Online USA
DURATION
1 up to 3 Hours
LANGUAGES
English
PACE
Full time, Part time
APPLICATION DEADLINE
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EARLIEST START DATE
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TUITION FEES
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STUDY FORMAT
Distance Learning
* free course
Key Summary
Introduction
This free online Islamic Finance course will familiarise you with the principles and frameworks of Islamic banking. Islamic banking is a form of non-interest banking based on the principles of Sharia law and ethics designed to foster a healthy society. Islamic banking is one of the fastest-growing segments within the finance sector, start this free online course today to learn about the fascinating world of Islamic finance.
This Free Online Course Includes:
- 1.5-3 Hours of Learning
- CPD Accreditation
- Final Assessment
Alison Certificates
All Alison courses are free to enrol study and complete. To successfully complete this Diploma course and become an Alison Graduate, you need to achieve 80% or higher in each course assessment. Once you have completed this Diploma course, you have the option to acquire an official Diploma, which is a great way to share your achievement with the world.
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- Include it in your CV, professional social media profiles and job applications.
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Alison offers 3 types of Diplomas for completed Diploma courses:
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Scholarships and Funding
As we are an online platform, we do not offer degrees or scholarships.
Curriculum
This course will first introduce you to Islamic finance and banking and teach you about the growth and potential of Islamic finance. You will look into the five core aims of Sharia law and learn that Sharia law prohibits unethical, immoral, and speculative activities. The course will also discuss the Islamic perspective on wealth. You will learn the aspects of Islamic law and contracts such as types of transactions, ownership categories, and common elements of a contract.
You will then look into modes of finance including the prohibition of Riba or interest, the Prohibition of Risk (Gharar), and Islamic insurance (Takaful). The course will discuss the difference between conventional and Islamic banks as well as the key Islamic finance products. You will also study the role of the independent Sharia boards which includes proper guidance to institutions and leading research and development programs. You will also take a look at the global regulatory environment.
This free Global Islamic Finance and Banking course covers the key concepts, services, and future of one of the fastest-growing financial sectors in the world, and is valued globally at more than $2 trillion USD. By taking this course, business people and government employees interested in Islamic finance and banking around the world will gain better knowledge and a deeper understanding of Islamic finance and banking. This knowledge can be highly valuable and useful, so have a look at the Islamic finance course today, and start your next learning journey.
Module 1
Introduction to Islamic Finance
In this module, you will be introduced to Islamic finance and banking and learn about the growth and potential of Islamic finance.
Module 2
Islamic Law and Contracts
In this module, you will learn about aspects of Islamic law and contracts such as types of transactions, ownership categories, and common elements of a contract.
Module 3
Modes of Finance
This module will teach you about modes of finance including prohibitions of interest and risk, conventional vs Islamic banks, and key Islamic finance products.
Module 4
Regulatory Issues
In this module, you will learn about the role of the independent Sharia boards, and the global regulatory environment, and hear an overall summary of the benefits of Islamic finance.
Module 5
Course assessment
Program Outcome
What You Will Learn In This Free Course
- List the aims of Islamic finance in contemporary society.
- Describe the benefits of Islamic finance and banking.
- Identify the main principles of Islamic banking and finance.
- Discuss how different Islamic modes of financing work.
- Define the current market and future opportunities for the sector.
Complete This CPD Accredited Course & Get Your Certificate!
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Career Opportunities
Corporate Banker
The mature and ethical manner in which they wield their hard-won knowledge of the factors that help a company succeed or fail in achieving its business goals enables Corporate Bankers to offer their customers a gratifying banking experience.
Investment Banking Analyst
Markets may change, but good investing advice is timeless. Investment Banking Analysts do the necessary research and analysis before helping their clients make sound investment decisions.
Branch Manager
The Branch Manager is a full-time, multitasking Ninja who has to empower and support the staff while ensuring customer satisfaction and committing to business expansion and success.
Banker
Ethical banking is produced not by good laws, but by good bankers - those wise beings who can balance the risk of a run with the reward of a profit - those who safely and profitably tread the middle ground.