Islamic finance course

This high-quality, university level course is offered via flexible On-line webinars (with up to 12 months access to all course recordings).

The course will be of benefit to anyone seeking to understand more about the rules concerning wealth related issues in Islam, Islamic banking and finance, including, but not limited to; banks, insurance and investment institutions, law firms, accounting and government agencies, Imams, other professionals, students etc.

Start date: 4th April 2013 (Live lectures every Thursday 8:00 PM AEST (Melbourne/Sydney time) with up to 12 months access to all recordings.)

Course duration: 12 weeks

Cost: (AUD) $195

Topics:

• What is Islamic finance (Watch video: Introduction to Islamic finance)
• History and development
• The differences between Islamic and conventional banking
• Sources of Islamic law
• Types of contracts
• Types of wealth
• Categories of ownership
• Function of money
• Business ethics
• The prohibition of Riba (interest)
• The Prohibition of Gharar (uncertainty) and Gambling (Maisir)
• Case study #1
• Murabaha (Cost-Plus Financing)
• Ijara (Islamic leasing)
• Salam (Forward Selling contracts)
• Istisna’ (Manufacturing Contracts)
• Musharakah (Partnership, JV)
• Mudarabah (investment)
• Case study #2
• The Banking Products
• Islamic finance & Legal and regulatory issues
• Corporate Governance and Shariah Supervisory Board
• Introduction to Islamic insurance (Takaful)
• Global performance of Islamic banking and finance
• Introduction to Islamic Capital Markets
• Investment in Shares
• Wholesale Markets and Investment Funds
• Sukuk (‘Islamic bonds’)
• Other products
• Case study #3

Upon completion, participants will be awarded an AusCif Islamic finance certificate of attendance. For those who wish to receive full AusCif certification, a separate exam can be arranged at an additional cost of (AUD) $195. Email us at for more info at: info@auscif.com

Course Instructor: Almir Colan