Skip to main content

Graduate Education Institute · Islamic Economics and Finance (English) · Master

ECTS: 7.5 T+P+L: 3+0+0 Compulsory
Coordinator: Prof. Dr. Burhan ULUYOL

Course Objective

This course familiarises the students with the basics of Islamic Finance, prodeucts and services of Islamic Finance, Deposit and financing operations of Islamic Banking, deposit creation, Basel III requirements  and other special topics in Islamic Finance.  This would enable students to apply the knowledge that they get from this course in making economic decisions as well as assisting them to comprehend and evaluate the current economic situations.

Course Content

The objectives of this course are:

1.To enable students to understand the operations of Islamic banks;

2.To examine the deposit and financing opeations of Islamic Banks;

3.To understand the Basel III and IFSB  requirements; 

 4. To Familiarize with the risk management of Islamic finance; 

Rules

Academic Integrity: Students are expected to adhere to the ethical code of Istanbul Sabahattin Zaim University, and you commit to these principles by enrolling in this class. Academic dishonesty in any form is unacceptable, and penalties range from failing the exam to being dismissed from the university. We consider any violation of academic integrity to be a very serious matter.

Classroom Behavior:

  • Everyone is strongly encouraged to ask questions and make comments during the class.
  • Please turn off cell phones and other devices unless required by the lecturer.
  • Please arrive on-time and expect to leave at the end of class.

Course Learning Outcomes

  1. To understand the basic philosophy of Islamic Finance
  2. To examine the deposit and financing operations of Islamic banks
  3. To familiarize with BASEL III and IFSB requirements
  4. To apply the risk management techniques to Islamic Finance

Core Area Distribution

(34) Business and Administration%60 (46) Mathematics and Statistics%40

Teaching Methods

Question-AnswerDiscussionPresentationGroup StudyCase StudySelf studyProblem Solving

Assessment & Evaluation

HomeworkPerformance Assignment ( Lab / Workshop / Field Work / Seminar / Presentation / Completion Study / ThesisProject / DesignTesting (Essay / Tests: True-Falls, multiple-choice, short answer, matching)

ECTS / Workload

ActivityQuantityDuration (h)Total Workload
Course Duration (Including Exam Week)16348
Out of Class Study Period16580
Midterm111
Quiz000
Assignment23060
Practice000
Final122

Course Schedule

WeekSubjectPreparation
1The basics of Islamic Finance
2Classical Islamic Finance contracts and their applications-
3Islamic Financial instruments
4Deposit Operations of Islamic Banks
5Financing operations of Islamic Banks 1
6Financing operations of Islamic Banks 2
7Deposit creation and Securitization in Islamic Finance
8Mid term
9Basel 3 and IFSB requirements
10Risk Management in Islamic Finance
11Credit risk in Islamic Finance
12Liquidity risk in Islamic Finance
13Regulatory requirements in Islamic Finance
14The important trends of empirical studies in Islamic Finance
15Class presentations
16Final Exam