Short and Simple Islamic Finance learning Videos

Investorpedia is one the highly referenced website for finance learning with short and simple videos to help the beginner to understand the complicated concept.

The United Arab Emirate (UAE) based The Islamic Economics Institute has introduced short has introduced short and simple videos on Islamic finance terms.

These videos can help the beginners of Islamic finance to understand the Islamic finance concepts, term and principle easily with colorful animated series in YouTube.

What is Islamic Finance

Short videos on Islamic finance. Islamic finance is one of the fastest growing industry with 15% growth rate and total of $3 trillion asset worldwide. Islamic finance includes Islamic banking, Islamic insurance, Islamic insurance (Takaful) and Islamic bonds (Sukuk). For further detail information on Islamic finance, follow our course in Udemy.com

Prohibitions in Islamic Finance – Interest/Usury (Riba in Arabic)

Types Riba (Interest/usury)

This video is about two types of usury in Islamic finance (Riba in Islamic finance).

The usury is of two kinds: First, Riba al-nasiah: This riba is based on money lending; the lender and borrower agree upfront on a fixed amount of money to be paid as a reward for the money lent.

Second, Riba al-fadl: This riba is the excess that arises during an exchange of homogenous commodities in unequal quantities or qualities. If you have low – quality gold, for example, and you want to purchase high-quality gold, you can’t exchange the two and pay the other party cash to make up the difference in value.

Prohibitions of Gambling (mysir/qimar)

Islam prohibits business transaction based on 1. Interest/Usury 2. Gharar (Uncertainty) 3. Gambling 4. Prohibited industries

Prohibition in Islamic Finance – Gharar (Deception/Deceiving)

Prohibitions in Islamic Finance – Gharar

Prohibited industry in Islamic Finance

Mudaraba – Partnership

Restricted and Unrestricted Mudarabah Account of Islamic banks

Islamic banks receives money as source funds from the customers as investments. Islamic banks invest these funds in two different ways; 1. Unrestricted investment 2. Restricted investment.

Islamic finance product – Tawaruq or Tawaruqq or Reverse Mudarabah

Islamic banking – Equity financing (Mudarabah financing and Musharaka financing)

One of the source of Islamic bank is from financing activities. The financing activities includes 1. Equity financing 2. Trade financing 3. Asset financing

Islamic banking – Asset based financing (Murabaha, Ijarah and Istisna)

One of the source of Islamic bank is from financing activities. The financing activities includes 1. Equity financing 2. Trade financing 3. Asset financing

Islamic trade financing

How do Islamic banks serve the community

Difference between Islamic bonds (Sukuk) Vs Conventional bonds

Structuring Islamic bonds – Sukuk Al Ijarah

Takaful (Islamic Insurance) Vs Conventional insurance

Structuring Takaful products (structuring Islamic insurance products)

Takaful industry and its growth

Structuring Mudarabah Funds

Launching of “Basics of Islamic Finance” – Online Islamic finance short course

Most comprehensive course in Islamic finance was launched by me in Udemy.com (Udemy is an online learning portal with over 130,000 courses and 35 million students).

Within two days of launching the course, 220 student enrolled and got review for 5 starts as of today.

There are 50+ animated lessons explaining the concept in simple language over 2 hours. The course also contains 8 assessment to make sure that students understood the concept. The students will be given a certificate of completion at the end of the course.


I have given maximum effort to deliver the course as an expert in the subject. This is only course in Udemy with highest ranking and with highest quality contents and assessment with animation.

The whole course was designed by me including script writing till mind map in order to make the subject easy for beginner of Islamic finance. I have been teaching Islamic finance over 10 years and observed that many instructors failed to deliver the Islamic finance basic principles in simplified way to be able to understand by the beginner. Those courses contains full of jargons and too much complicated theories. Many students does not want to even start Islamic finance thinking its something to do Arabic and Muslims.

With my extensive experience with Dummies book, (Islamic finance for dummies), I was able deliver the subject to many interested students who wanted to know about Islamic finance through webinars, seminars, workshops and classroom from beginner level to Master courses.

Over 10 years of experience, I was able to develop a very comprehensive course in Islamic finance and delivered via Udemy.com with the two hours animated lecture series, I could made the basics of Islamic finance understandable to anyone who does not any thing about Islamic finance.

Compared other Islamic finance courses delivered by the respected instructors, this course contains everything from Islamic banking, capital market, Islamic law and Islamic insurance. I have made most of the materials into to mind map, so that the student won’t be lost in the middle course. Further, lectures has been split into two to three minutes videos to make the subject short and simple.

