Shariah Based Banking () (SBB)
Shariah-Based Banking (SBB)
Full Marks: 100
Module A: Principles of Islamic Economics and Banking
- Islamic Economics—Meaning, Source and Scope
- Nature of Economic Law, Islam and other Economic Systems
- Consumption and Production in Islam
- Distribution of Wealth in Islam, Trade and Commerce in Islam
- Islamic Approach to Money, Banking, and Monetary Policy
- Interest in Islam, Meaning and Types of Riba, Conceptual Issues Related to Riba
- Comparative Analysis between Interest and Profit
- Objectives and Functions of Islamic Banking
- Operational Mechanism of Islamic Banking System
- Guarantee in Islamic Banking, Non-Banking Services of Islamic Banks
- Islamic Bank and Central Bank, Conventional vis-Ă -vis Islamic Banking
Module B: Deposit Mobilization Process
- Al-Wadia and Al-Mudaraba Accounts—their Characteristics and Mode of Operations
- Hajj Deposit Account, Cash Waqf Account
Module C: Finance and Investment in Islamic Banks
- Musharaka, Mudaraba, Bai Murabaha, Bai Muazzal, Bai Salam, Bai Al-Istisna
- Hire Purchases, Hire Purchase Under Shirkatul Milk, Quard-e-Hasana
- Lease Finance, Auction Investment, Syndicated Investment
- Izara bil Baia, Muzara'a, Mugarasa, Musaqat
- Specialized Financing—Rural, Agro-, Micro, and SME Finance—their modes and operational procedures
- Corporate Social Responsibilities—Zakat, Sadaqa, Cash Waqf, Quard-e-Hasana
Module D: Foreign Exchange Operation of Islamic Bank
- Import and Export Financing—MIB, MTR, MPI
- Methods of Trade Payments, Exchange Rates
- Applicable Rates for FEX Operations
- Offshore Banking—discounting, UPAS, Deposit Collection, etc. under Islamic Modes
- Export Development Fund, Refinancing Facilities from Bangladesh Bank
Module E: Fund and Capital Management in Islamic Banking
- Asset-Liability Management (ALM), Liquidity Management
- Liquidity versus Profitability, Liquidity Theories and Islamic Banking
- Risk Management in Islamic Banks
- Islamic Money Market, BGIBB Operation
- Islamic bonds—Mudaraba Perpetual Bond, Mudaraba Subordinate Bond, Sukuk Bond
Module F: Accounting Standards and Supervisory Framework
- Central Banking in Islamic Framework, Monetary Policy in Islam, Banking Supervision
- Need for Shariah Supervisory Board – Relationship with Board of Directors and Central Bank
- Role and Function of Shariah Supervising Board in Shariah Compliance
- General Accounting Concepts; Accounting and Shariah Standards for Murabaha, Musharaka, Ijara, Bai Salam
- AAOIFI Standards; Profit Distribution and Weight calculation
- Global and Bangladesh Practice of Islamic Banking