Learning Outcomes

Course Overview

Introduction with Almir Colan

What is Islamic Finance?

What is Sharia?

Islamic Perspective on Wealth

Historical Context of Modern Islamic Finance and Banking

Lesson Summary

In this module, you will be introduced to Islamic finance and banking and learn about the growth and potential for Islamic finance.

Sources of Islamic Law

Actions in Islam

Contract and Business Transactions

Common Elements of a Contract

Types of Transactions

Ownership Categories

Classifications of Contracts

Contract Conditions

In this module, you will learn about aspects of Islamic law and contracts such as types of transactions, ownership categories, and common elements of a contract.

Prohibitions of Interest (Riba)

Prohibitions of Risk (Gharar)

Islamic Insurance (Takaful)

Difference between Islamic and Conventional Banks

Modes of Islamic Financing: Debt or Equity Based

Equity Partnership, Joint Venture (Musharaka)

Investment Partnership (Mudaraba) & Banking

Leasing (Ijarah) & Leasing vs Sale

Cost Plus Sale (Murabahah)

Choosing an Islamic Product

Housing Finance

This module will teach you about modes of finance including prohibitions of interest and risk, conventional vs Islamic banks, and key Islamic finance products.

Role of Independent Sharia Boards

Global Regulatory Environment

Law, Sharia & Business

Next Steps and Options

Feedback and Close

In this module, you will learn about the role of the independent Sharia boards, the global regulatory environment, and hear an overall summary of the benefits of Islamic finance.

Global Islamic Finance and Banking: Course Assessment

Gain an understanding of the Islamic finance and banking industry as well as Sharia law, with this online course.

Global Islamic Finance and Banking

This free online Islamic Finance course will familiarise you with the principles and frameworks of Islamic banking. Islamic banking is a form of non-interest banking based on the principles of Sharia law and ethics designed to foster a healthy society. Islamic banking is one of the fastest-growing segments within the finance sector, start this free online course today to learn about the fascinating world of Islamic finance.

6 Best Free OCaml Courses for 2025

6 Best Cyber Threat Intelligence (CTI) Courses in 2025

Layoffs Hit Udemy: 20% Out as Some Jobs Move Overseas

2U Powered Degrees Pricing Chart: 112 Programs from $20K – $200K

10 Best Guitar Courses for Beginners in 2025

[2025] 2000+ Free SWAYAM + NPTEL Courses

Learn English as a Second Language (ESL) with Hundreds of Courses & Sites

Udemy’s 2021: Half a Billion Revenue, B2B Revenue Soars, B2C Plateaus

Coursera’s 2025 Strategy: Focusing on Campus, Scaling Back Degrees

A Decade of MOOCs: A Review of MOOC Stats and Trends in 2021

10,000+ Free Courses from Tech Giants: Learn from Google, Microsoft, Amazon, and More