Course description

Money is so inextricably woven into the fabric of our lives that it has become fundamental to our survival. It affects almost everything we do, and yet we actually know very little about it. Bernard Lietaer, co-founder of the Euro once said:

"Most people consider money to be a passive medium of exchange.... They assume that it doesn't affect the type of transactions that are being performed or the relationships between the people. Both of these assumptions however, have been proven to be false... We have a number of studies that demonstrate very clearly that depending on what one uses as a means of exchange, the relationships between the people are different" [Rosenblith, 2009].

Consider for a moment that the way in which money is accumulated and used actually changes the way in which we interact with each other. The implications of this are enormous and forces us to reconsider the fabric of exchange on which our global society is built. It is particularly important for Muslims to be aware of the dynamics of the current monetary system because ignorance about it can tangle up your financial present and future in a web of riba.

There are many myths about the monetary system that make it increasingly difficult for Muslims to make financial decisions that are beneficial for this world and the Hereafter.

To help make sense of the madness, Islamic Online University presents, “Money Myth” by Sr. Hamida Mubasshera to unravel the pros and cons of the current monetary system.

In this course, You Will Learn:

  • Overview of the current monetary system and its implication on our daily life
  • Reasons why the cost of living keeps going up and up
  • Whether riba can be justified due to inflation or not
  • Why most of us are engrossed in debt and why the number of bankruptcies are on rise.
  • & so much more!

You Will Receive:

  • Four LIVE classroom sessions, with a question and answer period following each
  • Beautifully designed presentations for your personal usage
  • A ‘Certificate of Completion’ delivered to your residence for an additional nominal fee

This course is 100% free! Please take advantage of this golden opportunity


Reviews (5)

by Farouk Dauda

by Mir Mohaiminul Ahrar Khan

by Maryam Azam

Read more

by Farouk Dauda

by Mir Mohaiminul Ahrar Khan

by Maryam Azam

Great work. Jazakallah Khair


by S A Araphat Shourav

Hamida  Mubasshera

Hamida Mubasshera


Hamida Mubasshera, a Bangladeshi by born,is currently pursuing her Phd in the department of Economics in Texas Tech University, USA. Before that she has completed her Masters in Finance (majoring in Islamic finance) in 2014 from International Islamic University Malaysia. and Bachelor in Business Administration (majoring in finance) from Institute of Business Administration (IBA), University of Dhaka.

During her stay at Malaysia Hamida worked with several professors of IIUM as Teaching assistant and Research assistant. She has co-authored multiple papers with them which have been published in peer reviewed journals. She has also attended and presented papers in international conferences on Islamic finance. Within Islamic finance, her field of specialization is monetary economics from Islamic perspective.

Course Includes

7 Multimedia

5 Quizzes

1 Text

4 PDFs