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FINANCIAL MARKET COURSES

Islamic Banking & Finance - Financial Instruments

Islamic financial instruments are shari'a-compliant deposit and investment products that are based on classical nominate contracts. These contracts are sufficiently flexible to cover many contemporary requirements. The market for Islamic financing products is dominated by banks, who engage in transactions that are based on real economic activity. Products that are haram (forbidden in Islam) are not offered.

This course looks at the key types of deposit and investment product offered by Islamic banks and examines the challenges faced by these banks as the market matures.

  • OBJECTIVES

    On completion of this course, you will be able to:

    Describe the types of contract used in Islamic finance

    Outline the main shari'a-compliant deposit and investment products

    Examine the key forms of Islamic financing

    Discuss the main challenges facing Islamic finances

  • COURSE OUTLINE

    Topic 1: Islamic Law of Contract

    Contracts in Islam

    Principles Governing Islamic Contracts

    Nominate Islamic Contracts

    o Participating Contracts

    o Trading / Exchange-Based Contracts

    o Supporting Contracts

    Topic 2: Islamic Banking: Deposits & Investments

    Overview of Islamic Financial Products & Services

    Islamic Deposits & Investments

    o Current Accounts

    o Savings Accounts

    Topic 3: Islamic Banking: Modes of Financing

    Islamic Banking & Financing Activities

    Key Financing Techniques

    o Murabaha

    o Ijara

    o Bai’ Salam

    o Istisna’

    o Mursharaka

    o Sukuk

    Topic 4: The Historical Development of Islamic Finance

    Challenges for the Islamic Finance Industry

    o Regulation

    o Standardization

    o Dispute Resolution

    o Risk Identification & Management

    o Untapped Potential

    o Other Issues

  • PREREQUISITE KNOWLEDGE

  • ESTIMATED COMPLETED TIME

    60 Minutes

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