General Finance

Islamic Banking and Finance

Islamic Banking and Finance refers to a system of banking and financial practices that operate in accordance with the principles of Sharia, or Islamic law. This subject encompasses a range of financial activities that focus on equity-based financing, risk-sharing, and the prohibition of interest (riba). Students will learn about the foundational principles and ethical considerations that underpin Islamic finance, the various instruments used in Sharia-compliant transactions, and how these practices are applied in the real world. They will also explore the role of Islamic financial institutions in global economies, regulatory frameworks, and contemporary issues in this growing field.