Banks and Islamic Funding

Course Description

This course describes Islamic finance in terms of principles, the jurisprudence document for financial contracts and provisions related to financial transactions, reviews the various forms of Islamic financing, whether based on debts or partnerships, and reviews some provisions related to some Islamic banking services, in addition to learning about Islamic financing field applications.

Course Aims

• By the end of the course the student will be able to:
•  Knowing the nature of the work of Islamic banks and their differences from conventional banks.
•  Understanding jurisprudence contracts and their provisions and the ability to judge them.
•  Knowing the financing formulas in Islamic banks and the way to implement them.
•  The ability to legally arbitrate financial contracts and correct them if necessary.

Course Contents:

• Chapter One: The nature of Islamic banks, their mechanisms of operation, and the principles of Islamic finance
• Chapter two: Financial contracts and their types in Islamic jurisprudence
• Chapter Three: Reba, its concept, divisions, controls, and Gharar.
• Chapter Four: The concept of selling, its elements, conditions, and types.
• Chapter Five: Islamic Finance Formulas (Sales).
• Chapter Six: Islamic Finance Formulas (Participations).
• Chapter Seven: Banking Services.

Course ID: FIN313