Skip to content
Write a review
UdemyBusinessPaid courseAll LevelsCertificate

Introduction to Islamic Economics and Finance (Udemy.com)

Learn one of the Fastest Growing Niches in Economics and Finance, and Understand how Islamic Financial Instruments work

4.5
718 reviews

Created by: Timur Kazantsev

Last updated November 2019

icon
What you will learn

  • Understand the main principles and terms of Islamic finance
  • Compare and contrast between Conventional (western) and Islamic finance
  • Be able to distinguish between various Islamic financial products
  • Learn the volume and figures of Islamic financial market
  • Learn the history of Islamic finance

How it compares

Against the other 1,210 rated Udemy courses in Business on CourseDuck:

  • Rating4.5 out of 5higher than 46% of them
  • Reviews718#552 of 1,211 by number of reviews
  • Length0.9 hoursshorter than 90% of them
  • Last updatedNovember 2019earlier than 91% of them

icon
Course Description

Although Islamic finance is a relatively small player in global terms, most analysts agree that it has been growing in the last decades at a rate of between 15% and 20% and shows no sign of reducing in the short to medium term. This continued growth has been supported by the actions of many governments around the world, including the UK, Germany, the USA, and Luxembourg, not to say Dubai and Malaysia, keen to see the development of this alternative financial system. 

Islamic finance is in some ways similar to the traditional financial system, yet it uses different mechanisms which in difficult financial times prove to be more viable in comparison to conventional banking. 

Take this short course to learn the fundamental differences between the conventional banking and Islamic finance and get acquainted with the most common modes of Islamic financing in more detail.

Shall you have more questions, the Waqf Fund, co-author of the course, will be happy to answer in the comments section. 

As all Udemy courses, Introduction to Islamic finance has also a 30-day no-questions refund policy, so you do not risk anything. After the completion of the course, students will receive Udemy certificate.

*** 

April 2018. 

Added a lecture on Islamic bonds - Sukuk. Global airlines such as Emirates and Etihad, to name but a few, have already attracted investments in billions US dollars via sukuk in the recent years as the market of sukuk continues to grow.

Added the final test to check what you have learned during the course.
Read More All Levels All Levels product length iconTime: 54 mins

icon
Udemy Discount

The discount is applied through our link. Open the course from here and Udemy's current promotional price is applied at checkout on most courses, no code to type.

Get the Udemy discount

Some courses are excluded from Udemy's promotions. If the price does not drop, clear your browser cookies and use the button again.

icon
Instructor Details

Timur Kazantsev

I'm an MA graduate with degrees in International Relations and World Economy. Learning foreign languages, travelling and working in cosmopolitan environments has always been indispensable part of my life. 

My work experience includes working on challenging projects for government and private sector (security products, banking, investment) across 5 continents, including Africa, Middle East, South-East Asia and Americas, and internship at the UN Office and WTO in Geneva, Switzerland. 

I'm totally passionate about Artificial Intelligence, Finance&Investing, Psychology, Craftsmanship, and Languages - I speak English, Russian, French, Turkish and a little Arabic, I also started learning Hungarian a while ago:). I'm keen on reading, sports, football, and playing the guitar. 

I'm always eager to enhance and learn new skills and strive for new knowledge.

In my courses I try to combine basic theoretical knowledge with practical examples, and deliver them in reasonably short yet powerful, ready-to-implement lectures.

Read More

icon
More Business courses

$10.99

$13.99

$13.99

$59.99

$19.99

$19.99

All Business courses

icon
Reviews

4.5

718 ratings on Udemy

Select a bar to show only those reviews.Select the bar again to show every rating.

Write a review

By Maria Ijaz on 4/4/2026

It is a good course, and provides basic knowledge that can be further dealt in details. Also, I tried accessing the reading material, but somehow the links weren't working.

By Hamid Hamidettin Arsevenoğlu on 6/25/2025

Thanks to everyone who contributed. I think this course is available for people, who want start to concern with Islamic Economics and Finance areas. Especially schemes in presentations made easier to terms and issues understand.

By Tayyibah du Preez on 10/2/2022

I really enjoyed this course. I do feel it could have expanded more on the different types of transactions, but overall it was informative, especially with regard to explaining the difference between Islamic transactions and western transactions.

By Shafitri Arindya Ramadhanty on 6/1/2022

This course is amazing. I found it easy to understand and the way it's explained is interesting. There is also a wealth of information that keeps me intrigued. Thank you so much!

By Ali Ali on 2/11/2022

Great introduction, well explained, the diagrams were real help and content breakdown was easy to digest. Wish you can prepare the next level where you discuss the accounting side of things. Thank you.

By Zain Adil on 8/26/2020

It was an awesome experience learning about Islamic Finance. The lectures are concise and very clear in concept where the instructor has done a wonderful job in explaining and properly utilizing the graphical space. I would definitely recommend this to anyone who wants a basic idea on Islamic Finance.

By Napoleon Okosu on 1/10/2019

Excellent presentation and well organised course. However, the course requires more exercises and more wording of the presentation, as it was basically graphical and pictorial.

By Syed Ibrahim on 7/30/2018

Masha Allah this course was really amazing beautifully explained all the concepts of islamic finance in a very easy way. i really enjoyed this course A lot anyone who wants to learn about islamic finance then i think this course is the best one

By Jibu on 5/25/2018

Across the net explanation for the terms used in Islamic finance is available. Using graphics you have explained it quite nicely. Request to upload more unique modes of islamic financing. It gives a feeling that IF is different but end of the day it feels like interest only. The only practical exception I could find was http://interestfreehousing.ca/home-buying/buying-a-home-from-ihc , where its Ijara in real terms as customer pays only the real market rental value plus payment towards ownership. Request to bring about more of such unique and convincing methods of islamic financing.

By Zohaib Akhtar on 3/20/2018

Simple and short introduction about what actually Islamic Banking is and how it works.. good for beginners and new bankers Waiting for next more detailed and comprehensive course to become a complete Islamic Banker and improve CV

Showing all 10 reviews on CourseDuck

Read all 718 reviews on Udemy

icon
Quality Score

No CourseDuck member has rated this course yet. Taken it? Give each part a thumbs up or down.

Content Quality
/
Video Quality
/
Qualified Instructor
/
Course Pace
/
Course Depth & Coverage
/

Overall Score : 90 / 100

Introduction to Islamic Economics and Finance
Visit course on Udemy Write a review
  • Video Duration: icon 54 mins
  • Price: $69.99
  • Provider: icon Udemy
  • Updated: icon November 2019
  • Level: All Levels All Levels
  • Language: icon English
  • Certificate: icon Yes
30-day money-back guarantee on most paid courses

Udemy Coupon Price Tracker

Udemy price history

For any issues or feature requests please email CourseDuck's Co-Founder at mkuhlman12@gmail.com