Islamic Finance
Course Overview
This course will look at the laws, regulations, and ethics of finance and economics according to Islamic law. The topics covered will range from everyday financial matters to the complexities of Islamic banking, with an emphasis on helping students navigate contemporary issues guided by the wisdom of the revealed sources.
Learning Outcomes
Upon successful completion of this unit, students should be able to:
- Understand the historical development of contemporary Islamic Finance
- Understand the Fiqh (Islamic Jurisprudence) relating to Islamic Banking and Economics
- Understand the basics of financial partnerships in Islam
- Understand the ethics and principles underlying Islamic Finance
Controversial topic
The sheikh very eloquently breaks down the concepts of finance and the islamic models into simple language. He dismantles the notion of islamic banking in the present form but unfortunately falls short of detailing a clear plan for muslims in the short and medium term. Some of the fatawa in regards taking conventional mortgage, student loans, pensions and continuing to work in pubs whilst looking for alternative jobs may come as a surprise to some students of knowledge. I suggest a longer session is organised to discuss some of the potential solutions in greater detail.