Islamic Finance and Banking Event, 02.Feb.2025

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