QFMA Organises Training Programme on Islamic Sukuk and Islamic Finance

A specialised training programme entitled "Islamic Sukuk & Islamic Finance: Sharia Standards and Oversight, Governance" kicked off on Wednesday. The programme is organised by Qatar Financial Markets Authority (QFMA) in co-operation with the Union of Arab Securities Authorities (UASA) and will continue until Thursday.

Director of Public Relations & Communication Department at QFMA Ahmed Salem Sultan said that this training programme is based on the Shariah, governance and auditing standards issued by the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI), pointing out that participants in the training programme will be awarded a certificate of participation issued by QFMA and UASA.

He explained that this training programme aims to provide participants with the necessary Shariah knowledge and vocational skills in the field of Shariah supervision and monitoring in the international banking and financial sector. 

Participants will be briefed on issues related to sukuk, especially defining the standards and regulations, the principles and legal rules governing investment contracts and Islamic financing structures, defining sukuk and their types and characteristics, legal aspects related to sukuk, the growth and evolution of sukuk products, and other financing instruments.

He added that the training program also aims to equip participants with the necessary Shariah knowledge and vocational skills in the field of Shariah supervision and monitoring in the international banking and financial sector. It also provides candidates with the opportunity to acquire advanced knowledge in various areas such as the role of different Shariah supervision and monitoring operations and their positions in financial institutions, the relationship between the Shariah supervisory board and internal Shariah supervision and monitoring operations, the mechanism for monitoring the implementation of decisions and fatwas of Shariah boards, and direct verification of the Shariah compliance of banking and financial operations in the institution.

Moreover, it aims to provide the foundations of trust and assurance to customers regarding the institution's commitment to Shariah principles and ensuring that everyone receives their rightful due.

The training programme targets all employees in the field of Islamic finance within regulatory bodies, financial markets, or entities subject to their regulation, including brokerage firms or financial institutions interested in Islamic finance instruments. 

In addition to all employees in the fields of financial market regulation and entities subject to the supervision of the Securities and Exchange Commission, as well as employees in Islamic finance institutions including banks and investment companies, and employees in conventional banks.