NAVIGATE MODERN MONEY MATTERS WITH CONFIDENCE: STUDY THE BOOK OTTOMAN CALIPHS RELIED UPON (+ GET IJAZAH CERTIFICATION)
A leading Islamic finance Mufti combines traditional teaching with cutting-edge insights from world-leading practitioners.Enroll in Course
DOES ANY OF THIS SOUND FAMILIAR TO YOU?
- You’ve spent countless hours, months or years trying to find an Islamic finance course that actually combines the traditional Islamic text with the cutting edge practical applications, but, had little luck.
- You've studied with some Islamic scholars but feel that they might be missing part of the picture because they don't get the commercial reality.
- You've worked with some Islamic finance practitioners but feel like they don't fully grasp the Islamic texts on which their work is actually based.
- You want to understand the Islamic way of conducting business transactions.
- You're busy but you want to be investing in yourself regularly learning about an industry that is worth trillions.
- You are a businessman or work in business or bank but you have this nagging worry that you don't have any Islamic grounding in Islamic financial law and what is actually haram and halal.
- You want to become part of an Islamic finance community of like-minded people.
Please note that this course is now open for enrolment of 40 more students and will be closing at the end of November 2020. The first batch was limited to 100 places and those were filled within days in June 2020. After this month, we will next open for enrolment in summer 2021.
Every Weekly Class is a Live Discussion & A Genuine Journey of Discovery. Financial Fiqh Like You Have Never Experienced Before.
THIS THOROUGH 2-YEAR ISLAMIC FINANCE COURSE WILL GET YOU WHERE YOU NEED TO BE
Fully AAOIFI CPD-certified
- Every Muslim that interacts with modern financial products/practices such as bank accounts, insurance, pensions, drop-shipping, online selling etc. will finally know where she stands from an Islamic perspective and navigate her path between the halal and haram.
- Every Islamic Finance professional will walk away from this course with not just a firm grounding in the fiqh of transactions from A to Z, but you will also learn to apply Islamic law to novel situations and really get why Islamic transactions are structured the way they are. You walk away with an ijazah (traditional certificate) in a celebrated book - something that will always mark you apart in job applications.
- Every corporate professional working in finance, consultancy, banking, wealth management, and related industries - most courses don't understand your reality. This one will and what is more - we will have contributions from experts from your backgrounds. You will walk away knowing what Islam has to say about M&A, private equity, insurance broking and pretty much all mainstream and niche areas that the city has to offer. You can also progress in your career by really knowing what you are talking about when it comes to Islamic finance.
- Every Islamic Finance student will gain access to a galaxy of expert practitioner perspectives and traditional Islamic law experts - something you just would not get in a regular university course. You'll walk away with a strong network and community you would not otherwise have.
- Every businessman and trader will know the halal and haram of the money matters in their life. No need to constantly worry that you work in a complicated area that no mufti will truly understand. Now you will be equipped to make decisions yourself.
A LEADING MUFTI
Mufti Faraz Adam is the premier Islamic finance mufti in the UK right now.
He holds strong traditional credentials with a six-year Alimiyyah degree at Darul Uloom Leicester, UK and a 2-year Iftaa specialisation course, where he became a Mufti under the tutelage of the world renowned Mufti Ebrahim Desai.
He also holds a Masters Degree in Islamic Finance, Banking and Management from Newman University and has attained various finance-industry qualifications.
We at IslamicFinanceGuru have worked closely with him on our Fatwa Forum and have found him to be erudite, quick-witted, and deeply knowledgeable of the traditional Islamic sources. You will see that reflect in his answers on the Fatwa Forum too.
Mufti Faraz advises leading Islamic neobanks (Rizq), roboadvisors (WahedInvest), SME finance platforms (Qardus), property and land crowdfunding platforms (IntroCrowd), financial advisors (Simply Ethical) and many others.
This variety of experience puts him in a truly unique position of seeing the cutting-edge of Islamic financial progress daily.
An experienced teacher, in this course, he distils down all his experience for you.
And its not just us saying that either. Every one of his students we have heard from gives glowing accounts. Here's just one:
"And who else than Mufti Faraz to teach such a manual, mingling intelligently classical and contemporary evidence, with acute examples of transactions taken from his ground work among the industry experts." Anass PATEL – Co-founder of Conexcap Finance (Paris)
WE ARE A WELL-KNOWN AND TRUSTED VOICE ON ISLAMIC FINANCE
The course will be moderated by Ibrahim and Mohsin at IslamicFinanceGuru - a well-known and trusted voice in Islamic Finance, relied on by over 50,000 people every month.
Ibrahim and Mohsin are both Oxford grads and ex-corporate lawyers at leading international law firms. Ibrahim is also an Alimiyyah graduate and holds an MA in Islamic Banking & Finance.
This course literally came about as we personally wanted to take our Islamic finance knowledge to the next level. The whole thing will be laser-focused on being practical - not just academic. We will be the voice of the businessman, corporate professional and Islamic finance student in the class.
