Legal & Governance Framework of IFIs

This module introduces candidates to the legal, regulatory and Shariah governance framework that underpins the conduct of Islamic financial institutions. Candidates will be exposed to the practices of the legal and regulatory frameworks for Islamic finance in several key jurisdictions. This module will also introduce the roles of international standard-setting bodies in developing best practices for the regulation of the sector. Finally, candidates will learn of the regulatory and compliance issues from the perspective of both regulators and institutions. The broad overview of regulatory matters in this module sets the stage for operations-related and product-structuring modules at the Intermediate and Proficient levels.