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COMMODITY MURABAHA CONTRACT (SYB 216)

ICDIF LPPI


BRIEF OUTLINE

This workshop program is intended to provide an overview of the theoretical as well as practical application of the commodity murabaha contract which has increasingly received great attention from the Islamic banking industry and regulators. This workshop will discuss in broad the contract that is used in the commodity murabaha contract and also its flow scheme to help facilitate participants.


BENEFIT

This program is essential for Islamic bankers especially those under the products and services development division as well as those in the field of Islamic banking operations. By understanding the essence and character of commodity murabaha they are expected to develop products based on this contract thereby increasing diversification of Islamic banking products.


CONTENT

Participants will be given material related to commodity murabaha contracts with subject matters such as the following: the definition of commodity murabaha both literally and by term, the difference between commodity murabaha and murabaha, tawarruq contracts, sharia fundamentals of tawarruq, the views of scholars on tawarruq, tawarruq munazzam (organized tawarruq), relationship between tawarruq and commodity murabaha, the practice of tawarruq in Malaysia, the Middle East and Indonesia, tawarruq as an instrument of Islamic inter-bank liquidity management, commodities trading based on sharia principles in commodity exchange, etc.


METHOD

This program is held by class instruction applying discussions.


SUGGESTED PARTICIPANTS

Participants are Islamic bankers in general but recommended for those who are in the division of product development and operations, including Account Officers.


FACILITATORS

The facilitators include experts, professionals, practitioners and academicians from Islamic Banking, the National Sharia Board (DSN) and LPPI.


DURATION

This program is held intensively for 1 (one) day.