Essentials of Islamic Finance

Essentials of Islamic Finance provides a comprehensive understanding of ribā (usury) and the various types of contracts in Islam. By delving into these crucial topics, students will gain insights into the ethical and financial principles in Islamic law, clarifying the prohibition of ribā alongside the permissible contracts that guide Islamic economic transactions.

Taught by Shaykh Muhammad Abdurrahman, the course explores the prohibition of usury, the consequences of ribā-based transactions, and the operational principles of Sharia-compliant financial systems.

Students will learn:

• The concept of ribā, its types, and why it is prohibited in Islam

• The social, economic, and spiritual consequences of engaging in ribā

• A detailed exploration of permissible contracts such as Murābaḥah, Muḍārabah, Ijārah, and Istiṣnāʿ

• The principles of ethical economic practices focused on fairness, transparency, and mutual consent

• How Islamic finance operates without ribā and the role of Islamic banks

An essential course for anyone seeking to understand ethical financial transactions and Sharia-compliant economic principles.