Introduction to Islamic banking and finance : level 1
Instruction Language
English
Country
Bahrain
English Abstract
The introduction to Islamic banking and finance-PART 1 course is the first course of a three-part series that provides a thorough explanation on the fundamental principles of various key aspects in Islamic banking and finance.
This includes a discussion on the current Islamic banking landscape, the authorities of interpretation, the key Islamic nominate contracts applied in the industry, and a review of some of the widely used products in the Islamic banking and finance industry.
This course is suitable for individuals who would like to delve deeper into the area of Islamic banking and finance, and is an ideal pre-requisite for other Islamic finance-related specialised courses offered by BIBF.
Program Duration
25
Objectives
- Upon successful completion of this course, participants will be able to : -Explain the history of Islamic banking and finance and its current situation today, and identify key growth drivers that will mould its future. -Discuss the various sources of the Shariah and its authorities of interpretation, explaining its foundational relationship to Islamic economics, banking and finance. -Analyse the key features of Islamic economics, banking and finance in comparison to their conventional equivalents. -Identify various contemporary commercial Islamic nominate contracts : their definition, philosophy, types, legal foundations, and application. -Compare and contrast a selection of modern Islamic banking products with conventional banking products and analyse which of those that are more in line with the spirits of Shariah. This course is aimed at individuals who are interested in a career in the area of Islamic banking and finance, or have recently started their career in this field. It is also recommended as a refresher course for those already acquainted with Islamic banking and finance as it covers a multitude of selected areas in the field and discusses the current issues facing the industry.
Certificate / Course Program
-The evolution of Islamic banking and finance : past, present, and future. -A recap on Islamic economics and its fundamental principles. -The sources of Islamic law and Islamic commercial jurisprudence. -Authorities of interpretation in Islamic banking and finance. -The negative elements of transactions. -The Islamic nominate contracts : Basic principles and application of Murabahah, Tawarruq, Salam, Istisna’, Ijarah, Mudharabah, and Musharakah. -Case studies.
Main Subjects
Financial and Accounting Sciences
Islamic Studies
Topics
Data Type
Training Courses
Record ID
BIM-727116
