Islamic Banking and Finance Summer School (IBFSS 2017)

25-26 September 2017
Venue: Lancaster University Management School

Overview

The Islamic finance industry has witnessed unprecedented growth in the last two decades, during which it has become firmly integrated into the global financial system. With total assets approaching $3 trillion, its projected annual growth is expected to reach 10%. After the onset of the Global Financial Crisis in 2008, the resilience of the Islamic financial system attracted great interest across the global investment community. That resilience and the subsequent expansion of the sector are primarily attributed to the ethical and asset backed system that underpins the Islamic business model.

GOLCER Islamic Banking and Finance Summer School present an innovative, flexible and versatile programme has been designed for those seeking an in-depth understanding of the Islamic financial system. The school provides an update to date treatment of the core topics related to Islamic banking from both an academic and industrial perspectives. Participants are introduced to the theoretical and empirical aspects underlying Islamic banking; and comparisons are drawn with the conventional banking and financial systems. The school places great emphasis on hands-on exercises achieved via a series of E-views/Stata Lab sessions and case studies. All participants receive a certificate of attendance.

Objectives

The Objectives of the course are as follows:

  • Introduce the jurisprudential and theoretical foundations of Islamic Banking and Finance.
  • Provide an update on the regulatory framework of Islamic banking and finance.
  • Introduce the tools required in modern statistical analysis of Islamic economic and financial indicators.
  • Provide an overview of the Islamic financial products and their structure.
  • Conventional banking: Friend or Foe? Analysis of benefits and threats to Islamic banking.
  • Demonstrate how to present, interpret and analyse information based on financial and banking data.
  • Demonstrate how applied research in Islamic finance is undertaken and also to appreciate the use of econometric modelling.
  • Highlight current issues facing Islamic banking and financial sector.

Agenda

Day 1

9:00 – 9.15 Welcome (Dean / Director GOLCER)
9.30 – 11.00 Session 1: Banking Efficiency and Productivity 

  • Measuring Efficiency
  • Types of Efficiency (Technical + Allocative)
  • Technical Change
  • Scale Economies
  • Total Factor Productivity
  • Production Frontier and Feasible Production Set
  • DEA Analysis
  • Stochastic Frontier Methods

14.00 – 15.30 Session 2: Risk and Stability of Islamic Financial Institutions 

  • Introduction to Risk Management
  • Risk Management in Islamic Banks
  • Guiding Principles of Risk Management
  • Risk Management Governance
  • Risk Management Tools
  • Measuring Risk Failure
  • Measuring Industry Concentration and Penetration

16.00 – 17.30 Session 3: Islamic Economy, Financial and Capital Markets

  • Islamic capital markets
  • Islamic financial and hedging instruments
  • Islamic indices performance, volatility and correlations
  • Takaful (Islamic insurance)

17.30 – 18.30 Lab Session

19.30 - Gala Dinner
Breaks: Coffee (11.00 – 11.30, 15.30 – 16.00), Lunch (13.00 – 14.00)

Day 2

9.30 – 11.00 Session 1: Financial Accounting and Disclosure

  • Financial reporting in Islamic Institutions
  • Distinctive features of regulatory frameworks (Islamic versus conventional banks)
  • Income Management and smoothing
  • Auditing Standards (AAOIFI vs IFRS)
  • Adoption of Basel III: Future challenges and rewards

11.30 – 13.00 Session 2: Regulation and Shariah governance 

  • Structuring of Sharia Supervisory Board (SSB)
  • Role and responsibilities of the SSB
  • Conflict resolution in SSB – schools of thoughts, GCC vs Malaysia, AAOIFI vs IFSB Standards  
  • IFSB Standard on Shariah Governance
  • Shariah Governance Framework
  • Group discussion: Standardisation of Shariah rulings

14.00 – 15.30 Lab Session

16.00 – 17.30 Writing retreat and round table discussion 

Breaks: Coffee (11.00 – 11.30, 15.30 – 16.00), Lunch (13.00 – 14.00)

Delivered by

Professor Jill Johnes, University of Huddersfield
Professor Mike Tsionas, Lancaster University
Dr Marwan Izzeldin, Lancaster University
Dr Vasileios Pappas, University of Bath
Dr Marwa Elnahas, Newcastle University Business School
Sheik Faizal Manjoo, Markfield Institute for Higher Education
Dr Momna Saeed, GOLCER, Lancaster University
Gerry Steele, Lancaster University

 

Registration Fees

Registration fees are as follows
£ 950 for professionals
£ 750 for academics
£ 500 for students

The fees include printed and electronic version of the welcome
pack with the material of each session, coffee & tea breaks, lunch
and gala dinner.


Accommodation

You can either stay on the University Campus, in Lancaster House
Hotel, or student accommodation, from where everything will be
in walking distance, or you can stay in Lancaster City Centre – a
short bus ride or taxi journey away from the Campus.

Lancaster House Hotel

Lancaster University Student Accommodation

Summer School Venue

The Summer School will take place at the following location:
Lancaster University Management School, Lancaster University,
Lancaster, LA1 4YW, UK

Lancaster is close to Manchester Airport (57.8 miles; 1.40h by
train), and conveniently placed on the London-Glasgow train
line (254 miles; 2.40h by train from London), (162 miles; 2.20h
by train from Glasgow). Birmingham International Airport is
143 miles; 2.40h away.

Lancaster University Management School is around 4 miles to
the south of the City of Lancaster, easily accessed by frequent bus
service or taxi.

To register click here:

Registration