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"Mastering Islamic Finance and Banking: Level 5 Certificate"
Understanding the Fundamentals: A Beginner’s Guide to Islamic Finance and Banking Certification Level 5
Level 5 Certificate Concepts of Islamic Finance and Banking
Level 5 Certificate Concepts of Islamic Finance and Banking
Introduction
Islamic finance and banking have gained significant importance in the global financial industry. The principles of Islamic finance are based on Sharia law, which prohibits the payment or receipt of interest and promotes risk-sharing and ethical investments.
Key Concepts
One of the fundamental concepts in Islamic finance is Mudarabah, which is a profit-sharing partnership where one party provides capital and the other provides expertise. Another important concept is Murabaha, which is a cost-plus financing arrangement commonly used in trade transactions.
Statistics
| Year |
Islamic Finance Assets (in trillion USD) |
| 2015 |
2.1 |
| 2016 |
2.4 |
| 2017 |
2.8 |
| 2018 |
3.2 |
Conclusion
Understanding the concepts of Islamic finance and banking is crucial for professionals in the industry. With the global Islamic finance assets reaching trillions of dollars, the demand for experts in this field is on the rise. By gaining a Level 5 Certificate in Concepts of Islamic Finance and Banking, individuals can enhance their knowledge and skills to contribute effectively to this growing sector.
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