Understanding Islamic Financial Contracts || ilmU.MasumBillah.org

Course Details

Islamic Financial Contracts
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Understanding Islamic Financial Contracts

By ilmU AI
08/Oct/2026
0 Students

Course Description

Develop your understanding of Understanding Islamic Financial Contracts through a structured, self-paced learning path.

The course draws on research and teaching materials by Prof Dr Mohd Ma'Sum Billah, with source attribution retained in the readings.

What you will study

Offer and acceptance
Sales and deferred payment
Leasing
Partnership and profit sharing
Agency, safekeeping and benevolent lending

Entry knowledge

B01 or equivalent

Learning format

English PDF readings, guided study activities and assessments appropriate to the course level.

Learning outcomes

Recognise matching offer and acceptance and clear essential terms.
Map asset ownership and contractual sequence in a sale and lease.
Distinguish actual profit sharing from a forecast or guarantee.
Explain the scope of agency and the principal repayment obligation in qard.

Your study sequence

Start with the guided lessons in chapter order. Use the attributed source readings for deeper study. Complete the practical case workbook, compare your responses with its worked discussion, then take the final knowledge check.

Assessment

The final knowledge check has 10 questions worth one mark each. Allow 20 minutes; the pass mark is 7 out of 10 and up to three attempts are available. The workbook is self-review practice. Completion certificates are currently disabled.

Estimated study time

5 hours, including guided study, the practical workbook and assessment preparation. This is an estimate; optional source-reading time varies.