Experts anticipate that the Islamic financial network will overtake the conventional financial system at the existing price of growth in the following 8 to one decade. Islamic Financial Finance differs from traditional banking. Strictly how Islamic finance follows the Sharia, and a key element is a prohibition on collecting and also paying interest. Ruling out most aspects of contemporary financing permits money to be used for trading concrete properties and also a business.

Program Objective of Islamic finance as well as money

• An intro to the basic principles of Islamic banking and financing
• Discuss the theories and principles of the Islamic financial tools
• Understand as well as examine money concepts in the light of Islamic philosophy/ Islamic Sharia
• Financing mechanisms as well as contemporary methods for Islamic business economics and money
• Outline the difficulties faced in the change of the money sector as well as the economic climate from interest-based settings to interest-free purchases

Day 1
Basic of Islamic Banking

• Islamic Law and Jurisprudence

• The Contract Law

• Fundamental principles of Islamic Finance

• Factors of Production in different economic systems

• Prohibition of Riba in Islam

Day 2
Economic Systems and the emergence of Islamic Banking

• Islamic and other economic Systems

• Factors of Production in different Economic systems

• Islamic Appraisal of Conventional Commercial Banking

• Islamic Alternatives

Day 3
Deposit products and Financing Products (Equity-Based)

• Current Account Deposit

• Saving Deposits

• Investment Deposits

• Trustee Partnership (Mudarabah) Facility

• Joint Venture (Musharakah) Facility

• Issues in Product Management

• Areas of Application

Day 4
Financing Products (Debt-Based)

• Deferred Payment Facility

• Leasing (Ijara) Facility

• Deferred Delivery Sale (Salam) Facility

• Manufacture-Sale (Istisna) Facility

• Recurring Sale (Istijrar) Facility

• Benevolent Loan (Qard) Facility

• Areas of Application

Day 5
Fee-Based Product, Investment banking, and other Islamic Appraisals

• Letter of Guarantee

• Other Fee-Based Services

• Islamic Appraisal of Conventional Investment Banking

• Islamic Appraisal of Conventional Project Finance

• The limited liability concepts