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Introductory course on Islamic finance
From March 15, 2024 until April 25, 2024Registration from March 15 through April 17. The course will be taking place on Thursdays, April 18 and 25, from 9:30 a.m. to 2:00 p.m.
MADRID
IE University, Madrid (IE Tower, Pº de la Castellana).
Registration from March 15 through April 17. The course will be taking place on Thursdays, April 18 and 25, from 9:30 a.m. to 2:00 p.m.
Course fee: 95 euros. 8 class hours. Places are limited to no more than 20 attendees.
In Spanish and English.
On Thursdays, April 18 and 25, we will be offering this course on how to
enter a financial market with great potential both inside and outside
of the Islamic countries. You will get to learn about the basics of
ethics, trends and opportunities in this field. Sign up now!
Over the past eight years, Islamic finance has experienced a huge boom in global value, rising from US$2 trillion to US$4.5 trillion, according to the latest data in 2023. This 125% growth, despite the economic challenges caused by the pandemic and the later economic recovery, reflects the robust, resilient nature of the sector. It also highlights the potential held by Islamic Fintechs, which are estimated to see growth of more than 17% over the next few years. The Sukuk, Islamic bonds, grew by 7%, consolidating their position as particularly interesting instruments for financing large-scale projects, including those in infrastructure and energy.
Islamic finance represents a constantly growing market that offers business opportunities both inside and outside Arab countries. They also have the potential to bring new perspectives and approaches to conventional finance, providing alternatives which are based on ethical and sustainable guidelines, in accordance with the economic trends set by European governments today.
For all these reasons, Islamic finance has raised growing interest in Europe. Possessing knowledge about the sector and how it is managed can be a key tool for creating business opportunities for European companies that would like to operate in international markets, in Arab-Islamic countries or with financing from these countries.
The course, organized by the Observatory of Islamic Finance in Spain SCIEF - Casa Árabe and taught by specialists in the field, from both Spain and abroad, provides an introduction to the ethical foundations, growth trends and many opportunities offered by this type of finance for Spanish companies and professionals, in a series of theoretical and practical sessions that will focus on commercial instruments, Islamic financing contracts, banking and insurance. Schedule
Further information about the course
Celia de Anca
With a degree in Arabic Philology from the Universidad
Autónoma de Madrid, de Anca went on to specialize in European Community
Studies and International Relations. She earned her PhD in Philosophy
and Letters from the same university. She is currently the Vice Dean of
Ethics, Diversity and Inclusiveness at IE University and the Director of
its Diversity Center. She also develops online education programs,
including the Cousera Fundamentals of Diversity course, and has been the
academic director of the Diversity Inclusion and Belonging
specialization program. Prior to that, she also worked as Director of
Corporate Programs at the Euro-Arab Management School (EAMS) in Granada;
she was an external advisor to Merrill Lynch’s Diversity and Inclusion
Council (London) from 2006 to 2008, and a member of the Executive
Committee of the IE Business School from 2005 to 2015. Also a member of
the Ethics Committee of InverCaixa’s Ethical Investment Fund since 2010,
and a member of IFN’s Advisory Board since 2020 and Developing Leaders
Quarterly’s Advisory Board since 2022, she was bestowed with the 2008
Executive of the Year Award by the Madrid businesswomen’s organization
ASEME.
Olivia Orozco
With a PhD in History and Civilization from the
European University Institute of Florence (IUE, 2008), Orozco earned her
Master’s degree in Contemporary Arab Studies from Georgetown University
(MAAS, 2003) and a degree in Economics from the Universidad Autónoma de
Madrid (UAM, 1998). She co-authored the first book in Spanish about
Islamic Economics and Banking (AECID, 1999) and has had articles
published on the topic, as well as the history of economic thought in
the Mediterranean and Arab world economies today. She specializes in
economics and development in Arab countries, Islamic economics and
banking, and economic thought in the Mediterranean. She is the main
editor of Casa Árabe’s publications on finance, business, industrial
policies, water, migration, development and the economic
consequences of conflicts.
Alfredo Cabellos
Partner in charge of
Maritime and Aviation Affairs at Watson Farley & Williams Madrid. An
asset finance specialist, he has had a lengthy career in financial
consultancy in the transportation world, both in Spain and abroad. He
began his career at Castro, Sueiro & Varela, then joined the Madrid
office of Stephenson Harwood and, in 2004, joined Uría Menéndez, where
he continued his work until joining Watson Farley & Williams. He
holds a Law degree from the Universidad Complutense de Madrid and is a
member of the Spanish Maritime Law Association. Along with other
courses, he teaches Maritime Law in the Maritime Law Master’s degree
program at ICADE and the Spanish Maritime Institute (IME). He has been
included by Chambers and Partners in Category 2, “Shipping: Finance” in
Spain, where he is described as “a key figure in advising Scandinavian
shipowners and Spanish banks on new Spanish Tax Lease structures.”
