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FutureLearn

Islamic Banking: Limitations and Issues of Shariah

INCEIF University via FutureLearn

Overview

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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.

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.

Syllabus

  • Introduction to the Causes of Shariah Non-compliant Events in Banking Operations
    • Welcome to the Course
    • Major Causes of Shariah Non-compliant Events in Banking Operations
    • Check your Understanding
    • Key Takeaways for Week 1
  • Importance of Governance and Reporting of Shariah Non-compliant Events
    • Importance of Governance and Reporting of SNCE
    • Check Your Understanding
    • Key Takeaways for Week 2
  • Limitation and Issues in Handling Shariah-related Products
    • Navigating Challenges: Shariah Compliance in Islamic Banking
    • Check Your Understanding
    • Key Takeaways for Week 3
  • Importance of Process-flow and Documentation During the Process of Aqad Execution
    • Why Process-Flow and Documentation Are Key to Shariah-Compliant Aqad Execution
    • Check Your Understanding
    • Key Takeaways for Week 4
  • 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 Study 2: SNCE on the absence of commodity trading in respect of Commodity Murabahah Revolving Financing (CMRF)
    • Complete the Course

Taught by

Abdul Rahman ARMY

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