What Will You Learn?

• On completion of this course students will be able to:
• Explain the role of Shari’ah in Islamic finance;
• Explain the meanings of finance and financial system
• Understand the philosophy and principles of Islamic finance.
• Examine the distinguishing features of Islamic Finance
• Explain the major prohibitions in Shari’ah- compliant commercial transactions and their impact on banking business;
• Evaluate the implications of prohibition of Riba, Gharar and gambling on individuals, financial institutions and societies;
• Understand the essentials of all basic modes of business.
• Understand the difference b/w insurance and Takaful
• Evaluate the role of risk-based and equity finance comparing with the risk free finance.
• Apply Islamic principles of Islamic finance to the needs of present day businesses on the basis of modes and procedures in practice.