This module introduces candidates to how Islamic banks operate, the main services that Islamic banks provide, and the relationship between Islamic banks and their customers in providing these services. Candidates will learn about risk in Islamic banking services and the risk management measures practised in Islamic banks. The module ties together some of the Shariah, legal and financial system knowledge from the Foundation level, and sets the stage for competency-driven modules such as Banking Operations 2 and Structuring Products at the Proficient level.
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