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Introduction to Islamic Banking
Rating: 3.9 out of 5(51 ratings)
470 students
Last updated 11/2020
English

What you'll learn

  • Understand the basics of Islamic banking
  • Be able differentiate Islamic banking and conventional banking
  • Identify products of Islamic banks
  • Learn the basic terminology used by Islamic banks
  • Describe the functions, sources and uses of funds of Islamic banks
  • List the risks and risk management of Islamic banks

Course content

5 sections28 lectures54m total length
  • What is Islamic Finance1:24

    Islamic banking is an integral part of Islamic finance. Islamic bank is the first sector to emerge from Islamic finance. Therefore it is important to know the basics of Islamic finance and proceed to Islamic banking. This section explain what is Islamic finance and its basic principles.

  • Prohibitions in Islamic Finance7:09

    Islamic banking is based on the basic principles of Islamic finance. The Islamic commercial law prohibits the transactions in a Islamic banks based on the following four

    1. Riba (usury/interest)

    2. Gharar(deception/deceive)

    3. Mysir/Qimar (Gambling or game of chance)

    4. Investment in prohibited industries.


Requirements

  • No

Description

This is course introduces the basics of Islamic banking. Islamic banking has become an important segment of banking industry after establishment of the first Islamic commercial bank, Dubai Islamic bank in 1975. Islamic banking differs from the traditional banking in principles though there are similarities in operations. There are more than 300 Islamic banks are operating in 50+ countries. Conventional banks has opened windows for Islamic banking in UK, middle east and south  Asia. Therefore it is important to know how Islamic banks are different from conventional banks and how do they operate and how do the manage their risk.


Student who complete the course can get a Certificate from Islamic Finance from an accredited British Business School for a cost of $ 50. Please contact the school. International Institute of Islamic Economics and and Finance United Kingdom (IIISEF).


We develop the people to lead the Islamic economy from the world’s Islamic Economy Capital, UAE and UK. International Institute of Islamic Economics and Finance is a premium model Islamic business school based in United Kingdom (UK) and with branches in United Arab Emirates (UAE) and Kingdom of Saudi Arabia with global reach.

Our ambition is to become be a leading Islamic business school in the world offering courses in Islamic banking, Islamic insurance, Islamic capital market, Halal economics, Islamic marketing and Islamic business administration.

The Institute offer diplomas in Islamic banking and finance in 20+ different areas.

The Institute also offers fee waiver for students from developing countries up to 60%.

Please visit the web page of school International Institute of Islamic Economics and Finance or send an email admission@iiisef.com





Who this course is for:

  • Beginner of Islamic banking, bankers working in traditional banks, student in finance & accounting