Falco Academy Pte Ltd
APPLIED ISLAMIC FINANCIAL PLANNING – RIBA & BARAKAH ,UNDERSTANDING MUAMALAT AND DEBTS AND LOANS

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APPLIED ISLAMIC FINANCIAL PLANNING – RIBA & BARAKAH ,UNDERSTANDING MUAMALAT AND DEBTS AND LOANS

  • TBC
  • 9:30am - 5:30pm
  • S $45.00 S$121.50 (after 80% Subsidy, includes GST) or S$76.50 (after 90% Subsidy, includes GST)
  • Virtual Class

The programme focuses on helping financial advisers and insurance agents to understand and appreciate the Islamic Banking Core Concepts on dos and don’ts pertaining to Usury (Riba).
Financial Practitioners will learn and appreciate the Islamic Finance Philosophy and key ethics of Islamic Banking Commercial Transactions.

To be effective in applying the Islamic Banking Core Principles, it aims to address the common pitfalls of debt issues and Financial Practitioners will be able to calculate the debts incurred using the compounding interest calculation.

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Description

Learning Objectives & Outcomes:

  • Upon completion of the programme, the FA Representatives or Insurance Agents will be able to:
  • Understanding the Islamic Banking Concept on Usury -charging of unreasonably high interest rates
  • Understanding the stages of prohibition in Usury.
  • Appreciation of Islamic Finance Philosophy
  • Understand business ethics concerning Islamic Commercial Transactions
  • Gain an in-depth understanding on the pitfalls of credit cards in situations of minimal payments or inability to repay.
  • Understand the concept of Compounding Interest Rate and the calculation method.
  • Able to calculate the debts incurred using the compounding interest rate table