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Fundamentals of Islamic Finance

CPD Accredited ! Free Certification | FREE Retake Exam | Lifetime Access | No Hidden Fees


Online Training Academy

Summary

Price
£12 inc VAT
Study method
Online, On Demand What's this?
Duration
1.4 hours · Self-paced
Qualification
No formal qualification
CPD
10 CPD hours / points
Certificates
  • Digital certificate - Free
  • Reed Courses Certificate of Completion - Free
Additional info
  • Tutor is available to students

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Overview

Unlock the fundamentals of Islamic finance with our comprehensive online course. Whether you're new to the field or seeking to deepen your understanding, this course offers a structured exploration into the principles that govern ethical financial practices in Islam.

Key Features:

  • CPD Certified
  • Free Certificate from Reed
  • CIQ Approved
  • Developed by Specialist
  • Lifetime Access

Certificates

Digital certificate

Digital certificate - Included

Reed Courses Certificate of Completion

Digital certificate - Included

Will be downloadable when all lectures have been completed.

CPD

10 CPD hours / points
Accredited by CPD Quality Standards

Curriculum

1
section
7
lectures
1h 27m
total
    • 1: Module 01: Ethics and Principles of Islamic Finance 11:06
    • 2: Module 02: Fundamentals of Islamic Finance 14:52
    • 3: Module 03: Islamic Finance in Practice 10:22
    • 4: Module 04: Takaful 14:03
    • 5: Module 05: Islamic Funds and Risk Management 18:28
    • 6: Module 06: Islamic Finance in the UK 16:15
    • 7: CPD Certificate - Free 01:00 PDF

Course media

Description

In this course on Fundamentals of Islamic Finance, learners delve into the ethical principles and operational framework of financial practices aligned with Islamic law (Shariah). They explore the fundamental concepts that distinguish Islamic finance from conventional finance, such as the prohibition of interest (riba) and the emphasis on profit-sharing arrangements (mudarabah and musharakah). The course covers practical applications of Islamic finance in various financial products and services, including Takaful (Islamic insurance) and Islamic funds. It also addresses risk management strategies unique to Islamic finance contexts. Learners gain insights into the adaptation and implementation of Islamic financial principles within the regulatory environment of the United Kingdom.

Overall, the curriculum equips learners with a comprehensive understanding of how Islamic finance operates ethically and effectively within global financial systems, preparing them to navigate and contribute to this specialized field.

Course Curriculum

  • Module 01: Ethics and Principles of Islamic Finance
  • Module 02: Fundamentals of Islamic Finance
  • Module 03: Islamic Finance in Practice
  • Module 04: Takaful
  • Module 05: Islamic Funds and Risk Management
  • Module 06: Islamic Finance in the UK

Learning Outcomes:

  • Explain key principles of Islamic finance ethics and regulations confidently.
  • Apply fundamental concepts of Islamic finance in theoretical scenarios effectively.
  • Analyse practical applications of Islamic finance principles in real-world contexts.
  • Describe the principles and operations of Takaful insurance accurately.
  • Evaluate risk management strategies within Islamic funds comprehensively.
  • Discuss the development and challenges of Islamic finance in the UK.

Who is this course for?

  • Financial professionals seeking knowledge in Islamic finance principles.
  • Students interested in understanding ethical financial practices in Islamic contexts.
  • Researchers exploring the application of Sharia-compliant finance in global markets.
  • Individuals pursuing careers in Islamic banking and finance sectors.
  • Consultants advising on financial services compliant with Islamic law.

Career path

  • Islamic Finance Analyst
  • Sharia Compliance Officer
  • Takaful Insurance Specialist
  • Islamic Investment Advisor
  • Financial Risk Manager
  • Islamic Finance Consultant

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FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.