Islamic Banking and Finance Practitioner (level 1)
This course discusses fundamentals of Islamic Finance, Liability Products of Islamic Banks, Asset Products of Islamic Banks and Service-Based Products in Islamic Banks.
This course is aimed at equipping learners with skills of Islamic Banking. You are neither required to be well versed in Islam nor Islamic finance, neither are you required to be professing the Islamic faith to take this course. The main focus areas of the course are: (1) Fundamentals of Islamic Finance (2) Liability Products of Islamic Banks (3) Asset Products of Islamic Banks (4) Service-Based Products in Islamic Banks.
Module 1: Fundamentals of Islamic Finance
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1
OverviewThe lesson gives a general overview of the Islamic Financial System.
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2
Key terms
The lesson gives definitions of common terms that are used in this course.
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3
Meaning of Shari'ah and its Sources
The lesson defines Shari'ah and its primary & secondary sources.
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4
Quiz on Sources of Shari'ahThe quiz tests learners understanding on sources of Shari'ah -
5
The Shari'ah Framework
The lesson discusses the Shari'ah framework including the two legs of Shari'ah, ie the Ahkam and the Maqasid.
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6
Quiz on Shari'ah frameworkThe quiz tests Shari'ah framework
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7
History of Islamic Finance
This section focusses on Islamic finance and its history.
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8
Salient features of Islamic Finance
The lesson focuses on salient features (principles) of Islamic banking which aim to create interest-free, asset-backed, ethical, sustainable, economically viable, environmentally and socially-responsible banking services that promote participation and risk sharing in commercial transactions and connects the banking sector with the real economy, emphasising on fairness, social welfare, and shared prosperity.
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9
Quiz on salient features of Islamic financeThe quiz tests salient features of Islamic finance
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10
Difference between Islamic Finance and Conventional finance
The lesson discusses differences between Islamic finance and convensational finance
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11
Quiz on differences between Islamic Banking and conventional BankingThe quiz tests differences between Islamic finance and conventional finance
Module 2: Asset products of Islamic Financial Institutions
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12
Overview
This section gives an overview of the module.
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13
Key terms
This section defines key terminologies used in this module.
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14
Equity based Shari'ah contracts of Asset products
This section explains Equity based Shari'ah contracts of Asset products.
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15
Lease based Shari'ah contracts of Asset products
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16
Hybrid Based Shari'ah contracts of Asset Products
This lesson discusses hybrid Shari'ah contracts which underly some asset products.
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17
Sale Based Shari'ah contracts of Asset Products
Module 3: Liability and Service Products in Islamic Financial Institutions
End Course examination
