Islamic Financial Law (Nonprofit)

IIIBF · 28 November 2023

Welcome to our comprehensive course on Islamic Financial Law (Not-for-Profit), where we dive into the intricate dimensions of contracts that form the backbone of ethical and Sharia-compliant financial transactions. In this course, we embark on a journey through key contracts such as trusteeship (amanah and wadiyya), debt transfer (hawala), guarantee (kafala), loan (qard), collateral (rahn), and gift (heba).

Our exploration begins with a foundational understanding of contracts and their diverse forms. We will unravel the essence of trusteeship, where trust (amanah) and deposit (wadiyya) play pivotal roles in shaping financial relationships based on ethical principles.

Moving forward, we will navigate the landscape of debt transfer through hawala, a unique mechanism that has been an integral part of Islamic finance for centuries. Guarantee (kafala) will be dissected to understand the obligations and assurances it brings to the contractual table.

The heart of our journey lies in the study of loans (qard) — their formation, intricacies, and the rights and liabilities entwined with borrowing and lending. Collateral (rahn) will be scrutinized as a form of security in financial agreements, providing students with insights into the protective measures inherent in Islamic finance.

Lastly, the course will explore the concept of gift (heba) in financial transactions, emphasizing the importance of generosity and benevolence within the framework of Islamic financial law.

Throughout the course, we will not only aim to comprehend the contracts but also to dissect and analyze them. Students will gain a profound understanding of the general rules and conditions governing these contracts, exploring the principles that underpin their validity and ethical standing.

In our analytical journey, we will examine the characteristics and conditions of contracts, unraveling the rights and liabilities of the parties involved. The impact of various conditions and stipulations in these contracts will be thoroughly scrutinized, providing students with a nuanced perspective on the intricacies of Islamic financial law.

Furthermore, we will delve into the evaluation of responsibilities and liabilities in these contracts. Through in-depth discussions, students will gain insights into the ethical dimensions of financial transactions, fostering a holistic understanding of the roles and obligations of all parties involved.

Join us in this enriching exploration of Islamic Financial Law (Not-for-Profit), where principles, contracts, and ethical considerations converge to shape a financial landscape rooted in fairness, justice, and ethical conduct.

About Instructor


7 Courses

Not Enrolled

Course Includes

  • 6 Lessons
  • 9 Topics
  • 6 Quizzes

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