Islamic Transactions According to Shari'a

Course details

In this course, participants will learn how to deal with the different types of banking transactions; in accordance with the Islamic concepts by studying the nature, types, characteristics and purposes of these concepts to be implemented in the various products of Islamic branches.

Course Description:

In this course, participants will learn how to deal with the different types of banking transactions; in accordance with the Islamic concepts by studying the nature, types, characteristics and purposes of these concepts to be implemented in the various products of Islamic branches.

Course Objectives:

• Identify the Islamic law determinants that govern Islamic banking.
• Explain the types of banking operations that comply with Islamic law.

Course Outline:

Part 1: The Islamic Law Determinants of Islamic Banking

• The Islamic law characteristics of Islamic banking
• Contracts according to Islamic mindset

Part 2: Types of Banking Operations that Comply with Islamic Law

Module 1: Beyo’ Al Murabaha and Al Murabaha of Purchase Issuer

• Al Murabaha and Al Murabaha of purchase issuer
• The Fiqh principles of Al Murabaha and Al Murabaha of purchase issuer
• Credit studies of Beyo’
• The criterion of Al Murabaha and Al Murabaha of purchase issuer

Module 2: Al Musharakat and Al Sharakat

• The Fiqh principles of Al Musharakat and Al Sharakat
• Credit studies of Al Musharakat
• The criterion of Al Musharaka and companies

Module 3: Al Mudarabat

• The Fiqh principles of Al Mudarabat
• Credit studies of Al Mudarabat
• The criterion of Al Mudaraba

Module 4: Al Sullam and the Parallel Sullam Sale

• Al Sullam and the parallel Sullam sale
• The Fiqh principles of Al Sullam and the parallel Sullam
• Credit studies of Beyo’ Al Sullam
• The criterion of Al Sullam and the parallel Sullam

Module 5: Al Istisna’a and the Parallel Istisna’a

• Al Istisna’a and the parallel Istisna’a
• The Fiqh principles of Al Istisna’a and the parallel Istisna’a
• Credit studies of Al Istisna’a
• The criterion of Al Istisna’a and the parallel Istisna’a

Module 6: Operational and Financial Ijarah

• Al Ijarah and Ijarah with a promise of ownership
• The Fiqh principles of Al Ijarah and the Fiqh point of view about Ijarah with a promise of ownership
• Credit studies of Al Ijarah with a promise of ownership
• The criterion of Al Ijarah and Al Ijarah with a promise of ownership

Module 7: Al Tawarrok

• The concept of Al Tawarrok
• Al Tawarrok and its relation to Al Beyo’ and Al Wekalah contracts

Assessment Strategy:

Participants will be informally assessed on their interaction during sessions and their participation in exercises