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BRIAN KETTELL, the Course Director, worked at the Central Bank of Bahrain for several years and has extensive experience in Islamic banking.
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He has published 16 books on banking and financial markets and over 20 case studies on Islamic banking and finance.

Module 2

Islamic Banking principles.
How do these compare with conventional banking principles?

  • What is Islamic banking?
  • What are the driving principles behind the growth Islamic banks? 
  • The characteristics of an Islamic financial system: -
    • Riba
    • Risk sharing /profit sharing
    • Time value of money Islamically interpreted
    • Prohibition of speculation
    • Sanctity of contracts
    • Sharia'a approved activities
       
  • Riba- definition, interpretation and implications for Islamic banking
     
  • Sharia'a principles as applied to Islamic banking
     
  • The role of the Sharia'a Board: the key questions the Sharia'a Boards ask
     
  • What are the problems with the Fatwa's issued by Sharia'a Boards?
     
  • Is it halal or haram for Muslims to invest in the stock market?
     
  • Are companies with debt related activities excluded from Islamic investment portfolios?
     
  • What are the Islamic investment purification principles?