise

DAY 5

CONTEMPORARY GOVERNANCE ISSUES AND GLOBAL BEST PRACTICES

• Challenges in implementing governance in Islamic finance

• Course Schedule

  Discounts and Registration

  Group & Corporate Discounts:
  Available for companies enrolling multiple participants to help maximize ROI.
  Individual Discounts:
  Offered to self-sponsored participants who pay in full and upfront.
  Registration Process:
  Corporate nominations must go through the client’s HR or Training department.
  Self-nominations must be prepaid via the “payment by self” option.
  Confirmation:
  All registrations are subject to DIXONTECH’s approval and seat availability.
  Refunds:
  Provided in case of course cancellation or no seat availability.
  Tax Responsibility:
  Clients are responsible for any local taxes in their country.