Ustadh Safaruk Chowdhury obtained a BA in Philosophy from King’s College London, a diploma in Arabic from Al-Azhar, Cairo, a distinction in his MA in Greek Logic and Qur’anic Arguments and a PhD in Sufism, both from SOAS.A former lecturer at Birkbeck and SOAS, Ustadh Chowdhury has taught extensively on the theory of knowledge, theology and world religions.
He will be covering a selection of subject areas including the Principles of the Islamic Economic System and the Importance of Fiqh.
– To introduce students to major sale contracts within Shariah used as finance instruments
– To outline what is meant by Islamic Finance
– To outline the ethics, rules and regulations regarding UK and international Shariah finance as a discipline
Week 1: 8th October
– Importance of fiqh and learning the integrals of every action
– Principles of the Islamic economic system
– What is Islamic Finance?
– Key aims, areas and principles
Week 2: 15th October
– Contracts in Islam – pillars and conditions
– Key sales Contracts in islam related to the contractual parties, object of sale etc.
– Ethics of trade and business
Week 3: 22nd October
– Key contracts – insurance, warranties, forez trading, options, future trading
Week 4: 29th October
– Home purchase schemes (mortgages)
Week 5: 5th November
– The Summary & General Q&A
The textbook can be purchased prior to the course: Introducing Islamic Financial Transactions: Outlining Contemporary Shariah Compliant Personal Finance Products. There are no written exams or mandatory assessments.