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.
Course Code
ISC213
Credit Hours
2
Prerequisites
None
01_DESCRIPTION
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.
02_SYLLABUS_INDEX // 04_DECKS // 27_SLIDES
0x01Introduction to the Course
0x02The Concept of Contemporary Financial Transactions & Its Characteristics
0x03Methodology of Ijtihad & Introduction to Incorporeal Rights
0x04Incorporeal Rights: Copyright, Trade Name, Invention Certificate
0x05Insurance
0x06Financial Securities (Shares)
0x07Bonds
0x08Murabaha
0x09Sale Deed Based on Leasing
0x0ACredit Cards
0x0BGambling
0x0CMulti-Level Marketing and Pyramid Schemes
ΣTotal Slides
03_LEARNING_OUTCOMES
- 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.
04_WEIGHT_OF_ASSESSMENTS
0x01First Major Exam
0x02Second Major Exam
0x03Participation & Assignment
0x04Written Final Exam