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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Master Shariah-compliant finance procedures with INCEIF University

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.

Gain an overview of Shariah and its operationalisation

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.

Prepare for careers in Islamic 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.

  • Week 1

    Introduction to Operationalisation of Shariah: Product, Documentation & Process

    • Course Overview

      Operationalisation of shariah is essentially the application of shariah principles, specifically in the field of Islamic finance.

    • Operationalisation of Diminishing Musharakah

      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.

    • Summary and Reflection for Week 1

      What have you learnt this week?

  • Week 2

    Operationalisation of Al-Ijarah Thumma Al-Bai (AITAB)

    • Al-Ijarah Thumma Al-Bai (AITAB)

      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).

    • Summary and Reflection for Week 2

      What have you learnt this week?

  • Week 3

    Operationalisation of Commodity Murabahah

    • Personal Financing using Commodity Murabahah

      Personal financing is also a financing tool that has its own underlying shariah principles.

    • Summary and Reflection for Week 3

      What have you learnt this week?

  • Week 4

    Conclusion and Next Step

    • Challenges in Operationalisation of Shariah in Islamic Finance Products

      There are several challenges in operationalising shariah in Islamic finance

    • Course Recap

      A brief rundown of what was covered in the course

    • What's Ahead?

      What's in store for us when it comes to operationalising shariah?

    • Complete the Course

      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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