14 Courses
Islamic Heritage and History
Islamic Studies,
"Islamic studies" can mean researching or learning any topic in a way that agrees with Islamic knowledge. It includes all the traditional forms of religious thought, such as Kalam (Islamic theology) and Fiqh (Islamic law). ... "Islamic studies" can also mean studying the history of Islam and Islamic philosophy.
Islamic Heritage and History
Islamic banking
Islamic banking, also referred to as Islamic finance or shariah-compliant finance, refers to finance or banking activities that adhere to shariah (Islamic law). ... Islamic banks make a profit through equity participation, which requires a borrower to give the bank a share in their profits rather than paying interest.
Islamic Heritage and History
Islamic Banking and Finance
Islamic banking or Islamic finance or sharia-compliant finance is a banking or financing activity that complies with sharia and its practical application through the development of Islamic economics. Some of the modes of Islamic banking/finance include Mudarabah, Wadiah, Musharaka, Murabahah, and Ijara.
Islamic Heritage and History
Fundamentals of Sharia'h based financing
Shariah, and very much in the context of Islamic finance, emphasizes justice and partnership. The main principles of Islamic finance are that: Wealth must be generated from legitimate trade and asset-based investment. ... Investment should also have a social and an ethical benefit to wider society beyond pure return.