Islamic Banking Notes and Lecture

Free Islamic Banking Notes & Lectures

Following are the Islamic banking notes on key areas of Islamic banking.
Each Islamic banking lecture is designed by leading Shariah scholars and delivered through highly interactive learning contents.

Shariah

“Sharia” means “a way”, and in Islamic terminology, it means, a “Legal System of Islam”. Sharia law refers to the matters of religion that Allah has ……

What is Islamic Banking

In contrary, Islamic banking system is based on the principle of partnership. In Islamic banking, the shareholders, the depositors and the borrowers-all would …..

Riba

Riba means usury and is forbidden in Islamic economic jurisprudence. Riba refers to excessive or exploitative charging of interest and also refers to the concept ……

Risk Management in Islamic Banking

Risk management products that are an outcome of a sophisticated process of financial engineering enable companies to share, transfer and avoid partially or ……

Murabahah

Through Murabahah Financing, the Islamic financial institution, upon request by the customer, purchases the asset from a third party and resells …..

Salam

Salam is an Islamic financial product, in which there are 3 basic conditions for a validity of a sale. Purchased commodity must be existing, seller should …..

Mudarabah

If investment made from one partner and services from other partner, it is called “Mudarabah”. Investor is called “Rabb-ul-Mal” and the working partner …..

Takaful

There are different types of insurance policies but the one known in Islam is Takaful or Shariah Insurance. Takaful meaning is providing guarantee in an Islamic way ….

Accounting in Islamic Banking

Objectives of Islamic accounting are different from those of conventional accounting. Because Islamic financial institutions deal within a Shariah framework, as a result …

Islamic Economic System

Islamic economics start with the differences it has with the capitalistic, communistic, socialistic, and other mixed types of economic engines that have existed over …..

History of Islamic Banking

Modern Islamic economics is based on these early Islamic teachings, but has also been strongly shaped by the colonization of Islamic lands, struggles for …….

Islamic Banking VS Conventional Banking

Take a deep review of Islamic banking and financial, by considering some major differences between Islamic banking system and conventional banking systems ….

Islamic Financial Instruments

Islamic banks utilize Islamic modes of financing, which are mainly divided into two types. Side of liabilities or resource mobilization and Side of assets or …..

Ijarah

Ijarah is a well know Islamic financial product. In this mode of finance, Anything which cannot be used without consuming cannot be leased out e.g. Money, Wheat, ….

Diminishing Musharakah

The literal meaning of Musharakah is sharing. The root of the word “Musharakah” in Arabic is Shirkah, which means being a partner. It is used in the same context …..

Wakalah

Wakala refers to a contract where a principal (or muwakkil) authorizes or appoints an agent (or wakeel) to do a well-defined legal action on his or her behalf.

Types of Takaful

There are two basic types of takaful. General Takaful offers all kinds of non-life risk coverage, and Family Takaful is for dangers related with human life like demise, …..

Islamic Banking Terms

This section give definition and brief overview of major terminologies in Islamic Economics, Islamic Banking, Islamic Finance, Islamic Insurance (Takaful)…

Hadith narrated by Hazrat Jabir (Radiallahu Anhu)!

The Prophet (Allah bless him and give him peace), may cursed the receiver and the payer of interest, the one who records it and the two witnesses to the transaction and said: “They are all alike [in guilt]”

(Reference: Muslim, Mushqaat & Tirmidhi)

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