Uni

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eExecutive MasterPrinciples and Practicesof Islamic Finance

Engage Your Values.Come to Ethics.

www.fi nanceislamique.dauphine.fr

RESEARCH UNIVERSITY PARIS

Training objectives

To understand and master the concepts and techniques used to structure products in Islamic Finance that match investor’s needs for performance while remaining consistent with their system of values and ethics.

Training benefi ts

Future graduates will benefi t from a unique university executive master specialized in Islamic fi nance, based on the interaction between conventional and Islamic fi nance.

Who is concerned?

This executive masters is designed to train professionals and students who will eiher work in the Islamic fi nance industry, or in non-Islamic institutions that interact with Islamic fi nancial institutions and need talent to that end.

The Paris-Dauphine Islamic Finance Executive Master is a leading degree in the discipline and aims at training eager students and professionals in the ways of banking, insurance and capital markets and other skills demanded by islamic fi nancial institutions.

Why Paris-Dauphine University ?

w World-wide acknowledged expertise in Economics/Mathematics w One of the TOP 5 business school in France (eduniversal-ranking 2014)w First french University to be EQUIS accredited w Member of the “Conférences des Grandes Ecoles” associationw Paris Dauphine University is also part of the PSL network, “Paris Sciences et Lettres”

Vision & Objectives

This Masters is a complete higher educational program as it provides a thorough learning experience with all pre-requisite and complementary classes being offered. Therefore, a new and innovative approach has been developed in the framework of this program to help fi nance students and professionals alike to broaden their horizons and acquire the necessary techniques to thrive in the industry.This is best illustrated by the introduction of social sciences and islamic law modules in the curriculum. As mentionned previously, the program is comprehensive in the sense that it encompasses fi elds ranging from political science to fi nancial structuring making it a unique and enriching degree for students.

Entry requirements

Individuals with the following eligibility criteria may apply:

w For active employees holding a bachelor degree (Bac + 4) w For Managers from public or private sectorsw For Students holding a fi rst year Masters (in Management, Economy, Law, Computer Science, Mathematics...)

The quality of professional experience can be taken into account, to accept students who do not hold a bachelor degree but do have relevant professional experience.

Career opportunities

Graduates of the Islamic Finance Executive Master may decide to engage into a career in a number of fi elds, such as credit institutions, asset management, retail banking, investment banking, private banking, insurance, law fi rms and venture capital companies…

A quality management

Some prestigious institutions are involved in the program

Pedagogy

The degree consists of:

w Lectures organized around 5 modules. (80 hours per module)w Workshops presenting future challenges with the participation of leading actors of the global Islamic finance industry. w The elaboration of a thesis monitored by a tutor. w A final examw Extra curricular projects in Islamic Finance: w Road show (optional): to the main Islamic financial hubs (GCC zone, Malaysia,...), w Conferences, workshops organized with the Research center in Islamic Economics & Finance…

Course languages: French and EnglishDuration of the course: 420 hoursThe courses are held each Fridays and Saturdays from September to JuneCourse location: Paris-Dauphine University (the adress on the back cover of this brochure)

Academic calendar

Overview of the Programme

Module 1: Fundamentals of Financew Financial theory, and Banking Theoryw Financial Engineeringw Corporate Financew International Finance w Social Impact Financew SRI Finance

Module 2: International Context of Islamic Financew History of Religions w Geopolitics of the Arab worldw Islamic finance in Domestic and external legal frameworks w Philosophical, political and sociological stakes of Islamic financew Civil Law and common law and Arbitragew Marketing and Communication of islamic financial institutions

Module 3: Conceptual Approaches of financial transactions in Islam : The Study of islamic Business Law w Islamic Thoughtw Sources and objectives of Islamic Business laww Theories and Applications of Islamic Business Law

Module 4: Islamic Banking, takaful (insurance) and Islamic Capital Marketsw International Capital markets: An analysis of the major islamic markets and islamic financial productsw Islamic Banking: Retail and Investment w Banking management: Risks and liquidity of the islamic banking industry w Insurance: a comparative analysis of Takaful (Products and Management)w Governance, Auditing and Accounting standards (AAOIFI, IFSB)

