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This course will provide an overview of the theoretical doctrines that give rise to Islamic finance and an introduction to its contemporary practice in various market contexts. The course will also discuss the sources, principles, concepts, methodology, standards and applications of Islamic law in relation to financial system.
This course provides an in-depth exploration of Islamic Commercial Law, covering the theoretical foundations and practical applications of Islamic finance. It will introduce students briefly to the sources of Islamic law, including the Qur'an, Sunnah, Ijma, and Qiyas, and examine key principles such as the prohibition of riba and gharar. The course covers various Islamic financial
contracts like Musharakah, Mudaraba, and Salam, and explores how these principles apply in modern financial systems. By the end, students will be able to apply Islamic financial jurisprudence in real-world business and economic activities, ensuring Shariah-compliant practices.
Lecture 1 - Notes
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Lecture 2 - Notes
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Lecture 3 - Notes
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Lecture 4 - Notes
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Lecture 5 - Notes
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Lecture 6 - Notes
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Lecture 7 - Notes
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Lecture 8 - Notes
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Dr. Asad Ullah is an esteemed Assistant Professor at the Department of Shariah, Faculty of Shariah and Law, International Islamic University (IIU), Islamabad. With over a decade of teaching, research, and training experience, Dr. Asad has contributed significantly to the fields of Islamic law, jurisprudence, and Islamic commercial law. He also serves as the In-Charge of the Foreign Faculty Office at IIU and is a Master Hajj Trainer affiliated with Maassalama Smc Pvt. Ltd.
Dr. Asad Ullah holds a Ph.D. in Islamic Law & Jurisprudence from the International Islamic University, Islamabad (2021). His dissertation focused on the complex issue of "Blasphemy against the Prophet (peace and blessings be upon Him) and its Punishment in Pakistani Law, Islamic Law, and International Human Rights Law."
He also holds an MS in Islamic Commercial Law from IIU (2015), where he received a Gold Medal for his academic excellence. Dr. Asad has completed several advanced diplomas, including a Postgraduate Diploma in Hadith Sciences and Islamic Law, showcasing his deep understanding of classical Islamic studies and their modern applications.
Dr. Asad has been part of the faculty at IIU since 2017, progressing from Lecturer to Assistant Professor. He has also served as Adjunct Faculty at Pak-Austria Fachhochschule: Institute of Applied Sciences and Technology, Haripur. His teaching portfolio includes diverse courses such as:
His research focuses on Islamic law, contemporary jurisprudential issues, and the integration of Shariah in modern contexts. He has supervised and examined numerous master's-level research theses.
Dr. Asad is a prolific researcher with several publications in HEC-recognized journals. His notable works include:
He has also presented papers at national and international conferences on topics ranging from Islamic leadership to the role of sanctities in peacemaking.
Dr. Asad has taken on several administrative and organizational roles:
As a certified Master Hajj Trainer, Dr. Asad has trained pilgrims and organized events like the 1st Pakistan Hajj and Umrah Exhibition 2024. His training expertise extends to Pakistan and Saudi Arabia, emphasizing practical and spiritual preparation.
Dr. Asad is multilingual, fluent in Arabic, English, Urdu, Persian, and Pashto (native), which enriches his teaching and research capabilities in diverse cultural and academic settings.
Dr. Asad actively shares his work and engages with the academic community through platforms like ResearchGate, SSRN, LinkedIn, and Academia.edu.
Dr. Asad Ullah continues to make impactful contributions to the academic and practical realms of Islamic law and jurisprudence. His dedication to bridging traditional Islamic knowledge with contemporary issues makes him a prominent figure in his field.
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