Certificate of Completion
Almir Colan's flagship professional development course.
Who is this course for?
This comprehensive course is designed for individuals who want to enhance their understanding of Islamic banking and finance, those seeking to enter the field, and professionals looking to advance their career opportunities. No prior knowledge or qualifications are necessary.
Gain a comprehensive understanding of Islamic finance principles and practices. Apply Islamic finance rules to analyze and ensure Shariah compliance in commercial transactions. Develop proficiency in various Islamic modes of financing and confidently explain their features.
1. Introduction to Islamic Economic Framework
2. How Islamic Banking and Finance Works
3. Islamic Law of Contracts and Business Transactions
4. Islamic Perspective on Wealth and Money
5. Personal Money Matters
6. Prohibited Transactions
7. Musharaka and Mudaraba Modes of Financing (Equity-based)
8. Murabahah and Ijarah Modes of Financing
9. Salam and Istisna Modes of Financing
10. Islamic Financial Markets, Funds, and Shares
11. Sukuk (Investment Certificates)
12. Digital Economy and FinTech
- Course Delivery: Live online classes (90 minutes per session) will be held every Thursday at 9 PM (AEDT) with recordings available for up to 12 months.
- Duration: 6 weeks
- Class Recordings: All classes will be recorded and accessible for 12 months.
- Course Instructor: Almir Colan, Director of the Australian Centre for Islamic Finance (AUSCIF)
Why learn about Islamic Finance?
In a global quest for a fair and equitable economic and financial system, the demand for Islamic finance and economy is on the rise.
Islamic finance, rooted in the principles of Islamic law, offers a unique perspective that rejects usurious and speculative practices, promoting fairness and ethical conduct in business and finance.
By studying Islamic finance, you gain insights into the fundamental principles, prohibitions, and modes of financing that underpin this ethical approach. Expand your understanding and contribute to a more just and sustainable financial landscape.
Emerging Trends in the Islamic Economy
The trends and economic growth in relation to the Islamic economy are remarkable, as indicated by data from Pew Research:
With a population of 1.8 billion, Muslims represent approximately 24% of the global population.
Muslims are the fastest-growing religious group worldwide, and their numbers are projected to increase by 70% from 1.8 billion to nearly 3 billion by 2060.
The Muslim population is also the youngest, with a median age of 24 years old, which is seven years younger than the median age of non-Muslims.
By 2030, there will be more than 540 million Muslim youth and young adults (ages 15-29) globally, constituting approximately 30% of the world's youth population.
In this course, you will learn how to effectively cater to the needs of the value-driven economy and its consumers. Gain the insights and knowledge necessary to tap into the opportunities presented by the dynamic and expanding Islamic economy.
The Rise of the Islamic Economy: Opportunities and Growth
The Islamic economy is experiencing a significant upsurge as 1.8 billion Muslims worldwide make commercial decisions driven by their faith and values.
With over 50 Muslim-majority countries representing a combined purchasing power of over $19.4 trillion in PPP terms, these nations also boast some of the fastest-growing global economies.
By 2023, Islamic finance is projected to reach $3.8 trillion, while Halal food is expected to reach $1.8 trillion, modest fashion $361 billion, Halal media and recreation $288 billion, Halal travel $274 billion, Halal pharmaceuticals $131 billion, and more.
Enroll in this course to delve into Islamic finance, the driving force behind the robust growth of the Islamic economy. Gain the knowledge and skills to navigate and contribute to this thriving sector.
Instructor: Almir Colan
Almir Colan is the Director of Australian Centre for Islamic Finance (AUSCIF) and CEO at Olive Investments. Almir is also an adviser to number of institutions that provide Islamic finance and member of a working group at AAOIFI.
Previously, Almir was a consultant lecturer and board member for the Master of Islamic Banking and Finance Course at La Trobe University.
Sheikh Moustapha S.
The course is spectacular. It provides the student with a concise yet hollistic understanding of the vastly growing Islamic finance industry and its innovative Shariah compliant products. Though what I mostly found intriguing was its practical approach on dealing with everyday transactions.
Almir Colan’s genuine care, extensive knowledge and creative ways to explain complex issues make his course very engaging, interesting, and highly beneficial. I took the course and I must say, the thoroughness of each subject matter is much more than what you would normally expect from an intensive Islamic Finance course.
I did benefit from your online course a lot, from there I started my research on Islamic banking and finance reporting requirements and compliance with Sharia.