The Islamic Financial Market industry reached an overall total value of USD 1.88 trillion as of 2015 and is expected to further grow rapidly. Islamic finance is one of financial services’ fastest developing sectors, growing at 10-12% annually in many Muslim countries.
Islamic finance seeks to distinguish itself from conventional, interest-based finance by promoting ethical and socially-responsible investments and raising, using and lending capital in accordance with Shari’ah, or Islamic law. This course provides you with an introduction to the tenets of Islamic banking and finance, explains its role within the conventional banking system and its contribution towards the country’s economy.
Simultaneously the course also explains Islamic ethics and expected behavior of individuals as per the Shari’ah.