Principles of Islamic law
4
Lessons
4
Videos
All
Skill Level
3 h
Duration
English
Language
About
The Islamic Finance & Transactions Programme is part of the Islamic Law Course. It delivers the subject matter in a modern format, utilising mature visual aids and in-depth resources to simplify difficult concepts. The programme focuses on the general principles of Islamic finance and transactions from all four canonical schools of Islamic jurisprudence. It builds on the key principles of Contract Law and journeys into multiple types of Islamic transactions followed by Islamic Finance.
Syllabus
The programme is divided into four key parts:
Introduction to Fiqh; the distinction between al-‘Ibādāt, matters pertaining to worship; and al-Mu’āmalat, matters pertaining to business and financial interactions, social interactions, penal law, and political and military interactions.
Contract Law; components and conditions of a valid contract, right of inspection, right of rescission, laws pertaining to defects, products and services being fit for purpose, interest-based transactions, the principle of ownership and possession, the principle of product existence, the principle of uncertainty, the difference between void and suspended contracts
Types of transactions; murabah (profit-based transactions), tawliyah (cost-price transactions), sharikah (joint enterprises such as mudarabah and musharakah), ijarah (lease), salam (forward sales and agricultural transactions), istisna’ (manufacturing contracts)
Types of Financing: modes of financing using diminishing musharakah or mudarabah enterprises, using murabaha as a mode of financing and its limitations, using ijarah as
a mode of financing and its limitations, using salam to finance agricultural projects, using istisna’ to finance manufacturing projects.
Part 1-4: students will be provided with notes and/or slides and will be expected to prepare from Mufti Taqi Uthamani’s ‘Introduction to Islamic Finance’.
Instructor
Farhan Mahmood is one of the lecturers at Islamic Courses Online. He completed his LLB in Law in 2009 and attained a distinction in an MSc in Management Consultancy in 2011. After gaining experience in Law, he took the route to becoming a student of knowledge in 2012. He graduated in 2018, and since then he has been teaching Arabic Language, Fiqh, Usul al-Fiqh, and Tafsir.
Who is the course for?
This programme is suitable for those who intend to learn Islamic Law in a comprehensive manner yet at their own pace.
● This programme is suitable for students who have already studied or participated in the earlier sections of the Islamic Law course, primarily the chapters pertaining to worship and have a firm grasp of the basics of Islamic legal theory.
● The duration of each level depends upon students’ caliber and dedication towards classes.
● Students can speed up their pace in completing the various levels or slow down depending on how much quantity they can retain and how many levels they wish to cover.
● Students can set a pace of daily, weekly, and even monthly intervals.
● The average time in which a student is expected to complete one entire part of this programme is 1 academic term of weekly studies, whereby the student completes at least one section per week; both by watching all the relevant videos of a lesson and preparing the reading of the core text.
Course Overview:
- To provide a comprehensive study of Islamic law for those who wish to learn at their own pace.
- To enable students to grasp otherwise difficult aspects of Islamic Law, in an easy and structured manner.
- To allow students to grasp the language of Islamic Law, as well as its jargon and technical terms.
- To empower students to become independent students of Islamic law and basic legal theory.
- Students should be able to comprehend Islamic Law, read classical and contemporary texts on jurisprudence.
- Students are expected to engage with texts of Islamic Law.
- Students are expected to read books of Islamic law and Islamic legal theory with minimal hinderance.
- Students are expected to navigate the legal and theoretical paradigms of Islamic Law.
Learning Path
Video 57 Min
Video 82 Min
Video 89 Min
Total of 3 Videos 180 Min
Video 48 Min + 2 Min read to complete
Ustadh Farhan Mahmood introduces different perspectives of verbs – positive & negative, transitive & intransitive, and active & passive, focuses on transitive & intransitive verbs and moves onto active & passive verb patterns.
Are You Ready To Start?
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