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"Master Islamic Finance: Level 5 Certificate"
Insights into Level 5 Certificate Concepts of Islamic Finance and Banking
Level 5 Certificate Concepts of Islamic Finance and Banking
Exploring Islamic Finance and Banking
Islamic finance is a rapidly growing sector that follows Sharia principles. Let's delve into the key concepts and principles of Islamic finance and banking.
Key Concepts
Islamic finance prohibits interest (riba) and promotes risk-sharing and ethical investments. Here are some essential concepts:
- Murabaha: Cost-plus financing
- Mudarabah: Profit-sharing
- Musharakah: Joint venture
- Ijara: Leasing
- Sukuk: Islamic bonds
Statistics
According to a recent report:
| Year |
Islamic Finance Assets |
| 2019 |
$2.88 trillion |
| 2020 |
$3.69 trillion |
| 2021 |
$4.32 trillion |
Conclusion
Islamic finance offers a unique approach to banking and investment. Understanding its principles is essential for professionals in the financial sector.
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