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Islamic Finance and Banking

Islamic Research and Training Institute via edX


This economics and finance course will give you an overview of the Islamic financial system. You will learn the core principles and basic models of Islamic finance and establish a framework for understanding this financial system.

If you are interested in the key features and foundational concepts of the Islamic financial system and institutions, or what distinguishes the Islamic financial system and its institutions from the conventional financial system, this course is for you.

No previous knowledge about Islamic finance is needed, but basic business knowledge is advantageous.


<p><strong>An Overview of the Islamic Financial System</strong></p>

<li>Principles of the Islamic Economic System</li>
<li>The Roles of Financial Institutions (FIs)</li>
<li>The Role of Ethics in the Islamic Financial System</li>
<li>Types of Contracts in Islamic Finance</li>

<p>&nbsp;<br />
<strong>General Principles</strong></p>

<li>The Basic Norms of the Islamic Financial System</li>
<li>Norms Relating to Profit</li>
<li>Norms Relating to Mutual Cooperation</li>

<p>&nbsp;<br />
<strong>A Framework for the Islamic Financial System—Part 1</strong></p>

<li>The Strategic Role of Financial Institutions in Society</li>
<li>Primary Characteristics of the Islamic Financial System</li>
<li>Basic Operations of an Islamic Bank</li>
<li>Two Approaches for Returns in Islamic Banking</li>
<li>Profit/Loss Approach in Islamic Banking</li>
<li>Islamic Investment Banking</li>

<p>&nbsp;<br />
<strong>A Framework for the Islamic Financial System-Part 2</strong></p>

<li>Concept and Conditions of a Bai’ Mu’ajjal (Credit Sale)</li>
<li>Murabaha Sale and Structure</li>
<li>Murabaha to Purchase Orderer</li>

Taught by

Mohd Azmi Omar, Ahmed Iskanderani, Sami I. Al-Suwailem, Yahya Aleem ur Rehman, Khalifa M. Ali and Abdullahi Mohamed

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4.5 rating, based on 2 reviews

Start your review of Islamic Finance and Banking

    I want to learn Islamic Banking and finance Becaouse It is important and usefull Please help me this proplem I wish you help me Thank you soo much
  • Anonymous
    It can help get knowledge about islamic economy and funding prosess. Islamic economy will be strong and more parfact.

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