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They say that ignorance is bliss…Now this might work for some people but as Muslims, this belief can potentially lead to one thing: Epic failure.

In my experience, I have found that one region Muslims remain exceedingly ignorant in is the
area of finance. Whether it is every day transactions, businesses, or buying and selling correctly,
we are an integral part of the thousands of transactions that occur in front of us every day. Yet
more often than not we have no concern and very little awareness on whether or not we may
be falling into haram…A fact that could ruin our Dunya as well as our Akhirah.

Think about the following scenarios, and you may find that many of them relate to you:

  • Wanting a bag of chips, you walk into the store to grab a bag of Doritos. But then a bag of Cheetos with a promotional competition on the bag catches your eye. Is it permissible to buy the Cheetos?
  • You need to purchase some extra minutes on your phone and you find a deal offering $20 worth of calls for only $15…Is this allowed?
  • Your pension plan has just been explained to you, and your employer is willing to offer a 10% contribution if you go for a Final Salary option. Can you move forward with this?
  • Watching some late night television, you hear a commercial saying: “Answer this question correctly and win a cruise to the Caribbean! Just call 1-800-YOU-FOOL at the low rate of 25 cents per minute!” To call or not to call…That is the question.
  • My local Islamic bank is a life saver! They offered me an Islamic loan for five grand! I can finally get my dream car…right?
  • I love that game at the fair where you pay $1 and try to grab a toy with the mechanical claw…But man, I never win! Hold on, is this game even halal?
  • I’m looking into buying a house and my local bank is offering a mortgage at a very good rate, whereas the Islamic bank is not only more expensive, but the contracts look exactly the same! Are they?
  • “I bet I can get home faster than you can!” But hang on; surely it’s haram to say things like “betting”…That’s gambling!
  • If there’s anything safe to invest in, then it must be gold. And guess what? You can actually buy gold online using your PayPal account! Is this allowed?
  • You’ve been protesting but to no avail, the tuition fee increase is here to stay at your University. Thankfully though, a student loan is available which won’t be charging interest, it will just be index linked to inflation rates instead. So that’s allowed isn’t it?
  • Debit cards are all over the place now, but there’s always that one hotel you love to stay at that only accepts credit cards. I really need one! And anyway, I’ll never pay any interest on it ever because I’ll pay the balance monthly! Surely that’s halal?
  • It’s time to organize the Masjid Football Tournament but we have no funds! No problem, we’ll just charge each team a $10 entry fee and the winning team will take home a $100 prize. We’re a Masjid so that must be halal right?


You likely found yourself in one of those situations! The reality is that we are getting involved in countless transactions every moment of our lives. It’s time to understand these issues and answer these questions to ensure that our Akhirah is protected through keeping our finances and transactions halal. This seminar is supported by an expert and a pioneer in promoting the understanding of Islamic legal and financial matters: The First Ethical Charitable Trust.

We will also cover theory and tackle practical, case-based examples on:

New Jersey - Mar 23-25 & Mar 31- Apr 1
TESTIMONIALS

I have yet to take another AlMaghrib course with an instructor the caliber of Yaser Birjas. While all the instructors are great in their own unique way, Yaser Birjas is the type you envision sitting at the feet of in a traditional madrassa. He stressed etiquette and manners of the talib ul ilm first day of class, and taught us how to ask questions properly. That has been one thing that has stuck since then, the manner in how to ask questions, never addressing the instructor as "you said 'so and so'", but rather, "it was mentioned" or "we had discussed". I think AlMaghrib should offer an elective course (1 weekend) on the Etiquettes of the Student of Knowledge and that it should be taught by Yaser Birjas. 
-Mahin, Orland Park, IL

This class was amazing because of Sh. Yaser Birjas. He was an amazing teacher. He was the perfect teacher, mashAllah. He made the class beyond enjoyable. And as a teacher, I feel, he subtly taught us how to be good students; the proper adab we should have...in terms of asking questions, etc.
Fawzias, New York

Shaykh Yaser treated both the material and those he was imparting it to with the most perfect adab, he’s definitely one of the most AMAZING instructors
Komal, New York

I don't feel as if any eloquent description of mine would do proper justice to Shaykh Yaser and his personality, perhaps this is why he has had such a lasting impact on me. His manners and teaching style are completely fervent and indicative of his fluent passion for teaching and relating the knowledge he has gained over the years.
Ammar, New York

Shaykh Yaser (may Allah reward him) was the one teaching it made it even better. He is so practical and patient - especially with those who were asking fiqh questions even though he asked us not to. I honestly thought before the class that this class was just for my knowledge and that it would have no practical benefits, but subhanAllah!
Nihaad Zaman, New Jersey

The experience of the Shaykh's manners, humor, and humility. The experience of hundreds of students indulging in Islamic education, while respecting all the rules that we would never imagine following in even our masajids (to be frank), the experience of brotherhood and sisterhood. Another purpose is to dispel stereotypes about the scholars and students of the Sunnah, that they are not carrying a big stick to hit on your heads, that they actually smile and laugh as well
Abu Abdullah, Newark, Delaware

This class wouldn't be the same without Sh. Yaser who not only has high levels of patience but a sense of humor that makes the class so much more fun. I always had this drive to learn about my wonderful religion and I would strive to attend lectures, and seminars; however, my heart was always what was being nourished (which is good) but never my brain until I began attending AlMaghrib classes. I feel like I gain a mountain of knowledge with each class and the more I attend the more I find out how little I know. I'm addicted to these classes and am praying day and night for this institution.
Rana, Qabeelat Ittihaad

  • Understanding the impact of Halal and Haram upon ourselves in this life, and the next
  • Explaining the Islamic ethos to wealth, work, and business
  • Debunking the words “Mu‘amalat” and “Buyu” to bring the Fiqh of Transactions and Sales to a level that everyone can understand
  • Exploring the concept of money and its use, the banking system, the Capitalist system, and in contrast, Islamic economic theory and Islamic finance
  • Studying the Fiqh of Contracts
  • Studying the Fiqh of Promises and their legal consequences, the Fiqh of Charity, and non-Sale Contracts
  • The impermissible aspects of business and contracts, such as “riba”, “gharar”, fraud, legal tricks, etc…
  • An in-depth study of Mufti Taqi Usmani’s epic paper presented to the WEF in Davos
  • A detailed look at the concept of “dharoorah” (necessity) and its validity
  • Investigating real contracts from popular products such as credit cards, bank accounts, and Islamic bank products
  • A detailed look at the investment market, pensions, shares, stocks, bonds etc…
  • Money management and how to be Islamically on point
  • Making the Dunya work for you as opposed to the other way round
  • A detailed look at all of the above situations and other contemporary challenges such as car leasing, inflation, loans, competitions, foreign exchange, and the burgeoning investment market, etc…
  • Studying the factors on how to bless and increase our wealth from the Qur’an and the Sunnah

And so much more insha’Allah!
I hope to see you all at this course that might just make you realize that the price of Paradise is very much worth finding out about…Whether it's in dollars, pounds, pesos, baisas, or paisas.
Pure Paisa - The Fiqh of Money and Transactions

- Shaykh Yaser Birjas
AlMaghrib Institute Instructor