“O those who believe, fear Allah and give up what still remains of the riba if you are believers. But if you do not, then listen to the declaration of war from Allah and His Messenger. And if you repent, yours is your principal. Neither you wrong, nor be wronged.” (Al-Baqarah 2:278-279)
Financial transactions, in our Digital Age, are more complicated than ever. The line between halal financial matters and ones that are haram continues to blur on a daily basis. It is difficult to understand our current monetary system, which is often rife with riba. As a result, there are many myths that abound and make it increasingly difficult for Muslims to make halal financial decisions.
Did you know that all of your financial decisions are affected by our current monetary system? Or that banks use clever tactics to lure you in with loans that will tangle up your financial future in a web of riba?
To help make sense of the madness, Ilm Institute presents, “Money Myth” by Sr. Hamida Mubasshera to unravel the myths surrounding our current monetary system once and for all. This course will cover everything you need to achieve financial bliss. Insha’Allah
You Will Learn:
- How our current monetary system affects our daily financial decisions
- Reasons why the cost of living keeps going up and up
- How eliminating interest can help fight inflation
- Whether or not riba is an effect of inflation
- Why banks entice customers with loans
- How to manage debt
- & so much more!
Course Curriculum
| Module 1 | |||
| Introduction | 00:10:00 | ||
| Types of Money | 00:12:00 | ||
| Evolution of the Current Monetary System I | 00:18:00 | ||
| Evolution of the Current Monetary System II | 00:18:00 | ||
| Evolution of the Current Monetary System III | 00:10:00 | ||
| Evolution of the Current Monetary System IV | 00:11:00 | ||
| Evolution of the Current Monetary System V | 00:12:00 | ||
| Snapshot of the Evolution of the Current Monetary System | 00:08:00 | ||
| Module 2 | |||
| History of Current Monetary System | 00:13:00 | ||
| How Bank Creates Money in the Current System | 00:17:00 | ||
| How Much Money is Created | 00:20:00 | ||
| The Role of Central Bank | 00:14:00 | ||
| Quantitative Easing and Liquidity Trap | 00:15:00 | ||
| Module 3 | |||
| Characteristics of Current Money | 00:12:00 | ||
| Characteristics of Credit Money | 00:06:00 | ||
| Default in the Current System | 00:22:00 | ||
| Current Money-Misallocated at Source | 00:18:00 | ||
| Module 4 | |||
| Endemic Inflation-Our Regular Companion | 00:19:00 | ||
| Impact of Inflation on Our Daily Life | 00:14:00 | ||
| Impact of Systematic Default on Our Daily Life | 00:08:00 | ||
| Impact of Debt Culture on Our Daily Life | 00:14:00 | ||
| Impact of Growth Imperative of Our Daily Life | 00:09:00 | ||
| Behavioural Impact of the Current Monetary System I | 00:10:00 | ||
| Behavioural Impact of the Current Monetary System II | 00:16:00 | ||
| Concluding Remark | 00:04:00 | ||
| Final Exam | |||
| Final Exam | 00:30:00 | ||
Kudos!
I am very glad to have finished this course’ money myth’ the Sister that handled it was very good and moderate in-her explanation . Jazakumu Llahu khairan to the organizers of this empowerment course. Thank you.
Money Myth
It is amazing all the things one doesn’t know about money, because nobody is talking about it. After taking this free course, I dove right in and am taking Sister Hamida Mubashera’s Debt course. Worth its weight in gold.
Alhamdulillah
Alhamdulillah. Learned a very important thing about what was unknown to me.
Jazakallahu khairan
thoughts on Money
I am so grateful to Allah that He allowed me to come across such a wonderful platform, Alhamdulillah !
This course not only tells us about the myths surrounding money, but also makes us realize that we should work more on our Knowledge of Economy as a Muslim(individual and team). My humble request to the people who will be taking up the course is that it is very necessary to build a healthy attitude towards Money, and we should be working towards the same.
May Allah grant this institution barakhah and may He guide us All, Ameen
Jazakallah Khair.
No regrets
Alhamdulillah That I took this course… Jazakumllahu khairan for this wonderful course. It worth doing and I am so grateful to be part of this opportunity.
Jazakumllahu khairan.
Money myth is a worthy course to take.
ALHAMDULILLAH
It’s so amazing and enticing, may ALLaah reward both the organisers and the instructor of the course
Money Myth! Shukran Alhamdulillah!
Shukran Alhamdulillah! My dearest sister in deen, my instructor may Allah reward you and grant you more strength and wisdom to continue imparting this wealth of knowledge to all the corners of the world and may Allah grant you good in this world and highest stage in Jannah
Alhamdulillah
A great course to know the reality of monetary system. A lot of knowledge acquired. Alhamdulillah……
Very interesting and Educative Course.
Al'hamdilillah! It is very organized video material to curb some misundestanding/misbelief regarding money.
I have been grasped a lot of essential critical concepts to unblur/clarify the line which dictates the conceptual boundary of Halal and Haram from monetary point of view in Islam.
So, I THANK! all of ILM institute staff for your great effort to expand useful knowledge. Especially, I’m very thankful for instructor Sr. Hamida to realize this essential course in such difficult situation.
Jezaakum’llah khyran all of you!
Alhamdullillaahi Rabbil’alameen! Finally, I’ve come to the end of this course. It instilled a great impact on my view towards the monetary system and how central banks mostly operate. I thank you abundantly madam Mubashira for providing such a wonderful lecture for free. May Allah reward you. Jazaakummullaahu Khairan!
Excellent Money Myth Course.
Excellent Myth Course about money for commercial thinking and thought development.
Great content, I learned a lot about money
MONEY MYTH
A very informative course
ALHAMDULILLAH
May Allah (S W A) bless and protect the instructor. this course (Money MYTH) Had changed my approach toward money. Thanks a lot.
Alhamdulillah the content was benefial to me. May Bless this institution
Alhamdulillah the content was beneficial to me. May Bless this institution
Very good
Really very good
APPLICIATION FOR GOOD EDUCATION I DID IN THIS COURSE
Assalam alaykum warahmatu llah wabarakaatuh
Am Hassan Saidi from Malawi, I recommend anyone who want to take this course must proceed with such Idea because, this course is teaching us powerful money control and how banks works even in a market places.
I ask Allah to grant Janna our instractor and All staffs who put much effort to introduce this program in IOU.
Wasalam alaykum warahmatu llah wabarakaatuh