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This course offers a comprehensive exploration of financial principles and practices from an Islamic perspective. Students will delve into the core concepts of Islamic finance, gaining a deep understanding of its unique features and how they contrast with conventional financial systems. The curriculum is designed to provide both theoretical knowledge and practical insights, making it ideal for anyone interested in ethical and faith-based financial practices.

Topics Covered:

1. Islamic Perspective on Finance
- Overview of Islamic financial principles.
- Comparison with conventional finance.
- Historical development of Islamic finance.

2. Halal and Haram Transactions
- Identifying permissible (halal) and forbidden (haram) financial activities.
- Common pitfalls and how to avoid them in financial dealings.

3. Interest-Free Alternatives
- Understanding riba (interest) and its prohibition.
- Exploring Sharia-compliant financial instruments like Sukuk, Mudarabah, and Musharakah.

4. Charity and Zakat
- The role of charity and social responsibility in Islamic finance.
- Calculation and distribution of Zakat.

5. Principles of Ethical Investing in Islam
- Criteria for Sharia-compliant investments.
- The significance of ethical considerations in financial decision-making.

6. Financial Planning for Muslims
- Strategies for managing personal and business finances in accordance with Islamic principles.
- Long-term financial planning, including retirement and estate planning.

7. Case Studies and Practical Examples
- Real-world applications of Islamic finance principles.
- Analysis of successful Islamic financial institutions and products.

Learning Outcomes:

By the end of this course, students will:
- Understand the fundamental principles of Islamic finance.
- Identify halal and haram financial transactions.
- Explore interest-free alternatives and their applications.
- Comprehend the importance of charity and Zakat in financial planning.
- Develop ethical investment strategies in line with Islamic teachings.
- Apply practical financial planning techniques for both personal and business contexts.

This course is ideal for financial professionals, business owners, and individuals seeking to align their financial practices with Islamic values. Through a combination of lectures, discussions, and case studies, participants will gain valuable insights and practical skills to navigate the world of Islamic finance effectively.

Schedule

Once a week: Saturday, 9.00AM to 10.30AM