Documente Academic
Documente Profesional
Documente Cultură
Required:
1. Wahbah Zuhaili, Financial Transactions in Islamic
Jurisprudence, (original book: Fiqh al-Islam wa
Adillatuhu) translated into English by Mahmoud A. El-
Gamal, vols. 1-2, Damascus: Dar al-Fikr al-Mouaser,
2003
2. Muhammad Yusuf Saleem, An introduction to the
Theoretical Foundations of Islamic Transactions,
Kuala Lumpur: Ilmiah Publisher, 2009
3. Saiful Azhar Rosly, Critical issues on Islamic Banking
and Financial Markets, Kuala Lumpur: Dinamas, 2008
7 References
4. Muhammad Ayub, Understanding Islamic Finance,
England: John Wiley & Sons, Ltd, 2007
Recommended:
1. Mohammed Hashim Kamali, Principles of Islamic
Jurisprudence, Kuala Lumpur: Ilmiah Publisher, 2007
2. Mohammad Hashim Kamali, Maqasid al-Shari’ah Made
Simple, London: IIIT, 2008
3. Monzer Kahf, Maqasid al Shari’ah in the Prohibition of
Riba and their Implications for Modern Islamic Finance,
IIUM international conference on Maqashid al-Shariah,
2006
4. Mohammad Daud Bakar, Contracts in Islamic
Commercial and Their Application in Modern Islamic
Financial System, Kuala Lumpur: IIUM
5. Essia Ries Ahmed, Factors Influencing the
Involvement in Shubuhat Activities: The Case of
Shari‘ah-Complaint Companies in Bursa Malaysia,
International Conference on Islamic Banking &
Finance, 2010
6. Siddiq Mohammad al-Ameen al-Dhareer, Al-Gharar in
Contracts and Its Effect in Contemporary Transaction,
Eminent Scholar’s Lecture Series no. 16, Jeddah: IDB-IRTI
7. Md. Abdul Awwal Sarker, Islamic Business Contracts,
Agency Problem And The Theory Of The Islamic Firm,
International Journal Of Islamic Financial Services Vol. 1
No.2
8. Boualem Benjilal, The Ja’ala Contract and Its Applicability
to the Mining Sector, Discusion Paper no.14, Jeddah: IDB
& IRTI, 2004
9. Beebee Salma Sairally, Murabahah Financing: Some
Controversial Issues, Review of Islamic Economics, No. 12,
2002, pp. 73-86
10. Soemitra, M.A. Andri, Bank dan Lembaga Keuangan
Syariah, Jakarta: Kencana, 2009.
Instructional
Week Topics Indicators Strategies
1,2 Introduction to Disciplines (aqidah, akhlaq and al-fiqh) Provide the study
Shariah The relationship between Shariah, al-fiqh and plan, the study
Economics method, the
Enable some methods to approach Fiqh literatures and the
Muammalah (i.e.: using details usul al-fiqh, activities along the
fiqh legal maxims and maqasid al-shariah) semester
Class Lectures and
case studies
3 Riba Definition and Type Class Lectures,
Debt Riba: Qard and Jahiliyah discussion and case
Trade Riba: Nasiah and Fadl studies
4 Option (Khiyarat) Basis for options and their types Class Lectures,
Khiyar al-majlis, khiyar al-shart, khiyar al-ayb, discussion and case
khiyar al-ru’yah and khiyar al-ta’yin studies
Termination of ‘Aqd
(hint: relevance of the theory in the current type
of transaction)
6 Negative Avoiding Riba, gharar, shubuhat, maisir and Class Lectures,
Elements in games of chance discussion, case
transactions studies and
simulation
‘Iwad and Lawful Definition, constituent elements & conditions
profits in Islam
Week 7: 1st competence exam
8 Sale Contract Definition, constituent elements & conditions Class Lectures,
Invalid and defective sales discussion, case
Bai’ al’urbun studies and
simulation
Bai’ al-dayn
Bai’ al-inah
Types of sale
Bargain sale (buyu’ al-musawwamah)
Trust sale (buyu’ al-amanah)
Murabahah, tawliyah and wadhiah sales
Bai’ bithaman aajil (BBA)
Deferred Delivery sale (salam)
Manufacturing sale (istisna)
Currency exchange (sarf)
9-11 Other Contracts The Lease contract (ijarah) Class Lectures,
Definition, constituent elements and discussion, case
conditions studies and
The classification of ijarah simulation
Hire of property (ijarah al-‘ayn)
Labor, employment and service (ijarah al
shakhs)
I’arah
Ji’alah
Contract of Agency (wakalah)
Definition, constituent elements and
conditions
Wakalah fi al-bai’
Wakalah fi al-shira’
Deposit (wadhi’ah)
Definition, constituent elements and
conditions
Loan (Qardh)
Definition, constituent elements and
conditions
1. A class will be managed by class leader, consists of a class leader and its deputy. They
are selected democratically according to class members’ aggrement. The class leaders
will get additional appreciation in terms of marks for respectively 10% and 7.5% out of
normal marking arrangement above. Practically, they are responsible for several tasks:
a. Ensuring class attendance and venue
b. Ensuring class assignment timely collected
c. Intermediating communicating between lecturer and students
d. Assisting other related tasks concerning class if deemed necessary
2. Students are allowed to join class for tolerated maximum 10 minutes for late attendance,
otherwise are forbidden entering class
3. Students who are absence due to getting sick and organizational activities must inform the
lecturer and class leader 2 hours prior the class starts.
4. Late assignment submission will not be entertained and accepted
5. Students who were absence for three consequtive weeks or accumulately has 3 unclear
absence, are not allowed to join class for the entire semester .
6. Test examination and assignment results will be openly announced
7. Students who got D and E on his final marks, must repeat the course on the next academic
year
8. Cheating and any dishonest conduct will lead to dismissal
9. Students are required to actively visit BI research corner at least once a week. The visits
will imply to additional 5% mark in the end of semester. A visit must get stamp from the
library staff.
10. Grading System: