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FutureLearn

Introduction to Short-Term Islamic Liquidity Management Instruments (STILMI)

INCEIF University via FutureLearn

Overview

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Understand the need for Islamic liquidity management instruments in the market.

This five-week course will help you understand the concept of short-term Islamic liquidity management and why it is important for businesses to manage cash flow needs.

You’ll develop a range of practical knowledge and skills to apply directly to your organisation. With this knowledge, you’ll be able to enhance your career prospects and organisational effectiveness.

Using a comprehensive approach to understanding and managing short-term Islamic liquidity needs, this course is ideal for Islamic finance professionals, business owners, and managers who want to improve their cash flow management skills.

Learn to make informed decisions about your short-term cash flow needs

You’ll start by learning to identify the various types of short-term Islamic liquidity management instruments available.

With this knowledge, you’ll be able to contribute to your organisation’s success by optimising cash flow management practices and improving liquidity management practices.

Improve your cash flow management skills

With your knowledge of Islamic liquidity management instruments, you’ll explore the issues faced in structuring these short-term instruments and how you can overcome these challenges.

Exploring different case studies and real-world examples, you’ll also unpack the salient factors to consider in practice. This will help you understand the best practices for short-term liquidity management, including forecasting cash flows, managing working capital, and optimising cash balances.

Learn from experts in Islamic finance

Throughout the course, you’ll be guided by industry experts who will share their specialist insights from the field of Islamic finance.

By the end, you’ll have the knowledge and skills to manage your organisation’s short-term cash flow needs.

This course is designed for anyone interested in learning about the various instruments and strategies used in short-term Islamic liquidity management and how to use them effectively.

It will be most beneficial to bank regulators and supervisors, policymakers, business owners, and managers who are responsible for managing cash flow and financial resources within their organisations.

Syllabus

  • Introduction to Short-term Islamic Liquidity Management Instruments
    • Welcome to the Course
    • The Need for Short-term Islamic Liquidity Management Instruments (STILMI)
    • Causes of Liquidity Issues
    • Liquidity Programs and Instruments Issued by Respective Central Banks in Gulf Cooperation Countries (GCC)
    • Check Your Understanding
    • Summary
  • Conventional Versus Islamic Short-term Liquidity Management Instruments
    • Share your thoughts!
    • Differences between Conventional and Islamic Short-term Liquidity Management Instruments
    • Check Your Understanding
    • Summary
  • Challenges in Structuring Short-term Islamic Liquidity Management Instruments
    • Challenges you need to be mindful of when structuring short-term liquidity management instruments that are Shariah-compliant
    • Check Your Understanding
    • Summary
  • Successful STILMI Case Studies from Different Parts of the World
    • Introduction
    • Case Study 1: Collateralized Murabaha Facilities (CMF) of United Arab Emirates (UAE)
    • Case Study 2: Central Bank of Bahrain (CBB) Wakalah Facility
    • Case Study 3: Gold Sukuk Investment Fund (GLITTER) of Sudan
    • Case Study 4: Short-term Liquidity Instruments in Malaysia
    • Case Study 5: Short-term Liquidity Instruments Used in Indonesia
    • Case Study 6: Mudarabah Certificate Issued by the Central Bank of Maldives
    • Summary
  • Structuring Short-term Islamic Liquidity Management Instruments
    • Salient Factors to Consider when Structuring STILMI
    • How to Structure a Short-term Islamic Liquidity Management Instruments
    • Summary
    • What's Next?

Taught by

Lidiana Bakar

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