Special feature about this course compared to other course, this course contain 8 quizzes to make sure the students understood the concept thoroughly. There are around 6 mini case studies has been given to explain the concept of Islamic financial instruments. These are two added advantages of this course. Further, I have enable Q & A with instructor in order to discuss with the instructor, so that my beloved student will be in touch through out the course and after completing the course also.

Course Syllabus

  1. Introduction to Islamic finance
  2. Islamic finance industry
  3. History of Islamic finance
  4. Islamic commercial law and Islamic finance
  5. Islamic financial instruments
  6. Islamic banking
  7. Islamic capital market and instruments
  8. Islamic bonds (Sukuk)
  9. Islamic insurance (Takaful)


The course is currently in introductory offer price by Udemy at 50% discount (The regular price is $ 199 and with coupon it would be reduced to $98.99


If you are interested, please click on the course and register yourself and enter code given below.

Please share with friends and family whoever wants to know Islamic finance in simplified way.

Course Name : Basics of Islamic Finance

Instrucor : Dr Faleel Jamaldeen’

Link for the course : https://www.udemy.com/course/islamicfinance/?couponCode=D2B7851D1826A0ED4A25

Coupon code : D2B7851D1826A0ED4A25

The Need for Shari’ah-Compliant Awqa ̄f Banks

Abstract: Bridging global economic inequalities calls for effective financial alternatives such as awqa ̄f banks to better attend to the needs of the poor and underprivileged. This is expected to address the root causes of poverty and ensuing economic gaps, improving much of the living standards whether pertaining to education, health, shelter, employment or basic social services while reducing the state’s economic and financial burden. We envision awqa ̄f banks as institutions which are established through cash awqa ̄f and which operate multiple awqa ̄f funds alongside an assortment of financial instruments. The main use of their awqa ̄f funds are the issue of low-cost credit to the poor, economically disadvantaged and underprivileged, instead of focusing solely on generating and maximizing shareholder profits. This is to support the economy through of steady and sustainable growth, effectively raising the lower bar on per capita income and lifting multitudes out of poverty and need. This paper explores how low-cost credit can be provided to the poor or lower income demographics through awqa ̄f banks, while addressing relevant issues such as Shari’ah compliance, services rendering, investment and awqa ̄f distribution. This paper also examines current studies on awqa ̄f in relation to finance and banking, the basic functions, and characteristics of the Shari’ah-compliant awqa ̄f bank, as well as evaluations of awqa ̄f banks. Current studies show that there is a legitimate need for Shari’ah-compliant awqa ̄f banks which not only providing services for its beneficiaries but also manage investments and awqa ̄f funds that contribute to overall national development and economic growth. This study would be of high relevance to experts, practitioners, financial managers, regulators, and policy makers in the fields of awqa ̄f, banking and finance.

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The 5th Islamic Finance Conference (IFC 2019) ON ISLAMIC BANKING AND INSURANCE IN THE ERA OF DIGITAL TRANSFORMATION

Effat University , IRTI and INCEIF

Organize

 The 5th Islamic Finance Conference (IFC 2019) ON

ISLAMIC BANKING AND INSURANCE IN THE ERA OF DIGITAL TRANSFORMATION

Date: December 1st 2019

Venue: Effat University, Jeddah, Kingdom of Saudi Arabia

You are cordially invited to submit your research papers for presentation at the 5th Islamic Finance Conference (IFC 2019) on December 1st, 2019 that will take place in Jeddah (Saudi Arabia). The IFC 2019 is organized by Effat University, the Islamic Research and Training Institute IRTI and the International Center for Education in Islamic Finance INCEIF. The aim of this conference is to bring together the local and international researchers, scholars and policymakers to present and to discuss research in the field of financial technology, smart contracts and Islamic financing.

BACKGROUND

Following the success of the previous Islamic Finance Conferences, Effat University, the Islamic Research and Training Institute IRTI, and the International Center for Education in Islamic Finance INCEIF are organizing the 5th IFC scheduled to be on the December 1st 2019 in Jeddah, Saudi Arabia. Themed “ISLAMIC BANKING AND INSURANCE IN THE ERA OF DIGITAL TRANSFORMATION”, the forthcoming IFC 2018 is expected to platform academicians, scholars, researchers, professionals, bankers, insurers and other stakeholders to be together to discuss the revolutionary technology of Blockchain and digital transformation that the Islamic finance ecosystem could leverage to exponentially enhance business processes and streamline operations.

The digital transformation could include smart contracts and blockchains, cryptocurrencies, cybersecurity, Insure Technology, Crowdfunding, payment platforms as an emerging channels that could be utilized in the Islamic banking and insurance industry. The Digital Transformation and Fintech offer a tremendous amount of opportunities available for bankers and insurers to achieve multiple strategic objectives such as financial inclusion, customer-oriented financial services, operation excellence and competitive advantage.

