Certificate in Islamic Finance – Free Online course – IIISEF

International Institute of Islamic Economics and Finance, an Islamic business school based in the United Arab Emirates introduces a set of free courses in Islamic finance as a part of their community service project. IIISEF has listed many courses online in business, finance and economics. These are courses are taught online by well know professors in Islamic finance. The institute is guided by well qualified Islamic scholars who have a doctorate in Islamic finance, Islamic studies, conventional finance and accounting. All of the Islamic finance courses listed in the learning portal is prepared according to the guidelines of AAOIFI. AAOIFI Stands for Auditing and Islamic accounting organization for Islamic financial institutions. AAOIFI is Bahrain based accounting, auditing and sharia standard-setting international organization. Most of the Islamic banks prepare their financial statements according to the guidelines of AAOIFI.

This “Certificate in Islamic Finance” is a free introductory course to the world of the Islamic finance industry. The has been prepared according to the modern whiteboard animation with voice over. So that the students will not feel board in learning the course rather, the student would enjoy the course. The assessments make sure that the students understood the concepts thoroughly.

Students can apply for the course using the following link;

Certificate in Islamic Finance – International Institute of Islamic Economics and Finance (iiisef.com)

email for further information : admin@iiisef.com

MasterCard Starts Islamic Credit Card

images41

MasterCard Worldwide and Malaysia’s EonCap Islamic Bank have jointly launched what they are calling the world’s first Islamic debit MasterCard.The EonCap Islamic Debit MasterCard is basically a debit card with ATM functions, as well, Business Week reports. It also works on PayPass systems and is compliant with Islamic religious law, which prohibits earning or paying interest.

“The card ensures that purchases are automatically deducted from the cardholder’s account and approved only if enough funds exist within the account,” said Fozia Amanulla, chief executive officer of EonCap Islamic Bank.

“It helps track spending, comes with worldwide acceptance at more than 26 million locations, and can be used at an ATM for e-banking.”

Shuan Ghaidan, head of product sales and delivery, Asia-Pacific at MasterCard Worldwide, said: “The EonCap Islamic Debit MasterCard card is designed for individuals who prefer to spend what they have in their accounts, yet seek the same functionality and assurances of a credit card.”

source : newsmax