Delfina Serrano
An Arabic and Islamic Studies specialist and Senior
Scientist at the CSIC’s Institute of Languages and Cultures of the
Mediterranean and Near East, Serrano’s research work revolves around the
study of Islamic jurisprudence (fiqh) and its ties with other Islamic
religious sciences such as kalam or discursive theology, and Sufism. Her
publications address these topics in their doctrinal and practical
aspects, and in specific historical contexts, including the contemporary
period. Her work has been published in international scholarly journals
like Al-Qantara, Der Islam, Islamic Law and Society, Bulletin d’Études
Orientales, Revue des mondes musulmans et de la Méditerranée, Journal of
Women of the Middle East and the Islamic World (Hawwa), Journal of
Middle East Women’s Studies, and by publishers including the CSIC,
Brill, Routledge, Oxford University Press, Harvard University Press and
Brepols. Until 2020 she directed the editorial series Estudios Árabes e
Islámicos published by the CSIC, and she is currently on the editorial
board of the journal Al-Qantara (CSIC).
Guillermo Canalejo
A partner in
the Tax Law Department at the Madrid office of Uría Menéndez, he is
co-head of the Middle East Practice Group. He earned his Law degree at
the Universidad Complutense de Madrid and specializes in Tax Law and
International Business Administration. He has extensive experience in
corporate taxation and is a specialist in international tax planning, a
field in which he advises Spanish and foreign multinationals as well as
doing so on private equity transactions, other collective investment
vehicles and tax planning for individuals with large asset holdings. He
also regularly gives seminars and conferences, both in Spain and abroad.
Abdulkader Thomas The Managing Director of Shape for Economic
Consultancy and an international Islamic finance expert. He has held
senior positions in many institutions, including those of Editor and CEO
of the American Journal of Islamic Finance; he is a member of the
Management Committee of Orientation Financial Group and Acting CEO of
the Islamic Investment Banking Unit of United Kuwait Bank. One of his
main areas of interest is the application of fiqh to solving modern-day
financial issues. He is currently working in the fields of applied
research, market regulation and financial problem-solving. These are
finding new applications outside the business sector and in academia.
Abdulkader Thomas
The Managing Director of Shape for Economic Consultancy and an international Islamic finance expert. He has held senior positions in many institutions, including those of Editor and CEO of the American Journal of Islamic Finance; he is a member of the Management Committee of Orientation Financial Group and Acting CEO of the Islamic Investment Banking Unit of United Kuwait Bank.
One of his main areas of interest is the application of fiqh to solving modern-day financial issues. He is currently working in the fields of applied research, market regulation and financial problem-solving. These are finding new applications outside the business sector and in academia.
The Managing Director of Shape for Economic Consultancy and an international Islamic finance expert. He has held senior positions in many institutions, including those of Editor and CEO of the American Journal of Islamic Finance; he is a member of the Management Committee of Orientation Financial Group and Acting CEO of the Islamic Investment Banking Unit of United Kuwait Bank.
One of his main areas of interest is the application of fiqh to solving modern-day financial issues. He is currently working in the fields of applied research, market regulation and financial problem-solving. These are finding new applications outside the business sector and in academia.
Germán Rodríguez Moreno
Assistant Professor of Islamic Law at IE
University and Islamic Finance at IE Business School, both in Madrid,
and the Universidad Internacional de Andalucía, based in Seville. He is
also a member of the editorial board of Revival Press (Legal
Transformation in Muslim Societies), in the United Kingdom. An expert on
zakat (required tithing), takaful (Islamic insurance) and waqf (Islamic
trusts), he has given classes on takaful in Riyadh and Paris, as well
as taking part in international conferences in Istanbul, Seville and
Valencia as a speaker. An English attorney (solicitor) with 20 years of
experience in the financial sector, he worked for City of London firms
and the largest British insurer in the world, mainly in the field of
M&A. In addition to his Law studies, he holds a bachelor’s degree in
Political Science and a Master’s degree in Political Science from the
University of Stirling in Scotland. His most notable recent publications
include: “Islamic Insurance has finally reached Spain” (Actualidad
Aseguradora nº12 - September 12, 2022) and “Can Fintech save Takaful: A
Case Study” (Islamic Fintech, Routledge 2021).