5:35 AM
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This module is designed for participants who have little or no prior knowledge of Islam. It describes the key areas of the Islamic way of life setting out the Islamic background to the banking modules. It is not designed to compare different religious beliefs but simply to illustrate the unique aspects of Islam as a way of life.
Introduction
- What is Islam and where do Islamic beliefs come from?
- The five Pillars of Islam
- Where does Islamic banking fit into Islam?
- What is the role of Islamic Jurisprudence (Fiqh) in Islamic banking?
- The Sharia: the key to understanding Islamic banking
The respective contributions to Islamic banking of:-
- The Holy Quran
- Hadith and Sunna
- Ijma
- Qiyas
The principles of Islamic economics - the foundations of Islamic banking
- Riba
- Haram activities
- Gharar/Maysir
- Zakat
- Takaful
