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Islamic Trade Finance


The course aims at introducing participants to the traditional Import and Export letters of credit process, and compares the same with the Islamic trade finance structure and process. It also includes discussion of important terms such as confirmed irrevocable; revolving; red clause; standby LC/Guarantees; Back to Back, etc.


Content Highlights

Review of the traditional Import and Export letters of credit process
Common issues and defects in letters of credit/Bills for collection and related potential Risk
How do the traditional concepts and problems square with Islamic rules?
Comparison between Islamic vs. Conventional Letters of Guarantee
Letters of Credit and Kafalah
Pure Murabaha Import, Agency Murabaha, Murabaha Purchase order and other Islamic instruments (Salam, Istisnaa and Tawarroq)
Bills for collection and related Shari'a Fatwa to mitigate the risk


Upon completion of this course, the participant will have knowledge of the:

Principles of Islamic Finance
Role of Shari'a Supervisory Board
Islamic Financing structures
Review of the UCP600
Export/Import letters of Credit & Collection Cycle
Confirmation & Advices of Letters of Credit
Islamic Products Shifting into Credit Instruments
Shari'a Standards (AAOIFI) in relation to trade finance

Course Facts

4 days; 24 hours



“The trainings conducted by SKILLS (previously BFST) has always been a huge success among BIsB's employees! The employees have been able to obtain a new sense of confidence and have been able to communicate their ideas & concerns. Their input has given us the opportunity to implement new strategies and procedures to improve our banking services. Thank you SKILLS for your professionalism and commitment to excellence. I unequivocally recommend SKILLS to those interested in improving their employees' skills”.

Reem Al Mutawaj
Manager - Training & Development
Bahrain Islamic Bank
Kingdom of Bahrain


Please view our courses

Banking Law and Practice

Portfolio Management

Islamic Trade Finance

Derivatives - Level 1