Money, Values & You — A Financial Literacy Course for 6th Graders
| Topic | Details |
|---|---|
| What a bank is and what it doe | What a bank is and what it does |
| Checking accounts vs. savings | Checking accounts vs. savings accounts |
| How banks make money | How banks make money: the lending model |
| Why people use banks instead o | Why people use banks instead of keeping cash at home |
| What interest is | What interest is: the cost of borrowing money |
| How compound interest works (s | How compound interest works (simple explanation) |
| What Riba means and why it is | What Riba means and why it is prohibited in Islam |
| The ethical concerns about int | The ethical concerns about interest-based lending |
| How Islamic banking works | How Islamic banking works: no interest, risk-sharing instead |
| Murabaha | Murabaha: cost-plus financing |
| Musharakah | Musharakah: partnership financing |
| How Islamic banks are differen | How Islamic banks are different in practice |
| What a credit union is | What a credit union is: member-owned, not-for-profit |
| How credit unions differ from | How credit unions differ from banks |
| Things to consider when choosi | Things to consider when choosing a bank or credit union |
| The take-home | The take-home: interview a parent about their banking |
Discover what banks actually do with your money, how accounts work, and why banking exists.
Learn how interest works in conventional banking and why it is prohibited in Islam.
Explore how Islamic banks work without interest. Learn about murabaha, musharakah, and other models.
Learn what credit unions are, how they differ from banks, and how to think about choosing where to keep your money.