Training Course on

Islamic Banking Product Development

A six-day training course on Islamic Banking Product Development was held during 10-15 November 2012 at IBTRA, Dhaka. The program was organized by Bangladesh Institute of Islamic Thought (BIIT) and IIUM Institute of Islamic Banking & Finance (IIiBF), Malaysia jointly. Forty eight mid level executives from thirteen banks and five financial institutions were participated in the training program.

The program started by recitation from the Holy Quran and address of welcome by Janab M. Azizul Huq, President of BIIT and renowned Islamic banking consultant of the country. Major Md. Yunus Ali (Retd.), Secretary of BIIT Trust; Professor Dr. Abu Khaldun Al-Mahmood, Vice President of BIIT; Mr. Abdul Awal Sarker, General Manager of Bangladesh Bank Training Academy; Dr. Mahmud Ahmed, Executive VP, IBTRA; Mrs. Mahmuda Sultana, Executive Committee member of BIIT and other executives of BIIT were present in the inaugural session.

The program was concentrated on Islamic banking product development with special focus on Sukuk. Two Malaysian experts and some renowned local experts were the faculty members in this training course. Following papers were presented and discussed in the training

program:
1. History of Islamic Banking in Bangladesh: Past Present- Future. -- Mohammad Addul Mannan, Managing Director & CEO, IBBL 2. Islamic Perspective of Islamic Banking and Maqasid al-Shariah. -- M. Azizul Huq, President of BIIT 3. Principles of Deposit Mobilization & Framework of Return. -- M. Azizul Huq, President of BIIT

4. Investment Modes. -- Dr. Mohammad Haider Ali Miah, M.D & CEO of EXIM Bank Ltd. 5. Trade Financing
-- Mr. Manirul Alam Al-Mamoon, Senior Vice President, IBBL

6. Money Market of Bangladesh -Institutions and Instruments- Scope of Islamic Practices. Mohammad Nesar Uddin FCA, ACMA, EVP, IBBL 7. Capital Market of Bangladesh- Institutions and Instruments -Scope of Islamic Practices. Md. Nurul Islam Deputy Managing Director, IBBL. 8. Risk Management Principles and Mechanisms for the Islamic Financial System. Mr. AKM Abdul Malek Chowdury ,Deputy Managing Director, IBBL 9. International Infrastructure Institutions for Islamic Banking AAOIFI, IFSB, IIFM, GEBAFI etc. -- Mr. Abdul Awal Sarker GM, Bangladesh Bank Training Academy 10. Islamic Capital Market Instruments Focus Perpetual Mudaraba Bond of IBBL. -- Md. Fariduddin Ahmed, Advisor- EXIM Bank Ltd 11. Contemporary Issues in Islamic Banking -- M. Azizul Huq, President of BIIT 12. Sukuk- Definition & Origin of Sukuk-Sharih Framework in Structuring.
-- Prof. Dr. Hasanuddin B. Abdul Aziz, Dean, Centre for Postgraduate Studies, IIUM

13. Sukuk Structures-Sale-Based, Lease Based and Equity-Based.

-- Prof. Dr. Hasanuddin B. Abdul Aziz, Dean, Centre for Postgraduate Studies, IIUM

14. Issues, Opportunities and Challenges in Sukuk Market.

-- Prof. Dr. Hasanuddin B. Abdul Aziz, Dean, Centre for Postgraduate Studies, IIUM

15. Islamic Equity Market Characteristics of Modern Day Corporation-Secondary Market Equity Valuation. -- Prof. Dr. Ahmed Kameel Mydin Meera, Dean, IIiBF, IIUM 16. Islamic Equity Market-Instruments, Unit Trusts-Mutual Funds Speculation in Equity Market-Islamic Index. -- Prof. Dr. Ahmed Kameel Mydin Meera, Dean, IIiBF, IIUM

Prof. Dr. Ahmed Kameel Mydin Meera

Prof. Dr. Hasanuddin B. Abdul Aziz

The program was so much participatory and enthusiastic. Participants expressed their gratefulness to the organizers and also shown their keen interest on such kind of training programs in future. All participants were awarded a certificate in the concluding session.