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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.

< Watch on YouTube >

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...

< YouTube link >

In this video, we talk about Riba (interest/usury) and how to spot it in everyday transactions.

Using a common example of buying a car, we illustrate how one transaction can be done as permissible trade, while another can entail Riba from a loan or money-for-money arrangement. This can be hard to spot if you're not familiar with it, but by the end of this video, you'll be able to recognise Riba confidently, insha'Allah.  

Learn More and Support Our Work!

To learn more about Islamic finance and economy and to support MMM in producing future financial literacy videos like this, consider becoming a member of our Muslim Money Matters platform.

🌐 Join us at www.muslimmoneymatters.com

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In this video, we delve into the Islamic principles that determine the permissibility of commercial transactions. We'll explore the key principles that underpin business and finance matters in Islam.

There are two core principles to establish whether something is impermissible in Islamic financial and commercial matters:

1. Explicit Prohibition: We look for evidence that something is explicitly mentioned as prohibited, such as riba (interest), which is clearly forbidden.
2. Contrary to Sharia Objectives: If an action goes against the aims and objectives of the sharia and has a detrimental impact on society, it becomes impermissible.

Understanding these principles helps ensure that business and financial activities align with Islamic ethical standards.