Islamic finance : introduction

Understand the fundamentals of Islamic finance

After setting out the basic rules of Islamic finance and explaining the meaning of zakat and ribat, the course moves on to elements of Shariah compliance and the role of the Shariah Council.

The second part of the course pertains to investments like sukuk (Islamic bonds), authorised structured products and derivatives.

The third module of the course deals with credit in Islamic finance, differentiating between loans and debts and focusing on deferred sale (Bay Muajjal, Murabaha), Lombard loans, mortgages and trade financing.

The course concludes with a presentation on inheritance planning, with an explanation of the basic principles of Islamic inheritance law with special emphasis on foundations and trusts.