Understanding Islamic Banking for Consumers

Elevate your banking skills by mastering key Islamic finance principles

Understanding consumer needs, including those specific to Islamic banking, is paramount to strong financial management. To do so, however, it’s critical to stay informed about what banking services and products are available to consumers, and how they are changing given the ever-evolving financial industry.

Stay ahead of the curve by joining this five-week course from INCEIF University, where you’ll gain invaluable insights and skills specific to the Islamic banking system. Designed to provide essential knowledge for both customers and business professionals, this course covers key rules, principles, and practices for Shariah-compliant banking.

Understand the frameworks of Islamic finance, from fundraising to business finance to trade

After an introduction to the business life cycle and the legal and ethical framework of Shariah Law, take a closer look at Islamic financial products and services available to consumers.

You’ll learn what consumers expect from financing solutions today, and how Islamic banking solutions and services meet those needs. You’ll also review new financial technologies and their implications for Shariah Law.

Explore financing, risk analysis, and due diligence as it relates to Islamic finance

Examine key Shariah-compliant financial processes, including credit, risk analysis, and due diligence. You’ll learn what differentiates Islamic financial products and processes, and how these can protect consumer interests.

Gain quantitative and qualitative skills in financial evaluation, and understand the role of collateral in financing. By the end of this course, you’ll be equipped to make more informed financial decisions as a consumer and banking professional.

This course is designed for anyone interested in deepening their understanding of Islamic banking practices, including banking professionals, accountants, financial advisers, consultants, bank customers, students, and the general public.

This course is designed for anyone interested in deepening their understanding of Islamic banking practices, including banking professionals, accountants, financial advisers, consultants, bank customers, students, and the general public.

• Discuss how the Worldview of Islam, Maqasid Al Shariah, and Regulatory Requirements and Governing Legal Framework shape the principles and methodologies behind crafting tailored financial solutions within an Islamic framework
• Identify the diverse financial needs of individuals across different lifecycles and lifestyles, enabling them to tailor financial solutions effectively to meet the unique requirements of various types of personal customers
• Describe the basic functions of Islamic banks and the diverse range of Shariah-compliant financial products and services available
• Describe fundamental principles guiding credit and financing decisions, the methodologies employed in the financing decision process, and the intersection of Shariah principles and legal frameworks in financing activities
• Discuss affordability analyses for term financing, applying principles of credit and financing to consumer contexts, understanding credit scoring methodologies, and interpreting credit scoring examples