151766100 ISLAMIC FINANCIAL CONTRACTS AND ISLAMIC PRODUCTS ENGINEERING ( 3 Crd.Hrs )

Pre-Requisites : 151766010

This course addresses Islamic contracts, which are the backbone of transactions that are compatible with the provisions and principles of Islamic Sharia, and checks the compatibility with Halal and Haram, permissibility and inadmissibility of the financial transactions that are based upon them. This requires an appropriate understanding of the nature of these contracts in order to achieve compatibility with Islamic standards in commercial transactions, and these contracts are intended to achieve fair and equitable dealing between contracting parties that may participate in a particular transaction within the framework of practical rules and methods that achieve the final goal.