The Philosophy of Islamic Finance

To truly understand Islamic banking and finance, you must first explore its founding philosophy. Anyone can learn a catalogue of facts, figures and business practices accordingly. But to truly master a profession means getting to know why these practices and policies exist as they do. You learn to follow the rules, but you also understand why they were established and when. Islamic banking follows a unique and strict ethical and religious code, making it unlike any other global financial industry. For those willing to dig as deeply as necessary to fully understand its core philosophies, career prospects on a global basis are literally limitless.

Explore the fascinating philosophy of Islamic finance with this exclusive tutorial. Study a series of critically-important aspects of the industry, which include avoiding interest, avoiding Gharar, prohibition of gambling and games of chance, security/collateral, alternative financing principles, valid gains on investments, entitlement to profit, debt Vs equity, transparency and documentation, time value of money in Islamic finance, trading in currencies, creation of money from the Islamic perspective and more.