Islamic Finance and Banking: Modes of Finance (edX)

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Islamic Finance and Banking: Modes of Finance (edX)
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Islamic Finance and Banking: Modes of Finance (edX)
Learn about the different modes of Islamic Finance and the applications, management and risk involved with each. This Islamic finance and banking course gives an overview of the Islamic modes of finance. In this course, you will learn about Murabaha, Ijarah, Salam, Iistisjna, and Istisjrar modes of finance and their applications, management, the risks involved, and the mitigation measures.

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You will also learn about the nature of Islamic banking systems and categories of Islamic Financial Institutions (IFIs).


What you'll learn:

- Introductory overview of Islamic finance and banking

- Various Islamic modes of finance

- Equity-based and fee-based contracts

- Intermediation contracts in Islamic Finance


Syllabus


Week 1 - A Framework for the Islamic Financial System-Part 3

Introductory overview of Islamic finance and banking

Leasing or Ijarah Contracts

Conventional vs Islamic Leasing

Issues in Modern Ijarah Contracts

The Concept of Ijarah Sukuk

Deferred Delivery or Salam Contracts

The Istisna‘a Contract

The Istijrar Contract


Week 2 - A Framework for the Islamic Financial System-Part 4

Introduction

Shirkah and its Two Categories

The Concept of Mudarabah

The Concept of Musharakah

The Wadiah Wad Dhamanah Deposit

The Qard-ul-Hasan Deposit

The Concept of Wakalah (Agency)

The Concept of a Tawarruq Contract

The Concept of a Ju’alah Contract


Week 3 - Islamic Banking System and its Financial Products

Introduction

Financial Intermediaries: Their Three Main Functions

Intermediation Contracts Permitted by the Sharī‘ah

Trust-based Intermediation Contracts

Security-Based Intermediation Contracts

Business Models for Islamic Financial Institutions (IFIs)

Theoretical Perspective of an IFI’s Balance Sheet

Categories of IFIs


Week 4 - Controversial Financing and Fee-based Products

Introduction

Bai’ al-Einah (Repurchase)

Bai’ al-Dayn (Bill Discounting)

Tawarruq

The Use of Wakalah to Provide a Letter of Credit

The Use of Kafalah to Provide a Letter of Guarantee

Other Fee-based Services



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Course Auditing
41.00 EUR
No previous knowledge is needed.

MOOC List is learner-supported. When you buy through links on our site, we may earn an affiliate commission.