Survey of the Islamic instruments

Financial intermediation, within Islamic financial institutions, operates through a very different approach to that of conventional banking and capital market intermediation.

     This module compares the similarities and differences between all the Islamic banking and financial products.

• Nature of Islamic contracts
• Intermediation contracts-Mudaraba, Kifala, Amana, Takaful, Wikala, Ju'ala
• Transactional contracts- Murabaha, Salam, Ijara, Istisna'a, Musharaka
• What are the critical limitations of each of these contracts?