This course is intended for all adult Muslims who want to ensure that their daily financial dealings are legitimate and pleasing to Allah Most High. This unique course is based on both classical and contemporary texts, such as Mufti Taqi Usmani’s Islamic Finance: An Introduction. Students will acquaint themselves with the basic principles of Islamic finance; several contemporary issues will be covered as well, such as investing in financial securities and Shariah-compliant financing.

“Allah is pure and accepts nothing but the pure,” said the Prophet (Allah bless him and give him peace), and he also told us that Allah only accepts the works and supplications of those who make their earnings and spending lawful. [Muslim]

Needless to say, there is quite a bit of confusion amongst many Muslims today when it comes to the halāl and harām of money matters. This timely course is based on classical and contemporary authoritative texts, such as the writings of Mufti Taqi Usmani and the publications of the Islamic Fiqh Academy and the AAOIFI Shariah Standards. It is designed to give students the understanding required to be able to fulfill one’s financial duties to Allah with excellence. The course addresses the following questions and issues:

(1) How to give zakat properly, including on contemporary financial instruments and investments?
(2) The fiqh of charity
(3) Providing for family, parents, and children
(4) Wills, bequests, and inheritance
(5) The halāl and harām of everyday transactions --buying, selling, and dealings
(6) Making one's work, earnings, and spending halal and a means of seeking Allah's pleasure
(7) What is ribā’, and why is it harām?
(8) The principles of Islamic finance
(9) Investing in halal ways and using contemporary Islamic financial instruments
(10) Key contemporary financial issues, including Islamic alternatives to ribā’-based financial products

By taking this course, students will understand what they need to know to fulfill their responsibilities in money matters, and how to practically bring the radiant example of the Messenger of Allah (peace and blessings of Allah be upon him) into their work, earning, spending, and investing. Students will also gain an appreciation for the wisdom and benefit of the commands of Allah regarding financial matters and will get to value the clarity, depth, and benefit of the guidance of the Shariah in this area. They will also find out about contemporary Islamic finance scholarship, whom one should to listen to, whose answers to rely upon, and -- importantly -- what questions to ask, and how to distinguish between truly Shariah-compliant financial products and mere claims.

Lesson 1: Why Money Matters
Lesson 2: Zakat & Charity
Lesson 3: Monetary Religious Duties
Lesson 4: The Basics of Everyday Transactions
Lesson 5: Making Your Work, Earnings, and Spending Halal and Pleasing to Allah Most High
Lesson 6: The Prohibition of Riba and its Implications
Lesson 7: Key Principles of Islamic Finance
Lesson 8: The Rulings on Leasing & Hire
Lesson 9: Salam, Istisna, and Shariah Compliance
Lesson 10: Investing in the Stock Market
Lesson 11: Contemporary Issues in Islamic Financing
Lesson 12: The Question of Excellence

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