Class Central is learner-supported. When you buy through links on our site, we may earn an affiliate commission.

FutureLearn

Understanding Islamic Banking for Consumers

INCEIF University via FutureLearn

Overview

Elevate your banking skills by mastering key Islamic finance principles

Understanding consumer needs, including those specific to Islamic banking, is paramount to strong financial management. To do so, however, it’s critical to stay informed about what banking services and products are available to consumers, and how they are changing given the ever-evolving financial industry.

Stay ahead of the curve by joining this five-week course from INCEIF University, where you’ll gain invaluable insights and skills specific to the Islamic banking system. Designed to provide essential knowledge for both customers and business professionals, this course covers key rules, principles, and practices for Shariah-compliant banking.

Understand the frameworks of Islamic finance, from fundraising to business finance to trade

After an introduction to the business life cycle and the legal and ethical framework of Shariah Law, take a closer look at Islamic financial products and services available to consumers.

You’ll learn what consumers expect from financing solutions today, and how Islamic banking solutions and services meet those needs. You’ll also review new financial technologies and their implications for Shariah Law.

Explore financing, risk analysis, and due diligence as it relates to Islamic finance

Examine key Shariah-compliant financial processes, including credit, risk analysis, and due diligence. You’ll learn what differentiates Islamic financial products and processes, and how these can protect consumer interests.

Gain quantitative and qualitative skills in financial evaluation, and understand the role of collateral in financing. By the end of this course, you’ll be equipped to make more informed financial decisions as a consumer and banking professional.

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.

Syllabus

  • Introduction to Structuring Financial Requirement and Solutions for Consumers
    • Do you know what your customers want?
    • Worldview Of Islam
    • Regulatory Requirement and Governing Legal Framework
  • Understanding Customers' Needs
    • Introduction to Financing Requirements of Consumers
  • Islamic Banking Products and Services for Consumers
    • Basic Functions of Islamic Banks
    • Islamic Banking Solutions and Services
  • Introduction to Credit/Financing Process
    • Introduction to Credit or Financing Process
  • Introduction to Risk Analysis and Due Diligence
    • Risk Analysis
    • Credit Scoring
    • Conclusion and Next Step

Taught by

Abdul Rahman Mohd Yusoff ARMY

Reviews

5 rating at FutureLearn based on 1 rating

Start your review of Understanding Islamic Banking for Consumers

Never Stop Learning.

Get personalized course recommendations, track subjects and courses with reminders, and more.

Someone learning on their laptop while sitting on the floor.