Course Highlights
  • This course is designed to get you an insight into the core concepts of Islamic finance, one of the fastest growing segment of the global finance industry.
Curriculum

10 Topics
Introduction to instructor – Almir Colan
What is Islamic Finance?
Demand for fair and just system
Upper hand
Business lessons from Madinah
Islamic Perspective on wealth
Functions of money
The right balance
Growth of Islamic finance industry
Historical context

9 Topics
What is Shariah?
Sources of Islamic law
Actions in Islam
What is a contract?
Common elements of a contract
Types of transactions
Ownership categories
Classification of contracts
Contract Conditions

8 Topics
Prohibition of Interest (Riba)
Types of Riba
Difference in Islamic and Conventional Banks
3 Rules by Imam Nawavi
Examples of Riba (interest) in different transactions
Wisdom behind Prohibition of Riba (interest) - Case study GFC
Prohibition of Gharar (Excessive Risk)
Case study: Islamic Insurance (Takaful)

7 Topics
Modes of Islamic financing
Equity partnership joint venture (Musharaka)
Investment Partnership (Mudaraba) & Banking
Leasing (Ijarah) & Leasing vs Sale
Cost plus sale (Murabahah)
Choosing an Islamic Product
Housing Finance

5 Topics
Role of Independent Sharia Boards
Global Regulatory Environment
Law Shairah & Business
Next step
Close & Feedback

1 Topic
Quiz

1 Topic
Responsible Ethical Finance: An Islamic Perspective (article)

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Islamic Finance - A Brief Introduction

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