Understanding Islamic Banking for Businesses
Discover Shariah-compliant financial products, solutions, and services within the scope of Islamic banking for businesses.
Duration
6 weeksWeekly study
1 hour100% online
How it works
Understanding Islamic Banking for Businesses
Elevate your business prowess by acquiring skills in Islamic banking and finance
In today’s global financial market, understanding Islamic financial principles is not just an advantage but a necessity. What do these principles involve, and how can businesses use them to their advantage?
On this five-week course from INCEIF University, get a comprehensive deep dive into the world of Islamic banking. Explore fundamental principles in fundraising, financial products for businesses, and risk management.
By the end of this course, you’ll have gained expert insights and competitive skills to navigate the intricacies of Islamic banking in the context of Shariah-compliant principles, and how to apply these principles to address the evolving needs of businesses, ensuring ethical and sustainable financial practices according to Islamic law.
Explore Islamic financing products and services
Begin this course with an inside look into the business lifecycle and how financial enterprises utilise fundraising to grow their operations.
Explore a range of Islamic banking solutions available to businesses, such as asset and term financing, all tailored to meet the diverse needs of businesses operating in a global financial landscape.
Understand how Islamic businesses evaluate risk when assessing financing applications
Gain valuable insights into risk assessment practices used by Islamic financial institutions and make informed decisions by applying quantitative and qualitative techniques when evaluating businesses.
Discuss pricing strategies utilised by banks, considering factors such as customer relationships and collateralisation.
Learn more from the experts at INCEIF University
If you want to expand your knowledge of Islamic banking, consider taking another online course from INCEIF, such as their “Understanding Islamic Banking for Consumers.”
Syllabus
Week 1
Fund raising and business life cycle
When is Funding Required?
Understanding the pivotal question of "When is business funding required?" is essential for entrepreneurs and business owners to effectively strategise and navigate the financial landscape of your ventures.
Business Life Cycle
The business life cycle, or the operating life cycle, are the stages that a business typically goes through from its inception to its eventual closure, encompassing key milestones and phases of growth, maturity, and decline.
Special Financing Arrangement
Special financing arrangements refer to unique financial agreements tailored to meet specific needs or circumstances, offering alternative terms or structures beyond conventional lending options. Learn more in this subtopic.
Knowledge Check
Congratulations for completing Week 1. Test your understanding by answering this short quiz.
Week 2
Islamic business financing products and services
Types of Islamic business financing products and services
Learn more about the different types of Islamic business financing products and services.
Knowledge Check
Congratulations for completing Week 2. Test your understanding by answering this short quiz.
Week 3
Islamic trade financial products and services
Islamic trade financial products and services
Islamic trade financial products and services encompass a range of Shariah-compliant solutions designed to facilitate trade transactions while adhering to Islamic principles, promoting ethical and equitable business practices.
Knowledge Check
Congratulations for completing Week 3. Test your understanding by answering this short quiz.
Week 4
Financing Process and Evaluation
Introduction to Credit or Financing Process
Financial institutions, both Islamic and conventional, have to properly evaluate the level of risk they are exposing themselves to when offering financing solutions. This topic will be explored this week.
Qualitative Evaluation
Learn how financial institutions, both Islamic and conventional, evaluate businesses beyond just financial data to shed light on the broader aspects considered in the financing application process.
Quantitative Evaluation
The quantitative evaluation of businesses includes analysing numerical data such as revenue, assets, and cash flow, among others, to assess their financial health and creditworthiness. Learn more in this subtopic.
Knowledge Check
Congratulations for completing Week 4. Test your understanding by answering this short quiz.
Week 5
Pricing of Business Financing Products
Introduction to Pricing of Business Financing Products
Learn what are the factors that influence the pricing of busines financing products.
Components of Pricing
There are several components that can affect the pricing of a financing solution for businesses.
Knowledge Check
Congratulations for completing Week 5. Test your understanding by answering this short quiz.
