Islamic Banking: Operationalisation of Shariah
Understand the key principles and applications of Shariah Law in finance to prepare for careers in Islamic banking, with this online course from INCEIF University.
Duration
4 weeks
Weekly study
1 hour
100% online
How it works
Unlimited subscription
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Shariah Law has implications for a wide range of operations within banking. Anyone aspiring to work in Islamic finance needs to be able to understand and apply the fundamental principles of Shariah.
This four-week course from INCEIF University examines the operational aspects of Shariah in the Islamic banking industry. Covering real estate, car, and personal finance, the course will give you the practical expertise you need to follow Shariah-compliant procedures.
The course will begin with an introduction to Shariah and its operationalisation.
From core products and documentation to consumer processes and workflows, you’ll gain a broad overview of essential applications of Shariah in banking.
As well as understanding the financial applications of Shariah in your own life, you’ll also receive training for work in the Islamic banking industry.
You’ll learn how to manage Shariah-compliant documents and products, and evaluate common occurrences of Shariah non-compliance. This will prepare you for careers in Islamic banking.
You’ll finish the course with actionable insights that you can take away and implement in your own company or organisation.
Operationalisation of shariah is essentially the application of shariah principles, specifically in the field of Islamic finance.
There are many conventional loans to choose from when buying a house. Purchasing a house under Islamic finance is also no different, albeit the need to adhere to Islamic financial principles.
What have you learnt this week?
Al-Ijarah Thumma Al-Bai (AITAB), another Islamic Consumer Financing Products, is a unique Shariah-compliant financing method that seamlessly combines two contracts – Ijarah (leasing) and Al Bai (sale).
What have you learnt this week?
Personal financing is also a financing tool that has its own underlying shariah principles.
What have you learnt this week?
There are several challenges in operationalising shariah in Islamic finance
A brief rundown of what was covered in the course
What's in store for us when it comes to operationalising shariah?
Congratulations, you have completed the 4-week lessons. Next, in order to obtain the certificate of completion, you are required to take the course assessment. Details of the course assessment are provided on the next page.
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