Contemporary Financial Transactions

Core Courses

Scientific meetings and seminars

Doctoral days within the framework of workshops, meetings, and seminars

Training courses related to the field of specialization

Advanced Topics

First: Complex Jurisprudential Issues in Financial Transactions

 Combining Contracts:

1.     Legal regulations, practical applications, and juristic disputes

2.     Examples: Ijārah Muntahiyah bi-Tamlīk (lease-to-own), and structured Murābaḥah

 Organized and Reverse Tawarruq:

3.     Legal classification (takiyīf), areas of scholarly disagreement, and Sharia-compliant alternatives

 Islamic Financial Hedging:

4.     Use of alternative derivatives such as Islamic forward contracts and covered options

 Regulations of Gharar (Uncertainty) in Modern Contracts:

5.     Applications to insurance and derivatives

Second: Fiqh of Financial Institutions and Markets

1. Shariah Boards in Islamic Financial Institutions:

• Their role, independence, and the challenges they face.

1. Shariah Compliance:

• Models, standards, and mechanisms of supervision and control.

1. Fiqh of Financial Markets:

• Rulings on trading, disclosure, market manipulation, and insider trading.

1. Stocks, Bonds, and Sukuk:

• A comparative jurisprudential analysis along with practical applications.

Third: Jurisprudential Issues in the Digital Economy

1. Digital and Cryptocurrency:

• Legal classification (takiyīf), trading, initial coin offerings (ICOs), mining, and related jurisprudential challenges.

1. Smart Contracts:

• Their potential uses and Shariah compliance regulations.

1. Digital Crowdfunding:

• Types of platforms and the rulings related to each model.

1. Non-Fungible Tokens (NFTs):

• Jurisprudential classification and legal treatment.

 Research Methodologies in Contemporary Financial Transactions

There is no single sufficient methodology; researchers often adopt a combination of methods depending on the nature of the topic.

The foundational approaches are:

• The textual-rooted (ta’sīlī) method, and
• The comparative jurisprudential (fiqhī muqāran) method,
• but it is advisable to support them with financial analysis or field-based studies, depending on the research context.

Financial and Economic Methodology

• Studying the economic impact of specific financing models (e.g., Ijārah Muntahiyah bi-Tamlīk – lease-to-own).
• Analyzing financial market behavior and the possibility of regulating it according to Shariah principles.

based approaches, depending on the context.

4. Financial and Economic Methodology

• Studying the economic impact of a particular financing model (e.g., Ijārah Muntahiyah bi-Tamlīk – lease-to-own).
• Analyzing financial market behavior and the extent to which it can be regulated in accordance with Shariah principles.

5. Preparation for Authentic Academic Research

• Preparing the student to produce comparative jurisprudential research based on classical sources, aligned with the objectives of Shariah, and responsive to contemporary issues.
• Encouraging innovative research in areas of financial transactions and Islamic banking.

Keeping Up with Developments and Collective Ijtihad

• Study of the efforts made by Fiqh academies and scientific conferences on contemporary issues.
• Analysis of their resolutions in terms of Sharia foundations, jurisprudential reasoning, and madhhab-based references.

Fourth – Admission Information:

1. Relevance between the Master's specialization and the third-cycle (PhD) program the candidate wishes to pursue.
2. Consistent academic progress during the Master’s level, with no disciplinary sanctions.
3. Content of the remarks provided in the descriptive document attached to the Master’s degree, outlining the acquired knowledge and competencies.