Course Introduction

Essentials of Islamic Banking and Finance

IQRA University MBA , 2014
Talha Saleem Kapadia
talhasaleemkapadia@gmail.com

Contents

Course Introduction:
Purpose of the course and Targets to be achieved;
Grading policy and general guidelines;
Islamic banking in Pakistan and its global scenario:
History of Islamic banking and recent local and international
developments;
Criticism and Future outlook:
Current economic and financial system and Islamic guidelines on
economic affairs:
Current economic and financial systems;
Financial techniques and complexities;
Myths and wrong understanding of issues and realities;
Q and A

Course introduction:

Purpose of the course and Targets to be achieved;

To create awareness and understanding of the course, its need, its
theories and practical application;
Attendance policy:
Attendance once marked and submitted to management can not be
changed and please do not waste your and my time on this issue;
No leave on phone calls;
Grading policy and general guidelines;
Mid term:
25;
Final term:
40;
Quizzes:
10;
Articles (individual): 10;
Final presentation:
15;
Total:
100;

Islamic banking in Pakistan and round the

glob

History of Islamic banking and recent local and international developments;

First modern Islamic financial experiment in the world;
Hyderabad Duccan between 1930 ~ 1940;
No exact history is available;
Egypt 1960:
Dr Abdullah Najjar initiated MitGhamar Bank;
Later on it has been merged in Nasir Social bank by Jamal Abdunnasir;
Gulf region:
Dubai Islamic bank in 1974;
Islamic banking experiment in Pakistan:
1980's legal framework change in banking sector by president Ziaul Haque;
This experiment was a failure due to multiple reasons;
Role of Islamic Ideology Council;
1990's restart;

Financial system and islam

Current economic and financial system and Islamic guidelines on economic

affairs:
Based on pure logic without any intervention of religion;
Many established rules have been broken;
Interest, immorality and liquor are Haram in every religion;
New non-religion based systems have been developed where deviation from
religion especially Islam is evident;

Current economic and financial systems;

Emergence of banks, exchanges and international institutions;

Financial techniques and complexities;

Transformation from simple structure to complex;

Myths and wrong understanding of issues and realities;

Many wrong understanding about emerged and invented system;
Islam and current economic and financial systems;

Why Islamic banking and finance?

What

is Islamic?
What is Shari'ah?
Is obedience to rules given by Islam essential?

Groups and guidelines

Groups

should be made;
Announcement of TA;

Questions?