• Basic guide to contemporary Islamic Banking and Finance (PDF)
• Malaysia to allow all banks to conduct Islamic banking in foreign currencies
• Islamic Finance and faith as commodity
• Islamic Finance hurdles in bid to boost West exposure
• Investing as pleases God
• NYT: Islamic Finance and Its Critics
• What is islamic banking?
• Islamic banking courses
• Video Islamic Finance: Applying religion to economics
• Wat is takaful?
• About islamic banking
• Islamic Financing - Basics & overview
• Islamic Finance - Broaden your horizons

IslamicBankingCourse.com
Why Study Islamic Banking and Finance?

Islamic banking is now one of the fastest growing sectors of the financial market place, largely driven by the new wealth of the Middle East and by the need for Muslims, representing one-fifth of the world’s population, to find islamically acceptable financial products.

slamic financial institutions currently operate in more than 75 countries with assets exceeding US$ 400 billion. This represents a 45 fold growth rate since 1982. However Islamic finance, based as it is on the fact that financial activities have to be interest free, poses many challenges for anyone seeking to unravel its workings.

The training courses listed below are designed to break through the mysteries and complexities of what, to an outsider, can sometimes be seen as a myriad of puzzling banking principles.

Where and when are the courses taught?
The courses are taught IN-HOUSE, world wide at the convenience of the client. They can be tailor-made to the clients requirements.

How are the courses delivered?
Participants can choose between two possible Training Routes for the course delivery. Read more on www.islamicbankingcourses.com

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What is islamic banking

Ask a conventional banker exactly what is Islamic banking. He will probably mumble something about religion. He will then say well they cannot charge interest but they use something else which is the same thing. This ‘something else’, incidentally, is never defined. He will then move on to describe Islamic banking as being about smoke and mirrors. To conclude he will then profoundly announce that, with a few tweaks, it is what he does every day anyway. And that, to him, is the end of it. But, more realistically, what exactly is Islamic banking all about?

Islamic financial institutions are those that are based, in their objectives and operations, on Qur’anic principles. They are thus set apart from ‘conventional’ institutions, which have no such religious preoccupations. Islamic banks provide commercial services which comply with the religious injunctions of Islam. Islamic banks provide services to their customers free from interest, (the Arabic term for which is riba), and the giving and taking of interest is prohibited in all transactions. This prohibition makes an Islamic banking system differ fundamentally from a conventional banking system.

This rejection of interest poses the central question of what replaces the interest rate mechanism in an Islamic framework. Financial intermediation is at the heart of modern financial systems. If the paying and receiving of interest is prohibited, how do Islamic banks operate? Here Profit and Loss Sharing (PLS) comes in, substituting profit-and-loss-sharing for interest as a method of resource allocation and financial intermediation.

www.islamicbankingcourses.com