The Arab Chamber of Commerce & Industry

Islamic banking is now one of the fastest growing sectors of the financial market place, largely driven by the new wealth of the Middle East and by the need for Muslims, representing one-fifth of the world’s population, to find islamically acceptable financial products.

Islamic financial institutions currently operate in more than 75 countries with an estimated US$1 trillion in capitals and assets exceeding US$400 billion. This represents a 45 fold growth rate since 1982. However Islamic finance, based as it is on the fact that financial activities have to be interest free, poses many challenges for anyone seeking to unravel its workings.

The training courses listed below are designed to break through the mysteries and complexities of what, to an outsider, can sometimes be seen as a myriad of puzzling banking principles.

Where and when are the courses taught?
The courses are taught at VTC, as they allow to be customized to the student’s requirements.

How are the courses delivered?
Participants can choose between two possible Training Routes for course delivery.

Training Route One
Training Route One consists of a series of courses ranging from 1 to 5 days in duration. The course contents are listed below. You simply let the Course Director know which course you require.

Training Route Two
Training Route Two provides a more flexible system of choice where the participants can choose from the variety of modules listed below and create their own training program, based on their own requirements. The participants simply choose the modules they are most interested in and the Course Director puts them together to make up the program.

For both Training Route One and Training Route Two, the emphasis is on case studies, practical exercises and real world applications.

What is an Islamic Banking Module?
These are 90 minute modules. There is a short test at the end of each module. The modules are designed as stand alone, although each one can also be seen as prerequisite for the succeeding one. No prior knowledge of the subject area is assumed on the part of participants. Full documentation comes with each module.