Islamic commercial banking is where fiqh, finance, regulation and the real economy meet. This course builds practical capability across the whole system: the paradigms and purposes of Islamic banking; the Sharīʿah contracts behind its products — murābaḥah, ijārah, mushārakah, muḍārabah, wakālah and their supporting agreements; deposits and investment accounts; retail, SME and corporate financing; treasury, liquidity and benchmark reform; Sharīʿah governance, product approval and audit; prudential regulation and risk; accounting and disclosure; the form-versus-substance debate; financial inclusion and community banking; and the frontier of digital banking, tokenisation and CBDCs. Grounded in AAOIFI, IFSB, Basel and central-bank frameworks, and taught at beginner, intermediate and advanced levels, it is valuable for bankers, product and compliance officers, Sharīʿah advisers, regulators, fintech founders and researchers.

Studying Islamic commercial banking can be a path toward ʿilm nāfiʿ: knowledge that helps money serve people and the real economy rather than merely multiply itself. The course connects banking to an Islamic vision in which return is earned through trade, ownership, partnership and shared risk — not ribā — and in which gharar and maysir are restrained, and trust (amānah) is kept with every depositor. Its themes relate to the maqāṣid al-Sharīʿah: protecting and circulating wealth justly (ḥifẓ al-māl), fairness in contracts, and directing finance toward inclusion, enterprise and community benefit. Without issuing legal determinations, the course helps learners weigh substance over form, honour the amānah that a Sharīʿah label carries, and see banking as a means of stewardship before the Creator and creation.