Principles of Islamic Banking and Finance Islam has set values and goals that meet all the economic and social requirements of the human life. Islam is a religion that not only focuses on the success of the afterlife but also organza the life of a person perfectly. The Islamic laws are known as Sharia that means clear path. In the present is banking system is against the principles of Islamic banking. Due to the reason, here we discuss the seven major principles of Islamic Banking and finance

Murabahah is a contract wherein the Islamic Bank, upon request by the customer, purchases the asset from a third party supplier/vendor and resells it to the customer either against immediate payment or on a deferred payment basis. Basically Murabaha financing is the sale of goods at cost plus an agreed profit.

This eLearning tutorial includes a self-assessment quizzes which has the potential to help you to recap what you have learned thereby helping you challenge and develop your new knowledge.There is no final examination for this course as this is not a certificate course. However, a certificate of participation may be issued upon request.