What is Islamic Finance?In what ways is it different from conventional banking?

Islamic finance, while following the basic parameters of conventional finance, has an added mandate of Shari’ah compliance, which originates from the Qu'ran.

Shari'ah has laid down rules for the socio-economic life of people. Islam aims to minimize the social differences between all sections of society and make all Muslims live together in peace and harmony.

The main differences between Islamic finance and conventional banking are that interest or Riba cannot be charged, and any financial transactions that involve Riba are expressly prohibited.Islamic finance is therefore asset based as opposed to being currency based. People are forbidden from lending money to gain profit, without accepting an element of risk in the transaction.Wealth can only be gained through Shari'ah compliant trading or investment, and any gains made should be shared between the parties concerned.

Is Islamic banking only available to Muslims?

Islamic finance is available not just to Muslims, but to anyone of any religious background who may wish to use interest free banking. All Muslims who wish to keep within the framework laid down by Islam should necessarily follow the tenets of Islamic finance.

How can I use this website?

www.islamicbanking.edu is a website that aspires to be a leading provider of training and a trusted reference in the field of Islamic Finance and Banking, both online and offline. Start by becoming a member.You can choose from free, associate or premium membership.Signing up is easy and will only take five minutes.

Explore our blended learning program to really understand the fundamentals of Islamic banking, and the whys and wherefores of Shari’ah compliant banking transactions.

Take part in our Discussion Forum and spark off some lively dialogues on many of the underlying principles of Islamic Finance. Get more in-depth knowledge attending insightful Webinars. Questions can be asked and doubts can be cleared. You can post a blog on any related subject that is close to your heart, or read through what other blogwriters have to say.

Our comprehensive islamic finance and banking Glossary will help you understand the meaning of terms pertaining to the subject in simple everyday language.

We will conduct opinion polls and online events to make this a vibrant and dynamic exchange site of ideas.

Together, we aim to stand out as the single most referred website on Islamic Finance and Banking, with the highest standards of quality, integrity and credibility. We welcome you all!

How can payments be made?What currencies do you accept?

Payment can be made by the following methods:

• Cheque or bankers draft
• Bank transfer
• Credit card

We do not accept any payments by cash.Payments can be made in most major currencies .Please contact us for more information.

How can we be sure that your products are Shari'ah compliant?

Our learning programmes have been prepared keeping in view the decisions and resolutions of Islamic Fiqh Council of the OIC and the Shariah Standards developed by AAOIFI. Hence, the contents of the program reflect the consensus of the Shariah scholars and the mainstream viewpoint on principles and the modes of Islamic banking and finance.

How can we be sure that all material on your website is Shari'ah compliant?

All material on the website will also be framed keeping the Shari'ah regulations of mainstream scholars in mind. However, we shall not be deemed to endorse, recommend, approve, or guarantee any opinions or views expressed in the Member's area, which shall be the opinions of the members themselves and not necessarily those of our Team.

Do you offer any discounts on products, or on membership?

Our prices are extremely competitive and very good value for money; in fact by far the best currently available!However, we may consider giving a discount on bulk orders.These may be available on request, and you can contact our Customer service for details.