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    Lecture 1

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    Abdul Moueed
    The document provides information about Islamic finance from the perspective of Abdul Moueed, who has a PhD in finance with a specialization in behavioral finance. It discusses his academic and professional background, research experience, and gives an introductory lecture on Islamic finance. The key differences between Islamic and conventional banking are that Islamic banking is based on Sharia'a principles and encourages risk-sharing, while conventional banking is based on interest and the creditor-debtor relationship.

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    Lecture 1

    Uploaded by

    Abdul Moueed
    63 views20 pages
    The document provides information about Islamic finance from the perspective of Abdul Moueed, who has a PhD in finance with a specialization in behavioral finance. It discusses his academic and professional background, research experience, and gives an introductory lecture on Islamic finance. The key differences between Islamic and conventional banking are that Islamic banking is based on Sharia'a principles and encourages risk-sharing, while conventional banking is based on interest and the creditor-debtor relationship.

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    The document provides information about Islamic finance from the perspective of Abdul Moueed, who has a PhD in finance with a specialization in behavioral finance. It discusses his academic and professional background, research experience, and gives an introductory lecture on Islamic finance. The key differences between Islamic and conventional banking are that Islamic banking is based on Sharia'a principles and encourages risk-sharing, while conventional banking is based on interest and the creditor-debtor relationship.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    63 views20 pages

    Lecture 1

    Uploaded by

    Abdul Moueed
    The document provides information about Islamic finance from the perspective of Abdul Moueed, who has a PhD in finance with a specialization in behavioral finance. It discusses his academic and professional background, research experience, and gives an introductory lecture on Islamic finance. The key differences between Islamic and conventional banking are that Islamic banking is based on Sharia'a principles and encourages risk-sharing, while conventional banking is based on interest and the creditor-debtor relationship.

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    ISLAMIC FINANCE

    By
    Abdul Moueed
    PhD (Finance)
    Academic Background
    Title Specialization Year
    M.Com Finance 2009

    M.Phil Finance 2015

    PhD Finance 2020


    (Behavioral
    Finance)
    Teaching and Research Experience
    More than 10 years of teaching experience
    Major Subjects are
     Corporate Finance
     Taxation Management
     Corporate Governance
     Islamic Banking/Finance
     Investments and Portfolio Management
     Financial Accounting
     Cost and Management Accounting
    Teaching and Research Experience
     Supervisionof Research projects and Thesis of
    Graduate and Master’s level students (BBA, MBA and
    MSc)
     University of Agriculture Faisalabad
     National
    college of business administration and
    economics, Lahore
     DHA Campus
     Chenab college of advanced studies, Faisalabad
     Ripha international university (Informatics College,
    Faisalabad)
    Research Publications/
    Google scholar citations
    Ihave published 8 Research Papers and 2 items
    are in publishing process

     Google Scholar/ Research Gate


     Moueed, A. [email protected]

     Research Items = 8 & Citations = 28


    Islamic Finance
    Introductory Lecture
     Islam
     Finance
     Islam + Finance = Islamic Finance
     Islam is a complete way of life
    Quran and Sunnah
     Finance deals with money related matters
    Conventional originated
    Importance of Trade in Islam
     Islam has given an immense importance
    to trade

     The nobility of this profession is obvious


    from the fact that it was the chosen
    profession of prophet Muhammad
    (PBUH).
    WHY ISLMIC BANKING

     Before explaining the concept “what


    is Islamic Banking” the elaboration
    of concept “why Islamic Banking” is
    very important.
     Islam is a complete code of life that
    provides guidance regarding each
    aspect of life.
    What is “Riba”

     Riba means excess, increase or addition

     Example; A person lend some money to another person


    and ask to pay back together with additional money
    within a fixed period of time.
     i.e., principal along with extra money (interest).
     If time period increases, Riba amount also increases.
    What is “Riba” Cont….

    Drawbacks of Riba
     It leads to hoarding money
     Monopolies and cartels
     Gulf between rich and poor increases

    Quran prohibited Riba many times….


    Types of Riba

    1. Riba Un-Nasiyah
    Anything excess to loan (money) is Riba

    2. Riba Al-Fadl
    Anything excess to commodity is Riba
    DIFFERENCE BETWEEN ISLAIC AND
    CONVENTIOANL BANKING

    Islamic Conventional
    Banking Banking

    1) Functions 1)Functions and


    and operations are
    operations based on fully man
    made principles
    are based on
    Sharia’h
    DIFFERENCE BETWEEN ISLAIC AND
    CONVENTIOANL BANKING

    Islamic Conventional
    Banking Banking

    2) Promote risk- 2) Investor is


    sharing between assured of pre-
    provider of capital determined rate of
    (investor) and user interest
    of funds
    DIFFERENCE BETWEEN ISLAIC AND
    CONVENTIOANL BANKING

    Islamic Conventional
    Banking Banking

    3) Aim at 3) Aim at
    maximising maximising
    profit but profit without
    subject to any
    Sharia'h restrictions
    DIFFERENCE BETWEEN ISLAIC AND
    CONVENTIOANL BANKING

    Islamic Conventional
    Banking Banking

    4) Partners, 4) Creditor-
    investor and Debtor
    relationship
    traders, buyer
    or seller
    relationship
    DIFFERENCE BETWEEN ISLAIC AND
    CONVENTIOANL BANKING

    Islamic Conventional
    Banking Banking
    5) Based on
    5) Encourage
    money trading.
    asset-based Money is a
    financing and medium of
    based on exchange and
    commodity not a
    DIFFERENCE BETWEEN ISLAIC AND
    CONVENTIOANL BANKING

    Islamic Conventional
    Banking Banking

    6) No right of 6) It is almost
    profit if there is risk free
    no risk banking and
    involved. The depositor has
    profit and loss no risk of
    sharing, losing its
    ISLAMIC BANKING PRODUCTS AND SERVICES

    Currently available Islamic Banking Products


    and services are
    a) Partnership based modes of financing
    Musharaka Finance, Mudaraba Finance
    b) Trade based modes of financing
    Murabaha Finance, Salam finance
    c) Rental based modes of financing
    Ijarah Finance, Diminishing Musharaka Finance
    Capitalism Vs Islam

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