Basics of Islamic Finance

Basics of Islamic Finance

Basics of Islamic finance course gives learners a thorough introduction to the concepts, instruments and financial institutions as foundation course to understand the world of Islamic finance.

Basics of Islamic finance course begins with the basic introduction to Islamic finance, industry, history and reason for the existence of Islamic finance. Learners then introduced to the Islamic financial instruments and Islamic banking. Next, the learners investigate about Islamic capital market, Islamic bond and Islamic insurance. At the end of this course, the learners will get a  comprehensive understanding of Islamic finance industry as beginner.

The course will help the learners who want to get know about Islamic finance industry, start a course in Islamic finance in undergraduate and masters level. Further, this course also help the finance professionals in traditional finance industry to know about Islamic finance industry.

Note : This course has been prepared according to Accounting, auditing and Sharia Standards of  AAOIFI(Accounting and Auditing Organization for Islamic Financial Institution). AAOIFI is Bahrain based international standard setting organization for Islamic financial institution. Most of the Islamic financial institutions follow AAOIFI standard when preparing and auditing their financial statements. Sharia standards of AAOIFI are used to structure Islamic financial products. The instructor is a fellow member of AAOIFI and also a Certified Sharia Advisor and Auditor of AAOIFI.

Syllabus

1. Basics of Islamic finance

2. History of Islamic finance

3. Islamic Commercial Law

4. Islamic finance instruments

5. Islamic banking

6. Islamic Capital Market (ICM)

7. Islamic bond - Sukuk

8. Islamic Insurance - Takaful

Case studies 6

Guideline materials 3

Islamic Finance, Islamic banking, Sukuk, ethical investment, Islamic insurance (takaful) and Islamic commercial law

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What you will learn

• Understand basics of Islamic finance, banking, capital market, insurance and corporate governance.
• Be able differentiate conventional and Islamic finance
• Identify the Islamic finance products and contracts

Rating: 3.65

Level: All Levels

Duration: 1.5 hours

Instructor: Dr Faleel Jamaldeen