Islamic Finance 101 - Short Course
Welcome to Islamic Finance 101, a course introducing the core principles of Islamic finance, including contracts, transactions and ethical practices.
Watch the course on YouTube via our playlist or through the Muslim Money Matters website.
Episode 1: Introduction to Contracts & Transactions
In this first episode, we cover the fundamentals of Islamic finance, the importance of earning a livelihood, and dive into the Islamic law of contracts and business transactions. You’ll learn about the different types of transactions, ownership categories, and key conditions within contracts that shape ethical financial practices in Islam.
Episode 2: Understanding Wealth and Money
In this episode, we explore wealth and money from an Islamic perspective. Learn why wealth is both a blessing and a trial, the role of money in society, and how to use it in a way that benefits both yourself and others.
Episode 3: Key Prohibitions: Riba and Gharar
In this episode, we introduce the key prohibitions in Islamic finance, focusing on the concepts of Riba (interest) and Gharar (uncertainty).
Episode 4: Partnership Mode of Finance – Musharaka & Mudaraba
In this episode of Islamic Finance 101, we explore the partnership modes of finance. Learn about Musharaka (joint venture) and Mudaraba (investment partnership), how profit and loss are shared, and how these concepts apply to real-world financing, including home financing and business ventures.
Episode 5: Murabaha, Ijarah, Salam & Istisna (Modes of Financing)
In the final episode of the Islamic Finance 101 series, we explore asset-backed financing methods, including leasing (ijarah), murabaha and forward contracts like salam and istisna. Learn how these methods contribute to real economic growth, avoiding the pitfalls of conventional financial systems.
For additional resources, course assessments to test your understanding, and to earn the Islamic Finance 101 certificate, join the Muslim Money Matters platform.
➡️ Join MMM platform at www.muslimmoneymatters.com
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