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Understanding Islamic Banking for Businesses

Discover Shariah-compliant financial products, solutions, and services within the scope of Islamic banking for businesses.

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Understanding Islamic Banking for Businesses

  • 6 weeks

  • 1 hour per week

  • Digital certificate when eligible

  • Intermediate level

Find out more about how to join this course

Elevate your business prowess by acquiring skills in Islamic banking and finance

In today’s global financial market, understanding Islamic financial principles is not just an advantage but a necessity. What do these principles involve, and how can businesses use them to their advantage?

On this five-week course from INCEIF University, get a comprehensive deep dive into the world of Islamic banking. Explore fundamental principles in fundraising, financial products for businesses, and risk management.

By the end of this course, you’ll have gained expert insights and competitive skills to navigate the intricacies of Islamic banking in the context of Shariah-compliant principles, and how to apply these principles to address the evolving needs of businesses, ensuring ethical and sustainable financial practices according to Islamic law.

Explore Islamic financing products and services

Begin this course with an inside look into the business lifecycle and how financial enterprises utilise fundraising to grow their operations.

Explore a range of Islamic banking solutions available to businesses, such as asset and term financing, all tailored to meet the diverse needs of businesses operating in a global financial landscape.

Understand how Islamic businesses evaluate risk when assessing financing applications

Gain valuable insights into risk assessment practices used by Islamic financial institutions and make informed decisions by applying quantitative and qualitative techniques when evaluating businesses.

Discuss pricing strategies utilised by banks, considering factors such as customer relationships and collateralisation.

Learn more from the experts at INCEIF University

If you want to expand your knowledge of Islamic banking, consider taking another online course from INCEIF, such as their “Understanding Islamic Banking for Consumers.”

Syllabus

  • Week 1

    Fund raising and business life cycle

    • When is Funding Required?

      Understanding the pivotal question of "When is business funding required?" is essential for entrepreneurs and business owners to effectively strategise and navigate the financial landscape of your ventures.

    • Business Life Cycle

      The business life cycle, or the operating life cycle, are the stages that a business typically goes through from its inception to its eventual closure, encompassing key milestones and phases of growth, maturity, and decline.

    • Special Financing Arrangement

      Special financing arrangements refer to unique financial agreements tailored to meet specific needs or circumstances, offering alternative terms or structures beyond conventional lending options. Learn more in this subtopic.

    • Knowledge Check

      Congratulations for completing Week 1. Test your understanding by answering this short quiz.

  • Week 2

    Islamic business financing products and services

    • Types of Islamic business financing products and services

      Learn more about the different types of Islamic business financing products and services.

    • Knowledge Check

      Congratulations for completing Week 2. Test your understanding by answering this short quiz.

  • Week 3

    Islamic trade financial products and services

    • Islamic trade financial products and services

      Islamic trade financial products and services encompass a range of Shariah-compliant solutions designed to facilitate trade transactions while adhering to Islamic principles, promoting ethical and equitable business practices.

    • Knowledge Check

      Congratulations for completing Week 3. Test your understanding by answering this short quiz.

  • Week 4

    Financing Process and Evaluation

    • Introduction to Credit or Financing Process

      Financial institutions, both Islamic and conventional, have to properly evaluate the level of risk they are exposing themselves to when offering financing solutions. This topic will be explored this week.

    • Qualitative Evaluation

      Learn how financial institutions, both Islamic and conventional, evaluate businesses beyond just financial data to shed light on the broader aspects considered in the financing application process.

    • Quantitative Evaluation

      The quantitative evaluation of businesses includes analysing numerical data such as revenue, assets, and cash flow, among others, to assess their financial health and creditworthiness. Learn more in this subtopic.

    • Knowledge Check

      Congratulations for completing Week 4. Test your understanding by answering this short quiz.

  • Week 5

    Pricing of Business Financing Products

    • Introduction to Pricing of Business Financing Products

      Learn what are the factors that influence the pricing of busines financing products.

    • Components of Pricing

      There are several components that can affect the pricing of a financing solution for businesses.

    • Knowledge Check

      Congratulations for completing Week 5. Test your understanding by answering this short quiz.

  • Week 6

    Collaterals in Financing

    • Collaterals and Security in Financing

      Learn about collaterals and security in financing; attributes of good security; forms of security and charges and the importance of documentation

    • Knowledge Check

      Congratulations for completing Week 6. Test your understanding by answering this short quiz.

    • Conclusion and Next Step

      A summary of the course highlighting the key takeaways as well as an assessment of your learning journey.

    • Assessment

      Let's put your newfound knowledge to the test with this comprehensive quiz designed to assess your understanding of the course material.

When would you like to start?

Start straight away and join a global classroom of learners. If the course hasn’t started yet you’ll see the future date listed below.

  • Available now

Learning on this course

On every step of the course you can meet other learners, share your ideas and join in with active discussions in the comments.

What will you achieve?

By the end of the course, you‘ll be able to...

  • Discuss how businesses operate, including business lifecycle
  • Identify the various business financing needs and the bank’s financing products
  • Explain how the Islamic banks evaluate the financing applications/proposals of business customers
  • Summarise the common risks faced by businesses
  • Describe how the banks price their products and the relationship between pricing and collaterals

Who is the course for?

This course is designed for anyone interested in deepening their understanding of Islamic banking practices, including banking professionals, accountants, financial advisers, consultants, bank customers, students, and the general public.

Who will you learn with?

INCEIF University is the knowledge leader in Islamic finance, achieved through the provision of excellent teaching, research and thought leadership.

Who developed the course?

INCEIF

INCEIF is considered to be the knowledge leader in Islamic finance through providing excellent teaching, research and thought leadership.

Ways to learn

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Ways to learn

Choose the best way to learn for you!

Subscribe & save

$349.99 for one year

Automatically renews

Develop skills to further your career

  • Access to this course
  • Access to 1,000+ courses
  • Learn at your own pace
  • Discuss your learning in comments
  • Tests to boost your learning
  • Digital certificate when you're eligible

Cancel for free anytime

Buy this course

$134/one-off payment

Fulfill your current learning need

  • Access to this course
  • Learn at your own pace
  • Discuss your learning in comments
  • Tests to boost your learning
  • Printed and digital certificate when you’re eligible

Limited access

Free

Sample the course materials

  • Access expires 1 Aug 2024

Find out more about certificates, Unlimited or buying a course (Upgrades)

Learning on FutureLearn

Your learning, your rules

  • Courses are split into weeks, activities, and steps to help you keep track of your learning
  • Learn through a mix of bite-sized videos, long- and short-form articles, audio, and practical activities
  • Stay motivated by using the Progress page to keep track of your step completion and assessment scores

Join a global classroom

  • Experience the power of social learning, and get inspired by an international network of learners
  • Share ideas with your peers and course educators on every step of the course
  • Join the conversation by reading, @ing, liking, bookmarking, and replying to comments from others

Map your progress

  • As you work through the course, use notifications and the Progress page to guide your learning
  • Whenever you’re ready, mark each step as complete, you’re in control
  • Complete 90% of course steps and all of the assessments to earn your certificate

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