Islamic Banking 101: The Essentials for Beginners

Delve into Islamic finance and ethical banking

This three-week course will ensure you understand the foundational principles that differentiate Islamic banking from conventional banking systems.

You’ll become familiar with key Islamic financial products such as Murabahah, Ijarah, and Tawarruq and their practical applications.

By the end, you’ll have elevated financial literacy and be able to foster ethical banking practices. Moreover, you’ll have networking opportunities within the Islamic banking community.

Gain a solid introduction to Islamic banking

You’ll begin by exploring the fundamental aspects of Islamic banking including the principles and objectives that underpin this financial system.

By engaging with the course materials, you’ll develop a solid foundation in the Islamic financial system and its governance framework.

Delve into Shariah principles

Next, you’ll delve deeper into the Shariah principles that guide Islamic banking practices.

You’ll examine underlying Shariah contracts and their relevance to banking, enhancing your understanding of Islamic contracts and their operational processes.

Through interactive materials, you will analyse the pillars of these contracts and become familiar with the legal and transaction documents associated with them.

Discover Islamic banking products with INCEIF

As you progress, you’ll engage with a variety of Islamic banking products and services. This will allow you to explore their applications and implications within the financial sector.

Learning from the experts at INCEIF, you’ll finish the course able to define the core principles of Islamic banking, navigate its complexities, and contribute positively to its advancement.

This course is designed for anyone interested in learning more about Islamic banking.

You could be a policymaker, working in financial institutions or a postgraduate student.

This course is designed for anyone interested in learning more about Islamic banking.

You could be a policymaker, working in financial institutions or a postgraduate student.

• Explain the core principles of Islamic banking, including essential elements and prohibited practices in its application.
• Apply a foundational understanding of Islamic banking contracts in legal documentation, transactions, calculations, and overall operational processes.
• Evaluate Shariah contracts commonly used in both deposit and financing products, fostering critical thinking skills and promoting an in-depth understanding of Islamic banking practices.