Islamic Banking and Finance

Course Description
This Islamic Banking & Finance training course, aims at enabling the candidate to deeply understand the Islamic Banking operating system and the concepts of Islamic Finance through participation in class discussions and activities. Market participant candidates are to be well-equipped with an excellent background about Islamic Finance and its innovative products. An introductory background on the related Islamic concepts is offered linking them to the emerging banking and financial issues.

Islamic Banking & Finance is rapidly expanding at a rate of 20% annually. The concept is deeply rooted into the Islamic principles.  The on job and the potential professionals in the related fields are in need of being equipped with a thorough understanding of Islamic Thought in the economic, business and shariah fields, and to have a clear vision about the practical applications in the area of banking and finance which will be of use in daily life and will reinforce her/his present and future career.

Course goals
This course is designed for achieving the following goals:

  • rovide the candidate with related background on economics, banking and Islamic shariah.
  • repare the candidate for work in Islamic banks/financial institutions.
  • quip the candidate with an excellent understanding of Islamic Banking & Finance.
  • repare the candidates to contribute to the development of the Islamic Banks.
  • ncourage the candidate to attend further and intellectually profound studies in this field
  • To encourage the candidate to conduct researches in this field

Who Should Attend?
The course is designed to specifically target:

  • Islamic Bankers
  • Investment and Private Bankers
  • Lawyers
  • Consultants
  • Portfolio Managers
  • Financial Analysts
  • Corporate Financiers
  • Corporate and Commercial Bankers
  • Investment Advisors
  • Regulators
  • Government representatives
  • Insurance specialists
  • Auditors and compliance
  • University Students of Islamic Banking/Finance

Course Description

Basic Islamic Courses

 • Sources of Islamic Shareeah
 • Shooraa
 • Principles of Halaal & Haraam
 • Prohibition of Riba
 • Prohibition of Al´eenah vs Tawarruq
 • Sharikaat (Companies)
 • Main rules of Islamic Finance
 • Zakaah and Charity
 • Moral values and Ethics

Basic Economic Issues From Islamic Perspective

 • The economic Problem (limited resources and unlimited wants)
 • The Three Economic Questions (what, how & for whom to produce)
 • Factors of Production
 • Scarcity Choice and Opportunity Cost
 • Production Possibility Frontier
 • Types of Economic Systems
 • The Circular Flow of Economic Activity
 • Business Cycle

Basic Money & Banking Issues

 • Money
   • Barter
   • Definition of Money and Its Economic Role
   • Functions of money
   • Inflation and Deflation
   • Index Number
   • Quantity Theory of Money
 • Banking
   • Sorts of Banks
   • Commercial Banks and Their Functions
   • How Banks Create Money
   • Liquidity vs. Profitability
   • Central Banks
   • Credit Control
 • The Capital Market
   • Forms of Capital
   • Forms of Financial Markets
   • Capital Market & Investment Decisions
   • Steps of Investment Decision Process

Islamic Banking & Finance

 • Subjects Related to Islamic Banking (Islamic & Other Subjects)
 • Fundamentals of Islamic Banking
 • Historical Background of Islamic Banking
 • Establishment of Islamic Banks
 • How Islamic Banks Operate
 • UAE Islamic Banking Law
 • Sharee´ah Board
 • Mudaraabah
 • Muraabahah and Other Forms of Amaanah Trade
 • Amaanah & Value Added
 • Muraabahah vs Interest Financing
 • Salam Form
 • Istisnaa´ Form
 • Ijaarah Form Accounts Comparison
 • Islamic vs Interest Based Banking
 • Islamic Banking and the Judgment Criteria
 • Islamic Stock Market
 • Problems Facing Islamic Banks
 • Takaaful
 • Sukuk

Each candidate is required to write a project on one of the Islamic Banking topics mentioned in the course outline.  The topic should be selected, written by the candidate under the guidance of the lecturer and presented as per the study plan.All projects shall be presented by each candidate in the classroom and evaluated by the rest.

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