Week 6
Collaterals in Financing
Collaterals and Security in Financing
Learn about collaterals and security in financing; attributes of good security; forms of security and charges and the importance of documentation
Knowledge Check
Congratulations for completing Week 6. Test your understanding by answering this short quiz.
Conclusion and Next Step
A summary of the course highlighting the key takeaways as well as an assessment of your learning journey.
Assessment
Let's put your newfound knowledge to the test with this comprehensive quiz designed to assess your understanding of the course material.
When would you like to start?
Start straight away and join a global classroom of learners. If the course hasn’t started yet you’ll see the future date listed below.
Available now
Learning on this course
On every step of the course you can meet other learners, share your ideas and join in with active discussions in the comments.
What will you achieve?
By the end of the course, you‘ll be able to...
- Discuss how businesses operate, including business lifecycle
- Identify the various business financing needs and the bank’s financing products
- Explain how the Islamic banks evaluate the financing applications/proposals of business customers
- Summarise the common risks faced by businesses
- Describe how the banks price their products and the relationship between pricing and collaterals
Who is the course for?
This course is designed for anyone interested in deepening their understanding of Islamic banking practices, including banking professionals, accountants, financial advisers, consultants, bank customers, students, and the general public.
Who will you learn with?
INCEIF University is the knowledge leader in Islamic finance, achieved through the provision of excellent teaching, research and thought leadership.
Who developed the course?
INCEIF
INCEIF is considered to be the knowledge leader in Islamic finance through providing excellent teaching, research and thought leadership.
Ways to learn | Buy this course | Subscribe & save | Limited access |
|---|---|---|---|
| Choose the best way to learn for you! | $134/one-off payment | $244.99 for one whole year Automatically renews | Free |
| Fulfill your current learning need | Develop skills to further your career | Sample the course materials | |
| Access to this course | tick | tick | Access expires 1 Jul 2024 |
| Access to 1,000+ courses | cross | tick | cross |
| Learn at your own pace | tick | tick | cross |
| Discuss your learning in comments | tick | tick | tick |
| Tests to check your learning | tick | tick | cross |
| Certificate when you're eligible | Printed and digital | Digital only | cross |
Cancel for free anytime |
Ways to learn
Choose the best way to learn for you!
Subscribe & save
$244.99 for one whole year
Automatically renews
Develop skills to further your career
- Access to this course
- Access to 1,000+ courses
- Learn at your own pace
- Discuss your learning in comments
- Tests to boost your learning
- Digital certificate when you're eligible
Cancel for free anytime
Buy this course
$134/one-off payment
Fulfill your current learning need
- Access to this course
- Learn at your own pace
- Discuss your learning in comments
- Tests to boost your learning
- Printed and digital certificate when you’re eligible
Limited access
Free
Sample the course materials
- Access expires 1 Jul 2024
Find out more about certificates, Unlimited or buying a course (Upgrades) Sale price available until 3 June 2024 at 23:59 (UTC). T&Cs apply. | |||
Find out more about certificates, Unlimited or buying a course (Upgrades)
Sale price available until 3 June 2024 at 23:59 (UTC). T&Cs apply.
Learning on FutureLearn
Your learning, your rules
- Courses are split into weeks, activities, and steps to help you keep track of your learning
- Learn through a mix of bite-sized videos, long- and short-form articles, audio, and practical activities
- Stay motivated by using the Progress page to keep track of your step completion and assessment scores
Join a global classroom
- Experience the power of social learning, and get inspired by an international network of learners
- Share ideas with your peers and course educators on every step of the course
- Join the conversation by reading, @ing, liking, bookmarking, and replying to comments from others
Map your progress
- As you work through the course, use notifications and the Progress page to guide your learning
- Whenever you’re ready, mark each step as complete, you’re in control
- Complete 90% of course steps and all of the assessments to earn your certificate
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