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Executive Education – The Role of Finance in a Changing World

June 25 - June 29

£235 - £891

Click Below to Download our Event Brochure

3 Day – Islamic Finance – An Ethical Alternative (Monday 25th June – Wednesday 27th June 2018) REGISTER

Learning Objectives

  • Describe Islamic finance market structure, size and terminology
  • Clearly articulate the role Islamic finance plays within the wider ethical finance movement
  • Understand and recognise key principles in Islamic finance, including the role of Shariah Scholars
  • Identify key elements of Islamic finance products and the core contracts used to create such
  • Understand the workings of Islamic capital markets, specifically sukuk and creating equity portfolios
  • High level understanding of how Shari’a jurisprudence requirements are covered within English law
  • Describe real estate transactions and understand the key legal implications relating to such
  • Inform organisational strategy in relation to development of Islamic finance products
  • Recognise the role Islamic finance can play in raising finance as well as generating a return on investment

2 Day – The Ethical Finance and Investment Paradigm (Thursday 28th June – Friday 29th June 2018) REGISTER

Learning Objectives

  • Describe ethical finance market structure, size and terminology
  • Understand and recognise how ethical finance principles / trends impact your organisation
  • Understand how the SDGs align to strategic priorities and can contribute to business growth
  • Identify key elements of sustainable banking and responsible investing
  • Describe impact investing and develop a basic framework to measure impact
  • Recognise correlation between environmental, social and governance performance and business success
  • Provide an ethical lens to organisational strategy (i.e. finance, marketing, procurement etc)

INTRODUCTION

Growing awareness of sustainability, climate change and social justice issues, combined with concerns arising from the 2008 financial crisis, have increased demand for businesses to operate on a more transparent and ethical basis. From an ethical money perspective Ethical Consumer, in their Ethical Consumer Markets Report 2017, highlight that the combined total of the UK’s ethical banking, credit unions, ethical investments and share issue markets have almost doubled from £21.9 billion in 2010 to £39.3 billion in 2016. The ethical finance sector therefore represents an excellent business growth opportunity.

These trends have placed financial institutions under particular scrutiny and given rise to the development and launch of a wide range of financial products developed in line with specific ethical parameters. Within this context the $2.7trn Islamic finance sector is positioned as a faith inspired form of ethical finance. As well as sharing similar values and strategies Islamic finance offers an alternative model that can address financial inclusion challenges using non-interest techniques.

This positive convergence of ethical and Islamic finance, coupled with the demand from a wide range of industry stakeholders keen to develop their knowledge and understanding in these areas, has led the Ethical Finance Hub (EFH) to develop this unique and flexible executive education summer Course offering.

The Ethical Finance Hub (EFH), Heriot-Watt University, Edinburgh Business School and the Islamic Finance Council UK (UKIFC) have combined their expertise to offer two first class, international practitioner-led, summer Courses focused on ethical and Islamic finance.

 SUMMARY

  • Two distinct Courses focused on ethical and Islamic finance running concurrently within the same week
  • Summer programme hosted in a first class learning environment set within 380 acres of beautiful green parkland in Edinburgh, Scotland
  • Practitioner led – designed, developed and delivered by leading practitioners and industry experts providing practical insights and case studies
  • Course fees include lunch, refreshments and an exclusive networking dinner with leading industry experts
  • Options to participate in a guided tour of scenic Edinburgh as well as having a Certificate of attendance issued by Heriot-Watt University, an accredited academic centre

THE ETHICAL FINANCE AND INVESTMENT PARADIGM – 2 DAY

REGISTER HERE

Ethical finance is a long established process of investing and financial management following values based principles. As well as the banking crisis, and subsequent drop in consumer confidence, growing themes around sustainability, environmental concerns and social justice have driven demand for a more inclusive and socially responsible financial system. More recently, as the scale of wealth transfer through generations has been recognised an increasing focus is being placed on millennials who consider their financial decisions to be a way to express their social, political, and environmental values.

This two day intensive practical Course is designed for professionals across the business spectrum looking for an insight into ethical finance. Whilst the industry is full of acronyms, “ethical finance” is used here as a generic all-encompassing umbrella term to represent a wide range of financial tools, including socially responsible investing; environmental, social and governance; sustainable finance; and financial inclusion.

The Course – designed, developed and delivered by some of the UK’s leading practitioners – will introduce the concept of ethical finance, explore the key principles of sustainable banking and responsible investing before concluding with a session dedicated to impact investing.

DAY 1

Introduction to Ethical Finance

  • Development of the sector / market drivers
  • Market composition / size / financial prize
  • Regulation and global initiatives
  • Overview of the UN SDG’s
  • Key business considerations

Sustainable Banking

  • Origins, purpose and principles
  • Strategic re-alignment of high street banks
  • The rise of values-based banks
  • Alternative models (incl. member owned financial institutions, social investment Islamic finance and microfinance)

DAY 2

Trends in Responsible Investing

  • Spectrum of capital
  • Investment risk-return profiles
  • Reputational risk
  • Responsible capitalism
  • Dispelling the performance penalty myth
  • Strategies (Exclusionary Screening, ESG Integration, Positive Screening and Thematic)
  • Trends in sustainable investing
  • Defining and Measuring Impact Investing

Introduction to impact investing

  • Impact investment policies and implementation
  • Potential outcomes of impact investing in terms of financial returns, diversifications, risks, social output and outcomes
  • Trends in impact investment themes
  • Monitoring and measuring impact

ISLAMIC FINANCE – AN ETHICAL ALTERNATIVE – 3 DAY

REGISTER HERE

The trend of positioning Islamic finance within the broader ethical finance umbrella has gained momentum in recent years. Whilst the core principles of Islamic finance, such as the prevention of investing in harmful / sinful industries, prohibition of speculation and the principle of risk-sharing, all directly correlate to ethical finance values and strategies Islamic finance employs even greater ethical rigour through the purifying of dividends, prohibition of interest and requirement for Shari’ah boards to certify products. The ethical principles upon which products and instruments are structured positions Islamic finance as an ethical alternative that can be attractive to both Muslims and non-Muslims.

This three day intensive practical Course – designed and developed by the UKIFC, global leaders in Islamic finance capacity building – will begin with a comprehensive introduction to Islamic finance, its ethical foundations, core structures, and creation of Islamic banking products. It will then offer practical guidance in creating enabling regulatory frameworks, particularly within a secular context, before exploring the nuances of Shariah compliant asset management. The Course concludes with a session focused on the legal, mechanics and trends within Islamic finance real estate transactions.

DAY 1

Fundamentals and objectives

  • Core principles
  • Key contracts and use of these to create financial products

Regulation of the sector

  • Key considerations in creating an enabling regulatory framework for Islamic finance

DAY 2

Shariah Governance

  • Shariah Supervisory Boards
  • Internal shariah audit and the case for external shariah audit

Asset Management

  • Demystifying Islamic capital markets
  • Structuring sukuk as a debt capital market alternative
  • Developing equity screens and alternative asset classes

DAY 3

Legal Consideration Towards Islamic Finance – A Focus on Real Estate Transactions

  • Legal approaches to documenting finance transactions
  • Structuring real estate deals
  • Market demand for Islamic real estate deals / financing

Organizer

Ethical Finance Hub
Phone:
07931 103573
Website:
http://www.ethicalfinancehub.com

Venue

Edinburgh Business School, Heriot-Watt University
Riccarton Campus
Edinburgh, EH14 4AS United Kingdom
+ Google Map
Website:
https://www.ebsglobal.net/