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Islamic Banking 101: The Essentials for Beginners

Gain an understanding of Islamic banking principles to enhance your financial literacy and contribute effectively to the sector.

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Islamic Banking 101: The Essentials for Beginners

  • 3 weeks

  • 1 hour per week

  • Digital certificate when eligible

  • Introductory level

Find out more about how to join this course

  • Duration

    3 weeks
  • Weekly study

    1 hour
  • 100% online

    How it works
  • Unlimited subscription

    $244.99 for a whole yearLearn more

Delve into Islamic finance and ethical banking

This three-week course will ensure you understand the foundational principles that differentiate Islamic banking from conventional banking systems.

You’ll become familiar with key Islamic financial products such as Murabahah, Ijarah, and Tawarruq and their practical applications.

By the end, you’ll have elevated financial literacy and be able to foster ethical banking practices. Moreover, you’ll have networking opportunities within the Islamic banking community.

Gain a solid introduction to Islamic banking

You’ll begin by exploring the fundamental aspects of Islamic banking including the principles and objectives that underpin this financial system.

By engaging with the course materials, you’ll develop a solid foundation in the Islamic financial system and its governance framework.

Delve into Shariah principles

Next, you’ll delve deeper into the Shariah principles that guide Islamic banking practices.

You’ll examine underlying Shariah contracts and their relevance to banking, enhancing your understanding of Islamic contracts and their operational processes.

Through interactive materials, you will analyse the pillars of these contracts and become familiar with the legal and transaction documents associated with them.

Discover Islamic banking products with INCEIF

As you progress, you’ll engage with a variety of Islamic banking products and services. This will allow you to explore their applications and implications within the financial sector.

Learning from the experts at INCEIF, you’ll finish the course able to define the core principles of Islamic banking, navigate its complexities, and contribute positively to its advancement.

Syllabus

  • Week 1

    Introduction to Islamic Banking

    • Welcome banner

      Welcome

      Welcome to Islamic Banking 101: The Essentials for Beginners course. This course is your gateway to understanding how Islamic banking fosters economic development through fair and just financial systems.

    • The principles and Objective of Islamic Banking

      Ever wondered how finance operates under Islamic principles? We'll unveil the core values of Islamic Banking, contrasting it with conventional banking practices.

  • Week 2

    Shariah Principles in Islamic Banking

    • Discussions

      Discussion

      Before we dive into Week 2, let's review about what we learned last week and what exciting things are coming up!

    • Underlying Shariah Contracts and Modus Operandi

      We're diving into the heart of Islamic finance which are the Shariah-compliant contracts! These contracts are the foundation of ethical and equitable transactions.

  • Week 3

    Islamic Banking Products and Services

    • Discussions

      Discussion

      Before diving into Week 3, let's review what we learned from week 2 and what exciting topics are coming up!

    • Islamic Banking Products and Services

      This week, we're diving into the exciting world of Islamic Banking Products and Services! Explore the diverse options offered by Islamic banks, from deposit accounts to investment opportunities and financing solutions.

When would you like to start?

Start straight away and join a global classroom of learners. If the course hasn’t started yet you’ll see the future date listed below.

  • Available now

Learning on this course

On every step of the course you can meet other learners, share your ideas and join in with active discussions in the comments.

What will you achieve?

By the end of the course, you‘ll be able to...

  • Explain the core principles of Islamic banking, including essential elements and prohibited practices in its application.
  • Apply a foundational understanding of Islamic banking contracts in legal documentation, transactions, calculations, and overall operational processes.
  • Evaluate Shariah contracts commonly used in both deposit and financing products, fostering critical thinking skills and promoting an in-depth understanding of Islamic banking practices.

Who is the course for?

This course is designed for anyone interested in learning more about Islamic banking.

You could be a policymaker, working in financial institutions or a postgraduate student.

Who will you learn with?

Who developed the course?

INCEIF logo

INCEIF

INCEIF is considered to be the knowledge leader in Islamic finance through providing excellent teaching, research and thought leadership.

Ways to learn

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Ways to learn

Choose the best way to learn for you!

Subscribe & save

$244.99 for a whole year

Automatically renews

Develop skills to further your career

  • Access to this course
  • Access to 1,000+ courses
  • Learn at your own pace
  • Discuss your learning in comments
  • Digital certificate when you're eligible

Cancel for free anytime

Buy this course

$109/one-off payment

Fulfill your current learning need

  • Access to this course
  • Learn at your own pace
  • Discuss your learning in comments
  • Printed and digital certificate when you’re eligible

Limited access

Free

Sample the course materials

  • Access expires 25 Feb 2025

Find out more about certificates, Unlimited or buying a course (Upgrades)

Sale price available until 3 March 2025 at 23:59 (UTC). T&Cs apply.

Find out more about certificates, Unlimited or buying a course (Upgrades)

Sale price available until 3 March 2025 at 23:59 (UTC). T&Cs apply.

Learning on FutureLearn

Your learning, your rules

  • Courses are split into weeks, activities, and steps to help you keep track of your learning
  • Learn through a mix of bite-sized videos, long- and short-form articles, audio, and practical activities
  • Stay motivated by using the Progress page to keep track of your step completion and assessment scores

Join a global classroom

  • Experience the power of social learning, and get inspired by an international network of learners
  • Share ideas with your peers and course educators on every step of the course
  • Join the conversation by reading, @ing, liking, bookmarking, and replying to comments from others

Map your progress

  • As you work through the course, use notifications and the Progress page to guide your learning
  • Whenever you’re ready, mark each step as complete, you’re in control
  • Complete 90% of course steps and all of the assessments to earn your certificate

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