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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.

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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...

Explore the profound wisdom behind Islamic finance and its fundamental differences from conventional financial systems. This video contrasts the impacts of these two approaches on the economy, emphasizing how Islamic finance fosters real economic growth, while conventional finance often leads to the financialization of the economy.

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In this video, we address the common misconceptions about Riba (interest), which is often mistakenly thought to be solely about exploitation, financial outcomes, or unrelated to modern banking practices. In reality, Riba fundamentally involves any excess in specific transactions. We'll delve into key narrations to clarify these misunderstandings and distinguish between legitimate and illegitimate profit in Islam.

Is Exploitation the Reason for the Prohibition of Riba?

Some argue that riba (interest) is only prohibited because it exploits others, suggesting that small amounts of riba could be acceptable. This mirrors what Christians did: claiming large amounts of riba (which they call usury) are haram due to exploitation, but small amounts (called interest) are halal.

So let's make this clear—whether it's a small or large amount, exploitation or not, all riba is haram. Why? To prevent any possibility of injustice and exploitation. By adding the condition of explo...

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In this video, we explore how Islamic finance works by connecting its activities to the real economy to bring value and benefit to society as a whole.

Unlike conventional finance, which often deals with money-for-money transactions and leads to the financialization of the economy, Islamic finance focuses on tangible assets and real wealth creation.

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