Introduction to Islamic Finance & Funds
- What is Riba ( Interest ) – Prohibition of Riba in Islam
- Fundamentals of Islamic Economics.
Islamic Financial Products
- Musharaka & Mudaraba
- The basic rules and Features of Musharakah & Mudarabah
- Distribution of Profit & Loss in Musharakah & Mudarabah
- Diminishing Musharaka
- Determine the Rental in Diminishing Musharakah
- Unit Sale mechanism in Diminishing Musharakah
- Diminishing Musharakah as Ideal product for Islamic Housing Finance.
- Bai (Buying & Selling)
- Basic Rules & Kind of Bai.
- Bai Murabahah
- Basic Features of Mudarabah
- Murabaha as financing mode
- Stages involve in Murabaha sale
- Shariah compliance & Murabaha Products
- Legal documentation of Murabaha contract
- Murabaha in International Trade.
- Practical aspects & Issues of Murabaha.b
- Case study
- Bai Salam & Parallel Salam
- Bai Istisna
- Difference between Salam & Istisna
- Some other Type’s of Bai ( Tawarruq, Bai Musawamah, Bai Surf, Bai Urboon, Bai Eenna, Bai Touliya, Bai Wadhia )
- Bai according to Quality (Bai Salah, Bai Fasid, Bai Batil, Bai Maqoof, Bai Majool, Bai Muqayaddah, Bai Mu’ajal )
- What is leasing?
- Sharia’h alternative - Ijarah.
- Ijarah ( Operating Lease ) vs. conventional leasing ( Financial Leasing
- Sharia’h compliance of Ijarah
- Legal framework & documentations for ijarah products
- Basic feature of Ijarah contract & Its Operational Mechanism
- Practical aspects & Issues of Ijarah.
- Sukuk Al Ijarah.
- Case study
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