Applications of Financing Forms in Islamic Banks Course

USD 106
USD 53

Duration
03:38:53 hours

Access Time
Lifetime

Language
Arabic

Resources
(3)

Skill Level
( General - Specialized )

1299

Duration
03:38:53 hours

Access Time
Lifetime

Language
Arabic

Resources
(3)

Skill Level
( General - Specialized )

USD 106
USD 53

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About the instructor

Ahmed Shawky

Certified risk manager American academy of financial management

Over 21 years of extensive experience – Deputy General Manager of Risks at one of the largest Egyptian banks – Assistant Professor at the Islamic University in Minnesota, USA, with branches in Senegal and Mauritania – Accredited Director in the Academic Risk Management Department of the American Academy of Financial Management – Advisory Board Member for the Egypt Center for Economic and Strategic Studies.

Objectives of Applications of Financing Forms in Islamic Banks Course

Islamic banks are one of the pillars of the Islamic financial services industry. Islamic banking engages in the trade of goods and services within the economy through a diverse range of contracts and formulas. These have gained acceptance not only in many Islamic and Arab countries but have also extended to include Western nations. The contracts and financing formulas in Islamic banks differ from those in traditional banks, which are primarily based on a single product, loans, varying in nature and the purpose they finance. The stages, pillars, and Shariah guidelines for implementing Islamic financing contracts differ among sale-based formulas such as Murabaha, Istisna, Salam, and Tawarruq, participation formulas such as Mudarabah and Musharakah, and donation contracts such as Qard Hasan. Adhering to these guidelines is essential to ensure the legitimacy of the profit derived from these contracts, preventing corruption and avoiding losses resulting from the failure of the profit-seeking bank to apply the contracts in accordance with Shariah guidelines for each contract

You Will Learn

By the end of this program, the trainee will be able to:

Identify the fundamental differences between Islamic banks and traditional banks.
Identify the Shariah principles governing Islamic banking operations.
Differentiate between traditional financing operations and Islamic financing.
Outline the steps and stages of implementing Islamic financing formulas individually.
Apply Islamic financing formulas in the process of providing financing to clients.