Our role will be to provide a commercial and legal perspective and tease out the practical issues with Mufti Faraz live in the class.
We have been honoured to be named as the Forbes 30 under 30 for finance. We have been quoted and interviewed in the Financial Times, Techcrunch, Sifted, Islam Channel and many others.
We also genuinely care about our mission and our audience. Here are 75+ ⭐⭐⭐⭐⭐ reviews on Trustpilot from people we have helped over the years.
We want to give a truly classroom and community feel to this course. Therefore we limited this course to 100 students initially. Now that they have successfully settled into a pattern, we are now onboarding 40 more students.
The course will be available for purchase until 30 November 2020, or whenever 40 students have registered. Registration for the course will then be closed until summer 2021.
HERE ARE SOME OF THE WORLD-LEADING PRACTITIONERS CONTRIBUTING TO THIS COURSE
- Mohammed Paracha - Partner at Norton Rose Fulbright LLP (Head of Islamic Finance, Middle East & Africa) & Co-founder of Nester.com. Mohammed is a world-leading expert in Islamic financial law and has recently been chosen by The Dubai Ministry of Finance, the Dubai Islamic Economic Development Corporation and the Islamic Development Bank to lead their initiative to built a unified global legislative framework for Islamic Finance.
- Sultan Choudhury - former CEO of Al Rayan Bank plc. Sultan was among the founders of the UK’s oldest and largest Islamic bank (Al Rayan Bank) and grew it to a book size of over £6bn as CEO. He is now heading up The One Trust, a waqf project to help the UK Muslim community develop a sustainable endowment to fund charitable activities, and a number of other Islamic fintech projects.
"I had the privilege to participate to the full first year of the Majallah al Ahkam al 'Adliyyah course taught by Mufti Faraz Adam. Being part of the financial industry for nearly 22 years with half of it in Islamic Finance, I can testify that this is a world-unique executive education option. This weekly online class is in my opinion the most relevant alternative available in the market for at least three good reasons: the book, the teacher and his fact-based example and experience."
"Mufti Faraz is also thought-provoking, questioning long prevailing ideas among the Islamic Finance community."
Anass PATEL – Co-founder of Conexcap Finance (Paris)
THE BOOK YOU WILL BE STUDYING
The Majallah is the first and leading effort to codify Islamic finance law into a state's law. It dates from the late Ottoman period and was the law of the land for many Muslim countries for around a hundred years.
The Majallah is true to traditional sources and is mainly Hanafi in flavour, but it is also super practical. It has to be - it was designed to be a living legal code.
WHAT YOU CAN EXPECT FROM THIS COURSE
We've designed this course to be a complete tool for you to go from zero to having really strong working knowledge of all of the key areas of Islamic financial law.
But the way we do this is by making sure each lesson has the theory together with real-life practical examples.
We also have live projects where students come together to design their own Islamic finance products under the tutelage of Mufti Faraz and the commercial input from the IFG team.
We will also be arranging student-led debates on key contentious topics in Islamic finance during the course of the year in order for students to consolidate their learning and critically examine the arguments.
On the theory we cover:
- Sales - 25 lessons
- Lease - 20 lessons
- Guarantee - 3 lessons
- Debt Transfer - 2 lessons
- Collateral - 2 lessons
- Collateral & Pledge - 3 lessons
- Gifting - 3 lessons
- Appropriation & Harm - 3 lessons
- Principles of duress - 2 lessons
- Partnerships and joint ventures - 25 lessons
- Agency - 5 lessons
- Copyright, patents, trademarks and intangible assets
- Virtual trading sessions
- Day-trading of shares
- Sharia stock screening
- Plain and binary options
- Forwards and futures contracts
- ETC gold-trading
- Commodity murabaha
- Wills & Bequests
- Raffles and lottery
- Car finance
- Virtual space leasing
- Web hosting and domain hosting
- Working in the corporate financial sector
- Zero-hour contracts
- Breakdown cover
- Student Loans
- Credit Cards
- Cashback schmes
- Preference Shares
- Modern company structures
- Venture Capital Trusts and revenue-sharing schemes
- Fund managers and roboadvisors
- and much much more
"I have had the pleasure of attending Mufti Faraz's lectures for approximately one year. He is an excellent teacher. I have immensely benefitted from his knowledge and expertise in Classical Islamic Law, Islamic Finance/Banking and Finance. His innovative approach and in-depth grasp of contemporary issues have contributed to an overall fantastic learning experience."
