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Islamic Law – Trade

Winter 2025 module on the fiqh of trade, taught by Ustadh Ammar Faiz

Islamic Law – Trade

Module Description

This module delves into Sales from the classical Islamic legal text, Mukhtasar al-Quduri, a cornerstone of Hanafi jurisprudence. Holding a special place as one of the most authoritative and concise works of Islamic Law, Mukhtasar al-Quduri systematically outlines practical rulings, making it a fundamental resource for students and scholars alike.

This module focuses on rulings related to Islamic commerce, prohibitions such as Riba (usury), and the conditions for valid transactions. The course also covers specialized contracts, including Murabaha (profit-based sales), Tawliya (profitless sales), and Salam (advance payment sales). Students will gain an appreciation of classical rulings and their application in contemporary financial contexts.

Module Text

The Mukhtasar al-Quduri – A Manual of Islamic Law according to the Hanafi School – Ahmad ibn Muhammad al-Quduri.

Imam Abul Ḥasan Ahmad bin Muḥammad bin Ahmad bin Jaʿfar bin Hamdan al-Faqih al-Quduri (أبو الحسين أحمد بن محمد بن أحمد بن جعفر بن حمدان الفقيه الحنفي القُدُوري) (1037 – 973 AD) was a prominent Ḥanafi scholar and Jurist. He is known as Al-Quduri because he was born in a place called Qudurah which was located on the outskirts of Baghdad. The actual date of his birth is not known. It is reported that he was born in 362 AH (973 AD), More info

To register for the Sacred Study Course or an individual module, you must first become a member. Once you’ve done that, email us at info@fountaininstitute.co.uk.

WeekTopic
Week 1Buying and selling
Week 2Buying and selling
Week 3Prohibited transactions
Week 4Prohibited transactions
Week 5Iqalah (Contract recission)
Week 6Iqalah (Contract recission)
Week 7Murabaha and Tawliya (Profit based/profitless sales)
Week 8Riba (Usury)
Week 9Riba (Usury)
Week 10Salam (Advanced Payment)
Ustadh Ammar Faiz

Ustadh Ammar Faiz

Module Details

All our Saturday classes are available both in person and online. As an institute, we strongly encourage students to attend in person, as the benefits of in-person learning far exceed those of online attendance. The Friday sessions are conducted online via Zoom.

Location

Online Zoom

Date/Time

Starting – 3rd January 2025 for 10 weeks
Fridays –7.30PM to 8.10PM

Module Content

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Please find the course material for this module below.  Students are advised to read the section before the class.

Quduri Fiqh of Trade

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