Module III - Islamic Financial Trade and Rental Products

4 Lessons / 12 Week

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Course Description

Schedule:

This module covers three trade products and one rental product very widely used in Islamic banks worldwide. Trade products include Murabaha financing, Salam financing and Istisna’a financing. In a rental based Islamic financial product, you will learn Ijara – an alternative to conventional lease. You will learn the core concepts of all these products and how these are applied in Islamic banks. This module will give you a thorough knowledge of asset side of Islamic banks.

The key topics covered include:

  • Concept, basic rules and application of Murabaha financing.
  • Concept, conditions and application of Salam financing.
  • Concept, basic rules and application of Istisna’a financing.
  • Concept, types, basic rules and application of Ijara financing.

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Course Facilitators

Dr. Ameenullah Aman, PhD, Mufti, MBA.

Mr. Rahmatullah, Islamic Scholar, MBA

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