Module 5: Islamic Financial Structuring w Structuring islamic financial Products: Sukuk and others structured products based on case studiesw Islamic financial Innovations w Islamic Asset managementw Treasury managementw Islamic IT solutions w Legal structuringw Audit, Financial analysis and evaluation

Thesis, « Grand Oral » and Projectsw Dissertation and research Methodsw Grand Oralw Islamic Finance Strategic projects

Selection of the applicants

The selection process stems from the following elements:

w Application (CV, cover letter, recommendation letters …)

w Jury interviews

w English assessment test

How to apply

Visit the website: www.financeislamique.dauphine.fr to get the application form or refer to the back cover of this brochure for full contact details.

Tuition Fees

w For executive education students benefiting from institutional funding*: 13 000 €

w For students in initial training or with a professionalization contract: 6 000 €

* For students of executive education students with personal financing please contact us

Supporting partners

Paris-Dauphine University has built strong partnerships in order to sustain its well-known reputation in the fi eld of Islamic Finance.

Some of them are

Actions & Partnership

A Strategic Partner For Islamic Finance in France

«Diversify and consolidate a network of professionals involved in actions to develop and promote this fi nance are essential for the future development of

this industry.» The Director of the Executive Master, Kader Merbouh

w Extend our professional network - Partners The Paris-Dauphine University has forged a strong link between institutions, companies and future graduates. We offer a large range of partnerships and tailored to institutions and companies to meet their recruitment needs or education or development missions.Dauphine graduates have an impressive network in Islamic Finance in France, Middle East, South East Asia and Africa with graduates working in all these territories. This network is a chance to have a global overview of Islamic Finance worldwide.

w Organize visibility - Conferences Since its creation in 2009, our masters has organized several conferences and executive panels to promote Islamic Finance. More than 30 conferences were organized in France and abroad (Morocco, Algeria, Dubaï..) in partnership with leading institutions. Some conferences held were very symbolic, in 2013, Swiss Life Group chose Dauphine University for the launching conference of the fi rst Takaful product in France.In 2014, the Chairman of the leading Asset Manager “La Francaise Asset Management” that had unveiled the 1st French OPCI with Kuwait Finance House.Dauphine conferences enjoy a well-established reputation and trust for fi nancial institutions in French Speaking Countries.*OPCI:property investment mutual funds

w Develop international immersion - Annual RoadshowStudents also organise each year an academic trip to one of the Islamic Finance hubs (South East Asia or Gulf) to enable graduates to experience the reality of the industry in a non-French environment and to meet experts from the industry. It is also an opportunity to assist the development of Islamic fi nance in France as these hubs are home to many best practices Islamic fi nance institutions.

Conference organized by students in partnership with the DIEDC, Dubaï Islamic Economy Centre, May 2014 in Dubaï Hamdan Bin Mohammed

Smart University with the CEO of the DIEDC

Beyond the Executive Master…

The Paris-Dauphine University a dynamic and strategic partner in the service of islamic fi nance industry

« Dauphine is open on the economy and the business: its courses are professionalizing and are renewed regularly to be adapt with changes; it hosts many professionals among its teachers

and cultivates close relationships with the companies.» Laurent Batsh, President of Paris-Dauphine University

Supporting «Business» Dauphine’s long-standing relationship with the corporate world is characterized by the depth of the partnerships developed over the years. Many institutions are very close to the University and have chosen it as a Partner for their business development issues: Consulting Projects for Companies (CPC), Studies, Research & Implementation (Chaabi, SwissLife, VitisLife, AFD, EPADESA and many others institutions)

