Skip to content
View menu
Al Balagh Academy
Log in
Islam

Islamic Banking And Finance – Level 1


Course
Enrollment for £19.99

Islamic Banking And Finance – Level 1

About The Course

Islamic Banking and Finance – Level 1 aims to introduce students to core norms, modes, principles, basic models of Islamic banking and finance, and to the analysis of the relationship between Islamic and conventional banks. Composed of 14 online lectures, the course covers a range of topics, including the prohibition of Riba, Islamic financial contracts, Islamic capital market, Islamic microfinance models, Islamic insurance, and other contemporary issues related to Islamic finance.
The course will also address the real-world dilemmas related to banking loans, overdrafts, mortgages, insurance issues faced by Muslims while dealing with conventional banking. This entry-level course is suitable for both beginners and those with a good understanding of Islamic finance. A beginner will be given an overview of the basic functioning of finance in Shar’iah, and those with better knowledge of Islamic finance will be educated on the systematic approach to Shar’iah based finance. This foundational ideology will then be built further in level two and three of the course, where one, as an entry-level student, will develop a personal approach to Islamic finance and economics.

Course Team

Mufti Muhammad ibn Adam al-Kawthari
Mufti Muhammad ibn Adam al-Kawthari (Darul Iftaa, Leicester, UK )
Dr Mohammad Abdullah Nadwi
Dr Mohammad Abdullah Nadwi (PhD, CSAA)
Dr Shariq Nisar
Dr Shariq Nisar (Co-Founder of TASIS (Taqwaa Advisory and Shariah Investment Solutions), Professor, Economist)

At A Glance

  • 14 Live Online Sessions 14 Live Online Sessions
  • Duration: 4 Months Duration: 4 Months
  • Sundays, 3:00PM - 4:00PM (London, UK) Sundays, 3:00PM - 4:00PM (London, UK)
  • Video Recordings Available Video Recordings Available
  • Access to Mobile App Access to Mobile App
  • Digital Certificate Digital Certificate

Enroll Now

  • Starts on 23rd February 2025
  • Course Fee:
    Pay in Full: £79.99 £19.99
  • Registration Deadline: 22nd February 2025

Al Balagh Scholarship

AlBalagh Scholarship is available for learners who cannot afford the fee. Learn More and Apply

Course Overview

This unique Islamic Banking and Finance course will provide you with a comprehensive understanding of the practical functionality of Shar’iah based finance. It is a must for both students and professionals who are engaged in the banking and finance industry and desire to understand pivotal Islamic financial principles and ideas. The course is further suitable for Ulama, Sharīʿa scholars, students of Ilm, and all those who have a keen interest in Islamic finance.

Learning Objectives

This Course Aims To:

  • Identify and understand the Islamic financial contracts that exist in both the classical and modern Islamic banking and financial systems.
  • Understand the history of Islamic banking and the framework of the present financial market in light of Islamic standards and principles.
  • Comprehend and recognise the rationality behind Islamic rulings on various financial contracts.
  • Differentiate between Islamic banking, finance, and other conventional models.

Learning Outcomes

On Successful Completion Of The Course, The Students Will:

  • Become familiar with foundational Islamic banking and finance.
  • Distinguish between Islamic banking and conventional banking.
  • Gain insight into all facets of Islamic banking and finance, including the history of Islamic banking along with an understanding of Islamic economics.
  • Be equipped with the understanding of rationality behind Islamic rulings on various financial contracts.

MODULES

Module 1

Islamic Economics – Key Principles

Module 2

Capitalism, Socialism, Communism And Islamic Economics System

Module 3

Islamic Contract And Valid Sale Agreement

Module 4

Conventional Banking System – An Overview

Module 5

Major Prohibitions And Key Principles

Module 6

Islamic Banking System – An Overview

Module 7

Introduction to Fintech and its relevance for Islamic Finance

Module 8

Islamic Stock/Share Market

Module 9

Islamic Micro Finance

Module 10

Islamic Modes of Finance – Key Sharia Principles

Module 11

Takaful: Islamic Insurance

Module 12

Sharia Board, Sharia Audit and Sharia Compliance

Module 13

Islamic Banking and Finance – Implementing A Robust Sharia Governance Framework in the West

Module 14

Cryptocurrency, NFT (Non Fungible- Tokens) and Islamic Rulings

Here is the course outline:

Welcome Aboard: Course Introduction

WhatsApp Discussion Group

Pre Course Survey

LMS Orientation

Session 01 -

Session 2 -

Session 3 -

Session 4 -

Session 7 -

Session 8 -

Session 9 -

Session 10 -

Session 11 -

Session 12 -

Session 13 -

Session 14 -

Session 15 -

Post Course Survey

Back to top