Where can one find comprehensive education on halal banks, stocks, mutual funds, and other aspects of Islamic finance, and are there institutions, courses, or online organizations that provide this education?
One can learn the rulings on financial transactions such as banks, stocks, and investment funds by asking scholars, by studying jurisprudence and reading specialized books and research, or by attending relevant academic courses. Suggested books include: "Fiqh of Modern Transactions" by Abdul Wahhab Abu Sulayman, "Fiqh of Sales and Documentation" and "Islamic Economics" by Ali Al-Salus, "Encyclopedia of Fatwas on Financial Transactions for Islamic Banks and Financial Institutions," " Standards" by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), "Riba and Banking Transactions" by Omar Al-Mutraq, "Investment Services in Banks and Their Rulings in Islamic Jurisprudence" and "An Introduction to Financial Transactions and Some Contemporary Applications" by Yusuf Al-Shubaili. Suggested academic courses include: The Contemporary Financial Transactions Jurisprudence Course by Saad Al-Khathlan, The Financial Transactions Jurisprudence Course by Abdulsalam Al-Shuwai'ir, and The Contemporary Financial Transactions Course by Khalid Al-Mushaiqih.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
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- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
- Read the full ruling
- Read the full answer on Ftawy