The IFC 2019 addresses the question of what role digital transformation and blockchain technologies play in Shariah banking and Islamic insurance, and How Muslim entrepreneurs, bankers, insurers and small businesses could benefit from blockchain and Fintech?

  1. OBJECTIVES

The Conference on ISLAMIC BANKING AND INSURANCE IN THE ERA OF DIGITAL TRANSFORMATION” is aiming:

  • To enrich the theory of Islamic financial innovation and its role in financing SMEs.
  • To highlight the significance of FINTECH and practice of digital insurance and banking.
  • To address various issues currently faced by Islamic finance technology.
  • To assess the current innovative efforts of the Islamic finance industry.

IMPORTANT DATES

Deadline for abstract submission       :           September 30th

Notification for abstract acceptance   :           October 10th

Deadline for full paper submission     :           November 20th

Conference dates                                     :           December 1st   

LANGUAGES   –  The language of the conference will be in English.

CONFERENCE THEMES

The theme of the Conference will be “ISLAMIC BANKING AND INSURANCE IN THE ERA OF DIGITAL TRANSFORMATION

The main topics of the conference include, but not limited to:

  • Islamic banking and Insurance
  • Takaful and Waqf
  • Digital banking
  • Fintech and Saudi vision 2030
  • Ethics and regulation of digital Islamic finance
  • Blockchain and cryptocurrency
  • Crowdfunding
  • Issues with Islamic financial innovation
  • Shari’ah scholars and SSBs and their position vis-à-vis Islamic financial innovation.
  • Dynamic Islamic Capital Market
  • Entrepreneurship
  • Islamic Finance and SME Financing

PAPER SUBMISSION

Authors are invited to submit their full papers in English, in Word formats. Submissions should be made though email IFC@effatuniversity.edu.sa or ConfBay website (www.confbay.com). Contact person: Dr Tahar Tayachi ttayachi@effatuniversity.edu.sa

Any submissions after the September 30th will not be entertained. All the papers’ submission are peer-reviewed and the decision notification is made latest by October 10th.

            Both theoretical and empirical papers are considered by the conference. The authors are required to use the following format:

  • Length: 10 to 15 pages, Font Times New Roman, size 12, 1.0 line spacing (single space), A4 paper size, Margins: 1 inch or 2.5cm
  • Author(s) names, affiliation, correspondence address, and email address should be provided in title page
  • Between three to six key words should be mentioned by the author(s)
  • Tables and figures should be placed in their appropriate location in the paper
  • References should follow APA format

Registration Fees : No registration fees

Conference Publication :

Selected papers presented in the conference would be published in a special issue of the following ABS/Scopus Indexed journals:

Journal of Islamic Business and Management (JIBM) JIBM,  www.jibm.org

ISRA International Journal of Islamic Finance, http://www.emeraldgrouppublishing.com/services/publishing/ijif/index.htm

Islamic Economic Studies, http://www.emeraldgrouppublishing.com/services/publishing/ies/index.htm and http://iesjournal.org/english/home.html

Vulture Financing and Islamic private equity investments

Vulture financing and vulture fund assets are increasing in size in recent years as an alternative investment, taking a major share in the conventional finance industry. Vulture funds and vulture investors are adopting the behaviors of vultures that prey on financially distressed companies and buying the near default bonds or debts in return for higher capital gains.

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How Islamic finance can support development in agriculture

Demand for food is expected to increase by 70% by 2050 and annually $ 80 billion investment is needed to meet the future demand according to the estimates of World Bank. Middle- class population from developing country has led to the increasing demand for higher value foods such as fish, meat, and dairy products. Overall, the demand for higher value foods going to increase in next three decades which can result in increased in investment for agriculture. Agriculture is one an important source of income for the people living in rural area of developing countries. The major challenges faced by the farmers are lack of access to finance their agricultural production. Financial institutions don’t want risk themselves by investing in agricultural production and business due to their inherent risks and lower returns. Farmers are less fortunate to get loans compared to the business and industries.

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Islamic Finance: Using blockchain to solve wakaf challenges

Wakaf — the Arabic word for an endowment to a charitable cause — contributed significantly to the global socioeconomic landscape in the past, especially in eradicating poverty. However, in modern times, wakaf has not had a compelling impact on improving the welfare of the people, according to Dr Farrukh Habib, researcher at International Shari’ah Research Academy for Islamic Finance.

While there are many reasons for this, it is mainly due to the mismanagement of wakaf assets, he says. Although these assets are estimated to be worth more than US$1 trillion globally, it has been difficult for individuals and institutions to maximise the value of the endowments.

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