Fiqh Muamalat and Its Application to Banking and Finance

	Topic
1	Overview of Fiqh Muamalat – Principles of Fiqh Muamalat Prohibition of riba Prohibition of gharar – Theories of Fiqh Muamalat Theory of legal capacity (ahliyyah) Theory of property (mal) Theory of ownership (milkiyyah)
	Partnership Contract 1 (Mudarabah) – Definition – Salient Features – Contemporary Application – Case Study: Profit Equalization Reserve (PER) in Islamic Banks
	Partnership Contract 2 (Musharakah) – Definition – Forms of Musharakah – Contemporary Application – Case Study: MAS Perpetual Musharakah Sukuk
	Sale Contract 1 (Murabahah) – Definition – Legality – Contemporary Application – Cases Study
5	Sale Contract II (Bay’ Tawarruq) – Definition – Classical Jurists’ view on Bay Tawarruq – Contemporary Application – Case Study: RHB Islamic Card
6	Ijarah (Leasing) Contract – Contract – Legality – Salient Features – Contemporary Application AITAB (Financing Lease) – Shariah Issue in Ijarah Application – Case Study: Sub-Lease
7	Wakalah Contract – Definition – Legal Evidence – Salient Features – Contemporary Application
8	*Kafalah* – Definition – Legal Evidence – Salient Features – Contemporary Application – Case Study: Letter of Guarantee

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