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Finance & Accounting

Islamic Finance Products and Sukuk Structuring

Islamic finance is one of the fastest-growing segments of global finance, with sukuk now used by governments and corporates worldwide. This course explains Shariah principles behind Islamic contracts, the main banking products such as murabaha, ijara and musharaka, and how sukuk are structured, issued, rated and listed. Participants analyse real transactions and compare them with conventional instruments.

5 days Classroom or live online English
Smart Horizon Certified - Global Leadership Consultants
Take the course details with you.

Download the full standard outline: why attend, methodology, objectives, audience, competencies, the daily outline and current plans.

Download course PDF
Why attend

From knowledge to real-world impact.

Whether you work in an Islamic bank, invest in sukuk or advise issuers, you need to understand both the Shariah logic and the financial mechanics. This course connects the two in practical terms.

Workplace challenges

Professional Problems This Course Is Designed to Solve

The programme explores practical approaches to the following challenges. Results depend on how the learning is applied in your organisation.

  • Difficulty translating subject knowledge into practical workplace decisions.
  • Inconsistent approaches to the activities covered in the course outline.
  • Lack of a structured plan for applying and reviewing new skills.
Course methodology

How you will learn.

Lectures with transaction diagrams, case studies of sovereign and corporate sukuk, product comparison workshops and group structuring exercises.

Course objectives

What you'll take away.

By the end of this course, participants will be able to:

  • Explain the Shariah principles underpinning Islamic finance
  • Describe the structure of key Islamic banking products
  • Compare Islamic and conventional financing costs and risks
  • Explain the main sukuk structures and their uses
  • Understand the sukuk issuance process and documentation
  • Assess risks, rating and investor considerations for sukuk
Target audience

Who should attend.

This course is suitable for:

  • Islamic and conventional bankers
  • Corporate treasury and finance managers
  • Investment and fund managers
  • Legal and compliance professionals in finance
  • Government debt management staff
  • Financial analysts and advisors
Target competencies

Capabilities you will build.

Participants will develop competencies in:

  • Islamic contract knowledge
  • Product structuring
  • Sukuk analysis
  • Risk assessment
  • Transaction communication
Course outline

Your learning journey.

A focused, practical outline with time to explore, apply and reflect.

Day 1Principles of Islamic Finance

  1. 09:00–09:54Core Shariah principles in finance
  2. 09:54–10:48Prohibitions of riba, gharar and maysir
  3. 10:48–11:00Role of Shariah boards
  4. 11:00–11:30Coffee break
  5. 11:30–12:12Role of Shariah boards (continued)
  6. 12:12–13:06Islamic finance market overview
  7. 13:06–14:00Discussion: ethical finance in practice

Day 2Islamic Banking Products

  1. 09:00–09:54Murabaha and trade finance
  2. 09:54–10:48Ijara and leasing
  3. 10:48–11:00Musharaka and mudaraba
  4. 11:00–11:30Coffee break
  5. 11:30–12:12Musharaka and mudaraba (continued)
  6. 12:12–13:06Salam and istisna
  7. 13:06–14:00Exercise: matching products to client needs

Day 3Sukuk Structures

  1. 09:00–09:54Sukuk versus conventional bonds
  2. 09:54–10:48Ijara sukuk
  3. 10:48–11:00Wakala and mudaraba sukuk
  4. 11:00–11:30Coffee break
  5. 11:30–12:12Wakala and mudaraba sukuk (continued)
  6. 12:12–13:06Hybrid and asset-light structures
  7. 13:06–14:00Workshop: diagramming a sukuk

Day 4Issuance and Documentation

  1. 09:00–09:54Issuance process and parties
  2. 09:54–10:48Key documents and asset transfer
  3. 10:48–11:00Rating considerations
  4. 11:00–11:30Coffee break
  5. 11:30–12:12Rating considerations (continued)
  6. 12:12–13:06Listing and investor marketing
  7. 13:06–14:00Case study: sovereign sukuk issue

Day 5Risks and Market Outlook

  1. 09:00–09:54Credit, market and Shariah compliance risk
  2. 09:54–10:48Accounting and tax considerations
  3. 10:48–11:00Green and sustainable sukuk
  4. 11:00–11:30Coffee break
  5. 11:30–12:12Green and sustainable sukuk (continued)
  6. 12:12–13:06Market trends and innovation
  7. 13:06–14:00Action plan

The timings provided are estimates and may vary depending on the number of participants and the discussions taking place during the sessions. They are indicative only and do not constitute a binding commitment.

Dates & venues

Find a session that works for you.

Confirmed dates accept registration requests. Tentative dates are enquiry only.

