Islamic banking, also referred to as Islamic finance or Shariah-compliant finance, refers to financial activities that adhere to Islamic law Shariah. Two fundamental principles of Islamic banking are the sharing of profit and loss and the prohibition of the collection and payment of interest by lenders and investors. In Islamic banking, the banks do not collect interests from creditors. Instead, they earn money using equity participation systems and share profits and losses. Islamic finance is practiced in many Muslim countries and is extremely popular among Islamic communities, as some conventional banking practices might be against Shariah. Islamic finance is considered more ethical than conventional banking, as it believes that a bank and its clients should make profits and losses together. Hence, it does not just focus on maximizing the bank’s wealth. Also, Islamic finance practices consider the best interests of the Muslim community.
Islamic banking development can be attributed to some conventional banking theories and practices which go against and hurt the sentiments of the Muslim communities. Hence, Islamic finance was developed by inventing methods that are Sharia-compliant. Sharia is the Islamic law present in the Quran’s teachings. Creating practices that align with the Muslim culture and beliefs encourages many to take up banking. Islamic finance is so strictly followed that banks look to religious leaders and scholars for guidance. The main objective of Islamic banking and finance is that all society participants should create wealth and benefit. Usually, in conventional banking, some parties benefit at the expense of others. The Islamic banks are a clear exception to this.
In this course, we will learn Financial Modeling from Islamic Banking point of view.
Everything You Need to Know About Financial Analysis & Modeling | Islamic Banking
This course is a comprehensive and well-structured introduction to Financial Analysis & Modeling | Islamic Banking. The instructor, EDUCBA Bridging the Gap, is a leading expert in the field with a wealth of experience in Finance & Accounting to share.
The course is well-structured and easy to follow, and the instructor does a great job of explaining complex concepts in a clear and concise way.
The course is divided into sections, each of which covers a different aspect related to Financial Modeling & Analysis. Each module contains a series of video lectures, readings, and hands-on exercises.
The instructor does a great job of explaining each topic in a clear and concise way. He/She also provides plenty of examples and exercises to help students learn the material.
One of the things I liked most about this course is that it is very practical. The instructor focuses on teaching students the skills and knowledge they need to succeed in the real world. He/She also provides students with access to a variety of resources, including templates, checklists, and cheat sheets.
Another thing I liked about this course is that it is offered on Udemy. Udemy is a great platform for taking online courses because it offers a lot of flexibility for students. Students can choose to take courses at their own pace, and they can access the course materials from anywhere with an internet connection.
Udemy also offers a variety of payment options, so students can find a plan that works for them. The course also has a very active community forum where students can ask questions and interact with each other. The instructor is also very responsive to student questions and feedback.
Overall, I highly recommend this course to anyone who is interested in learning Financial Analysis & Modeling | Islamic Banking. It is a well-organized and informative course that will teach you the skills and knowledge you need to succeed.
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