“But whoever returns (to Ribaa), such are the dwellers of the Fire — they will abide therein.” [al-Baqarah 2:275]
Money Matters, a course taught by Mr. Mansoor Danish deals with the most debated and discussed topic of our times: the concept of RIBA (interest) in different transactions and its rulings as per Shariah.
What you will learn:
- Understand the prohibited transactions in Islam.
- Learn the concept of RIBA (interest) in Islam.
- Understand the ruling of transactions affecting us in our daily lives e.g., Home Loans, Car Loans, Personal Loans, Credit Cards, Insurance, Interest from Banks etc.
- Enable understanding of permissible alternatives to prohibited transactions.
Unique points of the course:
- A simplistic approach to understanding of Riba and its effects in our daily lives.
- A course designed for every Muslim.
- Know the Riba in your life and how to get rid of the same.
- Lots of short case-lets and case-studies to enhance your knowledge.
Course Curriculum
| Introduction | |||
| Course Objectives | FREE | 00:06:00 | |
| The Money Matter Commences | |||
| Session Objectives | 00:01:00 | ||
| How to benefit from this course | 00:05:00 | ||
| Introduction to Money Matters | 00:04:00 | ||
| No free-lunches in Islam | 00:06:00 | ||
| Allaah gives sufficiency | 00:01:00 | ||
| Money and Accountability | 00:03:00 | ||
| Striving with Wealth Part A | 00:05:00 | ||
| Striving with Wealth Part B | 00:03:00 | ||
| Degree of lawful and unlawful behaviour in Islam | 00:11:00 | ||
| Islamic Principles pertaining to Halal & Haram | 00:07:00 | ||
| Which is a better occupation? | 00:03:00 | ||
| Halal and Haram Earnings | 00:03:00 | ||
| Halal Sectors | 00:03:00 | ||
| Haram Earnings | 00:05:00 | ||
| Conclusion | 00:01:00 | ||
| Session 1 Notes | 00:00:00 | ||
| Islamic Transactions and Riba’ | |||
| Session Objectives | 00:05:00 | ||
| Transactions Permitted in Islam | 00:06:00 | ||
| Prohibited Transactions | 00:05:00 | ||
| Lies & Deception Part A | 00:06:00 | ||
| Lies & Deception Part B | 00:08:00 | ||
| Examples of Lies & Deceptions | 00:04:00 | ||
| Coercive Policies | 00:02:00 | ||
| Riba: Meaning | 00:05:00 | ||
| Riba: Explanations | 00:04:00 | ||
| Categories of People According to Interest-based transaction | 00:10:00 | ||
| Session 2 Notes | 00:00:00 | ||
| The Riba’ Game - 1 | |||
| Session Objectives | 00:05:00 | ||
| Introduction of Riba (contd) | 00:05:00 | ||
| Meaning of Riba – Revisited | 00:04:00 | ||
| Riba in Qur’an | 00:16:00 | ||
| Riba in Hadith Literature | 00:07:00 | ||
| Conclusion | 00:01:00 | ||
| Session 3 Notes | 00:00:00 | ||
| The Riba’ Game - 2 | |||
| Session Objectives | 00:03:00 | ||
| Basic principles derived from Barter Transactions – Riba for Sale on Credit | 00:03:00 | ||
| Basic principles derived from Barter Transactions – Riba on Loan | 00:02:00 | ||
| Two famous forms of Riba | 00:04:00 | ||
| Principles derived from Riba Al Fadl Hadeeth | 00:05:00 | ||
| Summary of Rules under the Hadeeth | 00:07:00 | ||
| More on Riba Al Fadl | 00:02:00 | ||
| Conclusion on Riba texts | 00:05:00 | ||
| Reminder for those who create confusions | 00:10:00 | ||
| Islamic Ruling on Riba | 00:01:00 | ||
| Outcome of War | 00:08:00 | ||
| Effects of Riba on Individual and Society | 00:05:00 | ||
| Ruling on New Muslims under an existing Contract | 00:03:00 | ||
| Conclusion | 00:02:00 | ||
| Session 4 Notes | 00:00:00 | ||
| The Deception - Gambling and Contracts | |||
| Session Objectives | 00:04:00 | ||
| Gharar (Uncertainty) | 00:03:00 | ||
| Islamic Ruling- Gharar transactions | 00:01:00 | ||
| Examples of Gharar | 00:04:00 | ||
| Prohibition of Ghararin Al-Qur’an | 00:01:00 | ||
| Exceptions to the Rule | 00:01:00 | ||
| Gambling (Maysir) | 00:05:00 | ||
| Effects of Gambling on the Society | 00:02:00 | ||
| Types of Gambling | 00:02:00 | ||
| Requirements for a Valid Sales Contract | 00:08:00 | ||
| Transactions affecting us in our daily lives | 00:01:00 | ||
| Home Loans | 00:04:00 | ||
| Personal, Student & Car Loans | 00:02:00 | ||
| Business Loans | 00:04:00 | ||
| Letter of Credit | 00:02:00 | ||
| Insurance | 00:04:00 | ||
| Credit Cards | 00:02:00 | ||
| Interest on Savings/ Fixed Deposit | 00:01:00 | ||
| Investment: Mutual Fund/ Shares | 00:02:00 | ||
| Late fees | 00:01:00 | ||
| Conclusion | 00:01:00 | ||
| Session 5 Notes | 00:00:00 | ||
| The Islamic Alternative | |||
| Session Objectives | 00:02:00 | ||
| Loans and Alternatives | 00:03:00 | ||
| Alternative 1: Interest-free loans | 00:02:00 | ||
| Alternative 2: Murabaha | 00:03:00 | ||
| Why Murabaha & its types | 00:07:00 | ||
| Ijarah | 00:05:00 | ||
| Revisiting the basic conditions for Validity of Sale | 00:01:00 | ||
| Salaam Contracts | 00:10:00 | ||
| Istisnaa Financing | 00:02:00 | ||
| Mudaraba | 00:01:00 | ||
| Musharaka | 00:06:00 | ||
| Takaful | 00:02:00 | ||
| Share Markets | 00:02:00 | ||
| Taxes | 00:03:00 | ||
| Session 6 Notes | 00:00:00 | ||
| Exam | |||
| Final Quiz | 00:20:00 | ||
Course Reviews
55 STUDENTS ENROLLED
Very relevant course
My expectations for taking this course have been met. I have started implementing what I learned from the course in my everyday life. Every Muslim should take this course because it will benefit them in this world and the hereafter. I feel the course will be more beneficial if the notes are shared with us/students. Thank you.
As salaamu alaykum
Thanks a lot for your feedback. We highly appreciate it. We have added the notes. Please check.
Jazak Allah Khayran
—
Hunain Aijaz
Administrator
http://www.ilminstitute.org
Well-structured informative course for everyone
The course explains in simple terms the basics of ethical and unethical financial transactions in light of Quran and Prophetic hadithes. I believe it is beneficial for everyone, Muslims or non-Muslims or Muslim converts, who would like to have a sound idea about Islamic view on various transactions involving buying, selling, depositing, investing, etc. Step by step, the course sheds light on the necessity and possibility to avoid such a destructive phenomenon as Riba.