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Global Islamic Finance and Banking

Finances and Banking
Free Course
Islamic banking is also known as non-interest banking with a system that is 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. This Global Islamic Finance and Banking course will give you a better understanding of Islamic Banking's principles and frameworks.
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  • Duration

    2-3 Hours
  • Assessment

    Yes
  • Certification

    Yes
  • Responsive

    Yes
  • Publisher

    Edgy Global

Description

Outcome

Certification

View course modules

Description

This course will first introduce you to Islamic finance and banking and teach you about the growth and potential for Islamic finance. You will look into the five core aims of Sharia law and learn that the Sharia law prohibits unethical, immoral, and speculative activities. The course will also discuss the Islamic perspective on wealth. You will learn the aspects of Islamic law and contracts such as types of transactions, ownership categories, and common elements of a contract.

You will then look into modes of finance including the prohibition of Riba or interest, the Prohibition of Risk (Gharar), and the Islamic insurance (Takaful). The course will discuss the difference between conventional and Islamic banks as well as the key Islamic finance products. You will also study the role of the independent Sharia boards which includes proper guidance to institutions and leading research and development programs. You will also take a look at the global regulatory environment.

This free Global Islamic Finance and Banking course covers the key concepts, services, and future of one of the fastest growing financial sectors in the world, is valued globally at more than $2 trillion USD. By taking this course, business people and government employees interested in Islamic finance and banking around the world will gain better knowledge and a deeper understanding of Islamic finance and banking. This knowledge can be highly valuable and useful, so have a look at the course today, and start your next learning journey.

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Learning Outcomes

After completing this finance and banking course, you will:


  • List the aims of Islamic finance in contemporary society.
  • Describe the benefits of Islamic finance and banking.
  • Identify the main principles of Islamic banking and finance.
  • Discuss how different Islamic modes of financing work.
  • Define the current market and future opportunities for the sector.

Certification

All Alison courses are free to enrol, study and complete. To successfully complete this Certificate course and become an Alison Graduate, you need to achieve 80% or higher in each course assessment. Once you have completed this Certificate course, you have the option to acquire official Certification, which is a great way to share your achievement with the world. Your Alison Certification is:

Ideal for sharing with potential employers - include it in your CV, professional social media profiles and job applications
An indication of your commitment to continuously learn, upskill and achieve high results
An incentive for you to continue empowering yourself through lifelong learning

Alison offers 3 types of Certification for completed Certificate courses:

Digital Certificate - a downloadable Certificate in PDF format, immediately available to you when you complete your purchase
Certificate - a physical version of your officially branded and security-marked Certificate, posted to you with FREE shipping
Framed Certificate - a physical version of your officially branded and security-marked Certificate in a stylish frame, posted to you with FREE shipping

All Certification is available to purchase through the Alison Shop. For more information on purchasing Alison Certification, please visit our faqs. If you decide not to purchase your Alison Certification, you can still demonstrate your achievement by sharing your Learner Record or Learner Achievement Verification, both of which are accessible from your Dashboard. For more details on our Certification pricing, please visit our Pricing Page.

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