Islamic banking, also known as Islamic finance, is a style of banking where consumers are supplied goods and services based on Sharia Laws and Principles. One of the most well-known financial systems in the world, Islamic finance is a secure and asset-backed sector. In comparison to the conventional banking system, Islamic banks are less vulnerable to reputational concerns, liquidity issues, and market hazards.
Due to its transparent business practices, Islamic banking is expanding daily and has grown to be a $ Trillion global sector. The Central Bank, which oversees the financial system, as well as Islamic / Sharia scholars, supervise and regulate the Islamic banking industry. The operation of Islamic Financial Institutions is overseen by specialized Islamic departments of Central Banks.
At the end of this course, participants will be able to: