Islamic banking, also known as non-interest banking, is a banking system based on the principles of Islamic or Sharia law. Sharia lays down rules that promote fair dealings in business, and ethics based on universal principles which consider the needs that contribute to a healthy society. Since Sharia looks at money only as a measure and not as a means to an income, the act of charging the borrower interest by the lender is not allowed in Islamic banking. This form of finance started way back in the 7th century with the formation of Islam, but it was formalised in the banking and finance sector back in the 1960s. 

The free Islamic banking and finance courses offered by Alison teach you the key concepts, services and the future of one of the fastest-growing segments of the financial sector. Valued at over 2 trillion USD, Islamic banking and finance offers exciting career prospects for people who are starting out. Even for government employees and professionals, knowledge of this large segment of finance can help better deal with Islamic banking institutions, and in many cases, it can also help businesses take advantage of this service offered by a multitude of institutions. 

Each of the online Islamic banking and finance courses on Alison is free, as are all of Alison's online courses. Alison's learners do not have to pay anything to take these courses unless they want a digital or physical copy of the course certificate.