Lecture 01

Islamic Wealth Planning and Management By Md. Shahedur Rahaman Chowdhury

Topic One: Wealth Creation And Mobilisation From Conventional And Islamic Perspectives

Differentiate Between Wealth and Income . ,[object Object],[object Object],[object Object],[object Object]

Differentiate the concepts of wealth between the Islamic and conventional perspectives. Are there any points of similarities? How do you reconcile the two concepts in reality? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Describe the nature of goods that Islam distinguishes for public consumption. ,[object Object],[object Object],[object Object],[object Object]

Why do you think Islam distinguishes them from those that could rightfully be privately owned? ,[object Object]

Explain why wealth is considered as a two-edged sword? How could one protect oneself from going beyond the bounds permitted by the Shariah and why? ,[object Object],[object Object],[object Object],[object Object]

Is wealth planning permissible in Islam? How much different will it be done from the conventional approach? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

The three prohibitive elements that would make a commercial transaction non-shariah compliant are riba (usury), maisir (gambling) and gharar (uncertainty; ambiguity). Why are they considered prohibitive to Shariah? ,[object Object],[object Object],[object Object]

Spending one’s wealth on others is strongly encouraged by Islam ,[object Object],[object Object]

Briefly explain the importance of spending in the context of wealth purification in Islamic wealth planning. ,[object Object],[object Object],[object Object]

Briefly explain each of the different Islamic wealth purification processes. ,[object Object],[object Object],[object Object],[object Object],[object Object]

Lecture 01

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Lecture 01