Fundamentals of Islamic Finance
- The underpinning sources of Islamic Finance and role of the schools of thought
- Defining the principles and prohibitions of Islamic Finance such as:
- Riba
- Unjust Enrichment
- Certainty in dealings
- Speculation and gambling
- Haram
- Profit and Loss sharing
- Appointment, role of, and issues with, the Shari’a Supervisory Board
- International accounting and auditing standards of AAOIFI and IFSB
- Focus on the traditional Islamic contracts, products ands services including:
- Murabaha
- Ijara
- Istisna
- Mudaraba
- Musharaka
- Salam
- Qard Hasan
- Takaful
- recent innovations such as Sukuks



