Learning Outcomes

Course Overview

Introduction with Almir Colan

What is Islamic Finance?

What is Sharia?

Islamic Perspective on Wealth

Historical Context of Modern Islamic Finance and Banking

Lesson Summary

In this module, you will be introduced to Islamic finance and banking and learn about the growth and potential for Islamic finance.

Sources of Islamic Law

Actions in Islam

Contract and Business Transactions

Common Elements of a Contract

Types of Transactions

Ownership Categories

Classifications of Contracts

Contract Conditions

In this module, you will learn about aspects of Islamic law and contracts such as types of transactions, ownership categories, and common elements of a contract.

Prohibitions of Interest (Riba)

Prohibitions of Risk (Gharar)

Islamic Insurance (Takaful)

Difference between Islamic and Conventional Banks

Modes of Islamic Financing: Debt or Equity Based

Equity Partnership, Joint Venture (Musharaka)

Investment Partnership (Mudaraba) & Banking

Leasing (Ijarah) & Leasing vs Sale

Cost Plus Sale (Murabahah)

Choosing an Islamic Product

Housing Finance

This module will teach you about modes of finance including prohibitions of interest and risk, conventional vs Islamic banks, and key Islamic finance products.

Role of Independent Sharia Boards

Global Regulatory Environment

Law, Sharia & Business

Next Steps and Options

Feedback and Close

In this module, you will learn about the role of the independent Sharia boards, the global regulatory environment, and hear an overall summary of the benefits of Islamic finance.

Global Islamic Finance and Banking: Course Assessment

Gain an understanding of the Islamic finance and banking industry as well as Sharia law, with this online course.

Global Islamic Finance and Banking

This free online Islamic Finance course will familiarise you with the principles and frameworks of Islamic banking. Islamic banking is a form of non-interest banking based on the principles of Sharia law and ethics designed to foster a healthy society. Islamic banking is one of the fastest-growing segments within the finance sector, start this free online course today to learn about the fascinating world of Islamic finance.

262K Courses, 833M Enrollments: Breaking Down Udemy’s Massive Catalog

12 Best Data Science Courses for 2025

12 Best Data Analysis Courses for 2025: From Data to Insights

The Rise of AI Search: ChatGPT Surpasses DuckDuckGo, Threatens Bing

9 Best TensorFlow Courses for 2025

Udemy Appoints McKinsey Veteran as CEO Amid Growth Challenges

200K Layoffs, $100B Lost: The Tsunami of China’s Regulation on Education

Harvard and MIT’s $800 Million Mistake: The Triple Failure of 2U, edX, and Axim Collaborative

Why Coursera Stock Dropped by 20%

[2025] 470+ Hours of Free LinkedIn Learning Courses with Free Certification

White-Labeling in Online Education: Whose Credential Is It Anyway?

[2025] 300+ Free Digital Marketing Certificates & Badges

Learn Something New: 100 Most Popular Courses For November

10 Best Assembly Language Courses for 2025: Bare-Metal Programming

The Day MOOCs Truly Died: Coursera’s Preview Mode Kills Free Learning

Coursera 10-K Highlights: Lower Partner Revenue Share, 1k+ Employees