Fundamentals of Islamic Finance
Principles, prohibitions, contracts and institutions, explained clearly
Introductory · 8 hours · 21 lessons · Language: English and Arabic
Access for 1 days
A complete introduction to Islamic finance for students, banking professionals and anyone who wants to understand how Shariah-compliant finance works in practice.
You will learn where the rules come from, why riba, gharar and maysir are prohibited, how sale, lease and partnership contracts are structured, how Islamic banks, sukuk and takaful operate, and how Shariah governance keeps institutions compliant. Each module has a reading, presentation slides, study notes to download and a practice quiz with explanations. Module 2 includes an interactive exercise. The course ends with a final exam.
This course is educational material written by ifSPACE. It is not a fatwa and does not replace advice from a qualified Shariah scholar for specific cases.
What you will learn
- Explain the sources of Shariah rulings and the objectives (maqasid) behind Islamic finance
- Identify riba, gharar and maysir and explain why they are prohibited
- Describe how murabaha, salam, istisna, ijarah, musharakah and mudarabah work
- Explain how Islamic banks, sukuk and takaful are structured
- Describe the role of Shariah boards, standard-setting bodies and professional ethics
Syllabus
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1.Foundations of Islamic finance
- Welcome to the courseFree preview1 min
- Shariah, fiqh al-muamalat and the purpose of Islamic financeFree preview25 min
- Module 1 presentation15 min
- Module 1 practice quiz
2.The prohibitions: riba, gharar and maysir
- Riba, gharar and maysir explained30 min
- Module 2 presentation15 min
- Interactive: spot the prohibition20 min
- Module 2 practice quiz
3.Sale-based contracts: murabaha, salam and istisna
- How sale-based financing works30 min
- Module 3 presentation15 min
- Module 3 practice quiz
4.Leasing and partnerships: ijarah, musharakah and mudarabah
- Leasing, partnership and profit sharing30 min
- Module 4 presentation15 min
- Module 4 practice quiz
5.Islamic banks, sukuk and takaful
- Inside Islamic financial institutions and markets30 min
- Module 5 presentation15 min
- Module 5 practice quiz
6.Shariah governance, standards and professional ethics
- Keeping Islamic finance compliant25 min
- Module 6 presentation15 min
- Module 6 practice quiz
- Course summary and next steps10 min