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ISL322

Al-Mu‘Āmalāt In The Sharī‘Ah

  • Arts
  • 300 level
  • 2 credit units
  • 93 pages
  • 16 units

This course presents the social transaction provisions in the Shariah, using the Qur'an and Apostolic Traditions as primary sources. It explores the background, scope, and requirements of transactions, highlighting their impact on Muslim communities. The course discusses various kinds of social transactions, their operations, and advantages. It also covers Islamic banking as an alternative to conventional banking and examines prohibitions and permissible matters in Islamic social transactions.

About this course

Difficulty
Intermediate
Study hours
90 hours
Maths
Basic
Content
Theoretical
Practical work
No
How it is assessed
  • Assignments
  • Tutor marked assessments
  • Final examination

One paragraph, so you can see how it reads

ISL322 · UNIT 1 BACKGROUND TO AL-MU‘ĀMALĀT IN THE SHARĪ ‘AH

In this unit, you will find all details of the work you must submit to your tutor for marking. The marks you obtain from these assignments will count towards the final mark you obtain for this course. Further information on assignments will be found in the Assignment File itself and later in this Course Guide in the section on assignment.

What you should be able to do

  1. Define key terms related to Muamalat in Shariah.
  2. Analyze the sources and background of Muamalat.
  3. Discuss the guidelines and scope of Muamalat.
  4. Evaluate the operation of Social Transactions.
  5. Understand the role of Muslim countries in implementing Social Transactions.

What it prepares you for

Careers
  • Islamic Banker
  • Shariah Advisor
  • Financial Analyst
  • Islamic Finance Consultant
  • Investment Manager
Where it is applied
  • Banking
  • Finance
  • Insurance
  • Real Estate
  • Investment

Where it gets hard

The units students slow down on, and what makes each one heavy.

  • MODULE 3: ISLAMIC FINANCIAL SERVICES INDUSTRY (IFSI)

    Unit 5: Legal Capacity of Islamic Insurance (takāful) Operation

    The unit requires understanding of complex financial regulations and their application in Islamic law, which can be challenging for students without a strong background in both finance and Islamic jurisprudence.

  • MODULE 2: THE *AL-MU'ĀMALĀT* SOCIAL TRANSACTION PROVISIONS AND THEIR DISPOSITIONS

    Unit 3: Joint and Advance Payment provision in *al-Mu"āmalāt* in the *Sharī"ah*

    This unit involves understanding the nuances of different types of contracts and their specific conditions, requiring careful attention to detail and a solid grasp of Islamic commercial law.

A suggested way through it

Suggested

13 weeks, about 14 hours in total. Yours will differ.

  1. Week 1MODULE 1: CONCEPT AND SCOPE OF *MU'ĀMALĀT* (SOCIAL TRANSACTION PROVISIONS IN THE *SHARΑAH*)
    • Unit 1: Background to al-Mu"amalāt in the Sharī "ah · 1 hour

      Read the introduction to understand the scope of Mu'amalat.. Trace the early and modern history of Social Transactions in Islam.. Examine the practice of Social Transactions in the present day in relation to the early history of Islam..

  2. Week 2MODULE 1: CONCEPT AND SCOPE OF *MU'ĀMALĀT* (SOCIAL TRANSACTION PROVISIONS IN THE *SHARΑAH*)
    • Unit 2: The Law and Nature of *al-Mu'āmalāt* in the *Sharī"ah* · 1 hour

      Define and state the Law of Social Transactions in Islam.. Analyse the kinds and nature of Social Transactions.. Examine the Significance of Social Transactions..

  3. Week 3MODULE 1: CONCEPT AND SCOPE OF *MU'ĀMALĀT* (SOCIAL TRANSACTION PROVISIONS IN THE *SHARΑAH*)
    • Unit 3: Requisites of *al-Mu'āmalāt* in the *Sharī"ah* · 1 hour

      Assess the attitude of the Muslims to Social Transactions in Islam.. Adduce reasons for the minor variations in the implementation of Social Transactions in different Muslim localities.. Pinpoint the central theme of Social Transactions in Islam..

  4. Week 4MODULE 1: CONCEPT AND SCOPE OF *MU'ĀMALĀT* (SOCIAL TRANSACTION PROVISIONS IN THE *SHARΑAH*)
    • Unit 4: Scope of *al-Mu'āmalāt* provisions in the *Sharī "ah* · 1 hour

      State the scope of the Mu"āmalāt provisions.. Analyze the Islamic guidelines on Social Transactions.. Explain the roles of Apostolic Tradition in Social Transactions..

  5. Week 5MODULE 1: CONCEPT AND SCOPE OF *MU'ĀMALĀT* (SOCIAL TRANSACTION PROVISIONS IN THE *SHARΑAH*)
    • Unit 5: Prohibitions and Permissibility in the *al-Mu'āmalāt* provisions in the *Sharī "ah* · 1 hour

      Analyse the underlying philosophy behind the prohibition of certain Social Transactions.. State the various prohibitions and permissible in Social Transactions.. Examine the essentials and the recommended in Social Transactions..

