Foundations of Islamic Savings and Investments

Peace be upon you

Join us for a comprehensive workshop designed to provide participants with an understanding of Islamic finance principles and their practical application in investment strategies.

Week 1: Shariah Framework

In the first week, participants will delve into the fundamental principles of Shariah, exploring its ethical and legal framework. The workshop will cover the historical development of Shariah and its relevance to contemporary financial practices. Participants will gain insights into the key concepts and principles that guide Shariah-compliant investments.

Defining Shariah Compliant Investments
Building on the foundation laid in Week 1, the second week will focus on the specific criteria that define Shariah-compliant investments. Participants will learn about permissible (halal) and prohibited (haram) activities and financial instruments, gaining practical knowledge to identify and evaluate investment opportunities in accordance with Shariah principles.

Week 2: Ribaa (Usury)

Ribaa, or usury, is a critical concept in Islamic finance. During Week 3, participants will explore the Islamic perspective on interest and usury, and how it influences investment decisions. The workshop will delve into alternative financial structures that adhere to Shariah principles, offering participants a comprehensive understanding of interest-free investment options.

Week 3: Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) Ratios

We will focus on the standards set by the AAOIFI, a key regulatory body in Islamic finance. Participants will learn about the AAOIFI ratios and how they are applied in assessing the financial health and compliance of Islamic financial institutions. This practical knowledge will empower participants to make informed investment decisions aligned with AAOIFI standards.

Week 4: Contemporary Issues and Scams

The final week of the workshop will address contemporary challenges and potential scams in the realm of Shariah-compliant investments. Participants will examine real-world case studies, learning to navigate and mitigate risks associated with emerging issues. The workshop will equip participants with the skills to critically analyze investment opportunities and safeguard against fraudulent practices.

By the end of the 4-week workshop, participants will have a comprehensive understanding of Shariah-compliant investments, from the underlying principles to practical application and risk management in the dynamic landscape of Islamic finance. In sha Allah

NB! The workshop is accessible to individuals of all backgrounds, and no prerequisites are necessary for participation.

Taught by:

Abdulazeez (Abdul) Davids
Qualifications: BCom (Accounting); CFA

Abdul joined Camissa Asset Management on 1 February 2008 as Head of Research and Portfolio Manager. In addition to his research responsibilities at Kagiso, Abdul manages five Sharia retail unit trust funds as well as institutional clients’ funds. Direct funds under Abdul’s management totaled R25bn including R7bn in Shariah assets. Abdul spent 10 years at Allan Gray, joining the company’s research team in 1998.

During his time at Allan Gray, Abdul played a key role in growing the company’s assets under management from R9bn in 1998 to over R300bn at the end of 2007. This role included responsibility for recruiting and training new analysts at Allan Gray as well as overseeing Allan Gray’s client portfolios in Botswana and Namibia. Abdul was also instrumental in the creation and maintenance of Allan Gray’s proprietary investment research systems. Abdul graduated from the University of Cape Town (UCT) in 1996. He obtained his Chartered Financial Analyst (CFA) charter in 2001. Abdul has over 25 years of investment experience.

Shaykh Muhammad Carr has dedicated his life to studying and transmitting our beautiful deen. His studies have taken him around the globe, where he has benefitted from many luminaries. Under the guidance of his teachers – Shaykh Taha Karan, Shaykh Yaseen Abbas, Shaykh Muadh Ali and many others – Shaykh Muhammad has grown to appreciate the beauty and benefits of diverse scholarship. He completed his memorization of the Qur’an at Dar al-Ulum Zakariyyah in September 1997 and received an Alimiyya Degree in 2006 from DUAI (Darul Ulum al-Arabiyyah al-Islamiyyah). He is also affiliated with Masjid Auwal in Bo Kaap, Cape Town (the oldest mosque in South Africa), where he serves as a co-imam, and Dar Al-Safa, where he has taught since 2018. As a teacher, he imparts the wisdom of our heritage and tradition by opening the door for students. As an imam, he has the unique opportunity to serve his community in daily life. He continues to pursue traditional Islamic Sciences, possessing a keen interest in Islamic Contract Law and Finance.

Date and Time:

Saturdays for 4 weeks
Starting 1st February 2025
Ends 22nd February 2025
5.30pm to 7.15pm

Fee:

Once off fee of R450 includes all material

Venue: 

The Knowledge Zone – 541 Lansdowne Rd, Lansdowne

(entrance at Unique Hijabs)

• Car Guards patrolling 
• Air-condition Facilities

EFT Payments

Venue Details

Location: Unique Hijabs / The Knowledge Zone, 541 Lansdowne Rd, Lansdowne
GPS Address: Please enter 530 Lansdowne Road into your GPS [due to google mapping error.] We are located directly across the road.
Entrance: Access through Unique Hijabs Store on the main road.
Parking: Parking is available in front of the store and along the sides of the main road.
Security: Security guards will be on duty; please follow their instructions.

Additional Information:

• Please ensure not to leave any valuables in your vehicle and remain vigilant of your surroundings.
• Air-conditioning facilities are available.
• Wudu facilities are available on-site.
• Backup power is available in case of load-shedding.
• Snacks, coffee, and tea will be available for purchase.

We look forward to welcoming you.

RIGHT OF ADMISSION RESERVED

The organisers accept no responsibility whatsoever for injury, death, loss or damage of any nature to persons, vehicles & belongings resulting from any cause whatsoever. Due care has been taken to make this event safe & secure. Participation at the event is entirely at your own risk.