• Introductory overview of Islamic finance and banking
• Various Islamic modes of finance
• Equity-based and fee-based contracts
• Intermediation contracts in Islamic Finance

Week 1 - A Framework for the Islamic Financial System-Part 3
Introductory overview of Islamic finance and banking

• Leasing or Ijarah Contracts
• Conventional vs Islamic Leasing
• Issues in Modern Ijarah Contracts
• The Concept of Ijarah Sukuk
• Deferred Delivery or Salam Contracts
• The Istisna‘a Contract
• The Istijrar Contract

Week 2 - A Framework for the Islamic Financial System-Part 4
Introduction

• Shirkah and its Two Categories
• The Concept of Mudarabah
• The Concept of Musharakah
• The Wadiah Wad Dhamanah Deposit
• The Qard-ul-Hasan Deposit
• The Concept of Wakalah (Agency)
• The Concept of a Tawarruq Contract
• The Concept of a Ju’alah Contract

Week 3 - Islamic Banking System and its Financial Products
Introduction

• Financial Intermediaries: Their Three Main Functions
• Intermediation Contracts Permitted by the Sharī‘ah
• Trust-based Intermediation Contracts
• Security-Based Intermediation Contracts
• Business Models for Islamic Financial Institutions (IFIs)
• Theoretical Perspective of an IFI’s Balance Sheet
• Categories of IFIs

Week 4 - Controversial Financing and Fee-based Products
Introduction

• Bai’ al-Einah (Repurchase)
• Bai’ al-Dayn (Bill Discounting)
• Tawarruq
• The Use of Wakalah to Provide a Letter of Credit
• The Use of Kafalah to Provide a Letter of Guarantee
• Other Fee-based Services