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ISD 119 Introduction to Islamic Financial System

ND1 levelSocial Sciences6 topics

ISD 119 covers 6 topics. StudyPath paces them into daily study sessions that finish before your exam date, with practice questions and worked answers for each one.

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Course outline

The topics this course covers, in teaching order.

  1. Concept of Islamic financial system
  2. Islamic finance versus Islamic financial system
  3. Evolution of Islamic financial system
  4. Growth of Islamic finance
  5. Islamic financial system as alternative to conventional finance
  6. Objectives of Shariah-compliant financial transactions

A sample from this course

One topic, as StudyPath teaches it.

Concept of Islamic financial system

The Islamic financial system is built on the principles of profit‑and‑loss sharing, prohibition of interest (riba), and ethical investment. Mastering these concepts is essential for the exam because they underpin all product design, risk management, and regulatory compliance in Islamic finance.

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