Faculty of Business and Management Sciences · Islamic Economics and Finance (English) · Undergraduate
Course Objective
This course is an introduction to Islamic economics depending on its definition, background and basic issues.
Course Content
In this course, first of all, Islam’s view of the world and especially the economy will be put forth, then the development of Islamic economy will be followed with reference to fiqh, history and economics. In this regard, the method of Islamic economics will be tried to be put forward.
In more practical part of the course, Islamic economic system will be revealed comparatively, and state and market relations will be examined in this context. Fiscal-monetary policies will be examined in relation to production, consumption and distribution, and in particular isuues of zakat and interest will be discussed. Finally, institutions of Islamic economics will be mentioned.
Core Area Distribution
Teaching Methods
Assessment & Evaluation
ECTS / Workload
| Activity | Quantity | Duration (h) | Total Workload |
|---|---|---|---|
| Course Duration (Including Exam Week) | 16 | 3 | 48 |
| Out of Class Study Period | 16 | 3 | 48 |
| Midterm | 1 | 10 | 10 |
| Quiz | 0 | 0 | 0 |
| Assignment | 2 | 3 | 6 |
| Practice | 0 | 0 | 0 |
| Final | 1 | 15 | 15 |
Course Schedule
| Week | Subject | Preparation |
|---|---|---|
| 1 | Giving information about the course and introduction to the course, Islam and its world (and economic) view (in the context of mentality, ideology, culture) | There is not. |
| 2 | Development of Islamic economics (parallel to fiqh, history and economics) | Repetition of the previous week. |
| 3 | Development of Islamic economics (parallel to fiqh, history and economics)-II | Repetition of the previous week. |
| 4 | Methodology of Islamic economics-I | Repetition of the previous week. |
| 5 | Methodology of Islamic economics-II | Repetition of the previous week. |
| 6 | Islamic economic system (with comparative Islamic political economy)-I | There is not. |
| 7 | Islamic economic system (with comparative Islamic political economy)-II | Repetition of the previous week. |
| 8 | Midterm exam period | Preparation for midterm. |
| 9 | State and market relations in Islamic economics | There is not. |
| 10 | Fiscal and monetary policies in Islamic economics | Repetition of the previous week. |
| 11 | Zakat | Repetition of the previous week. |
| 12 | Riba-I | Repetition of the previous week. |
| 13 | Riba-II | Repetition of the previous week. |
| 14 | Institutions in Islamic economics | Repetition of the previous week. |
| 15 | Final exam week | Preparation for the final. |
| 16 |