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Colleges

Jurisprudence of Contemporary Financial Transactions

Course Description: This course addresses contemporary legal issues arising in financial transactions, exploring how they are conceptualized and how Islamic legal rulings are applied to them in light of Islamic legal principles, with a comparison to their regulatory status.
Credit hours: 3
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.
– Favoring jurisprudential opinions on matters of differing scholarly views, with a comparison to their legal status.

Course outputs :

Knowledge and understanding:
To review jurisprudential approaches to studying contemporary issues.
To explain the jurisprudential rulings on contemporary issues.
Skills:
To accurately portray issues and facts.
2. To apply jurisprudential rulings to contemporary issues.
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.

Additional information:

Course Topics:
Introduction to Types of Banks and Their Functions
Types of banking transactions: Investment and service
Study of the most important banking transactions and their jurisprudential rulings, such as
Investment deposits and demand deposits
Credit cards
Speculation
Rental purchase company
Lease-to-own
Murabaha to the purchase order
Istisna'
Bank transfers
– Bond settlement
– Open a letter of credit
Guarantees
Securities trading (stocks and bonds)
Insurance Rulings
E-commerce
Futures, short selling, options market

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