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Contemporary Issues in Transactional Jurisprudence

Course Description: To define contemporary jurisprudential issues in transactions, how they are conceptualized, and how Islamic legal rulings are applied to them in light of Islamic legal principles.

Credits: 2

Objectives of the course :

– Introduce the student to contemporary jurisprudential issues in the fiqh of transactions in its various chapters.
– Equipping the student with the skill of jurisprudential derivation for contemporary issues in the jurisprudence of transactions, and how to conceptualize them and research their ruling in light of Islamic legal principles.
– Deriving contemporary issues from the principles of jurisprudential schools of thought
Weighing the different scholarly opinions on jurisprudential matters where there is disagreement.

Course outputs :

Knowledge and understanding:
1- To clarify the jurisprudential rulings on contemporary issues in the fiqh of transactions.
Skills:
1- To portray contemporary jurisprudential issues and events in financial transactions as they truly are.
2. To apply jurisprudential rulings to contemporary issues and new developments in the jurisprudence of transactions.
3. To derive Islamic legal rulings on contemporary issues and cases in the jurisprudence of financial transactions.
4. To link the study of contemporary jurisprudential issues with the objectives of Sharia in the jurisprudence of transactions.
5. To discuss jurisprudential opinions and their evidence in controversial issues of transaction jurisprudence.
Values, autonomy and responsibility:
1- Demonstrate Islamic principles and values in jurisprudential disagreement and dialog with others.
2- Practicing and managing teamwork efficiently and effectively.
3- Utilize technical, mathematical and numerical skills in jurisprudential matters and scientific research.

Additional information:

Course Topics:
Principles of Financial Transactions.
E-contracts.
Moral rights.
Insurance contracts.
– Financial derivatives.
– Bank and commercial cards, their types, and regulations.
Compound contracts.
– Provisions of banknotes.
– Laws of Negotiable Instruments (Checks - Promissory Notes - Bills of Exchange).
Securities Law (Stocks and Bonds).
– Provisions for real estate developers.
– Investment and participatory financing.
Timeshare companies.
Build-Operate-Transfer (BOT) contracts
Concession contracts.
– Contemporary applications of lease agreements.
– Contracting contracts.
Supply contracts.
Maintenance contract.
Bank restriction.
Important note: The course instructor will select at least 12 cases to teach from the mentioned cases, and may also select other emerging cases. The mentioned cases are for illustrative purposes only and not exhaustive.

Last updated: 2026-06-03