BNK612 : Financial Jurisprudence in Islam

Course Overview

Course Synopsis

Islamic financial jurisprudence explains to us permissible and prohibited transactions in Islam. The objective of this course is to enable the students in understanding various Shariah injunctions (Ahkam) relating to economic activity and commercial transactions such as Musharakah, Mudaraba, Salam, Istisna, Muzara’at, Sale, Lease, Service hiring contract etc., Gift, Donation, Waqf, Qarz, Agency, Amanat , Guarantee, Hawalah, Rehn (Pledge) etc. This course will enable the students in apply the principles of Islamic financial jurisprudence to their daily economic and business activities.

Course Learning Outcomes

Upon the completion of the course, students should be able to:

  • • Demonstrate the importance of the knowledge of Islamic financial jurisprudence in Islamic finance activities.
  • • Apply the principles of Islamic financial jurisprudence to their daily economic and business activities.
  • • Demonstrate the ability to identify the prohibitive elements in financial and commercial activities.
  • • Demonstrate the knowledge of various juristic opinions on financial transactions.
  • • Apply Islamic transactions as alternatives to current business practices.


Course Calendar

TopicLectureResourcePage
Introduction to Islamic Jurisprudence1Islamic Law of Contract and Business by Dr. Tahir Mansoori
Islamic Values of Earnings and Business Ethics2Islamic Law of Contract and Business by Dr. Tahir Mansoori
Riba in Quran3Islamic Law of Contract and Business by Dr. Tahir Mansoori
Moral and Economic Evils of Riba4Islamic Law of Contract and Business by Dr. Tahir Mansoori
Prohibition of Riba AL-Fadl5Islamic Law of Contract and Business by Dr. Tahir Mansoori
Quiz No. 01
Bay Al-Inah and Tawarruq6Islamic Law of Contract and Business by Dr. Tahir Mansoori
Gharar (1)7Islamic Law of Contract and Business by Dr. Tahir Mansoori
Gharar (2)8Islamic Law of Contract and Business by Dr. Tahir Mansoori
Gharar in Insurance9Islamic Law of Contract and Business by Dr. Tahir Mansoori
Maysir, Qimar, Tasriyah & Tatfeef10Islamic Law of Contract and Business by Dr. Tahir Mansoori
Nature of Inconsistent Combinations11Islamic Law of Contract and Business by Dr. Tahir Mansoori
Contract and its Elements12Islamic Law of Contract and Business by Dr. Tahir Mansoori
Contractual Session13Islamic Law of Contract and Business by Dr. Tahir Mansoori
Contractual Capacity of Parties14Islamic Law of Contract and Business by Dr. Tahir Mansoori
Taflis and Coercion15Islamic Law of Contract and Business by Dr. Tahir Mansoori
Types of Contract16Islamic Law of Contract and Business by Dr. Tahir Mansoori
Graded Discussion Board No. 01
Nature of Sale17Islamic Law of Contract and Business by Dr. Tahir Mansoori
Options in Sale Transaction (Khiyaraat)18Islamic Law of Contract and Business by Dr. Tahir Mansoori
Murabahah (1)19Islamic Law of Contract and Business by Dr. Tahir Mansoori
Murabahah (2)20Islamic Law of Contract and Business by Dr. Tahir Mansoori
Salam21Islamic Law of Contract and Business by Dr. Tahir Mansoori
Salam in Islamic Banks22Islamic Law of Contract and Business by Dr. Tahir Mansoori
Grand Quiz in Lieu of Mid Term
Istisna (1)23Islamic Law of Contract and Business by Dr. Tahir Mansoori
Istisna (2)24Islamic Law of Contract and Business by Dr. Tahir Mansoori
Agency Contract25Islamic Law of Contract and Business by Dr. Tahir Mansoori
Assignment No 01
Ijara (1)26Islamic Law of Contract and Business by Dr. Tahir Mansoori
Ijara (2)27Islamic Law of Contract and Business by Dr. Tahir Mansoori
Juala28Islamic Law of Contract and Business by Dr. Tahir Mansoori
Musharakah (1)29Islamic Law of Contract and Business by Dr. Tahir Mansoori
Musharakah (2)30Islamic Law of Contract and Business by Dr. Tahir Mansoori
Musharakah (3)31Islamic Law of Contract and Business by Dr. Tahir Mansoori
Diminishing Musharakah32Islamic Law of Contract and Business by Dr. Tahir Mansoori
Mudarabah (1)33Islamic Law of Contract and Business by Dr. Tahir Mansoori
Mudarabah (2)34Islamic Law of Contract and Business by Dr. Tahir Mansoori
Kafalah35Islamic Law of Contract and Business by Dr. Tahir Mansoori
Bank Guarantee and Letter of Credit (LC)36Islamic Law of Contract and Business by Dr. Tahir Mansoori
Rahn (1)37Islamic Law of Contract and Business by Dr. Tahir Mansoori
Quiz No. 02
Rahn (2)38Islamic Law of Contract and Business by Dr. Tahir Mansoori
Hawalah39Islamic Law of Contract and Business by Dr. Tahir Mansoori
Qarz40Islamic Law of Contract and Business by Dr. Tahir Mansoori
Impact of Inflation on Loan41Islamic Law of Contract and Business by Dr. Tahir Mansoori
Sukuk42Islamic Law of Contract and Business by Dr. Tahir Mansoori
Types of Sukuk43Islamic Law of Contract and Business by Dr. Tahir Mansoori
Waqf44Islamic Law of Contract and Business by Dr. Tahir Mansoori
Takaful and Its Types45Islamic Law of Contract and Business by Dr. Tahir Mansoori
Final Term Exams
 
 
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