  6. Week 6MODULE 2: THE *AL-MU'ĀMALĀT* SOCIAL TRANSACTION PROVISIONS AND THEIR DISPOSITIONS
    • Unit 1: Subject Matter of *al-Mu"āmalāt* in the *Sharī"ah* · 1 hour

      Discuss the dynamics of usury-free banking.. Explain the operation of the Three Simultaneous and Interconnected Legal Contracts.. Discuss the advantages of Good Loan and Benevolent Loan..

  7. Week 7MODULE 2: THE *AL-MU'ĀMALĀT* SOCIAL TRANSACTION PROVISIONS AND THEIR DISPOSITIONS
    • Unit 2: Company, Professionals" and Credibility *al*Mu"āmalāt provisions in the *Sharī"ah* · 1 hour

      Analyse the nature and the operation of Company social contract in Islam.. Explain how to run Professional social contract in Islam.. Analyze the operation of Credibility social contract..

  8. Week 8MODULE 2: THE *AL-MU'ĀMALĀT* SOCIAL TRANSACTION PROVISIONS AND THEIR DISPOSITIONS
    • Unit 3: Joint and Advance Payment provision in *al-Mu"āmalāt* in the *Sharī"ah* · 1 hour

      Explain the operation of both Credibility and Joint Contract provisions in the Sharī "ah. Analyse the differences and similarities between Credibility and Joint Contract provisions in the Sharī "ah. Discuss the operation of Advance Payment business contract provisions in the Sharī "ah.

  9. Week 9MODULE 2: THE *AL-MU'ĀMALĀT* SOCIAL TRANSACTION PROVISIONS AND THEIR DISPOSITIONS
    • Unit 4: Special *Mu"āmalāt* provision in the *Sharī"ah* · 1 hour

      Analyse the theory of Hire Purchase Contract and its benefits. Explain what is meant by Leasing and Purchase contract and its relief system. Describe how the financial certificates and bonds (Sukuk) in contracts comply with Islamic law.

  10. Week 10MODULE 2: THE *AL-MU'ĀMALĀT* SOCIAL TRANSACTION PROVISIONS AND THEIR DISPOSITIONS
    • Unit 5: Dispositions in *al-Mu'āmalāt* provisions in the *Sharī"ah* · 1 hour

      Give account of the theory of recognition of Selling Price Contract. Discuss Islamic Sale and Exchange Agreement in contra-distinction to the conventional banks. Expatiate upon Deferred Payment Sale as an Islamic social contract.

  11. Week 11MODULE 3: ISLAMIC FINANCIAL SERVICES INDUSTRY (IFSI)
    • Unit 1: Principles of Islamic financial services industry · 1 hour

      Define and explain the Islamic ethics of financial transaction.. Analyse the essential elements in the application of Islamic ethics in financial transactions.. Distinguish a righteous Muslim business person from the evil ones..

  12. Week 12MODULE 3: ISLAMIC FINANCIAL SERVICES INDUSTRY (IFSI)
    • Unit 2: Evolution and Composition of Islamic Financial Services Industry (IFS1) · 1 hour

      Relate the factors that led to the evolution of Islamic Financial Services Industry (IFSI).. Highlight the composition of the Islamic Financial Services Industry.. Expound the initiatives of Muslim scholars and economists on interest-free banking and its advantages..

  13. Week 13MODULE 3: ISLAMIC FINANCIAL SERVICES INDUSTRY (IFSI)
    • Unit 3: Towards Islamic Banking System · 1 hour

      Discuss the attitude of the Muslims to Usury.. Identify the evils of Ribā to individuals, to the economy and the society.. Analyze the process of transformation of Islamic banking..

    • Unit 4: Islamic Insurance (takāful) and Re-insurance (re- takāful) services · 1 hour

      Analyze the conceptual framework of Islamic Insurance (Takāful).. Assess the nature and principles of Islamic Insurance.. Identify the challenges of Islamic Insurance..

Preparing for the exam

What to do
  • Create a glossary of key Arabic terms and their English equivalents.
  • Focus on understanding the differences between permissible and prohibited transactions.
  • Practice applying Shariah principles to real-world financial scenarios.
  • Review the historical background and evolution of Islamic banking.
  • Prepare concise summaries of each unit, highlighting the main concepts and principles.

Questions students ask about this course

What is ISL322 about?

This course presents the social transaction provisions in the Shariah, using the Qur'an and Apostolic Traditions as primary sources. It explores the background, scope, and requirements of transactions, highlighting their impact on Muslim communities. The course discusses various kinds of social transactions, their operations, and advantages. It also covers Islamic banking as an alternative to conventional banking and examines prohibitions and permissible matters in Islamic social transactions.

How many units does ISL322 have?

ISL322, Al-Mu‘Āmalāt In The Sharī‘Ah, has 16 units across 3 modules, over 93 pages of course material. You can read it one unit at a time.

How many credit units is ISL322?

ISL322 carries 2 credit units, at 300 level in Arts.

Is ISL322 hard?

ISL322 is rated intermediate level, with basic mathematical content. It is mostly theoretical work.

How long does ISL322 take to study?

About 90 hours of study, spread across its 16 units.

How is ISL322 assessed?

ISL322 is assessed by assignments, tutor marked assessments and final examination.

What can I do with ISL322?

Islamic Banker, Shariah Advisor, Financial Analyst, Islamic Finance Consultant and Investment Manager.

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