FMF9

Syllabus E1d. Islamic Finance 2 / 8

d) Identify and discuss methods of raising short and long term Islamic finance, including
i) major difference between Islamic finance and the other forms of business finance.
ii) The concept of riba (interest) and how returns are made by Islamic financial securities.
iii) Islamic financial instruments availableto businesses including:
i) murabaha (trade credit)
ii) ijara (lease finance)
iii) mudaraba equity finance)
iv) sukuk (debt finance)
v) musharaka (venture capital) (note: calculations are not required)
Islamic Finance