Course Overview

The course serves as a standalone Islamic finance qualification in Islamic banking for those who want more than a basic understanding of the Islamic principles and operating structures applied in banking. Applying Islamic principles that emphasize fairness and justice in commercial transactions of conventional financial markets can pose serious challenges for individuals and Islamic banks.

Course Content

• Module 1: Islamic Economic System
• Introduction to Economic Theories and Islamic Economic System
• The Historical Development of Islamic Banking
• Islamic Commercial law
• The Basic Prohibitions
• Qard and Dayn in Islamic banking
• Principles of Islamic Commercial Contracts
• Islamic law of Sale and Purchase
• Module 2: Modes of Shari’ah-Compliant Transactions
• Introduction to Islamic Modes of finance
• Non-participatory Modes of finance
• Participatory Modes of finance
• Accessory Modes
• Module 3: Islamic Banking Operations
• Key Characteristics of Islamic Banking Operations
• Islamic Retail Banking Services
• Islamic Investment Management Services
• Corporate Banking Services
• Investment Banking in Islamic Banks
• Treasury and International Banking

• Module 4: Governance, Regulation, Accounting Issues in Islamic Banking
• Social Responsibility and Internal Controls
• Regulatory Compliance Functions
• Risk Management in Islamic financial Institutions
• Modern trends in Islamic Banking
• Module 5: Introduction to Islamic Insurance (Takaful)
• Insurance and the Introduction of Takaful
• Takaful and Retakaful

Training Format:

• All materials are made available through our Online Learning Platform
• Students should commit approximately 5-6 hours of their time per week

Materials Provided:

Online delivery of curriculum materials, exercises and templates.

Assignments:

In order to demonstrate their understanding of the course content, students will be required to submit assignments at the end of every month.

Course duration: 6 months

Regions Targeted: Global

Courses Fees: €1000