ISD 216 covers 22 topics. StudyPath paces them into daily study
sessions that finish before your exam date, with practice questions and worked
answers for each one.
Roles of money and financial intermediation in Islam
Islamic banking and its origin
Islamic vs conventional banking
Principles of Islamic financing
Entitlement to profit or loss from investment
Profit, rent, wages and interest
Fintech in Islamic perspective
Central Bank of Nigeria and regulation of Islamic banking
Finance from Islamic perspective
Evolution of Islamic banking system
Islamic banking in Nigeria
Milestones and achievements of Islamic banking in Nigeria
Challenges of Islamic banking in Nigeria
Contribution of Islamic banking to Nigerian economic development
Differences between Islamic and conventional banking systems
Common Islamic banking contracts
Regulatory framework of conventional banking
A sample from this course
One topic, as StudyPath teaches it.
Historical origin and concept of money
The historical origin and concept of money trace the evolution from simple barter to commodity money, and finally to fiat and digital forms. Mastering this topic is essential for the exam because it underpins the rationale behind Islamic banking principles such as the prohibition of interest and the emphasis on tangible assets.
What you get for ISD 216
Every topic above, split into sessions and dated against your exam.
Practice questions per session, with answers that explain themselves.
Offline reading — the whole course is a few hundred KB on your phone.
An AI tutor that answers questions using this course's own material.