Principles of Islamic Economics
Islamic Law
Institute of Social Sciences
Third Cycle (Doctorate Degree)
| Course Unit Title | Course Unit Code | Type of Course Unit | Level of Course Unit | Year of Study | Semester | ECTS Credits |
|---|---|---|---|---|---|---|
| Principles of Islamic Economics | ISH110 | Elective | Doctorate degree | 1 | Spring | 7 |
Name of Lecturer(s)
Assistant Prof. Dr. Abdurrahman BULUT
Learning Outcomes of the Course Unit
1) Having information about the Islamic solutions to actual economic problems
2) Understanding the strong relationship between religious and economy
3) To know the basic principles of economics of Islam
4) To compare Islamic economy with the other economic systems
5) Having information about the types of dealings in the Islamic history
6) Be able to analyze some of the new economic transactions, according to the general principles of Islam
7) To apprehend the nature and causes of interest and its socio-political consequences of prohibition to analyze
8) Have information about non-interest bearing sources of funds
9) To know types of Islamic companies and to compare it with modern types of companies
Program Competencies-Learning Outcomes Relation
| Program Competencies | |||||||||
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | ||
| Learning Outcomes | |||||||||
| 1 | High | High | Middle | High | Middle | High | High | Middle | |
| 2 | High | High | High | Middle | Middle | High | High | Middle | |
| 3 | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | |
| 4 | Middle | High | High | High | High | Middle | High | High | |
| 5 | High | Middle | High | High | Middle | High | High | High | |
| 6 | Middle | Middle | Middle | Middle | High | High | High | High | |
| 7 | High | High | High | Middle | High | High | High | Middle | |
| 8 | Middle | High | High | Middle | High | High | High | High | |
| 9 | High | High | High | High | High | High | High | High | |
Mode of Delivery
Face to Face
Prerequisites and Co-Requisites
None
Recommended Optional Programme Components
None
Course Contents
Islam's understanding of the economy and some of the current economic problems
Weekly Schedule
1) The terms of iqtisad and economics, and main of economic systems.2) Features of Islamic economy
3) The main types of shopping, valid, fasid (vicious), irregular makrooh sales.
4) On credit sales, barter, salam, exchange, ba’y bi al-wafa, the types of forbidden tradings.
5) The main financial sources, Qard al-hasan, incorporation in meeting the needs of finance.
6) The partnerships of mufawada, musharaka, vujuh
7) The partnership of mudaraba, its history and sources and types.
8) Midterm exam
9) The implementation of mudaraba, lower mudaraba and upper mudaraba.
10) Structural similarities between mudaraba the Venture Capital.
11) The concept of interest (riba), its places in Islam, installment selling
12) Interest (riba) in dar al-harb (non-muslim country) and interest in the inflation rate
13) Places of cash a cheque, discount, back letter, factoring, brokerage in Islamic economy.
14) Social Security, insurance and motor insurance
15) Final exam
Recommended or Required Reading
1- Taki Osmani, Fıkhu'l-büyû
2- DİA, Muhtelif Maddeler
3- Celal YENİÇERİ, İslam İktisadının Esasları
Planned Learning Activities and Teaching Methods
1) Lecture
2) Question-Answer
3) Discussion
4) Drill and Practice
5) Brain Storming
6) Case Study
7) Problem Solving
Assessment Methods and Criteria
Number |
Percentage |
|
|---|---|---|
Contribution of Quiz to Course Grade |
2 |
40% |
Contribution of Final Examination to Course Grade |
1 |
60% |
Total |
100% |
|
Language of Instruction
Turkish
Work Placement(s)
Not Required