Islamic Financial Law (For-Profit)

IIIBF · 28 November 2023

Greetings and welcome to our in-depth course on Islamic Financial Law (For-Profit), a captivating exploration into the realm of exchange-based commercial contracts rooted in Sharia principles. Throughout this intellectual journey, we will unravel the complexities of various forms of Bai (sale) and significant financial instruments, including Ijara (Leasing), Mudaraba, and Musharaka (partnership).

In our endeavor to comprehend the intricacies of Islamic finance, we will delve into different facets:

Bai in Various Forms:

  • Bai-bithaman-ajil: An exploration of deferred payment sales.
  • Bai-Murabaha: Unveiling the dynamics of cost-plus financing in sales.
  • Bai-Salam: Understanding the nuances of forward delivery sales.
  • Bai-Istisna: Exploring the intricacies of contract manufacturing sales.
  • Bai-Istijrar: Analyzing continuous supply or running contract sales.

Ijara (Leasing):

  • Understanding the principles and applications of leasing within the context of Islamic finance.

Mudaraba and Musharaka (Partnership):

  • Delving into the philosophy of profit-sharing and the dynamics of partnership agreements.

Course Dimensions:

  1. Understanding the Contract and Its Forms:
    • A comprehensive exploration of Bai and other financial instruments.
  2. Exploring General Rules and Conditions of the Contract:
    • Unveiling the foundational principles that govern Islamic financial contracts.
  3. Analyzing the Contracts:
    • In-depth examination of characteristics and conditions.
    • Scrutinizing rights and liabilities of parties involved.
    • Assessing the impact of various conditions and stipulations.
  4. Evaluating Responsibilities and Liabilities in the Contracts:
    • Facilitating discussions on the ethical dimensions of financial transactions.
    • Analyzing the responsibilities and liabilities of parties engaged in the contracts.

Embark on this enlightening journey with us as we navigate the principles, intricacies, and ethical considerations that shape Islamic Financial Law within a For-Profit or commercial context. Join our exploration of a financial landscape rooted in fairness, justice, and ethical conduct.

Course Content

Expand All
Lesson Content
0% Complete 0/2 Steps

About Instructor


7 Courses

Not Enrolled

Course Includes

  • 12 Lessons
  • 23 Topics

Dr. Irfan Syauqi Beik

Member of Board of Commissioner Badan Wakaf Indonesia

Nana Mintarti

Commissioner, National Zakat Foundation (BAZNAS) Indonesia

Dr. Ahmad Juwaini

Director, National Sharia Economy & Finance Committee (KNEKS), Indonesia

Agus Wicaksono

CEO & Co-Founder of Alumnia

Dr. Moutaz Abojeib

Islamic Fintech Expert, ISRA, INCEIF

Dr. Nasim Shah Shirazi

HBK University, Qatar

Dr. Mohammed Obaidullah

Founder, IBF Net

Dr. Hisham Dafterdar

Awakaf Australia

Mufti Faraz Adam

Shariah Consultant & Head of Research, National Zakat Foundation, UK

Azim Kidwai

CEO, Mercy Mission & Chair, BoT, National Zakat Foundation, UK

Vladimir Malenko

General Director
PayZakat, Russian Federation

Zeinoul Abedien

CEO, Awqaf SA, South Africa

Dr. Abd Halim M Noor

Rector, UiTM Melaka Campus, Malaysia

Dr. Aliyu Dahiru Mohammed

Bayero University, Kano, Nigeria

Khalifa Muhamad Ali

Faculty of Islamic Economics
IPB University, Indonesia