Fundamentals of Islamic FinTech

About the Course

The integration of technology within Islamic finance is becoming increasingly significant. Therefore, this five-day interactive Fundamentals of Islamic FinTech is designed to provide an in-depth exploration of the dynamic intersection between Islamic finance principles and modern financial technology. It aims to equip delegates with a robust understanding of how Islamic finance principles can be effectively applied through innovative FinTech solutions, ensuring they remain at the forefront of this rapidly advancing sector.

Delegates will examine the core principles of Islamic finance, including the ethical and regulatory frameworks that underpin the industry. They will gain insights into how these principles are being adapted and applied within the FinTech space, highlighting the unique challenges and opportunities that arise. By exploring various aspects of Islamic FinTech, including digital banking, payment systems, and investment platforms, delegates will acquire a comprehensive perspective on how technology is reshaping the delivery of Shariah-compliant financial services.

Also, it focuses on the practical aspects of integrating Islamic FinTech with traditional financial systems, addressing key issues such as interoperability, regulatory harmonisation, and collaborative models. Delegates will engage with industry experts and peers, nurturing a deeper understanding of the strategic and operational elements. This will allow them to be well-prepared to navigate the complexities of Islamic FinTech, leveraging their knowledge to drive innovation and deliver value in the evolving financial landscape.

Core Objectives

The delegates will achieve the following objectives:

• Understand the core principles of Islamic finance and how they are applied in modern FinTech solutions
• Apply Shariah-compliant financial practices to develop and assess Islamic FinTech products and services
• Analyse the challenges and opportunities associated with integrating Islamic finance principles into digital banking and payment systems
• Evaluate the effectiveness of various Islamic FinTech solutions and their alignment with regulatory and compliance standards
• Create innovative strategies for bridging Islamic FinTech with traditional financial systems to enhance service delivery and client engagement
• Compare and contrast different Islamic FinTech models and their impact on traditional financial services and global markets
• Design comprehensive FinTech solutions that adhere to Shariah principles and meet the needs of diverse clients in the Islamic finance sector

Training Approach

This training course combines interactive discussions with practical workshops to ensure delegates grasp theoretical concepts and real-world applications in Islamic FinTech. Delegates will engage in hands-on activities and group discussions, applying their knowledge to develop innovative solutions and address industry challenges. It will provide insights and case studies, enriching the learning experience with current trends and practical examples.

The Attendees

This training course is suitable for professionals involved in the intersection of Islamic finance and financial technology.

It will be suitable for professionals but not limited to the following:

• Islamic Finance Professionals
• FinTech Developers and Analysts
• Digital Banking Specialists
• Investment Advisors
• Compliance Officers
• Risk Management Experts
• Financial Regulators

Daily Discussion

DAY ONE: INTRODUCTION TO ISLAMIC FINANCE PRINCIPLES

• Overview of Islamic Finance and Shariah Law
• Key Principles: Riba, Gharar, and Mudarabah
• Islamic Financial Instruments: Sukuk and Murabaha
• Role of Islamic Financial Institutions
• Ethical Considerations in Islamic Finance
• Comparison with Conventional Finance
• Regulatory and Compliance Frameworks

DAY TWO: ISLAMIC FINTECH ECOSYSTEM

• Evolution and Growth of Islamic FinTech
• Islamic FinTech Startups and Innovations
• Key Players in the Islamic FinTech Industry
• Technology Integration in Islamic Finance
• Digital Platforms for Islamic Financial Services
• Shariah Compliance in FinTech Solutions
• Challenges and Opportunities in Islamic FinTech

DAY THREE: ISLAMIC DIGITAL BANKING AND PAYMENTS

• Islamic Digital Banking Models
• Shariah-Compliant Payment Systems
• Mobile Banking and E-Wallet Solutions
• Online and Islamic Banking Regulations
• Digital Identity Verification in Islamic Banking
• Innovations in Islamic Payment Technologies
• Security and Fraud Prevention in Islamic Digital Banking

DAY FOUR: ISLAMIC INVESTMENT PLATFORMS AND CROWDFUNDING

• Principles of Shariah-Compliant Investments
• Islamic Investment Funds and Portfolios
• Crowdfunding Models in Islamic Finance
• Equity-Based and Debt-Based Crowdfunding
• Due Diligence and Risk Assessment
• Role of Blockchain in Islamic Investment
• Compliance and Governance in Investment Platforms

DAY FIVE: ENHANCING SYNERGY BETWEEN ISLAMIC FINTECH AND TRADITIONAL FINANCE

• Bridging Islamic FinTech and Conventional Banking Systems
• Cross-Border Islamic FinTech Solutions
• Interoperability Challenges in Islamic FinTech
• Collaborative Models between Islamic and Conventional Institutions
• Regulatory Harmonisation Efforts
• Impact of Global Financial Policies on Islamic FinTech
• Strategies for Scaling Islamic FinTech Solutions