Overview

This eCourse consists of two modules. Module 1 provides an overview of the key principles of Islamic banking and finance and simplifies some of the terminology used in the market. The key components of the Islamic financial system and the main standard-setting bodies are also discussed.

Module 2 looks at the emerging niche market of shari’a-compliant wealth management. Although dwarfed by its conventional counterpart, and facing significant challenges, this industry is making significant inroads, especially in the GCC states.

Objective

On completion of this course, you will be able to:
- Explain the core precepts of shari’a (Islamic law)
- Describe the main principles of Islamic finance, including the prohibition of riba and gharar
- Outline the key components of Islamic banking and finance
- Discuss the historical development of Islamic finance and its future challenges
- Explain the importance of prudential imperatives and financial planning in Islamic wealth management
- Discuss the different types of investment available to Islamic wealth management customers
- Outline the issues and challenges facing the Islamic wealth management industry

Content

Module 1: Islamic Banking & Finance - An Introduction
Topic 1: Islamic Concepts & Principles
Topic 2: Key Principles in Islamic Finance
Topic 3: The Islamic Banking & Finance System
Topic 4: The Historical Development of Islamic Finance

Module 2: Islamic Banking & Finance - Wealth Management
Topic 1: Wealth Management & Financial Planning
Topic 2: Islamic Wealth Management & Investment
Topic 3: Islamic Wealth Management: Issues & Challenges