The Complete Course of Islamic Banking And Finance Course
Corporate Finance, Banking and Auditing
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The Complete Course of Islamic Banking And Finance Course
Course Overview:
The course on Islamic Banking and Finance aims at providing the participants with extensive knowledge on the essential principles and practices of Islamic finance.
It examines relevant issues for instance the ban on riba (interest), Islamic economics, and the differences between conventional and Islamic banking systems. Such participants will study Islamic modes of finance including Murabaha, Musharakah, and Ijarah, as well as Takaful and microfinance.
The course addresses the issues of Shariah governance, Shariah compliance and Shariah audits, as well as the practice of Islamic finance in the context of banking and other finance problems.
This course builds the ability of both bankers and finance practitioners as well as general clients to operate in both modes of Islamic and conventional banking systems.
Course Objectives:
By the end of the complete Course of Islamic Banking And Finance training Course, participants will be able to:
- Understand the definition of riba as per classical texts
- Understand the main principles and terms of Islamic finance
- Compare and contrast between Conventional (western) and Islamic finance
- Be able to distinguish between various Islamic financial products
- Learn the volume and figures of Islamic financial market
- Identify whether riba is present or not in any given banking transaction.
- Understand the ways in which Islamic banks avoid riba in their daily financial transactions.
- Realize the difference between balance sheets of Islamic and conventional banks.
- Understand and respond to the doubts raised on Islamic financial systems.
Who Should Attend?
The complete Course of Islamic Banking and Finance is ideal for:
- Bankers
- Finance professionals
- General people or customers dealing with Banks
- Customers of Islamic Banks
- Islamic Finance Critics
- Central Bankers
- Both beginners and those with a good understanding of Islamic finance.
Course Outlines:
Islamic Economics – Key Principles
- Defining Islamic Economics
- Introduction to Islamic Economics
- Key Principles
- Islamic Economics and Muslim Countries
- The economic philosophy of Islam vis-a-vis Interest
Capitalism, Socialism, Communism And Islamic Economics System
- Key Distinguishing Features
- Distribution of Wealth – Key Objectives in Islam
- Islamic perspective of distribution of wealth
- Factors of Production in Islam
- The Capitalist, Socialist and Communist Views
- Socialism and Islam
- Capitalism and Islam
- Communism and Islam
- Islamic Economics System
Major Prohibitions and Key Principles
- Prohibition of Riba in the Quran and Sunnah
- Riba and its Types
- Definition of Riba (Interest & Usury)
- Classification of Riba
- Riba An Nasiyah
- Riba Al Fadl
- Commercial Interest and Usury
- Simple and Compound Interest
- Formulation of Gharar (uncertainty) and Maysir (chance and gambling)
Islamic Contract and Valid Sale Agreement
- Key Conditions
- Unilateral Promise (Wa’da)
- Bilateral Promise (Muwa’adah or Muahaidah)
- Contract (Aqd)
- Elements of a valid sale
- Valid SALE
- Void/ Non Existing Sale ( Batil) Sale
- Existing sale but void due to defect (Bai Fasid)
- Valid but disliked sale (Bai Makrooh)
- Types of Sale
- Prohibited Sale Transactions
- Five Options
Conventional Banking System – An Overview
- Key Terms
- Conventional Banking System – History
- Conventional Banking System -How it works
- Key Global Financial Institutions
- Key Sharia Issues
Islamic Banking System – An Overview
- Islamic Banking System – History
- Key Characteristics
- Islamic Banking System -How it works
- Leading Islamic Banks
- Key Shariah Issues
- Islamic banking and conventional banking – A comparison
Islamic Banking and Islamic Financial Modes – Key Contracts
- Islamic Modes of Financing – Key Modes of Financing
- Murabaha
- Musharakah
- Mudharabah
- Ijarah
- Other Modes of Financing
Islamic Stock/Share Market
- Bonds and Islamic Bonds
- Shares and Investment
- Islamic Investment Funds
- Key Shariah Issues
Takaful: Islamic Insurance
- Conventional Insurance
- The Solution: Islamic Cooperative Insurance (Takaful)
- Islamic Insurance Models
- Leading Islamic Insurance Companies
Islamic Micro Finance
- Define Micro Finance
- Islamic Micro Finance – Introduction
- Successful Models
- The Way Forward
Shariah Board, Shariah Audit And Shariah Compliance
- Shariah Governance and Islamic Financial Institutions
- Shariah Board – An Overview
- Shariah Audit and Shariah Compliance – How it works
- AOIFI Sharia Standard – An Overview
- Key Figures & Key Bodies
Banking & Finance In The West – Fatawa & Application
- Key Issues in Banking & Finance
- Business Loans & Overdrafts from an Islamic perspective
- Credit Cards & Cash Back Offers from an Islamic perspective
- Pension Schemes and Provident Funds from an Islamic perspective
- Insurance & Claims in Islam
- Fatawa & Application
