Introduction to Islamic Finance. Learn one of the fastest growing segment of global financial system | Timur K. | Skillshare

Introduction to Islamic Finance. Learn one of the fastest growing segment of global financial system

Timur K., Teacher, Life-Long Learner, Traveller

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14 Videos (41m)
    • Introduction

    • History of Islamic Finance

    • Terms and Main Principles

    • Mudarabah

    • Musharakah

    • Murabaha

    • Ijarah

    • Future Contracts. Salam and Parallel Salam

    • Islamic Bonds. Sukuk

    • Islamic Insurance. Takaful. Overview and History

    • Why Conventional Insurance is not Shariah compliant

    • How Takaful works. Wakala, Mudaraba and Hybrid models.

    • Comparison of Takaful and Conventional Insurance

    • Conclusion


About This Class

Although Islamic finance is a relatively small player in global terms, most analysts agree that it has been growing in the last decades at a rate of between 15% and 20% and shows no sign of reducing in the short to medium term. This continued growth has been supported by the actions of many governments around the world, including the UK, Germany and the USA, keen to see the development of this alternative financial system. 

Islamic finance is in some ways similar to the traditional financial system, yet it uses different mechanisms which in difficult financial times prove to be more viable in comparison to conventional banking. 

Take this short course to learn the fundamental differences between the conventional and Islamic banking and get acquainted with the most common modes of Islamic financing in more detail.   

Who is the target audience?

  • Students interested in understanding the difference between conventional (traditional) and Islamic banking
  • Anyone who is interested in how the global financial system is functioning





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Timur K.

Teacher, Life-Long Learner, Traveller

I'm an MA graduate with degrees in International Relations and World Economy. Learning foreign languages, travelling and working in cosmopolitan environments has always been indispensable part of my life.

My work experience includes working on challenging projects for government and private sectors (security products, banking, investment) across 5 continents, including Africa, Middle East, South-East Asia and Americas, and internship at the UN Office in Geneva, Switzerland.


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