Islamic Banking is banking that is complaint with the Sharia, with consideration for the development of Islam economies. A modification of conventional banking practices, Islamic banking also aims to the make money by lending out capital. Some of the activities of conventional banking, however, have been omitted from Islamic Banking.
In this introductory course, students shall be learning about the principles of Islamic banking: profit sharing (Mudharabah), safekeeping (Wadiah), joint venture (Musharakah), cost plus (Murabahah), and leasing (Ijar). Students shall also learn the principles of ethical investing and moral purchasing. Finally, students taking this course shall be introduced to Islamic laws of trading, which also abides by the laws of the Qu'ran.
- Unit 1 - Introduction
- Unit 2 - What is Takaful?
- Unit 3 - Islamic Banking Products
- Unit 4 - Ijarah - What is Ijarah?
- Unit 5 - Islamic Securitisation
- Unit 6 - Trends in Islamic Banking
- Unit 7 - Practices
- Unit 8 - Common Financial Systems Used in Islamic Banking
- Unit 9 - I.T Projects in Islamic Banking
- Unit 10 - Terms Commonly Used
- Unit 11 - The Future in Islamic Finance