About This Course

The Islamic Financial Markets and Institutions course offers a thorough and structured study of the principles, mechanisms, and practices that shape the Islamic financial system. The course begins by introducing the foundational concepts of Islamic finance, focusing on the prohibition of riba (interest) and gharar (excessive uncertainty), as well as other key Shariah principles such as profit-and-loss sharing, asset-backing, and risk-sharing. These principles serve as the basis for understanding how Islamic financial institutions operate differently from their conventional counterparts.

Throughout the course, learners will examine the structure and functions of major Islamic financial institutions, including Islamic banks, takaful (Islamic insurance) companies, sukuk (Islamic bonds), and Islamic capital markets. Emphasis is placed on how these institutions contribute to financial inclusion and sustainable economic growth while maintaining compliance with Shariah law. In addition, the course explores contemporary issues and innovations in the industry.

To enhance practical understanding, students will engage with real-world case studies that highlight both the opportunities and challenges faced by Islamic financial institutions globally. Regular quizzes and interactive discussions will provide reinforcement and encourage critical thinking, while assessments will allow learners to apply theoretical knowledge to practical scenarios.

The course is designed to be flexible and self-paced, featuring a blend of video lectures, curated readings, and assessment quizzes. This structure allows participants to learn at their own convenience while ensuring they acquire a strong grasp of the subject matter. By the end of the program, learners will have developed not only an academic understanding of Islamic financial markets and institutions but also practical insights into how these systems function in today’s dynamic global economy.