Instructors

Ahmed Iskanderani

Ahmed Iskanderani

Former Director, Islamic Finance Capacity Development, The Islamic Research and Training Institute
Yahya Aleem ur Rehman

Yahya Aleem ur Rehman

Lead Islamic Finance Specialist, The Islamic Research and Training Institute
Khalifa M. Ali Hassanain

Khalifa M. Ali Hassanain

Senior Economist, The Islamic Research and Training Institute
Abdullahi Mohamed

Abdullahi Mohamed

Shari’ah (Islamic Law) expert
Azmi Omar

Azmi Omar

Director General, The Islamic Research and Training Institute
Sami I. Al-Suwailem

Sami I. Al-Suwailem

Head of Financial Product Development Centre, Islamic Development Bank
Conor Damien Murphy

Conor Damien Murphy

Former Manager, Corporate Audit Division, Group Internal Audit Department, Islamic Development Bank
Abdul Ghafar Ismail

Abdul Ghafar Ismail

Former Head of Research Division, Islamic Research and Training Institute
Turkhan Ali Abdul Manap

Turkhan Ali Abdul Manap

Senior Economist, Islamic Research and Training Institute
IITE Institute

IITE Institute

Facilitator

Address

Israac Street, Hamar Jajab District, Benadir

Description

Learn about the foundation and key features of the Islamic financial and banking system.
Provided by the Islamic Training and Research Institute (ITRI)

About this course

This economics and finance course will give you an overview of the Islamic financial system. You will learn the core principles and basic models of Islamic finance and establish a framework for understanding this financial system.

If you are interested in the key features and foundational concepts of the Islamic financial system and institutions, or what distinguishes the Islamic financial system and its institutions from the conventional financial system, this course is for you.

No previous knowledge about Islamic finance is needed, but basic business knowledge is advantageous.

What you’ll learn

  • The core principles of the Islamic financial system.
  • The various norms and prohibitions that govern activities and contracts in the Islamic financial system.
  • The differences between the Islamic financial system, and its institutions, and the conventional system.
  • Some of the basic modes of Islamic finance.

Course Syllabus

An Overview of the Islamic Financial System

  • Introduction
  • Principles of the Islamic Economic System
  • The Roles of Financial Institutions (FIs)
  • The Role of Ethics in the Islamic Financial System
  • Types of Contracts in Islamic Finance

General Principles

  • Introduction
  • The Basic Norms of the Islamic Financial System
  • Norms Relating to Profit
  • Norms Relating to Mutual Cooperation

A Framework for the Islamic Financial System—Part 1

  • Introduction
  • The Strategic Role of Financial Institutions in Society
  • Primary Characteristics of the Islamic Financial System
  • Basic Operations of an Islamic Bank
  • Two Approaches for Returns in Islamic Banking
  • Profit/Loss Approach in Islamic Banking
  • Islamic Investment Banking

A Framework for the Islamic Financial System-Part 2

  • Introduction
  • Concept and Conditions of a Bai’ Mu’ajjal (Credit Sale)
  • Murabaha Sale and Structure
  • Murabaha to Purchase Orderer
Enroll Now

Leave a Reply

Your email address will not be published. Required fields are marked *