This course introduces participants to the fundamentals of Islamic finance and banking. It provides a detailed working knowledge of Islamic banking and finance operations helping participants to understand how the principles of Islamic finance differ from conventional banking.
Course length: 2 x half days (Friday, 2 x 1 full day (Saturday)
The course starts with the overview of the key differences between conventional banking and Islamic banking. It then covers the distinguishing features of Islamic finance including the essentials of partnership based modes (Musharakah and Mudarabah), the features of trade based modes (Murabaha) and forward sales including Salam and Istisna’a. The course also covers lease (Ijarah) based modes and the hybrid of partnership and lease (diminishing Musharakah).
The course assumes no previous knowledge of Islamic studies but participants should have a background in business economics or management studies related areas such as law, finance, banking and accounting.
The course aims to provide delegates with the skills and knowledge to critically analyse and evaluate:
•The underlying principles and concepts relating to Islamic Finance and Banking operations
•The key differences between conventional banking and Islamic banking.
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