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Sukuk in Practice: Structures and Contracts

Learn how to structure, value, and market Sukuk to build skills for your career in Islamic finance and investment management.

A person in a suit sitting at a desk and holding a stamp on one page of a financial contract.

Sukuk in Practice: Structures and Contracts

  • 5 weeks

  • 4 hours per week

  • Digital certificate when eligible

  • Intermediate level

Find out more about how to join this course

Expand your practical skills in Islamic finance

The second in a series of Sukuk masterclasses from INCEIF University, this five-week course is designed to equip you with practical skills and expertise for your career.

You’ll take your first steps in the complex world of Islamic liquidity management, learning how to structure, value, and market Sukuk.

With this knowledge, you’ll be able to make more informed investment decisions and advance your career in Islamic finance.

Unpack Sukuk types, structures, and compliance

After an overview of the evolution of Sukuk over the years, you’ll begin unpacking its different types and structures. You’ll also delve into Sukuk-related risk management, compliance, and market analysis.

With this knowledge, you’ll be able to use Sukuk to contribute to your organisation’s success by optimising cash flow and management practices.

Learn how to design Sukuk contracts

Next, you’ll gain practical skills in designing and structuring Sukuk contracts. You’ll examine key contract components, discuss asset-based structures, and learn how to put together a Sukuk term sheet.

Aided by expert guidance and real-world examples, you’ll finish the course with the confidence you need to thrive in the Islamic finance industry.

To further your knowledge, take masterclass #1 in our Sukuk series: Sukuk Simplified: Mastering the Fundamentals.

Syllabus

  • Week 1

    Introduction to Sukuk: Beyond Basics

    • Welcome to the Course

      Explore 'Sukuk: Beyond Basics' for deeper insights into advanced Sukuk and risk management—a perfect next step after mastering the fundamentals.

  • Week 2

    Understanding Sukuk: Types and Structures

    • Categories of Sukuk

      Discover various Sukuk categories including Musharakah, Ijarah, etc. Each category represents distinct investment types and risk-sharing mechanisms in Islamic finance.

    • Sukuk Structures

      When structuring a Sukuk, some important considerations are required.

  • Week 3

    Sukuk Contracts

    • Designing Sukuk Contracts

      Sukuk design depends on various factors, the most important of which is the Shariah-compliant underlying contract.

    • Key Components in Sukuk Structure

      Key Components in Sukuk Structure are like building blocks—assets, returns, tenor, and repayment terms. Understanding these elements helps in crafting strong Sukuk agreements for Islamic finance.

  • Week 4

    Generic Asset-based Sukuk Structure

    • Mudarabah Asset-backed Sukuk Structure

      Mudarabah Asset-backed Sukuk is an innovative Islamic financial instrument combining Mudarabah principles with asset-backed securities, providing investors with a unique and shariah-compliant investment opportunity.

  • Week 5

    Sukuk Term Sheets

    • Understanding Sukuk Term Sheets

      Discover Sukuk Term Sheets explained in the video, helping you understand and use Islamic investment agreements in your finances. Understanding a Sukuk term sheet allows us to understand how the Sukuk functions.

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...

  • Design a structure of Sukuk transactions while adhering to Shariah-compliant principles and financial market regulations.
  • Demonstrate a strong understanding of the various risks associated with Sukuk investments and develop strategies to mitigate them effectively.
  • Develop the skills to analyse Sukuk market trends, investor behaviour, and emerging opportunities, facilitating informed investment decisions.
  • Practice the legal and regulatory requirements involved in Sukuk issuance, ensuring compliance and minimising legal risks.
  • Develop the ability to communicate complex Sukuk structures and investment proposals clearly and persuasively to stakeholders, including potential investors and Shariah boards.

Who is the course for?

The second in a series of masterclasses on the topic from INCEIF, this course is designed for bankers and financial professionals who are interested in building practical skills in Sukuk management.

It will also be beneficial for corporate treasurers, investors, government officials, and academics.

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
  • 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
  • Printed and digital certificate when you’re eligible

Limited access

Free

Sample the course materials

  • Access expires 2 Jun 2024

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

Learning on FutureLearn

Your learning, your rules

  • 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
  • Join the conversation by reading, @ing, liking, bookmarking, and replying to comments from others

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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