Course Structure

The Diploma in Islamic Banking course consists of five modules with 23 lessons and questions at the end of each lesson. The questions are designed to test the understanding of the fundamental concepts and the significance of their practical applications which have been explored within the lessons.

Module I : Islamic  Economic System
  • Lesson 1. Introduction to Economic Theories and Islamic Economic System
  • Lesson 2. The Historical Development of Islamic Banking
  • Lesson 3. Islamic Commercial law
  • Lesson 4. The Basic Prohibitions
  • Lesson 5. Qard and Dayn in Islamic banking
  • Lesson 6. Principles of Islamic Commercial Contracts
  • Lesson 7. Islamic law of Sale and Purchase
Module II : Modes of Shari'ah-Compliant Transactions
  • Lesson 1.  Introduction to Islamic Modes of finance
  • Lesson 2.  Non-participatory Modes of finance
  • Lesson 3.  Participatory Modes of finance
  • Lesson 4.  Accessory Modes
Module III: Islamic Banking Operations
  • Lesson 1. Key Characteristics of Islamic Banking Operations 
  • Lesson 2. Islamic Retail Banking Services
  • Lesson 3. Islamic Investment Management Services
  • Lesson 4. Corporate Banking Services
  • Lesson 5. Investment Banking in Islamic Banks
  • Lesson 6. Treasury and International Banking
Module IV: Governance, Regulation, Accounting Issues in Islamic Banking
  • Lesson 1.  Social Responsibility and Internal Controls 
  • Lesson 2.  Regulatory Compliance Functions
  • Lesson 3.  Risk Management in Islamic financial Institutions
  • Lesson 4.  Modern trends in Islamic Banking
Module V : Introduction to Islamic Insurance (Takaful)
  • Lesson 1.  Insurance and the Introduction of Takaful
  • Lesson 2. Takaful and Retakaful