Workshop (IBF)

This comprehensive workshop on "Introduction to Islamic Banking and Finance" provides an in-depth exploration of the fundamental principles and practices that define the Islamic financial system. Designed for individuals seeking to understand Shariah-compliant finance, this workshop will cover both theoretical foundations and practical applications, bridging the gap between traditional finance and Islamic principles. Participants will gain insights into how Islamic financial institutions operate within the framework of Shariah law, focusing on ethical and interest-free practices that emphasize risk-sharing, social responsibility, and economic justice.

Workshop Objectives:
By the end of the workshop, participants will:

Grasp the key concepts and principles of Islamic banking and finance, including the prohibition of riba (interest), gharar (excessive uncertainty), and haram (prohibited) activities.

Understand how Islamic finance differs from conventional banking systems and the ethical underpinnings that guide Shariah-compliant transactions.

Explore the main financial contracts used in Islamic banking, such as Mudarabah (profit-sharing), Musharakah (joint venture), Murabaha (cost-plus financing), Ijarah (leasing), and Sukuk (Islamic bonds).

Analyze the regulatory framework for Islamic financial institutions and the role of Shariah supervisory boards in ensuring compliance with Islamic law.

Identify the benefits and challenges of implementing Islamic finance in modern economies and how it fosters social responsibility and financial inclusion.