Islamic Banking

The foundation of Islamic banking system is based on the Islamic faith and must stay within the limits of Shariah or Islamic law. All of its actions and deeds should be according to Ishariah.  Shariah is the Arabic word means the way to the source of life and is now used to refer to legal system in keeping with the code of behavior called for by the Holy Quran.

Islamic banking has the same purpose as conventional banking except that it operates is according to the rules of Shariah, known as Fiqh-al-Muamalat (Islamic rules on transactions). The basic principle of Islamic banking is the sharing of profit and loss and the prohibition of riba. Common terms used in Islamic banking include profit sharing (<Mudharabah), leasing (Ijarah). Safekeeping (Wadiah), and joint venture (Musharakah) all dealing, business approach, transaction, investments focus, product feature, responsibility are derived from the shariah law, which lead to the significant differences in many part of the operations.

Course Objectives

• Zero interest on deposits but capital guarantee
• Value erosion of funds due to inflation is remunerated
• Lending and investments in Islamic banking system
• Participatory financing and Islamic financial systems
• Interest free commercial banking

Who can apply?

Candidate with BA degree can apply for the course; preference shall be given to those who have the banking experience especially in Islamic sector. 

Admission Schedule and Fee Structure

Please refer to: Certificate Training Program - Admission Notice - September 2015

Contents

Materials Provided

• Presentations handouts
• Notes and related documents
• Course Certificate

Contact

Course Instructor	Dr. Mehboob-ur-Rashid, Lecturer, Institute of Management Studies, University of Peshawar – mehboob@upesh.edu.pk
Course Assistant	Minhaj Ullah – 03459391936 – minhajpeshawar@gmail.com

Preferred communication mode:

1. Post your queries in the comments system below
2. Address your email queries to the Course Instructor
3. Address your calls to Course Assistant

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