Islamic Finance: The Measure & the Rights

About this lecture

In this opening lesson of an Islamic finance series, the speaker uses the metaphor of a measuring tape to explain money's true function as a measure of value — not a commodity to be bought, sold, or rented. Drawing on Quranic verses, hadith, and classical scholars such as Imam Al-Ghazali and Ibn al-Qayyim, the lecture identifies four corruptions of the financial measure — riba (interest), gharar (uncertainty), ihtikar (hoarding), and khiyanah (betrayal of trust) — and presents their Islamic alternatives including Mudaraba, Musharaka, Salam, Istisna', Qard Hasan, and Zakah. Viewers are equipped with two practical questions to evaluate any financial product through the lens of Islamic ethics.