IF - Islamic Finance

IF-01 - Conventional and Shariah Compliant Finance

A Foundation Guide to Principles Contracts Products and Key Differences

Foundation English

Enrolled

Section

Lessons

Yes

Certificate

About this course

This course explains how Islamic finance addresses familiar needs such as saving, financing, investing and raising capital through Shariah-compliant contracts. It compares Islamic and conventional finance without presenting either label as a substitute for understanding the actual contract. Learners examine the source of return, ownership and risk, common contracts, financial products, Pakistan's institutional setting, Shariah governance and the questions to ask before entering a transaction.

What you'll learn

Explain Islamic finance and the commercial purpose it serves.
Recognise riba, excessive gharar, maysir and prohibited business activities.
Explain how permissible sale profit, rent, partnership profit and agency arrangements can generate returns.
Distinguish Murabahah, Ijarah, Musharakah, Mudarabah, Wakalah, Salam and Istisna at a foundation level.
Compare conventional and Shariah-compliant products by contract, return, ownership, risk and governance.
Recognise Islamic banking, Takaful and Shariah-compliant capital-market products available in Pakistan.
Apply a basic due-diligence checklist and avoid common misconceptions.

Requirements

No finance or Shariah background is required

Curriculum

1 section · 10 lessons

Conventional and Shariah Compliant Finance 10 lessons

Module-1 : Foundations and Purpose of Islamic Finance
Module-2 : Core Shariah Principles
Module-3 : Contracts and Sources of Return
Module-4 : Conventional and Shariah Compliant Finance Compared
Module-5 : Products and Markets in Pakistan
Module-6 : Governance Due Diligence and Misconceptions
Course Summary
Product Comparison Worksheet
Glossary
Disclaimer

Quizzes

IF-01 : Final Assessment

Exam · 12 questions · 10 min

Enroll to attempt

Free

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