LEGAL ASPECTS OF ISLAMIC BANKING AND FINANCE
This advanced-level law course delves into the complexities of Islamic banking and finance, contrasting it with conventional banking and examining the unique legal considerations it involves. Islamic banking and finance are fast-growing segments of the global financial market, underpinned by Shariah (Islamic Law) principles. Understanding these principles, as well as the international laws and country-specific regulations that govern Islamic financial institutions, is crucial for legal practitioners in today’s globalized world.
Course Objectives:
-
To provide an in-depth understanding of the Islamic Banking and Finance sector and its foundation in Islamic Law.
-
To examine key contracts and instruments utilized in Islamic Banking and Finance.
-
To analyze the international framework and regulations surrounding Islamic Banking.
-
To explore the complexities and legal challenges of merging Islamic Banking practices with conventional banking systems.
-
To offer a comparative analysis of Islamic and conventional banking laws and regulations.
-
To understand the role of regulatory bodies in governing and auditing Islamic financial institutions.
