BNK610 : Islamic Banking Practices

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Course Info

Course Category

Accounting, Banking & Finance

Course Level


Credit Hours





Dr. Atiq-uz-Zafar
PhD Economics
International Islamic University Islamabad

Course Contents

Introduction to the Economic Systems, Basic Principles of Islamic Economic System , Prohibition of Riba in the Qur’an , Prohibition of Gharar , Free mutual consent , What is a Bank - Meaning and History?, Working of a commercial Bank , What is Islamic banking, Assets side of Islamic Banking , Trade based Modes of Islamic Finance, Salam, Salam as a Mode of Finance, Istisna', Controversial Trade based Modes, Ijarah, Participatory Mode – Shirkat, Participatory Modes – Mudarabah, Running Musharakah, Specific Area of Financing, Sharia'h Governance in Islamic banks, Islamic Banking Industry in Pakistan, Risk Managament in Islamic Banking, Insurance and Takaful, Micro Finance, Money and Capital Markets, Global Islamic Finance Industry, Issues and Challenges