- Self-paced
- Free Access
- Fee-based Certificate
Islamic Finance and Banking: Modes of Finance
- 4 Sequences
- Introductive Level
Course details
Syllabus
Week 1 - A Framework for the Islamic Financial System-Part 3
Introductory overview of Islamic finance and banking
- Leasing or Ijarah Contracts
- Conventional vs Islamic Leasing
- Issues in Modern Ijarah Contracts
- The Concept of Ijarah Sukuk
- Deferred Delivery or Salam Contracts
- The Istisna‘a Contract
- The Istijrar Contract
Week 2 - A Framework for the Islamic Financial System-Part 4
Introduction
- Shirkah and its Two Categories
- The Concept of Mudarabah
- The Concept of Musharakah
- The Wadiah Wad Dhamanah Deposit
- The Qard-ul-Hasan Deposit
- The Concept of Wakalah (Agency)
- The Concept of a Tawarruq Contract
- The Concept of a Ju’alah Contract
Week 3 - Islamic Banking System and its Financial Products
Introduction
- Financial Intermediaries: Their Three Main Functions
- Intermediation Contracts Permitted by the Sharī‘ah
- Trust-based Intermediation Contracts
- Security-Based Intermediation Contracts
- Business Models for Islamic Financial Institutions (IFIs)
- Theoretical Perspective of an IFI’s Balance Sheet
- Categories of IFIs
Week 4 - Controversial Financing and Fee-based Products
Introduction
- Bai’ al-Einah (Repurchase)
- Bai’ al-Dayn (Bill Discounting)
- Tawarruq
- The Use of Wakalah to Provide a Letter of Credit
- The Use of Kafalah to Provide a Letter of Guarantee
- Other Fee-based Services
Prerequisite
Instructors
Ahmed Iskanderani
Former Director, Islamic Finance Capacity Development
The Islamic Research and Training Institute
Yahya Aleem ur Rehman
Lead Islamic Finance Specialist
Islamic Development Bank Group
Khalifa M. Ali Hassanain
Senior Economist
The Islamic Research and Training Institute
Abdullahi Mohamed
Shari’ah (Islamic Law) expert
Azmi Omar
Former Director General
The Islamic Research and Training Institute
Sami I. Al-Suwailem
IRTI Acting Director General and Head of Financial Product Development Center
Islamic Development Bank
Conor Damien Murphy
Former Manager, Corporate Audit Division, Group Internal Audit Department
Islamic Development Bank
Abdul Ghafar Ismail
Former Head of Research Division
Islamic Research and Training Institute
Turkhan Ali Abdul Manap
Senior Economist
Islamic Research and Training Institute
Editor
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