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 Introduction to Islamic Finance T2056 QR Code
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Introduction to Islamic Finance



This training program provides a concise yet comprehensive overview of the fundamental principles, practices, and principles of Islamic finance. Participants gain insights into Sharia-compliant financial concepts, enabling them to understand, evaluate, and engage in Islamic financial transactions effectively.

Program Objectives:

At the end of this program, participants will be able to:

  • Understand the fundamental concepts of Islamic finance and its principles.

  • Recognize the role of Shariah in guiding financial transactions.

  • Analyze the Islamic perspective on wealth and its implications for financial practices.

  • Evaluate the growth trajectory and future potential of Islamic finance.

  • Apply their knowledge to make informed decisions in Islamic financial contexts.

Targeted Audience:

  • Finance professionals seeking to broaden their understanding of Islamic finance principles.

  • Banking professionals interested in incorporating Islamic finance practices into their institutions.

  • Entrepreneurs and business owners aiming to explore Islamic finance options for their ventures.

  • Academics and researchers interested in the intersection of finance, economics, and Islamic principles.

Program Outline:

Unit 1:


  • Define Islamic Finance.

  • Define Shariah.

  • The Islamic perspective of wealth.

  • Islamic finance growth and future potential.

Unit 2:

Islamic Law & Contracts: 

  • Sources of Islamic Law (Shariah).

  • The actions of Islam.

  • Common elements of a contract.

  • Different ownership categories.

  • The classification of contracts.

  • Key contract conditions.

Unit 3:

Modes of Finance:

  • Prohibition of Interest (Riba) and Prohibition of uncertainty/risk (Gharar).

  • How Islamic insurance (Takaful) works.

  • Debt and equity-based finance.

  • Different modes of finance.

  • The difference between Islamic and conventional banks.

  • A key consideration when choosing an Islamic product.

  • How Islamic housing finance works.

Unit 4:

Regulatory Issues:

  • The role of independent Shariah boards?

  • Legal and regulatory environment.

  • Islamic finance potential. 

Unit 5:

Contemporary Challenges and Innovations:

  • Addressing contemporary challenges facing Islamic finance.

  • Innovations in Islamic financial products and services.

  • Technological advancements in Islamic banking.

  • Sustainability and ethical considerations in Islamic finance.

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