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