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İEF 637 - Non-Interest Financial Institutions and Instruments

Graduate Education Institute · Islamic Economics and Finance · Doctorate

ECTS: 7.5 T+P+L: 3+0+0 Departmental Elective
Coordinator: Prof. Dr. Zeyneb Hafsa ORHAN
Instructors: Prof. Dr. Zeyneb Hafsa ORHAN

Course Objective

The purpose of the course is to teach student the principles and applications of Zakah, Inheritence, Awqaf (pious foundations) and Hisbah which are among the important institutions in Islam. In this context, it is aimed that students will learn calculations of Zakah and Inheritence along with their pillars and conditions. In addition, new issues related to Zakah, the current applications of Awqaf, and the scope of Hisbah at the present time are going to be discussed based on the applications in the history starting from Prophet Mohammed (pbuh).

Course Content

The definition, scope and conditions of Zakah; the scope and conditions of Inheritance system; the definition, scope and conditions of Awqaf; the definition, scope nad conditions of Hisbah; the scope of these institutions at the present time and the rulings about the current issues related to the institutions in question; calculations of Zakah and Inheritance.

Course Learning Outcomes

  1. To learn the provisions and applications regarding zakat
  2. Learning zakat calculations
  3. To learn the provisions and practices regarding inheritance
  4. Learning inheritance calculations
  5. To learn the provisions and practices regarding the foundation
  6. To learn the terms and practices regarding the share

Core Area Distribution

(34) Business and Administration%100

Teaching Methods

ExpressionQuestion-AnswerSelf study

Assessment & Evaluation

HomeworkTesting (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 Period16464
Midterm122
Quiz212
Assignment177
Practice000
Final122

Course Schedule

WeekSubjectPreparation
1The definition, conditions and pillars of ZakahZekât: Bilgi ve Uygulama
2The assets subject to Zakah and Zakah of new types of assetsZekât: Bilgi ve Uygulama
3The eligible recipients of Zakah and the method of paying ZakahZekât: Bilgi ve Uygulama
4Zakah of corporations, accounting for Zakah, calculations of ZakahZekât: Bilgi ve Uygulama
5Quiz 1 and the calculation of ZakahZekât: Bilgi ve Uygulama
6The scope of Inheritance in Islam and related conceptsİslâm Miras Hukuku; Teshîlu’l-Ferâiz
7Rulings related to inheritance Iİslâm Miras Hukuku; Teshîlu’l-Ferâiz
8MidtermMidterm
9Rulings related to inheritance IIİslâm Miras Hukuku; Teshîlu’l-Ferâiz
10Rulings related to inheritance II and calculations of inheritanceİslâm Miras Hukuku; Teshîlu’l-Ferâiz
11Calculations of inheritanceİslâm Miras Hukuku; Teshîlu’l-Ferâiz
12Quiz 2 and the definition, types, pillars, and conditions of Aqwaf“Vakıf” (DİA); İslam Dünyasında Vakıflar
13Awqaf in Islamic history, the current situation and problems“Vakıf” (DİA); İslam Dünyasında Vakıflar
14The definition, scope, pillars, and conditions of Hisbah institution“Hisbe” (DİA); Sosyal Servet
15Hisbah in Islamic history, its scope at the present time and current issues“Hisbe” (DİA); Sosyal Servet
16Final ExamFinal Exam