Islamic Banking & Finance (Basic to Advance)
About Course
This course provides you the skills essential for careers in Islamic banking, finance, and related sectors, with a deep understanding of both theory and practical applications. practical insights into applying Islamic finance principles in real-world scenarios, especially in the context of financial institutions.
WHAT WILL YOU LEARN?
In beginner module you will be learning following foundational concepts:
- Principles that govern the Islamic economic framework.
- Factors that drive economic activity in Islamic societies.
- Objectives and methods of wealth distribution according to Islamic teachings.
- The Quranic and Hadith-based prohibitions on usury (Riba) and its various types.
- Fundamental contracts in Islamic finance, ensuring a grasp of their legal and ethical implications.
- Sales Transactions: Delve into valid sales, Khiyars (options), and specific types of sales like Murabaha, salaam, Istisna, and Istijrar.
In intermediate module you will be learning Advanced Islamic Financial Instruments in detail.
- Understanding various partnership models such as Musharakah, Mudarabah, and Diminishing Musharakah.
- Specific Islamic banking products like Ijarah, Ijarah Wa Iqtina, Tawarruq, and their applications.
In advanced module you will be learning about Islamic Banking and Finance Operations:
- Comparing the Islamic banking framework with conventional banks, understanding the unique features and differences.
- Banking operations related to deposits, project financing, working capital financing, import and export financing.
- The intricacies of treasury operations in Islamic banks, including securitization and investment funds.
- Risk management in Islamic banking and evaluate its prudence from a risk management perspective.
- The principle of limited liability, Shariah audit, and compliance for Islamic financial institutions.
- Understanding the concept of Takaful (Islamic insurance), and its principles.
- Mechanisms of guarantees and pledges in Islamic finance.
- The ability to critically evaluate the prudence of Islamic banks, considering both their ethical foundations and risk management practices.
Course Content
Islamic Contracts
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Islamic contracts ( English)
14:59 -
Islamic Law of Contract by Dr. Imran Ashraf Usmani
27:48 -
Quiz on Islamic contracts
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Assignment on Islamic Contract
Musharakah
Diminishing Musharakah
Mudarabah
Murabaha
Ijarah
Salam and Istisna
RIBA
Sale
Takaful
Import & Export Financing
Islamic Investment funds
Sukuk
Treasury & Investment Management in IFIs
Final Exam
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