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Introduction to Islamic Economics and Finance
Highest Rated
Rating: 4.7 out of 5(703 ratings)
3,398 students

Introduction to Islamic Economics and Finance

Learn one of the Fastest Growing Niches in Economics and Finance, and Understand how Islamic Financial Instruments work
Highest Rated
Created byTimur Kazantsev, Waqf Fund
Last updated 11/2019
English
EnglishIndonesian [Auto],

What you'll learn

  • 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
  • Learn the history of Islamic finance

Course content

6 sections • 16 lectures • 56m total length

  • Introduction3:53

    Explore how Islamic finance uses asset-backed, profit-and-loss sharing models, avoids fixed interest, and adheres to ethical principles, contrasting with traditional lending.

Requirements

  • No prior knowledge is required

Description

Although Islamic finance is a relatively small player in global terms, most analysts agree that it has been growing in the last decades at a rate of between 15% and 20% and shows no sign of reducing in the short to medium term. This continued growth has been supported by the actions of many governments around the world, including the UK, Germany, the USA, and Luxembourg, not to say Dubai and Malaysia, keen to see the development of this alternative financial system. 

Islamic finance is in some ways similar to the traditional financial system, yet it uses different mechanisms which in difficult financial times prove to be more viable in comparison to conventional banking. 

Take this short course to learn the fundamental differences between the conventional banking and Islamic finance and get acquainted with the most common modes of Islamic financing in more detail.

Shall you have more questions, the Waqf Fund, co-author of the course, will be happy to answer in the comments section. 

As all Udemy courses, Introduction to Islamic finance has also a 30-day no-questions refund policy, so you do not risk anything. After the completion of the course, students will receive Udemy certificate.

*** 

April 2018. 

Added a lecture on Islamic bonds - Sukuk. Global airlines such as Emirates and Etihad, to name but a few, have already attracted investments in billions US dollars via sukuk in the recent years as the market of sukuk continues to grow.

Added the final test to check what you have learned during the course.


Who this course is for:

  • Students interested in understanding the difference between conventional (traditional) and Islamic banking
  • Anyone who is interested in how the global financial system is functioning

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