London 16 Nov - 20 Nov 2026
Confirmed dates
€2,450.-Register
Online Live virtual classroom 16 Nov - 20 Nov 2026
Confirmed dates
€1,250.-Register
Paris 7 Dec - 11 Dec 2026
Confirmed dates
€2,860.-Register
Online Live virtual classroom 7 Dec - 11 Dec 2026
Confirmed dates
€1,250.-Register
Dubai 11 Jan - 15 Jan 2027
Confirmed dates
€3,150.-Register
Online Live virtual classroom 11 Jan - 15 Jan 2027
Confirmed dates
€1,250.-Register
Rome 1 Feb - 5 Feb 2027
Confirmed dates
€2,450.-Register
Online Live virtual classroom 1 Feb - 5 Feb 2027
Confirmed dates
€1,250.-Register
Cape Town 22 Feb - 26 Feb 2027
Confirmed dates
€1,890.-Register
Online Live virtual classroom 22 Feb - 26 Feb 2027
Confirmed dates
€1,250.-Register
Kuala Lumpur 8 Mar - 12 Mar 2027
Confirmed dates
€1,450.-Register
Online Live virtual classroom 8 Mar - 12 Mar 2027
Confirmed dates
€1,250.-Register
Cape Town 29 Mar - 2 Apr 2027
Confirmed dates
€1,890.-Register
Online Live virtual classroom 29 Mar - 2 Apr 2027
Confirmed dates
€1,250.-Register
Istanbul 19 Apr - 23 Apr 2027
Confirmed dates
€2,650.-Register
Online Live virtual classroom 19 Apr - 23 Apr 2027
Confirmed dates
€1,250.-Register
Barcelona 10 May - 14 May 2027
Confirmed dates
€2,840.-Register
Online Live virtual classroom 10 May - 14 May 2027
Confirmed dates
€1,250.-Register
Vienna 31 May - 4 Jun 2027
Confirmed dates
€2,940.-Register
Online Live virtual classroom 31 May - 4 Jun 2027
Confirmed dates
€1,250.-Register
Barcelona 14 Jun - 18 Jun 2027
Confirmed dates
€2,840.-Register
Online Live virtual classroom 14 Jun - 18 Jun 2027
Confirmed dates
€1,250.-Register
Amsterdam 5 Jul - 9 Jul 2027
Confirmed dates
€2,540.-Register
Online Live virtual classroom 5 Jul - 9 Jul 2027
Confirmed dates
€1,250.-Register
London 26 Jul - 30 Jul 2027
Confirmed dates
€2,450.-Register
Online Live virtual classroom 26 Jul - 30 Jul 2027
Confirmed dates
€1,250.-Register
Frankfurt 16 Aug - 20 Aug 2027
Confirmed dates
€2,650.-Register
Online Live virtual classroom 16 Aug - 20 Aug 2027
Confirmed dates
€1,250.-Register
Dubai 6 Sept - 10 Sept 2027
Confirmed dates
€3,150.-Register
Online Live virtual classroom 6 Sept - 10 Sept 2027
Confirmed dates
€1,250.-Register
Vienna 20 Sept - 24 Sept 2027
Confirmed dates
€2,940.-Register
Online Live virtual classroom 20 Sept - 24 Sept 2027
Confirmed dates
€1,250.-Register
Rome 11 Oct - 15 Oct 2027
Confirmed dates
€2,450.-Register
Online Live virtual classroom 11 Oct - 15 Oct 2027
Confirmed dates
€1,250.-Register
Dubai 1 Nov - 5 Nov 2027
Confirmed dates
€3,150.-Register
Online Live virtual classroom 1 Nov - 5 Nov 2027
Confirmed dates
€1,250.-Register
Cape Town 22 Nov - 26 Nov 2027
Confirmed dates
€1,890.-Register
Online Live virtual classroom 22 Nov - 26 Nov 2027
Confirmed dates
€1,250.-Register
Rome 13 Dec - 17 Dec 2027
Confirmed dates
€2,450.-Register
Online Live virtual classroom 13 Dec - 17 Dec 2027
Confirmed dates
€1,250.-Register

Good to know

A few things to know.

How is the course delivered?

Our classroom programmes combine facilitated discussion, case studies, exercises and reflection. The precise format will be confirmed before enrolment.

Can you deliver this programme for our team?

Yes, you can enquire about a tailored programme. Share your goals, group size and preferred dates with our learning team.

Will I receive a certificate?

Participants who complete the programme receive a Smart Horizon certificate of attendance. Smart Horizon programmes are not externally accredited and do not award a professional qualification, licence or designation. Where a course title or outline refers to a professional certification (for example, AACE International's Certified Cost Professional), the programme supports learning and preparation only; the credential itself is awarded solely by the relevant professional body under its own application and examination requirements.

What should I confirm before booking travel?

Please confirm the session, exact venue, accessibility arrangements, fees and any visa requirements with the team before arranging travel. Tentative dates are not confirmed sessions.

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