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All praise is due to the Almighty

Allah Blessings and Peace be upon
our Holy Messenger of Allah and
the Leader of the magnificent
honorable
ISLAMIC FINANCIAL SYSTEM
 IN SEARCH OF RIBA FREE
FINANCIAL SYSTEM
 All praise is due to the Almighty Allah

Blessings and Peace be upon our Holy
Messenger of Allah and the Leader of the
magnificent honorable
Islamic Economic System
 Islamic Economics and Finance vs.
Capitalism and Socialism
 The Concept of Wealth in Islam
 Objectives of Distribution of Wealth in
Islam
 Factors of Production in Islam and their
compensations
Concept of Riba and Other
Prohibited Activities
 Riba Deification and Types
 Quran, Hadith,
 Arguments against commercial interest
 Gharar, Qimar and Gambling
Comparison of Islamic and
Conventional Banking
 Banking in Islam
 Nature of Relationship between Two
Banking System
 Customers and Bank
 Documentation
 Concept of Risk
Islamic Finance & Modes of
Financing
 Loan & Financing
 Profit, Interest & Mark-up
 Investment & Saving
Islamic Financial Products
 Morabaha (Trade Financing)
 Introduction to Morabaha
 Morabaha as a Financing Mode
 Morabaha terminology and its variation
 Characteristics and essentials of Shariah compliant
Morabaha
 Practical steps for Morabaha transactions
 Rebate in early payment, penalty on late payment
 Roll over of the transaction etc.
 Murabaha based financing and conventional bank lending
 Risks for Islamic banks in Morabaha transactions
 Scope and application of Morabaha
 Overview of a Model Agreement of Morabaha and Case
Study
Musharakah
 Terminology and Characteristics of
Musharakah
 Type and Basic Rules of Musharakah
 Termination of Musharakah
 Constructive liquidation 0of
Musharakah
 Security/collateral in Musharakah
 Profit/Loss Distribution
 Application of Musharakah as a mode
 Problems and Risks for banks in
Musharakah Financing
Modaraba

History & Background
 Modaraba defined
 Modaraba Capital
 Profit/Loss distribution
 Unrestricted and Restricted Morabaha
 Difference between Modaraba and
Musharakah
 Termination of Modaraba