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Fundamentals of Islamic Banking
The Islamic Financial System
Introduction and objectives (0:31)
The basic objective of financial intermediaries (4:54)
Conventional Vs Islamic Economic And Financial Systems (1:41)
The sources of Shari'ah in Islamic finance (1:19)
The fundamental principles of Islamic Economics (1:37)
The fundamental principles of Islamic Banking (2:48)
The twin pillars of Islamic banking (1:52)
Loan and debt (1:42)
Time value of money in Islamic finance (5:03)
Recap (1:53)
Test your understanding
Major norms of Islamic finance
Introduction and objectives (0:40)
An introduction to Riba (1:41)
Prohibition of Riba (3:09)
Prohibition of Gharar (3:00)
Why Al Qimar and Al Maysir are prohibited by Islam (2:02)
Prohibition of non-Shari’ah compliant contracts (0:35)
Principle of Ta'awun (1:44)
Recap
Test your understanding
Islamic Sale Contract
Introduction and objectives (1:34)
Trading – The basis of Islamic Finance (0:41)
The Law of Contracts and The Sale Contract (1:26)
Binding and Non-binding Contracts (1:36)
Valid, Invalid and Voidable Sale Contracts (4:30)
Khiyars-Options to rescind a sale contract
Types of Contracts in Islamic Finance (2:29)
Test your understanding
Recap (1:21)
Murabahah
Introduction and objectives (0:34)
The concept of Murabahah (5:36)
The process of a Murabahah transaction (3:48)
Repayment of a Murabahah (1:31)
The options open to the bank in case of willful default by the client (0:42)
Brief analysis of Risks in Murabahah (1:22)
Some related issues (1:26)
Understanding the spirit of Murabahah
Recap (1:39)
Test your understanding
Ijarah
Introduction and objectives (0:34)
The concept of Ijarah (3:25)
Difference between Ijarah and sale (1:16)
Ijarah (lease) in Islamic Banking (0:38)
Process of Ijarah (1:15)
Conditions for a valid Ijarah
Difference between Ijarah and a conventional lease (1:59)
Termination of Ijarah (1:10)
Transfer of ownership to lessee (1:36)
Sale and lease back (1:21)
Operating and financial lease (1:26)
Recap (1:30)
Test your understanding
Qard Al Hasan
Introduction and objectives (0:41)
The fundamentals of Qard (3:11)
The difference between Qard and Dayn (2:41)
Qard - for raising current deposits (1:50)
Qard al Hasan - Benevolent amount to the needy (3:15)
The rules and conditions underlying a Qard transaction (3:48)
Recap (1:37)
Test your understanding
Mudarabah
Introduction and objectives (0:42)
The concept of Mudarabah (3:09)
Definition of Mudarabah (1:52)
The process of Mudarabah (0:41)
Profit calculation and accounting in Mudarabah (4:42)
Types of Mudarabah partnerships (0:44)
Mudarabah in deposit based products (0:55)
Profit ratios (2:20)
Termination of Mudarabah (4:31)
Recap (1:53)
Test your understanding
Tawarruq
Introduction and Objectives (0:30)
The concept of Tawarruq (2:24)
How does Tawarruq work (2:29)
Rules for a valid Tawarrruq (1:40)
The process of Tawarruq (3:50)
Islamic covered cards (1:52)
Recap (1:40)
Test your understanding
Musharakah
Introduction and objectives (0:38)
The concept of Musharakah (2:29)
The steps undertaken in a Musharakah (0:52)
Financial calculations and profit sharing (4:37)
The 3 types of Musharakah (3:34)
Diminishing Musharakah (1:38)
Differences between Mudarabah and Musharakah (1:35)
Recap (1:34)
Test your understanding
Prohibition of non-Shari’ah compliant contracts
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