Course : The Real Deal
Venue : The University of Witwatersrand , Parktown
Date : 17th and 18th July 2010
Register online or call : 082 740 8021
“And Allah has permitted trade, but forbidden riba” [AlBaqarah: 275]
One of the most difficult and confusing issues to Muslims now a days are the matters pertaining to the rulings of buying and selling. With trade and commerce having expanded with such rapid force, many are searching for what Islam has to say about it all. Of recent, a surge in global Islamic finance and the renewed interest in Shariah business law – requires us to understand the basic principles upon which Islam bases its ruling.
In this course, you will be introduced to:
The fiqh of Commerce in Shariah
Transactions and their classifications
Forbidden contracts and their understanding
The correct understanding and application of Riba
Understand heylah and how to detect it
Understand how the element of uncertainity may affect the validity of a transaction
Principles of halal investment
Manners of a Muslim businessman
Comparisons between Western commercial law and Shariah business law
Discussion of tens of the most popular modern business transactions – everything from credit cards, road side assistance, pyramind schemes, ebay, unlimited downloads, no deposit lay-bys, cash back policies, modern Islamic mortgages and investments in bonds, stocks and metals, laws on business and intellectual property, franchising..
Discussion of sample contracts from Islamic financial institutions
A preliminary study of how to Islamize large scale economic policies and ensure smooth transition to a riba free economy.