Islamic Banking and Finance Division of Darul Uloom Online aims to introduce the concepts of Islamic Finance and usury free economic transactions illustrated in the teaching of Quran and the tradition (Sunnah) of the Messenger of God.

Islamic Banking and Finance Division of Darul Uloom Online conducts courses with the purpose of teaching the principles and methodologies of the Islamic financial system. The academic curriculum will help to develop academic qualifications and necessary professionalism among the individuals. The skills will help these individuals to implement Islamic financial system in all aspects of dealings in the financial industries and banks.

Islamic Banking is growing at a rate of 10-15% per year and with signs of consistent future growth. Islamic banks have more than 300 institutions spread over 51 countries, including the United States through companies such as the Michigan-based University Bank, as well as an additional 250 mutual funds that comply with Islamic principles. It is estimated that over US$822 billion worldwide Sharia-compliant assets are managed according to ‘The Economist’. The World Islamic Banking Conference, held annually in Bahrain since 1994, is internationally recognized as the largest and most significant gathering of Islamic banking and finance leaders in the world. The Vatican has put forward the idea that "the principles of Islamic finance may represent a possible cure for ailing markets."

The market potential for Islamic financial services in Europe is mostly derived from socio-economic data of the Muslim community in these markets. Unfortunately, this only gives a hint of the real market potential in the region. To quantify the possible demand for Islamic financial services and products in Europe, comprehensive empirical research was conducted in order to evaluate the real market potential and to derive clear strategic advice for Islamic banks from the Middle East on how to penetrate the European market. The research was carried out as a survey among a sample of Muslims in a number of cities in Germany, as Germany has the largest Muslim population in Europe. With some modifications, the results can be generalized for the whole European market as differences in attitudes of Muslims from a different origin were adjusted by specific weighting factors.

The results clearly demonstrate that there is a strong demand for Shari'ah compliant financial products in Europe. More than 50% of the participants in the survey are aware of the existence of Shari'ah compliant financial products, but less than 5% have actually bought some yet. Among the Islamic products already bought are pure Islamic investment funds and certificates. All of them are managed or issued by major international banks. Among them are the Al-Sukoor European Equity Fund by Commerzbank, the Noriba Global Equity Fund by UBS/Noriba and various equity builder certificates issued by Deutsche Bank.