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Advanced Sukuk Structures: Issuances from Around the World

Gain expertise in Sukuk transactions and Islamic financial strategies with this five-week course from INCEIF University.

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Advanced Sukuk Structures: Issuances from Around the World

  • 5 weeks

  • 4 hours per week

  • Digital certificate when eligible

  • Advanced level

Find out more about how to join this course

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.

Syllabus

  • 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.

When would you like to start?

Start straight away and join a global classroom of learners. If the course hasn’t started yet you’ll see the future date listed below.

  • Available now

Learning on this course

On every step of the course you can meet other learners, share your ideas and join in with active discussions in the comments.

What will you achieve?

By the end of the course, you‘ll be able to...

  • Apply their knowledge of Sale and Lease-back Sukuk, Lease and Lease-back Sukuk, Partnership-based Sukuk, Hybrid Sukuk, Agency-based Sukuk, and Convertible Sukuk by proficiently structuring and designing Sukuk transactions while ensuring Shariah complia
  • Demonstrate the ability to apply risk assessment and mitigation strategies to effectively manage various risks associated with different Sukuk structures, enabling them to make informed investment and financing decisions.
  • Perform comparative analyses between Sukuk structures, identifying the strengths and weaknesses of each, and making informed recommendations based on practical insights.
  • Evaluate real-world Sukuk structures, ensuring their ability to excel in the dynamic field of Islamic finance and investment management.

Who is the course for?

This course is designed for business professionals, government officials, and academics interested in learning more about Sukuk practices and principles. It may be helpful to review INCEIF’s Sukuk masterclasses prior to taking this course.

Who will you learn with?

I am an Associate Professor of Islamic Finance at INCEIF University, specialising in Islamic Law and its Principles (Usul ul Fiqh and Contract Law), Social Finance, Fintech and Islamic Capital Market.

Who developed the course?

INCEIF

INCEIF is considered to be the knowledge leader in Islamic finance through providing excellent teaching, research and thought leadership.

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Ways to learn

Choose the best way to learn for you!

Subscribe & save

$349.99 for one year

Automatically renews

Develop skills to further your career

  • Access to this course
  • Access to 1,000+ courses
  • Learn at your own pace
  • Discuss your learning in comments
  • Tests to boost your learning
  • Digital certificate when you're eligible

Cancel for free anytime

Buy this course

$134/one-off payment

Fulfill your current learning need

  • Access to this course
  • Learn at your own pace
  • Discuss your learning in comments
  • Tests to boost your learning
  • Printed and digital certificate when you’re eligible

Limited access

Free

Sample the course materials

  • Access expires 27 May 2024

Find out more about certificates, Unlimited or buying a course (Upgrades)

Learning on FutureLearn

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  • Courses are split into weeks, activities, and steps to help you keep track of your learning
  • Learn through a mix of bite-sized videos, long- and short-form articles, audio, and practical activities
  • Stay motivated by using the Progress page to keep track of your step completion and assessment scores

Join a global classroom

  • Experience the power of social learning, and get inspired by an international network of learners
  • Share ideas with your peers and course educators on every step of the course
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Map your progress

  • As you work through the course, use notifications and the Progress page to guide your learning
  • Whenever you’re ready, mark each step as complete, you’re in control
  • Complete 90% of course steps and all of the assessments to earn your certificate

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