Unpacking the Debate Around Islamic Banking—With Balanced Insights
This course delves into the core criticisms leveled against modern Islamic banking practices and provides a comprehensive understanding of the scholarly and practical responses developed to address these concerns. While Islamic banking has emerged as a significant and rapidly growing sector of the global financial system, it has also faced scrutiny regarding its adherence to Sharia principles and its practical implementation. This course aims to equip students with a balanced perspective, enabling them to critically analyze these debates and understand the nuances of Islamic Banking.
What you’ll learn
- Learn about common criticisms of Islamic Banking and Response to those.
- Understanding whether Islamic banking is just conventional banking with a different label.
- Analyze justifications for Islamic financial instruments from a Sharia perspective.
- Critically evaluate arguments for and against Islamic banking..
Course Content
- Introduction –> 3 lectures • 4min.
- Islamic Banking and Contracts Used –> 4 lectures • 10min.
- Islamic Banking Criticisms and Responses –> 29 lectures • 1hr 4min.
- Concluding Remarks –> 1 lecture • 2min.
Requirements
This course delves into the core criticisms leveled against modern Islamic banking practices and provides a comprehensive understanding of the scholarly and practical responses developed to address these concerns. While Islamic banking has emerged as a significant and rapidly growing sector of the global financial system, it has also faced scrutiny regarding its adherence to Sharia principles and its practical implementation. This course aims to equip students with a balanced perspective, enabling them to critically analyze these debates and understand the nuances of Islamic Banking.
By the end of this course, you will be able to:
•Understand aspects of Islamic banking and common contracts used
•Learn about common criticisms of Islamic Banking and Response to those criticisms
•Critically evaluate arguments for and against Islamic banking.
This course is suitable for students and professionals in finance, economics, Islamic studies, law, and anyone interested in gaining a deeper understanding of the complexities and controversies within the field of Islamic banking. No prior knowledge of Islamic finance is strictly required, although a basic understanding of financial principles would be beneficial. Join us to explore the dynamic discourse surrounding Islamic banking and its quest to provide a truly Sharia-compliant and ethically sound financial system.