Islamic Finance Key Concepts for Shariah Law Students

Islamic Finance Key Concepts for Shariah Law Students, Riba, Qimar, Maysir and Gharar in the context of Shariah; The Fiqh concept; Notable Teachings.

Do you need to quickly understand the key concepts of Shariah Finance? This course, which is taught in an accessible language, will teach you what is not permitted under Islamic Finance Law and what is the rationale behind the prohibition.  The course is intended for students of Islamic Finance Law and for people interested in transacting in Shariah compliant ways. It is an introductory course, which will serve as a foundation for Course Two, which will look at different Islamic financial instruments in more detail and Course Three, which will explore the link between Islamic Finance and FinTech.

By the end of this course you will learn:

• ›The meaning of Shariah
• ›How Shariah differs from Fiqh
• ›Which takes precedence over the other
• ›The proximity between the two concepts
• ›How this plays out in practice
• The main points of the teachings of Imam Juwayni, Imam al- Ghazali and al-Shatibi
• About Sukuk and Waqf
• What is Riba, Qimar, Maysir and Gharar
• The prohibitions on certain products and industries under Islamic Law

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