Abdur Rehman Nisar, student at Darul Uloom Karachi, Pakistan
StartLesson 1: Introduction - Fiqh, Maqasid, Philosophy of Mu'amalat (131:23)
StartLesson 2: Understanding Property, Currency & Crypto-assets (112:21)
StartLesson 3: Services, Rights, Debts and Shared Ownership (121:09)
StartLesson 4: Offer and Acceptance, Trading sessions (119:48)
StartLesson 5: Trading sessions, Terms and Conditions and Unfair terms (120:11)
StartLesson 6: Legal Contract, Revocation & Sale Items (122:15)
StartLesson 7: Sale items, Benchmarks and Quantities (123:10)
StartLesson 8: Payment, Price Fundamentals (106:03)
StartLesson 9: Credit Sales, Possession, Intraday Trading & Dropshipping (106:00)
StartLesson 10: Shariah Screening of Shares, Possession & Delivery (125:16)
StartLesson 11: Day Trading, Price Changes & Delivery (88:03)
StartLesson 12: Withholding sale item, Delivery and estate administration (120:54)
StartLesson 13: Q&A with Mohammed Paracha (113:35)
StartLesson 14: Islamic Wills, Estates and Pre-sale Possession (130:28)
StartLesson 15: Khiyar and Conventional Options (132:01)
StartLesson 16: Faulty Goods Option, Islamic Structured Options (135:45)
StartLesson 17: Deception Option, Binary Options & Key Islamic Finance Institutions (123:20)
StartLesson 18: Salam, Salam in Islamic Banks, Forwards and Futures (127:27)
StartLesson 19: Istisna, Parallel Istisna, Islamic Project Financing (119:32)
StartLesson 20: BONUS - Sukuk Masterclass - Hondamir Nusratkhujaev (125:38)
StartCurrency exchange & Forex
StartBONUS - Introduction to Islamic Finance - Mohammed Paracha (10:18)
StartBONUS - Asset Murabaha Case Study - Mohammed Paracha (10:06)
StartBONUS - Commodity Murabaha - Mohammed Paracha (16:49)
StartBONUS - Ijara Case Study - Mohammed Paracha (18:28)
StartBONUS - Istisna'a - Mohammed Paracha (6:58)
"Alhamdulillah, having read through parts of the text during my earlier studies, I can say that Mufti’s approach and teaching methodology is something different. His dynamic application to contemporary examples makes the text more relevant and evidently contextualised. This contextualised experience during the course has given me better insight in my work and review of Shari’ah issues and the application thereof in Islamic Finance as practised today."
- Ziyaat Isaacs, Managing Director, I Consult Africa, South Africa
WHAT THIS COURSE IS NOT
- A short-term, smash-and-grab-a-qualification course. This course is for people who really want to get to grips with Islamic finance, not just tick a box. We want people to think this way as that is how progress is born.
- Just a theoretical discussion. If you want just theory, there are lots of academic courses at universities or madrassahs that will teach you that. This is a practical course designed to show how the real world contains living examples of what we are studying in each class.
WHY ARE WE DOING THIS?
At IslamicFinanceGuru, we think it is really important that our community has knowledge on Islamic personal finance. But that knowledge needs a blend of the traditional and the modern and needs to be delivered in a live and interactive way.
We designed this course for ourselves and asked Mufti Faraz to teach us. When he agreed, we realised that many others will be in a similar position to us and should be able to benefit from this course.
WHO THIS COURSE IS FOR
If any of these sound like you, we believe this course is for you:
- You run a business or have complex financial affairs that you'd like to know the Islamic position on yourself rather than asking every time.
- You work in Islamic finance and want to bridge that gap between the commercial and Islamic.
- You are studying Islamic finance but have no networks in this field and would like to deepen your practical experience of Islamic finance.
- You are an Islamic scholar or madrassah student and want to hear the mainstream and practitioner views on traditional Islamic fiqh positions.
- You work in a corporate job (e.g. accountancy, law, consultancy, banking etc) but are not sure how to navigate this job in light of your religion. You could really do with a strong working knowledge of Islamic finance.
WHY IS THIS COURSE FEE WORTH IT?
- Every week you will get exclusive access to a private class led by Mufti Faraz with guest appearances from leading figures in Islamic law, accounting, central banking, insurance, regulation, and commercial law. Given that the majority of these people would charge £100s per hour for their time, at £60 a month, you will get incredible value. The ability to interact with and pose questions to this galaxy of experts is something companies pay thousands of pounds for.
- Like a university degree, the knowledge you gain from this course lasts you a lifetime - and you walk away with an ijazah. But unlike a university degree: a) this course is not £9k, and b) it is extremely focused and will have a direct impact on your life that you can translate into action as soon as you finish it. So if you go away from the course and walk into an Islamic finance job, that’s real money that you can bank, due, in part, to the skills you will take from this course. If you use the course knowledge to come up with an innovative new Islamic fintech - that is tangible value-add.
- Buying books to learn the basics of Islamic finance would alone cost you a few hundred pounds. And of course books do not replicate proper in-person teaching. The course material for this course by the way, will be offered for free.
- Getting regular access to the experts who will provide their insights on this course is not something most people can easily do. The networks and open doors that come from participation in this community are worth far more than the price of the two-year course.
As an investment in yourself – it doesn’t get much better value than this.
We'll see you on the other side!
Frequently Asked Questions
Please note that this course is now open for enrolment of 40 more students and will be closing at the end of November 2020. The first batch was limited to 100 places and those were filled within days in June 2020. We will next open for enrolment in summer 2021.