Overview of Financial Products

This module introduces candidates to the wide range of products and services offered in the banking and takaful industries, and how these products address the financial needs of the various categories of customers. Candidates will learn about the underlying principles of the Islamic law and will be able to differentiate between conventional and Islamic contracts. Lastly, the module will expose the candidates to the comparison between equity and debt products in the banking industry. At the Intermediate level, candidates will progress to the Applied Shariah in Finance module, in which they will critically discuss the underlying Shariah contractual principles that form the basis of financial products and services.