Ahmed Salem Sultan, Director of Public Relations & Communication Department at QFMA
Doha, Qatar: A specialized training program entitled “Islamic Sukuk &Islamic Finance: Sharia Standards and Oversight, Governance” was started in Doha on, Tuesday. The program is organised by Qatar Financial Markets Authority (QFMA) in cooperation with the Union of Arab Securities Authorities (UASA) and will continue until Thursday.
Ahmed Salem Sultan, Director of Public Relations & Communication Department at QFMA, said that this training program is based on the Sharia, governance and auditing standards issued by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI).
Participants in the training program will be awarded a certificate of participation issued by QFMA and UASA.
Ahmad Salem Sultan explained that this training program 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 training program also aims to equip participants with necessary Shariah knowledge and vocational skills in the field of Shariah supervision and monitoring in 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 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 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.
In addition, Ahmad Salem Sultan pointed out that the training program also aims to provide participants with the necessary Islamic legal knowledge and vocational skills in the international banking and financial
sector.
Participants will be briefed on issues related to sukuk, especially understanding their 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.
The officials stated training program 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.
