Fiqh of Financial Transactions MGNE 4229A

Course description:

It discusses the following topics: Definition of the jurisprudence of Islamic financial transactions. Study of contract theory in Islamic jurisprudence. Types of contracts - held - types of contract. The provisions of the sales - Staff of sales - Terms of Sale - taboos sales. Forbidden to itself, is forbidden for a reason, injustice, deceit, usury and types. The sales contract types - utility contract (lease, loan, bare). Held on the eye (peace, installments, Murabaha). Decades Posts (companies, speculation, sharecropping) Authentications contracts (warranty, mortgage, deposit). Contracts donations.

Course Aims:

Upon completion of the course, students will be able to:
  • Student learns the provisions of the financial transactions in Islam.  
  • A comprehensive statement of Islamic jurisprudence.  
  • Forms of modern financial transactions.  
  • Comparisons between Islamic financial provisions and conventional financial laws. Guiding students to the fertility of Islamic jurisprudence in the transaction and its flexibility and its validity for every time and place. 
  • Enable the student to connect the study of contemporary jurisprudence financial transactions and terminology, focusing on striking examples of reality. 
  • Providing students with correct information about the terms of the sale, and the options, with the intake of some special sales. 
  • Understanding Usury and sanitation, and peace and foreclosure.

Course outcomes:

By the successful completion of this unit, students will be able to:
The students will gain a profound knowledge and sound acumen regarding fiqeh of financial transactions.