ISC213
IN PROGRESSIslamic Financial Transactions
ISC213 studies contemporary financial transactions through Islamic jurisprudence: how new transactions emerged, how a qualified scholar derives a ruling for them, and how Sharia treats incorporeal rights, insurance, shares, bonds, murabaha, credit cards, gambling, and multi-level marketing.
ISC213 studies contemporary financial transactions through Islamic jurisprudence: how new transactions emerged, how a qualified scholar derives a ruling for them, and how Sharia treats incorporeal rights, insurance, shares, bonds, murabaha, credit cards, gambling, and multi-level marketing.
- Define contemporary financial transactions and their characteristics in Islam.
- Compare new contracts such as shares, bonds, and the kinds of credit cards.
- Derive the rulings of new Islamic transactions from legitimate sources.
- Give the legitimate alternatives for forbidden business transactions, such as cooperative insurance and alternatives to bonds.