Islamic Banking Practices (V-U)

• Introduction to the Course (V-U)
• Introduction to Islamic Economic System (V-U)
• What is Economic system? Definition and basic Ingredients (V-U)
• Criteria to Judge the distinctiveness of an economic system (V-U)
• Basic Principles of Capitalism (V-U)
• Basic Principles of Socialism (V-U)
• Basic Principles of Islamic Economic System: The major sources (V-U)
• Nature of Economic Freedom in Islam (V-U)
• Incentive mechanism: Achievement of Falah (V-U)
• Economic Decision Making (V-U)
• Distribution of Income in Islam (V-U)
• Salient Features of Islamic Economic System (V-U)
• Islamic Law of Business Contracts: Meaning and Types of contracts (V-U)
• Khiyarat (Options) in Islamic Contract (V-U)
• Guiding Principles Regarding Islamic Finance (V-U)
• Major Prohibitions (V-U)
• Prohibition of Riba in the Qur’an (V-U)
• Rationale of prohibition of Riba (V-U)
• Riba and Bank Interest (V-U)
• Prohibition of Gharar (V-U)
• Prohibition of Qimar (V-U)
• Prohibition of Khilabah and Gishsh (V-U)
• Prohibition of combining two or more contracts in one contract (V-U)
• Free mutual consent (V-U)
• Rule of General permissibility (V-U)