This short course provides a comprehensive understanding of Riba (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. The course aims to clarify the detrimental effects of Riba and its prohibition, as well as the permissible contracts that guide Islamic economic transactions.
What Students Will Learn:
• The Concept of Riba: Understanding what Riba is, the types of Riba, and why it is prohibited in Islam.
• The Effects of Riba: Examining the social, economic, and spiritual consequences of engaging in Riba-based transactions.
• Types of Contracts in Islam: A detailed exploration of the various contracts permissible in Islamic law, such as Murabaha, Mudarabah, Ijarah, and Istisna.
• Ethical Financial Transactions: Understanding the principles of ethical economic practices in Islam, focusing on fairness, transparency, and mutual consent.
• Islamic Financial Systems: How Islamic finance operates without relying on Riba and the role of Islamic banks in promoting Sharia-compliant financial transactions.
Instructors:
Khalid Hassan is a graduate of the faculty of Sharee’ah, Qassim University In Saudi Arabia. He has studied under well known scholars such as Shaykh Khalid al-Mushayqih who is a student of Shaykh Uthaymeen Rahimahullah. He teaches Islamic Studies & Arabic at Madinah College and has delivered several talks at many universities and masaajids.
Ustadh Muhammad Abdurrahman is a Shariah Graduate of Qassim University and the founder of As-Sahibiyah Institute. He mainly teaches in Cardiff and Bristol Masajid and attends Islamic conferences and lectures at Universities around the UK