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Islamic Banking: Limitations and Issues of Shariah

Gain knowledge and insights to make informed decisions and contribute to the growth and development of the Islamic banking sector.

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Islamic Banking: Limitations and Issues of Shariah

  • 5 weeks

  • 1 hour per week

  • Digital certificate when eligible

  • Open level

Find out more about how to join this course

  • Duration

    5 weeks
  • Weekly study

    1 hour
  • 100% online

    How it works
  • Unlimited subscription

    $244.99 for one whole yearLearn more

Develop practical knowledge and skills in Islamic banking and Shariah compliance

On this five-week course, you’ll deepen your understanding of Shariah principles and compliance in Islamic banking.

You’ll enhance your skills in ethical decision making and problem solving – both vital for navigating the challenges in Shariah-related product handling.

Through an exploration of governance practices and real-case simulations, you’ll learn how to apply your knowledge to succeed in Islamic banking and finance while fostering ethical practices that are Shariah compliant.

Enhance your understanding of the Islamic finance sector

You’ll start by gaining an introduction to major causes of Shariah non-compliant events in banking operation.

This will help you understand the importance of the governance and reporting of Shariah non-compliant events.

Next, you’ll explore the limitations and issues in handling Shariah-related products and the strategies to help navigate this.

This will help you ensure compliance while meeting customer needs and marketing demands. Within this, you’ll discover the importance of process flow and documentation during Aqad execution.

Learn from experts in Islamic banking and finance

Finally, you’ll participate in case simulations on rescheduling and restructuring (R&R) to help you apply your knowledge to formulate strategic solutions in real-world scenarios.

Learning from industry experts, you’ll finish the course with the skills to excel in the Islamic banking industry while adhering to ethical standards.

Syllabus

  • Week 1

    Introduction to the Causes of Shariah Non-compliant Events in Banking Operations

    • Welcome to the Course

      Dive into Islamic banking, where you'll refine your skills, enhance ethical decision-making, and become a sought-after professional in the industry.

    • Major Causes of Shariah Non-compliant Events in Banking Operations

      Discover the significant triggers of Shariah non-compliant events in banking operations. Explore the role of people, products, processes, and external events in understanding and mitigating these critical challenges.

    • Check your Understanding

      This short true/false quiz will test your understanding of the importance of Shariah non-compliance risks in the banking sector.

    • Key Takeaways for Week 1

      Key takeaways for Week 1

  • Week 2

    Importance of Governance and Reporting of Shariah Non-compliant Events

    • Importance of Governance and Reporting of SNCE

      Let's explore what are the main reasons for governing and reporting of SNCE.

    • Check Your Understanding

      This short true/false quiz will test your understanding of the importance of governance and reporting of SNCE.

    • Key Takeaways for Week 2

      Key Takeaways for Week 2

  • Week 3

    Limitation and Issues in Handling Shariah-related Products

    • Navigating Challenges: Shariah Compliance in Islamic Banking

      Explore hurdles faced by Islamic banks: diverse interpretations, lack of standards, complex instruments, risk management, innovation, skills shortage, and public awareness. Discover solutions!

    • Check Your Understanding

      This short true/false quiz will test your understanding of the limitations and issues in handling Shariah-related products.

    • Key Takeaways for Week 3

      Key takeaways for Week 3.

  • Week 4

    Importance of Process-flow and Documentation During the Process of Aqad Execution

    • Why Process-Flow and Documentation Are Key to Shariah-Compliant Aqad Execution

      In Islamic finance, the process of executing an Aqad (contract) must comply with Shariah principles. This means that the contract must be fair, transparent, and free from any usury or Gharar (uncertainty).

    • Check Your Understanding

      Check your understanding on Week 3.

    • Key Takeaways for Week 4

      Key takeaways for Week 4

  • Week 5

    Case Simulation and Discussion on Rescheduling and Restructuring (R&R)

    • Case Study 1: SNCE on a package of Ijarah Term Financing and BBA Cash Line financing for business

      Case simulation and discussion on Rescheduling and Restructuring (R&R).

    • Case Study 2: SNCE on the absence of commodity trading in respect of Commodity Murabahah Revolving Financing (CMRF)

      Simulation and discussion on Rescheduling and Restructuring (R&R).

    • Complete the Course

      Congratulations, you have completed the 5-week lessons. Next, to obtain the certificate of completion, you are required to take the course assessment. Details of the course assessment are provided on the next page.

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...

  • Apply a deep understanding of Shariah principles and compliance requirements in Islamic banking operations, enabling ethical decision-making and conduct within the industry.
  • Identify major causes of Shariah non-compliance events in banking operations, allowing for effective identification, assessment, and mitigation of potential non-compliance risks.
  • Design effective governance and reporting strategies for Shariah non-compliant events, promoting transparency, accountability, and regulatory compliance within the Islamic finance sector.
  • Investigate and propose strategies to navigate limitations and challenges in handling Shariah-related products, ensuring compliance while meeting customer needs and market demands.
  • Engage in case simulations and discussions on Rescheduling and Restructuring (R&R), applying knowledge to formulate strategic solutions, and enhancing critical thinking and problem-solving abilities in real-world scenarios.

Who is the course for?

This course is designed for a wide range of stakeholders.

It will benefit professionals in the Islamic finance industry, students, regulators, investors, customers, academics, and researchers.

Who will you learn with?

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

$244.99 for one whole 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 4 Apr 2024

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

Sale price available until 4 March 2024 at 23:59 (UTC). T&Cs apply.

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

Sale price available until 4 March 2024 at 23:59 (UTC). T&Cs apply.

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  • Complete 90% of course steps and all of the assessments to earn your certificate

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