Applied Shariah in Finance

This module is an extension to the concepts introduced in the Shariah module (Foundation) and expands on the underlying principles that form the basis for financial products and services. The primary focus is on contractual principles and structures in financial transactions - what constitutes Shariah-compliant contracts, their validity and elements, intended facilities and economic impact, what would nullify or breach the contracts, and the products' incentives and liability management from the business perspective.