Islamic Banking: Operationalisation of Shariah
Understand the key principles and applications of Shariah Law in finance to prepare for careers in Islamic banking.
Duration
4 weeksWeekly study
1 hour100% online
How it works
Islamic Banking: Operationalisation of Shariah
Master Shariah-compliant finance procedures with INCEIF University
Shariah Law has implications for a wide range of operations within banking. Anyone aspiring to work in Islamic finance needs to be able to understand and apply the fundamental principles of Shariah.
This four-week course from INCEIF University examines the operational aspects of Shariah in the Islamic banking industry. Covering real estate, car, and personal finance, the course will give you the practical expertise you need to follow Shariah-compliant procedures.
Gain an overview of Shariah and its operationalisation
The course will begin with an introduction to Shariah and its operationalisation.
From core products and documentation to consumer processes and workflows, you’ll gain a broad overview of essential applications of Shariah in banking.
Prepare for careers in Islamic banking
As well as understanding the financial applications of Shariah in your own life, you’ll also receive training for work in the Islamic banking industry.
You’ll learn how to manage Shariah-compliant documents and products, and evaluate common occurrences of Shariah non-compliance. This will prepare you for careers in Islamic banking.
You’ll finish the course with actionable insights that you can take away and implement in your own company or organisation.
Syllabus
Week 1
Introduction to Operationalisation of Shariah: Product, Documentation & Process
Course Overview
Operationalisation of shariah is essentially the application of shariah principles, specifically in the field of Islamic finance.
Operationalisation of Diminishing Musharakah
There are many conventional loans to choose from when buying a house. Purchasing a house under Islamic finance is also no different, albeit the need to adhere to Islamic financial principles.
Summary and Reflection for Week 1
What have you learnt this week?
Week 2
Operationalisation of Al-Ijarah Thumma Al-Bai (AITAB)
Al-Ijarah Thumma Al-Bai (AITAB)
Al-Ijarah Thumma Al-Bai (AITAB), another Islamic Consumer Financing Products, is a unique Shariah-compliant financing method that seamlessly combines two contracts – Ijarah (leasing) and Al Bai (sale).
Summary and Reflection for Week 2
What have you learnt this week?
Week 3
Operationalisation of Commodity Murabahah
Personal Financing using Commodity Murabahah
Personal financing is also a financing tool that has its own underlying shariah principles.
Summary and Reflection for Week 3
What have you learnt this week?
Week 4
Conclusion and Next Step
Challenges in Operationalisation of Shariah in Islamic Finance Products
There are several challenges in operationalising shariah in Islamic finance
Course Recap
A brief rundown of what was covered in the course
What's Ahead?
What's in store for us when it comes to operationalising shariah?
Complete the Course
Congratulations, you have completed the 4-week lessons. Next, in order 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...
- Identify Shariah-compliant contracts employed in Islamic deposit products
- Describe the unique features, applications, and adherence to Shariah principles of financing products in Islamic banking
- Discuss the legal frameworks and transactional documents prevalent in Islamic banking
- Summarise the application of Shariah principles within the operational processes of Islamic banking
Who is the course for?
This course is designed for anyone wanting to adopt Shariah compliant practice in their work or personal finances.
It will be particularly useful for Shariah Committee members, policy-makers, board directors, and senior managers within the Islamic banking industry.
Who will you learn with?
Teaching Fellow at INCEIF University Malaysia in the post-graduate and professional studies in Islamic Banking & Finance. An accredited trainer and active module writer, exam reviewer and consultant.
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 | Buy this course | Subscribe & save | Limited access |
|---|---|---|---|
| Choose the best way to learn for you! | $109/one-off payment | $39.99 For your first month. Automatically renews | Free |
| Fulfill your current learning need | Develop skills to further your career | Sample the course materials | |
| Access to this course | tick | tick | Access expires 4 Jan 2025 |
| Access to 1,000+ courses | cross | tick | cross |
| Learn at your own pace | tick | tick | cross |
| Discuss your learning in comments | tick | tick | tick |
| Tests to check your learning | tick | tick | cross |
| Certificate when you're eligible | Printed and digital | Digital only | cross |
Cancel for free anytime |
Ways to learn
Choose the best way to learn for you!
Subscribe & save
$39.99
For your first month. 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
$109/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 Jan 2025
Find out more about certificates, Unlimited or buying a course (Upgrades) Sale price available until 29 December 2024 at 23:59 (UTC). T&Cs apply. | |||
Find out more about certificates, Unlimited or buying a course (Upgrades)
Sale price available until 29 December 2024 at 23:59 (UTC). T&Cs apply.
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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