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Colleges

Contemporary Financial Transactions

Course Description: Definition of contemporary financial transactions, statement of their origins, steps to understand their rulings, methods of jurisprudential adaptation, banking services, bank deposits, bank transfers, discounting commercial papers, investment services, stocks and bonds, investment funds and portfolios, credit services, installment sales, murabaha sales, lease ending with a promise to buy, bank cards, banking tawarruq, lease financing, insurance, istisna'a, supply contract, contracting contract, stock exchanges.
Credits: 2
Objectives of the course :

– Student's knowledge: Rulings on financial transactions and their emerging issues, with foundational principles and evidence.
- Developing a student's jurisprudential faculty so they can comprehend, deduce, and apply the jurisprudential rulings related to financial transactions, and to transfer these competencies to society.
– Demonstrating etiquette and skills in dealing with those who disagree on controversial issues.
Leveraging modern technology to access information on course matters. .

Course outputs :

Knowledge and understanding:
1- To understand what is meant by contemporary financial transactions, their origin, the steps to know their rulings, and methods of jurisprudential classification for them.
2. To state the provisions of banking services, bank deposits, bank transfers, discounting of commercial paper, and the provisions of investment services: stocks, bonds, and investment funds and portfolios.
3- To distinguish between the rulings of credit services: installment sale, murabaha sale, ijara ending with a promise to purchase, bank cards, bank tawarruq, ijara financing, and the rulings of insurance, istisna', supply contract, contracting, and stock exchanges. To differentiate between types of proof methods and circumstantial evidence.
Skills:
1- To correctly provide a jurisprudential adaptation for emergent financial transactions.
2- To derive the rulings for banking services: bank deposits, bank transfers, and discounting of papers.
Values, autonomy and responsibility:
1. Adhering to Islamic ethics, social, professional, and academic values, and the etiquette of disagreement.
2 - Bear the assigned responsibility professionally and independently.
3- Work collaboratively and effectively as a team.

Additional information:

Course Topics:
Definition of contemporary financial transactions, statement of their origin, steps to know their rulings, methods of jurisprudential classification for them. .
Banking services, bank deposits, bank transfers, commercial paper discount. .
Investment services, stocks, and bonds.
Investment Funds and Portfolios. .
Credit services, installment sales, murabaha sales. .
Lease ending with a promise of ownership.
Bank cards. .
Tawarruq banking, Ijara financing, Insurance. .
Istisna' contract, supply contract. .
Contract, Exchanges.

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