Faculty of Business and Management Sciences · Islamic Economics and Finance (English) · Undergraduate
ECTS: 5 T+P+L: 3+0+0 Compulsory
Coordinator: Dr. Öğr. Üyesi Mohamed Cherıf ELAMRI
Instructors: Dr. Öğr. Üyesi Mohamed Cherıf ELAMRI
Course Objective
The objectives of this course are to:
- To provide the students with the introductory knowledge of Islamic Fiqh.
- To teach the students the theories of Fiqh on property (Al-Maal), rights (Al-huquq), ownership (Al-milkiyah), and contract (Al-‘aqd).
- To expose students to discussions on usury, gharar, maysir and prohibited properties.
- To prepare students for the study of the various transactions in Islamic Commercial Law II and other more advance courses in Fiqh-ul-Mu’aamalah.
Course Content
It is an introductory course which deals with the definition and explanation of some basic Shari’ah terms in relation to Fiqh-ul-Mu’aamalat. These include the sources for Fiqh-ul-Mu’aamalat, objectives of Shari’ah and legal maxims. The course also has a comprehensive coverage on the topics of property, rights, ownership, and contracts. The course also includes discussions on riba, gharar, maysir and prohibited properties.
Course Learning Outcomes
- Demonstrate the importance of the knowledge of Fiqh Mu’amalat in economic activities
- Apply the principles of Fiqh Mu’amalat to their daily economic and business activities
- Demonstrate the knowledge of the theories of property, rights, ownership, contract, riba, maysir and gharar
- Demonstrate the ability to identify the prohibitive elements in financial and commercial activities
Core Area Distribution
(22) Humanities%30 (38) Law%70
Teaching Methods
ExpressionQuestion-AnswerDiscussionBrain StormingSelf study
Assessment & Evaluation
Performance Assignment ( Lab / Workshop / Field Work / Seminar / Presentation / Completion Study / ThesisTesting (Essay / Tests: True-Falls, multiple-choice, short answer, matching)
ECTS / Workload
| Activity | Quantity | Duration (h) | Total Workload |
|---|---|---|---|
| Course Duration (Including Exam Week) | 16 | 3 | 48 |
| Out of Class Study Period | 15 | 5 | 75 |
| Midterm | 1 | 1 | 1 |
| Quiz | 0 | 0 | 0 |
| Assignment | 0 | 0 | 0 |
| Practice | 0 | 0 | 0 |
| Final | 1 | 1 | 1 |
Course Schedule
| Week | Subject | Preparation |
|---|---|---|
| 1 | Introductory discussions: Islam, Sharicah, Aqidah | Introductory discussions: Islam, Sharicah, Aqidah |
| 2 | Introductory discussions: Akhlaq, Fiqh | Introductory discussions: Akhlaq, Fiqh |
| 3 | Usul Al-Fiqh, The Objectives of Islamic Sharicah, Fiqh Maxims | Usul Al-Fiqh, The Objectives of Islamic Sharicah, Fiqh Maxims |
| 4 | Theory of Private Property (Al-Mal) | Theory of Private Property (Al-Mal) |
| 5 | Theory of Rights (Al-huquq) | Theory of Rights (Al-huquq) |
| 6 | Theory of Ownership (Al-milkiyah) | Theory of Ownership (Al-milkiyah) |
| 7 | Revision | Revision |
| 8 | Midterm | |
| 9 | Theory of Contract (‘Aqd) | Theory of Contract (‘Aqd) |
| 10 | Theory of Contract (‘Aqd): Expression, Contracting Parties | Theory of Contract (‘Aqd): Expression, Contracting Parties |
| 11 | Threory of Contract: Subject-matter | Threory of Contract: Subject-matter |
| 12 | The Purpose and Effect of a contract (‘aqd) | The Purpose and Effect of a contract (‘aqd) |
| 13 | Conditions and Classification of the Contact | Conditions and Classification of the Contact |
| 14 | Options (Al-Khiyaaraat) of a contract (‘aqd ) | Options (Al-Khiyaaraat) of a contract (‘aqd ) |
| 15 | The Prohibited Elements in transactions | The Prohibited Elements in transactions |
| 16 | Final |