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My perception and expectations of Islamic Finance programs and courses are as follows:
1. They should cover the Islamic Business Dealing chapters (FiQul-Mu^amalat) according to the four main Sunni schools of legislation. Differences between those schools are important to understand and grasp as they provide room for more applications and financial products as well as different forms of contracts.
2. They should cover the different Islamic modes of financing with practical easy to understand examples
3. They should cover the different forms of Islamic contracts and how there might be differences between two or more valid contracts covering the same business transaction
4. They should provide a history and evolution of contemporary Islamic financial and banking attempts
5. They should cover the proofs of the different business dealing formats from Qur'an, Hadith and the sayings and actions of the companions of Prophet MuHammad, Sallal-Laahu ^Alayhi Wa Sallam.
6. They should have various real case studies of Islamic contracts which students can study and analyze.
7. They should cover all the prohibitions in dealings and contracts based on what is known to be Haram and not-Shari^ah compliant situations so that students know what's the wrong way of doing things so that they don't fall into it.
