Underwriting Project Cargo Insurance: Best Practice
Course Overview
The key objective of this Sukuk Funds and Bonds course is to empower professionals to—
• gain a thorough understanding of Sukuk funds and bonds
• understand tools and techniques used in Islamic banking and finance
• use financial tools and techniques to create value through Sukuk bonds
• review one’s organisational systems to check for compliance with Sharia law
• devise strategies for continuous improvement and long-term sustenance of funds and bonds
• foresee and identify challenges to the model of Sukuk funds and bonds because of various external and internal factors, such as competition, national and global economy, etc., and devise corrective action plans to prevent grave business impact
• mentor other professionals to become experts in Sukuk funds and bonds
• efficiently multitask between multiple areas of working with Sukuk bonds, thereby demonstrating one’s capability to undertake higher responsibilities requiring end-to-end operation of Sukuk bonds, in turn supporting one’s progression
• innovate to offer better, more relative solutions related to Sukuk bonds for one’s organisation to promote organisational development
• globally compete with other professionals in Sukuk funds and bonds, thus gaining exposure and broadening one’s scope of growth
Training Format:In-class, Virtual
Location:Lagos, Accra, Nairobi, Kigali
Language:English, French
Nigeria Price:
₦330000
Int'l., (Nigeria) Price:
$1000
Ghana Price:
$4000
Kenya Price:
$5500
Rwanda Price:
$6000
Nigeria Price:₦330000
Int'l., (Nigeria) Price:
$1000
Ghana Price:
$4000
Kenya Price:
$4000
Rwanda Price:
$4000
Nigeria Price: ₦330000
Int'l., (Nigeria) Price:
$1000
Ghana Price: $4000
Kenya Price: $4000
Rwanda Price: $4000
Key Islamic Finance Principles
• Riba (interest)
• Gharar (excessive or deceptive uncertainty or risk)
• Maysar (gambling)
Types of Sukuk in Islamic Finance
• Ijarah sukuk
• Contractor’s sukuk
• Potential services sukuk
• Istisna’a sukuk
• Salam sukuk
• Murabaha sukuk
• Zero-coupon, non-tradeable sukuk
• Musharaka sukuk
• Mudarabah sukuk
• Hybrid/Pooled sukuk
• Muzaraa sukuk
• Musaqat sukuk
• Musharaka sukuk
• Mugharasah sukuk
• Sukuk of reducing ownership
Issuance Process of Sukuks
• Special purpose vehicle (SPV) establishment
• Sale of sukuk certificates to investors
• Asset purchase by originator
• Asset purchase by SPV
• Asset sale proceed payment to originator
• Asset lease to originator
• Asset re-purchase by originator on termination date
Sukuk Use and Purpose and Related Operation
• Fundraising
• Syndication
• Sub-participation
• Securitisation
• Market making
• Treasury
Legal Documentation for Sukuk Structuring
• Asset purchase agreement
• Asset sale agreement
• Lease agreement
• Purchase undertaking
• Sale undertaking
Challenges Faced with Sukuk Financing and Issuance
• Low awareness
• Scarcity of monetary policy instruments compliant with Sharia law
• Complex financial products and corporate structures
• Underdeveloped safety nets/resolution frameworks
• Inadequate regulator capacity
Criticisms and Issues Raised with Sukuk
• Asset-backed versus asset-based structures
• Fixed returns versus fixed retail prices
• Tradability
• Enforcement
Similarities Between Sukuk and Conventional Bonds
• Provision of payment streams to investors
• Initially issued to investors
• Safer investments than equities
Differences Between Sukuk and Conventional Bonds
• Asset ownership versus debt obligations
• Profitability and appreciation
• Sharia compliance
• Valuation methodology/theory
1ST BATCH: Tuesday, April 28, 2026 — Friday, May 1, 2026.
2ND BATCH: Tuesday, August 18, 2026 — Friday, August 21, 2026.
3RD BATCH: Tuesday, December 15, 2026 — Friday, December 18, 2026.
The training methodology integrates lectures, interactive discussions, collaborative group exercises, and
illustrative examples. Participants will acquire a blend of theoretical insights and hands-on practical
experience, emphasizing the application of learned techniques. This approach ensures that attendees return
to their professional environments equipped with both the competence and self-assurance to effectively
implement the acquired skills in their responsibilities.