Supporting and advising institutionalsw OECDThe program ISMED OECD-MENA * launched a task force on Islamic fi nance to attract more investments and increase private sector participation in infrastructure projects in the Mediterranean area.The task force is led by representatives from Paris-Dauphine University with Vice President of International Affairs Arnaud Raynouard and the Director of the Executive Master and professionals who are involved in the Executive Master program.*Organization for Economic Cooperation and Development

w EUROPLACEParis EUROPLACE is the organization in charge of promoting and developing the Paris fi nancial marketplace. It brings together and represents a great variety of players active in the fi nancial industry: issuers, investors, banks, insurance companies and fi nancial intermediaries, whether they are French or non-French entities. As a privileged intermediary with the European and French authorities with which it maintains an ongoing and constructive dialogue. M. Kader Merbouh, Director of the Master is the special adviser on Islamic fi nance for Paris Europlace.

Publishing, Media coverage and PressThe Executive Master’s students are very active in the publication in Islamic fi nance. They publish their annual review of Islamic Finance in French and English and regularly publish articles on specialized media platforms in Islamic Finance such as «Business Islamica», «Islamic Finance News» or «lafi nanceislamique.com» and appear regularly in the media and magazine in France (Le Monde, France 24, Canal+, ...).

For more information about press releases, articles and other publications, visit www.fi nanceislamique.dauphine.fr

In their own words

Dalal ASSOULISenior Associate Origination and Structuring- The International Islamic Liquidity Management Corporation (IILM) KUALA LUMPUR - Executive Master in 2010« ….The Master offers a great opportunity for professio-nals and students who are interested in Islamic fi nance to directly interact with glo-bal market professionals form various leading institutions. Following the master, I joined the origination and structu-ring team of the International Islamic Liquidity Management corporation (the IILM) in Kua-la Lumpur. »

Anas BELKHADIR Head of Islamic Finance Development – North & Sub-Saharan Africa - BNP PARIBAS, International Retail Banking, Paris (FRANCE) - Executive Master in 2014« …In order to strengthen my knowledge, I decided to follow the Executive Master in Islamic Finance from Paris-Dauphine University. I had the opportunity to enrich my knowledge and skills but es-pecially to meet recognized professionals in the world from the Islamic Finance in-dustry in Europe, the Middle East and North Africa. The Executive Master of Dauphine in my view is a unique oppor-tunity to develop expertise in the quality of training and stakeholders. This Masters defi nitely helped me to suc-cessfully meet the challenges in link with my professional function… »

To discover more in-depth interviews and all previous and future Student association’s actions “Ethics and Islamic Finance Association (EIFA)”, please visit our website www.financeislamique.dauphine.fr

The think tank (Ethink)

The alumni network serves more than 200 graduates around the world with some of them who establish a successful career in the major Islamic fi nancial institutions, through their experience «Paris-Dauphine.» This network facilitates friendship and business connections, and is at the heart of the purpose of the association. Our former members propose within this association a wide range of benefi ts.

Contact our dedicated alumni team for more information Email: fi nanceislamique@dauphine.fr Visit: www.fi nanceislamique.dauphine.fr

Heads of the Program

Kader MerbouhKaouther Jouaber-SnoussiAnouar Hassoune

Contact

Course AssistantTel. : 01 44 05 40 03Port. : 06 59 20 31 42 fi nanceislamique@dauphine.fr

Executive Master in Islamic Finance Université Paris-DauphinePlace du Maré chal de Lattre de tassigny75775 Paris Cedex 16

LinkedIn : Executive Master in Islamic Finance – Paris-dauphine university

Facebook : @Ethics & Islamic Finance Association

Twitter : #Paris-DauphineUniv.@MSc_IslamicBank

Viadeo : Les étudiants en Finance Islamique

Find us also on the Dauphine executive education website :www.formation-continue.dauphine.fr

www.fi nanceislamique.dauphine.fr

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«The Dauphine «Islamic Finance Programme » was launched in several places around the world

and is now an international reference.»

The Vice President of International Affairs, Arnaud Raynouard

PRINCIPES ET PRATIQUESEXECUTIVE MASTER

DE LA FINANCE ISLAMIQUE