Executive Diploma in Islamic Credit Management of SLICM

Course ID
SLICM04
Commences on
28 March 2015
Investment
LKR 47,000
Lecture Schedule
Saturdays from 2pm to 5pm
Location
No. 3, Collingwood Place, Colombo 6
Sri Lanka Institute of Credit Management

Sri Lanka Institute of Credit Management (SLICM) was established in 1988 under the Companies Act No.17 of 1982. This was encouraged by the leading finance companies namely: The Finance Co PLC, Lanka Orix Leasing Co Ltd, Alliance Finance Co PLC, Central Finance Co PLC, Mercantile Credit Ltd and LB Finance Ltd.

It was started as a pioneering education project intended to fill a vacuum in the leasing and finance related companies in Sri Lanka. In the year 2000, Sri Lanka Institute of Credit Management was incorporated under a Parliamentary Act No. 07 of 2000.
Over the years SLICM has trained over 1500 students from over 100 financial institutions in the country. SLICM has provided well qualified graduates to banks, finance companies, leasing companies and a variety of trading companies.
All Advanced Professional Diploma Holders with experience in credit management can apply for Associate Membership of Sri Lanka Institute of Credit Management. These Associate Members can use the affix AICM-SL. In recognition of the SLICM’s standard of education the institute of Credit Management UK (ICM, UK) has granted Associate Membership to Diploma holders with experience in credit management, who have applied for membership in the ICM, UK.
Asian International Academy (AIA) which is an educational establishment offering academic and professional education is the exclusive study centre for the SLICM programmes.
Progression Plan

Students who complete the Executive Diploma in Islamic Credit Management can read for another five modules on Conventional Banking with our technical partner First Global Academy and obtain the Executive Diploma in Islamic Banking and Finance. Upon obtaining this qualification students are able to qualify to sit for the Islamic Finance Qualification (IFQ) with Chartered Institute of Securities and Investments (CISI), UK.
Curricular Outline

Area 1

  • Examine how Shar’iah frames Islamic banking and finance systems
  • Investigate how the sources of Islamic finance and banking principles have influenced the development of financial products and services.
  • Examine the impact of the introduction of Islamic banking and finance in a selected state

Area 2

  • Discuss the underlying goals of Islamic finance principles, especially Mu’amelat
  • Examine how lending and borrowing structures differ between Islamic and conventional systems
  • Compare and contrast the nature of transactions costs between the two types of finance and banking.
  • Distinguish between the different modes of Islamic finance.
  • Present Islamic banking operation in Sri Lanka and credit management techniques.

Area 3

  • Assess the relationship of key instruments of Islamic financial principles.
  • Evaluate how the application of Shar’iah Law has impacted on Islamic asset and fund management.
  • Assess the relationship of key instruments of Islamic financial principles.
  • Investigate how risk is treated within Islamic credit.
  • Examine the Sukuk market and identify suitable types for different client profiles

Area 4

  • Explain how the principles which support governance within Islamic banking structures are applied in practice
  • Review the role of Shar’iah Supervisory Boards (SSB) at a national and institutional level.
  • Assess the key regulatory applications that operate upon Islamic banking and finance

Area 4

  • Various Divisions and main functions in an Islamic Bank/Window.
  • Core banking activities ie. Deposit mobilization and Extending Facilities
  • Deposit mobilization under Mudaraba terms (Demand/Savings/Term)
  • Type of customer segments for Islamic Credit
  • Types of Investment (Advance) products.
    • Direct- Trade modes, Participatory modes, Leasing mode, Agency mode etc. Indirect- L/C, L/G etc.
  • Cash management
  • Documents
    • Deposit/Advances, Opening of Accounts, Applications for facilities, Guarantor’s statements etc.

Area 6

  • Customer Analysis for Islamic Credit
  • Industry Analysis for Islamic Credit
  • Ratio Analysis for Islamic Credit

Area 7

  • Examine how the different types of Islamic management funds relate to investment contexts for investors and institutions
  • Recognize the impact of Islamic financing strategies on the operations of finance and banking
  • Evaluate the application of Islamic finance and banking in international trade
  • Critically examine the potential evolution of Islamic asset and equity funds in the context of changing global financial structures
  • Investigate the unique challenges for Islamic banks in terms of risk and liquidity management
  • Application of Investment (Advance) products, such as Murabaha, Musawama, Musharaka, Mudaraba, Istisna, Parellal, Istisna, Bai-Salam, Parellal Salam, Ijara, Wakala with terms and condition.
Assessment Techniques

Two written assessments where one is based on the fundamentals of Islamic Credit and another based on a case study focusing on the operations of Islamic Credit Model in Sri Lanka. This is followed by a VIVA on addressing and issue related to Islamic Credit Management operations within an organisation of their choice.
Entry Criterion

Over one year of experience in the banking and the financial services sector or 3 passes in GCE A-Levels

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