Understanding Islamic Banking for Consumers

Get a consumer’s guide to Islamic banking and discover Shariah-compliant financial products, solutions, and services, with this online course from INCEIF.

Duration

5 weeks

Weekly study

1 hour

100% online

How it works

Unlimited subscription

Learn more

Elevate your banking skills by mastering key Islamic finance principles

Understanding consumer needs, including those specific to Islamic banking, is paramount to strong financial management. To do so, however, it’s critical to stay informed about what banking services and products are available to consumers, and how they are changing given the ever-evolving financial industry.

Stay ahead of the curve by joining this five-week course from INCEIF University, where you’ll gain invaluable insights and skills specific to the Islamic banking system. Designed to provide essential knowledge for both customers and business professionals, this course covers key rules, principles, and practices for Shariah-compliant banking.

Understand the frameworks of Islamic finance, from fundraising to business finance to trade

After an introduction to the business life cycle and the legal and ethical framework of Shariah Law, take a closer look at Islamic financial products and services available to consumers.

You’ll learn what consumers expect from financing solutions today, and how Islamic banking solutions and services meet those needs. You’ll also review new financial technologies and their implications for Shariah Law.

Explore financing, risk analysis, and due diligence as it relates to Islamic finance

Examine key Shariah-compliant financial processes, including credit, risk analysis, and due diligence. You’ll learn what differentiates Islamic financial products and processes, and how these can protect consumer interests.

Gain quantitative and qualitative skills in financial evaluation, and understand the role of collateral in financing. By the end of this course, you’ll be equipped to make more informed financial decisions as a consumer and banking professional.

  • Week 1

    Introduction to Structuring Financial Requirement and Solutions for Consumers

    • Do you know what your customers want?

      Are your customers looking for Islamic financing solutions? How can you provide the solutions your customers need?

    • Worldview Of Islam

      This topic covers Islamic worldview that is relevant to Islamic financial transactions.

    • Regulatory Requirement and Governing Legal Framework

      A look into the regulatory requirement and governing legal framework for Islamic financial institutions.

  • Week 2

    Understanding Customers' Needs

    • Introduction to Financing Requirements of Consumers

      Do you understand what the consumers are looking for when it comes to financial products and services?

  • Week 3

    Islamic Banking Products and Services for Consumers

    • Basic Functions of Islamic Banks

      Do Islamic banks function the same way as conventional banks? What are the similarities and differences between the two banking systems?

    • Islamic Banking Solutions and Services

      There are many Islamic banking solutions and services that cater to the needs of the consumers. This section delves into the different products and services as well as the related underlying shariah principles.

  • Week 4

    Introduction to Credit/Financing Process

    • Introduction to Credit or Financing Process

      Explore the the fundamental concepts and principles that underpin the world of credit and financing.

  • Week 5

    Introduction to Risk Analysis and Due Diligence

    • Risk Analysis

      Gain a better understanding on risk analysis and due diligence in Islamic financing. Also covered in this week is credit scoring and how credit score factors in the overall risk analysis process.

    • Credit Scoring

      Do you know how credit score can influence financing? Learn more in this topic.

    • Conclusion and Next Step

      A summary of the course highlighting the key takeaways as well as an assessment of your learning journey.

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