In this two-part series, Riyadh Ansari presents a detailed lecture on the Islamic economic system.
Economics plays an important role in almost every society, and since every Muslim deals with this aspect in their daily lives, it is necessary to understand the related rules and injunctions. The lecture not only discusses the justice and perfection of the Islamic economic system, but begins with the basics and proceeds to some of the more detailed aspects of transactions and the like.
Why This Is Not a Specialist Subject
Because everyone participates in it, every day. A Muslim with a bank account, a mortgage, a credit card, an insurance policy or a pension is making decisions in this area continuously — usually without having been given any framework for evaluating them.
The result is that a great many practicing Muslims are careful about their food and entirely unexamined about their finances, which is an odd place for the line to fall.
Starting From the Basics
That is the useful decision here. Material on Islamic finance tends to assume either no knowledge and stay at slogans, or considerable knowledge and start at contract structures. Beginning at the foundations and building through to transactions gives a listener something he can actually apply.
Who It Is For
Anyone with financial decisions to make. Business owners, and anyone considering a house purchase — which is the point at which most Muslims first look into this seriously.