An Introduction into Islamic & Ethical Finance
Delve into the world of Islamic and Ethical Finance while going on a journey to understand the principles of the money, finance and trade through the Prophetic ways of conducting business and creating avenues for success.
The London Stock Exchange (LSEG) produced an Islamic Finance Development Report in 2023 and expects the Islamic Finance Industry to grow to $6.67 trillion by 2027. Currently the global industry is valued at over $4 trillion.
There has been a growing demand to learn about the characteristics of Islamic finance due to its equitable and more fairer principles and its viable alternative to the interest based economic system we are entrenched within today. Sustainability and ethical considerations have also increased and the two have a directly correlated relationship which will be taught and covered on the course.
This course is an introduction on Islamic Finance and will enable attendees to have a better grasp of some of the foundational principles and how they can be applied to modern day finance and money management.
Below you can see a brief itinerary and structure of the day. Lunch will be provided insha’Allah
Subjects to be covered:
Morning session:
- Introduction
- Purpose of Finance & money
- 1st principles – Shariah World View
- Developing the correct Financial Mindset
- Barakah vs Materialism
- Rizq
Afternoon Session:
- Income Generation
- Entrepreneurship vs Working
- Budgeting
- Spending
- Investing
- Investment Asset Classes
- Pensions
- 70/20/10 Rule
- Case Studies
- Financial Planning
Course Instructor:
Omar Khaliel is a Co-Founder and the current CEO of the Riba Free Foundation (RFF). Omar advocates for people to live a Riba Free lifestyle by learning the true intended principles of Shariah when it comes to managing money and utilising finance for the betterment of society. Finance after all should be a facilitator of trade, building public infrastructure, pioneering innovation, poverty alleviation, providing access to education but in a responsible, long-term financially sustainable manner, to create a functioning and prosperous society for all.
Omar’s background is in commercial finance where he spent over 15 years notably in a variety of FTSE 100, FTSE 5 and multinational blue-chip companies across UK, UAE, Saudi Arabia, South Africa, Hong Kong and China.
With the start-up of the Riba Free Foundation, Omar plans to use his experience and knowledge to help the masses become financially literate. Omar is a leadership development coach and is enthusiastic about developing the next generation of well-rounded, financially literate, ethical and responsible future leaders. He is also CEO of Digital Easily, an impact-led and ethically conscious digital marketing agency.
