Course details
The Musharakah-Mudharabah and their applications course provides an in-depth understanding of the two main partnership contracts in Islamic banking and finance: Mudharabah and Musharakah and how they are applied in the current Islamic banking industry. It also presents a detailed explanation on the many aspects of the original Mudharabah and Musharakah contract; covering their principles, legal foundations, and variations. The course makes use of cases that utilise sample contracts to further explain to participants the concepts of both Mudharabah and Musharakah.
Learning Outcomes
On successful completion of this course, participants will be able to:
- Review the history of Islamic banking and the current Islamic banking and finance landscape
- Discuss the key principles of Islamic banking, referencing the sources of Islamic law, and then specifically relating it with the contract of Mudharabah and Musharakah
- Describe the essential rules of Mudharabah and Musharakah and explain how they are applied to the modern products of Islamic banking
- Distinguish and evaluate the key differences between Mudharabah and Musharakah based financing and other types of financing products used in both conventional banking and Islamic banking
- Discuss the contemporary issues related to the current practice of Mudharabah and Musharakah financing
- Explain the key points of AAOIFI Shariah standards No. 12 and No. 13 and FAS No. 3 and 4 on Musharakah and Mudharabah respectivelyand, and apply them in solving accounting related questions
- Explain the key points of Mudharabah and Musharakah based sukuk
Target Audience
This course is for any inpidual who would like to gain a more in-depth understanding in the specific partnership contracts of Mudharabah and Musharakah and how it is applied in various Islamic banking products. More specifically, it is for inpiduals who deal directly with Mudharabah and Musharakah based products.
Entry Requirements
Introduction to Islamic Banking and Finance ? PART 1 600E
Updated on 08 November, 2015Course Location
About Bahrain Institute for Banking & Finance
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