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Understanding Islamic Banking for Businesses

Discover Shariah-compliant financial products and services for businesses with this online course from INCEIF. Grasp practical knowledge and strategies to thrive in the world of Islamic finance.

Duration

6 weeks

Weekly study

1 hour

100% online

How it works

Unlimited subscription

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Elevate your business prowess by acquiring skills in Islamic banking and finance

In today’s global financial market, understanding Islamic financial principles is not just an advantage but a necessity. What do these principles involve, and how can businesses use them to their advantage?

On this five-week course from INCEIF University, get a comprehensive deep dive into the world of Islamic banking. Explore fundamental principles in fundraising, financial products for businesses, and risk management.

By the end of this course, you’ll have gained expert insights and competitive skills to navigate the intricacies of Islamic banking in the context of Shariah-compliant principles, and how to apply these principles to address the evolving needs of businesses, ensuring ethical and sustainable financial practices according to Islamic law.

Explore Islamic financing products and services

Begin this course with an inside look into the business lifecycle and how financial enterprises utilise fundraising to grow their operations.

Explore a range of Islamic banking solutions available to businesses, such as asset and term financing, all tailored to meet the diverse needs of businesses operating in a global financial landscape.

Understand how Islamic businesses evaluate risk when assessing financing applications

Gain valuable insights into risk assessment practices used by Islamic financial institutions and make informed decisions by applying quantitative and qualitative techniques when evaluating businesses.

Discuss pricing strategies utilised by banks, considering factors such as customer relationships and collateralisation.

Learn more from the experts at INCEIF University

If you want to expand your knowledge of Islamic banking, consider taking another online course from INCEIF, such as their “Understanding Islamic Banking for Consumers.”

Week 1
Fund raising and business life cycle
- When is Funding Required?
  Understanding the pivotal question of "When is business funding required?" is essential for entrepreneurs and business owners to effectively strategise and navigate the financial landscape of your ventures.
- Business Life Cycle
  The business life cycle, or the operating life cycle, are the stages that a business typically goes through from its inception to its eventual closure, encompassing key milestones and phases of growth, maturity, and decline.
- Special Financing Arrangement
  Special financing arrangements refer to unique financial agreements tailored to meet specific needs or circumstances, offering alternative terms or structures beyond conventional lending options. Learn more in this subtopic.
- Knowledge Check
  Congratulations for completing Week 1. Test your understanding by answering this short quiz.
Week 2
Islamic business financing products and services
- Types of Islamic business financing products and services
  Learn more about the different types of Islamic business financing products and services.
- Knowledge Check
  Congratulations for completing Week 2. Test your understanding by answering this short quiz.
Week 3
Islamic trade financial products and services
- Islamic trade financial products and services
  Islamic trade financial products and services encompass a range of Shariah-compliant solutions designed to facilitate trade transactions while adhering to Islamic principles, promoting ethical and equitable business practices.
- Knowledge Check
  Congratulations for completing Week 3. Test your understanding by answering this short quiz.
Week 4
Financing Process and Evaluation
- Introduction to Credit or Financing Process
  Financial institutions, both Islamic and conventional, have to properly evaluate the level of risk they are exposing themselves to when offering financing solutions. This topic will be explored this week.
- Qualitative Evaluation
  Learn how financial institutions, both Islamic and conventional, evaluate businesses beyond just financial data to shed light on the broader aspects considered in the financing application process.
- Quantitative Evaluation
  The quantitative evaluation of businesses includes analysing numerical data such as revenue, assets, and cash flow, among others, to assess their financial health and creditworthiness. Learn more in this subtopic.
- Knowledge Check
  Congratulations for completing Week 4. Test your understanding by answering this short quiz.
Week 5
Pricing of Business Financing Products
- Introduction to Pricing of Business Financing Products
  Learn what are the factors that influence the pricing of busines financing products.
- Components of Pricing
  There are several components that can affect the pricing of a financing solution for businesses.
- Knowledge Check
  Congratulations for completing Week 5. Test your understanding by answering this short quiz.
Week 6
Collaterals in Financing
- Collaterals and Security in Financing
  Learn about collaterals and security in financing; attributes of good security; forms of security and charges and the importance of documentation
- Knowledge Check
  Congratulations for completing Week 6. Test your understanding by answering this short quiz.
- Conclusion and Next Step
  A summary of the course highlighting the key takeaways as well as an assessment of your learning journey.
- Assessment
  Let's put your newfound knowledge to the test with this comprehensive quiz designed to assess your understanding of the course material.