Mastering Islamic Finance Fundamentals for Profit & Growth

Date & Time:

Friday 22 May 2026, 6PM - 9PM
&
Saturday 23 May 2026, 9AM - 12PM

Admission:

$109 with GST

Location:

ERC Institute
UE Square, 83 Clemenceau Ave #03-06,
Singapore 239920⇲

Trainer's Profile

Raj Mohamad

Founder/MD - Five Pillars Pte Ltd

Raj Mohamad is the Founder and Managing Director of Five Pillars Pte Ltd, a Singapore-based advisory firm specializing in Islamic Banking and Finance. With deep expertise in Shari’ah-compliant financial solutions, he works with global financial institutions, investment funds, and corporations to structure innovative, ethical financing strategies.

Under his leadership, Five Pillars has advised on landmark deals, including Singapore’s first Shari’ah-compliant REIT, and continues to bridge conventional finance with Islamic principles while also pioneering new opportunities in areas such as blockchain and digital assets.

Programme - Day 1

Unlocking a Multi-Trillion Dollar Market

Friday, 22 May

6:00PM – 7:30PM

Theme: Understand the core ethical and profit drivers of this booming sector to build a compelling business case.

Why Islamic Finance Matters Now

● Overview: Market size, growth trajectory, and key players. Differentiating from traditional finance.

The “Rules of the Game”: Foundations of Ethical Restrictions

● Topics: Understanding the logic and rationale behind the key prohibitions. Moving beyond simple rejection to appreciating how these rules protect investors and promote fairness:

○ Prohibition of Interest (Riba)

○ Prohibition of Uncertainty and Gambling (Gharar & Maysir)

○ Ethical Screening of Industries

The Ethical Engine: Key Principles for Sustainable Profit

● Topics: Asset backing, risk sharing, and the connection between finance and the real economy. The importance of the religious supervisory board (Shariah Board).

Q&A and Interactive Scenario

● Discussion on applying these concepts to real-world financial scenarios.

15 Mins Break

Turning Rules into Revenue: The Power of Compliant Contracts

7:45 PM – 9:00 PM

Theme: Shift from prohibitions to permissions, learning the fundamental contracts thatdrive profitability in Islamic finance.

From Interest to Markup: Trade-Based Financing

● Topic: Cost-Plus Financing (Murabahah): The most common Islamic financing contract. How banks buy an asset and sell it to a client at a marked-up price with deferred payments.

Rental and Ownership: Asset-Based Financing

● Topic: Leasing (Ijarah): Financing the use of an asset for a set period. Exploring Lease-to-Own models.

Q&A and Case Study

● A simplified case study comparing a conventional auto loan with an Islamic auto financing structure.

Programme - Day 2

Maximizing Returns through Advanced Structures & Capital Markets

Saturday, 23 May

9:00 AM – 10:30 AM

Theme: Apply key concepts to more complex, high-return areas like corporate financing, investing, and capital markets.

Unleashing Corporate Potential: Partnership & Agency Contracts

● Topics:

○ Profit-and-Loss Sharing (Mudarabah)

○ Joint Venture (Musharakah)

○ Agency (Wakalah)

Unlocking the Capital Markets: Islamic Bonds

● Topic: Islamic Bonds (Sukuk): Why they are not “bonds” but “certificates of ownership” in an underlying asset or project. Key structures (Ijarah-Sukuk, Musharakah-Sukuk).

Q&A and Group Discussion

● Discuss the potential of the Sukuk market for Singapore-based issuers and investors.

15 Mins Break

Digital Assets and Profitable Investing

10:45 AM – 12:00PM

Theme: Learn how to screen and manage investments for clients and understand the Islamic finance perspective on the emerging digital asset market.

Ethical Equity Investing and Shariah Screening

● Topics:

○ Business Activity Screens

○ Financial Ratio Screens

○ The Role of Shariah Indices

Islamic Finance in the Digital Age: Navigating Cryptocurrencies and Digital Assets

● Topics:

○ An Islamic Framework for Digital Assets

○ Shariah Analysis of Cryptocurrencies

○ Permissible Options and Future Directions

Final Wrap-up, Q&A, and Certification

● Reflecting on key takeaways and a path forward. Distribution of Certificates.