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Micro-Credential Course

MICRO-CREDENTIAL IN FUNDAMENTALS OF ISLAMIC BANKING

0 students enrolled

   Approx. 20 hours to complete
About this Module

What you will learn
This is an introductory course to Islamic Banking for students to understand the fundamentals of Shariah-compliance banking system. Students will be introduced to the concepts and principles adopted/adapted by Islamic banks to comply with the Shariah requirements. The course will equip students with the basics to distinguish between Islamic and conventional banking system, expose students to the modus operandi of selected facilities/instruments offered by Islamic banks and assist them in evaluating the value proposition promoted by Islamic Banking System.

What skills you will gain
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Total contents and assessments

Module Details



CLUSTER : SS
MODE/DURATION : Flexible
LENGTH : days
EFFORT : 3 hours per weeks
LEVEL : Beginner
LANGUAGE : English
CERTIFICATE :
PRICE : Free


Associated Course (s) :
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Syllabus

1.1 Aqidah, Shariah, Akhlaq
1.2 Ibadat and Muamalat
1.3 Primary and Secondary Sources of Shariah Laws


2.1 Historical Development of Islamic Banking in the world
2.2 Historical Development of Islamic Banking in Malaysia



3.1 Governent and structure of Islamic Banking
3.2 Islamic Financial Services Act 2013 (IFSA 2013)
3.3 Guideline on The Shariah Advisory Council
3.4 Shariah Panel
3.5 Guidelines on Islamic Banking Products

4.1 Investment and Financing of Halal (permissible) Activities
4.2 Profit and Loss Sharing vs Lender-Borrower Relationship
4.3 Trade-based Financing vs Interest-based Investments/Loans
4.4 Prohibition of Riba, Gharar (unnecessary risk) and Maysir (gambling / speculation)
4.5 Payment of Zakat


5.1 Al-Wadiah savings accounts
5.2 Al-Wadiah current accounts
5.3 Al-Wakalah saving accounts
5.4 Al-Mudharabah savings accounts


6.1 Al-Mudharabah General Investment Accounts (MGIA)
6.2 Al-Mudharabah Special Investment Accounts (MSIA)

7.1 Home/Property Financing
7.2 Motor Vehicle Financing
7.3 Personal Financing
7.4 Credit Cards

8.1 Project Financing
8.2 Acquisition of Assets
8.3 Working Capital Financing

9.1 Letter of Credit (Wakalah) (Musharakah) (Murabahah)
9.2 Islamic Accepted Bills (Bai` al-Dayn)
9.3 Islamic Export Credit Refinancing (IECR)

10.1 Agency (Al-Wakalah)
10.2 Guarantee (Al-Kafalah)
10.3 Remittance (Al-Hiwalah)
10.4 Fee (Al-Ujr)
10.5 Ibra
10.6 Ta'widh


Instructors

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