Introduction
This economics and finance course will give you an overview of the Islamic financial system. You will learn the core principles and basic models of Islamic finance and establish a framework for understanding this financial system.
Course Objectives of Islamic Finance and Banking
- The core principles of the Islamic financial system
- The various norms and prohibitions that govern activities and contracts in the Islamic financial system
- The differences between the Islamic financial system, its institutions, and the conventional system
- The basic modes of Islamic finance
Islamic Finance and Banking Course Outlines
Day 1
Overview of the Islamic Financial System
- Introduction
- Principles of the Islamic Economic System
- The Roles of Financial Institutions (FIs)
- The Role of Ethics in the Islamic Financial System
- Types of Contracts in Islamic Finance
Day 2
General Principle
- Introduction
- The Basic Norms of the Islamic Financial System
- Norms Relating to Profit
- Norms Relating to Mutual Cooperation
Day3 and Day 4
A Framework for the Islamic Financial System—Part 1
- Introduction
- The Strategic Role of Financial Institutions in Society
- Primary Characteristics of the Islamic Financial System
- Basic Operations of an Islamic Bank
- Two Approaches for Returns in Islamic Banking
- Profit/Loss Approach in Islamic Banking
- Islamic Investment Banking
Day 5
A Framework for the Islamic Financial System-Part 2
- Introduction
- Concept and Conditions of a Bai’ Mu’ajjal (Credit Sale)
- Murabaha Sale and Structure
- Murabaha to Purchase Orderer
Credits: 5 credit per day
Course Mode: full-time
Provider: Blackbird Training Centre
