Course Components

Introduction to Islamic Banking and Finance

• Main principles of Islamic Banking
• Role and sources of Sharia
• History of Islamic Finance
• Functions of Islamic banks & bodies overseeing the industry

Islamic Principles of Exchange

• Islamic teachings relating to business
• Major prohibition
• Rules of exchange
• Validity of a contract
• Accounting treatment for Islamic contracts

Islamic contracts

• Types of contracts
• Wakala
• Mudaraba
• Musharaka
• Murabaha
• Ijara
• Salam
• Wad
• Arbun