In the Fiqh of Business and Financial Transactions course, students delve into the fundamentals of Islamic Financial Law. This comprehensive course provides a deep understanding of the principles and perspectives of Shariʿah (Islamic law) in relation to crucial contemporary financial transactions. Throughout the course, students will explore and analyze various topics, including: Dealing with credit cards, cryptocurrency, stocks, and financial derivatives within the framework of Islamic Financial Law; Comprehensive examination of the concepts and rules of usury/interest (riba) and uncertainty/hazard (gharar), along with their applications in modern financial contexts; Understanding the implications of bank loans and gambling from an Islamic perspective, and In-depth exploration of primary Islamic banking products, their features, and their compliance with Shariʿah principles. The successful completion of this course will equip participants with essential Shariʿah knowledge necessary for Muslims who aspire to adhere to Shariʿah rules in their financial dealings and investments. Students will engage in interactive lectures, case studies, group discussions, and practical exercises to deepen their understanding of Islamic Financial Law. The course emphasizes critical thinking, analysis of contemporary financial practices, and the application of Shariʿah principles in real-world scenarios.
