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