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The Short Diploma in Islamic Banking for Consumers provides an in-depth understanding of Islamic financial systems, focusing on the principles and practices that set it apart from conventional banking. Designed for individuals and professionals interested in expanding their knowledge of ethical banking models, this program emphasizes the unique aspects of Islamic finance, including its foundations in Sharia law. With practical applications and case studies, participants will gain valuable insights into how Islamic banking caters to consumer needs globally.
Diploma Objectives
This program aims to equip participants with the following:
- A solid understanding of Islamic finance principles, including Murabaha, Sukuk, and Mudarabah.
- Insight into the ethical and legal aspects of Islamic banking, including the prohibition of interest (Riba).
- Knowledge of consumer-friendly products offered by Islamic banks.
- Practical skills to navigate Islamic banking transactions.
- The ability to differentiate between Islamic and conventional banking models.
Diploma Program Outline
The program is structured into several modules, designed to provide a thorough understanding of Islamic banking from a consumer’s perspective:
Module 1: Introduction to Islamic Banking
- Overview of Islamic finance
- Key differences from conventional banking
Module 2: Core Principles of Islamic Banking
- Sharia law foundations
- Prohibition of interest and risk-sharing
Module 3: Consumer Products in Islamic Finance
- Overview of Murabaha, Ijara, and Musharakah
- Case studies on consumer financing
Module 4: Islamic Banking Compliance and Ethics
- Ensuring Sharia compliance
- The role of the Sharia board
Module 5: Islamic Finance in the Global Market
- Islamic banking in various regions
- Challenges and opportunities in consumer banking
Target Group
This short diploma is ideal for:
- Consumers seeking to understand the benefits of Islamic banking for personal or business use.
- Banking professionals looking to expand their knowledge of Islamic financial products.
- Students interested in a career in Islamic finance.
- Business owners who want to implement Islamic finance principles in their ventures.
- Financial advisors aiming to diversify their service offerings.
Program Cost
- 5-day training program: €3700
- 10-day intensive course: €6500
The program is available on different dates throughout the year upon request. Please contact us for scheduling options.
Organizers
The Geneva Institute of Business Management organizes this short diploma in collaboration with its European partners, ensuring a top-quality learning experience backed by international expertise.
