Islamic Finance Training

Dr. Mufti Yousuf Sulta

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Training Title:

​“Equity and Investment-Based Contracts in Islamic Finance: AAOIFI Standards and Contemporary Implementation in North America”

​Dr. Sanaullah Ansari

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Training Title:

"Basic Trainingin Islamic Banking and Finance​"

Duration: 2 Hours

Overview:

This intensive 2-hour training will provide a practical and principled exploration of equity-based and investment-based contracts in Islamic finance, grounded in the AAOIFI Shari’ah Standards. Special focus will be given to how these classical frameworks—particularly Musharakah, Mudharabah, and Islamic equity instruments—are interpreted, applied, and adapted within modern financial and legal contexts.

Key Topics:

1. AAOIFI-Compliant Contract Structures:

• Defining features and contractual requirements of Musharakah and Mudharabah as per AAOIFI
• Treatment of shares and equity instruments within Shari’ah parameters
• Permissible structures for profit and loss sharing, capital guarantees, and management roles

2. Contemporary Applications and Case Analysis:

• Use of equity-based contracts in Islamic banks, VC models, and private equity under AAOIFI guidelines
• Structuring Shari’ah-compliant investment offerings within modern frameworks
• Real-world implementation challenges

Duration: 2 Hours

Overview:

This 2-hour training course will overview.

1. Introduction to Islamic Economic System
  1. The Islamic economic system

• Sharia’h Rules
• Sharia’h Rulings
• Sources of Sharia’h

  2 . The comparison of different economic systems

• Capitalism
• Socialism
• Islamic

  3. The objectives of distribution of wealth in Islam

• Factors of Production
• Types of Investment

2. Riba, its types and prohibition
  1. Riba in Quran
  2. Riba in Hadith
  3. Riba and its types

• Riba Al-Nasiyah
• Riba Al-Fadal

  4. Commercial Interest and Usury
  5. Simple and Compound Interest
3. Islamic Contract
  1. Islamic contract

• Components of Islamic Contract
• Conditions of Islamic Contract

  2. Different types of Bai (Sale)

• Valid Sale
• Void Sale
• Valid but void due to defect
• Valid but disliked sale
• Types of Prohibited Sale

​  3. Options (Khiyars) in Islam