030312221 FEQH OF TRANSACTIONS  ( 3 Crd.Hrs )

Pre-Requisites : 030311210

This course deals with the following topics: 1. Sale in terms of definition, legality, structure, conditions and options. 2. Usury (Riba) in terms of definition, opinion of Sharia law, types, and funds in which usury provisions are applicable, banking and its conditions, and Sharia law's opinion. 3. Al- Salam (deferred sale of agricultural products whilst price is being paid in full in advance), and Al Istisna'a (deferred sale of industry products with or without advanced full/partial payment) in terms of definition, conditions and structure, 4. Pawn in terms of its definition, legality, and conditions.