Introduction

Islam - A Brief Introduction
Sources of Islamic Finance
Islamic Contract Law
Gharar - Explained
Belief in Divine Guidance
Capitalist vs. Islamic Economy
Asset-backed Financing
Capital, Entrepreneur and Islam
Riba (Interest) – Explained
Islamic banks – Current Practices

Sukuk

Sukuk Al-Ijara
Sukuk Al-Musharaka
Sukuk Al-Mudaraba
Sukuk Al-Salam
Sukuk Al-Istisna
Sukuk Al-Murabaha
Sukuk Al-Istithmar
Sukuk Al-Wakala
Other Sukuk Instruments

Musharakah & Mudarabah

Musharakah - Introduction
Shirkat-ul-Milk and Shirkat-ul-Aqd
Musharakah - Distribution of Profit
Ratio of Profit
Sharing of Loss
Nature of Capital
Management of Musharakah
Termination of Musharakah
Mudarabah – Introduction
Mudarabah – Distribution of Profit
Termination of Mudarabah
Combination of Musharakah and Mudarabah

Modes of Financing

Modes of Financing - Introduction
Project Financing
Securitisation of Musharakah
Single Transaction Financing
Financing of the Working Capital
Sharing in the Gross Profit
Running Musharakah Account
Risk of Loss in Musharakah
Musharakah – Dishonesty
Musharakah - Business Secrecy
Unwillingness to Share Profits
Diminishing Musharakah
House Financing
Carrying Business of Service
Diminishing Musharakah in Trade

Murabahah

Murabahah - Introduction
Basic Rules of Sale
Bai’ Mu’ajjal – Deferred Payment
Murabahah as a Mode of Financing
Features of Murabahah Financing
Pricing for Cash and Credit Sales
Use of Interest Rate as Benchmark
Promise to Purchase
Securities against Murabahah Price
Murabahah - Guarantee
Penalty of Default
Default Penalty - An Alternative
Roll Over in Murabahah
Rebate on Earlier Payment
Cost Calculation in Murabahah
Subject Matter of Murabahah
Rescheduling of Payments
Securitization of Murabahah

Ijarah

Ijarah - Introduction
Rules of Leasing - Ijarah
Ijarah as a Mode of Financing
The Commencement of Lease
Ijarah – The Parties
Expenses in Ijarah
Liability in Case of Loss
Variable Rentals
Penalty - late payment of rent
Termination of Ijarah
Insurance of the Assets
Leased Asset - Residual Value
Sub-Lease
Assignment of the Lease
Securitization of Ijarah
Head Lease

Salam & Istisna

Salam and Istisna – Background
Salam - Explained
Salam - Mode of Financing
Parallel Salam - Explained
Istisna – Explained
Istisna vs. Salam
Ijarah vs. Istisna
Istisna – Time of Delivery
Istisna – Mode of Financing

Takaful

Takaful Insurance - Explained
Takaful - Wakalah Model
Takaful – Mudarabah Model
Takaful – Hybrid Model
Takaful – Waqf Model

Islamic Investment Funds

Islamic Investment Funds
Islamic Equity Funds
Investment in Shares – Criteria
Ijarah Investment Funds
Islamic Commodity Funds
Murabahah Investment Funds
Bai’ Al Dain
Mixed Islamic Funds

Other

Islamic Risk Management
Islamic Derivatives
AAOIFI Standards