One-day Course

PRINCIPLES OF ISLAMIC BANKING

  • What is Islamic Banking?
  • What are the principles of Islamic Banking?
  • What are the driving principles of Islamic banks?
  • The characteristics of an Islamic financial system:-
  • Riba
  • Risk sharing; profit sharing; loss sharing.
  • Time value of money islamically interpreted.
  • Prohibition of Speculation
  • Sanctity of contract.
  • Shariah approved activities.
  • The key characteristics of the liabilities of Islamic banks:-
  • Current accounts
  • Saving accounts
  • Investment accounts
  • Restricted investment accounts
  • Unrestricted investment accounts
  • Bank capital
  • Nature of Islamic Contracts
  • Transactional contracts:-
  • Murabaha
  • Mudaraba
  • Musharaka
  • Bay salam
  • Ijara
  • Istisna