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IEF 336 - History of Islamic Economic Thought

Faculty of Business and Management Sciences · International Trade and Finance · Undergraduate

ECTS: 5 T+P+L: 3+0+0 University Elective
Coordinator: Dr. Öğr. Üyesi Hüseyin İÇEN

Course Objective

This course aims to examine the fundamental principles of Islamic economics as established and shaped in detail from its inception to its development. It focuses on the economic regulations set during the time of the Prophet Muhammad ﷺ and the Rashidun Caliphs (RA), as well as the mindset formed through their applications, which remained influential until the mid-19th century. Furthermore, the course will analyze contemporary Islamic economic thought, assessing its position in relation to original sources and the historical experience of Muslims.

 

 

 

 

Course Content

This course examines the foundations of Islamic economics, focusing on the economic regulations established during the time of Prophet Muhammad ﷺ and the Rashidun Caliphs (RA), as well as the mindset shaped through their application until the 19th century. In this context, key principles and prohibitions regulating economic life during these periods—such as the land system, zakat, public finance, trade, markets, hisba, charitable spending (infaq), endowments (waqf), inheritance, and interest-free loans (qarḍ ḥasan)—are explored.

 

Required Resources

Core Area Distribution

(34) Business and Administration%100

Teaching Methods

ExpressionDiscussionPresentation

Assessment & Evaluation

Oral ExamTesting (Essay / Tests: True-Falls, multiple-choice, short answer, matching)

ECTS / Workload

ActivityQuantityDuration (h)Total Workload
Course Duration (Including Exam Week)14342
Out of Class Study Period10110
Midterm515
Quiz5210
Assignment111
Practice111
Final339

Course Schedule

WeekSubjectPreparation
11. Hafta: İslam İktisat Düşüncesinin Kaynakları ve Temelleri Week 1: Sources and Foundations of Islamic Economic Thought1. Hafta: İslam İktisat Düşüncesinin Kaynakları ve Temelleri Week 1: Sources and Foundations of Islamic Economic Thought
22. Hafta: Hz. Peygamber (ﷺ) ve Hulefâ-yi Râşidîn (RA) Döneminde İktisat Week 2: Economy During the Time of Prophet Muhammad (ﷺ) and the Rashidun Caliphs (RA)2. Hafta: Hz. Peygamber (ﷺ) ve Hulefâ-yi Râşidîn (RA) Döneminde İktisat Week 2: Economy During the Time of Prophet Muhammad (ﷺ) and the Rashidun Caliphs (RA)
33. Hafta: Klasik Dönemde İslam İktisat Düşüncesi ve Temel Kavramlar Week 3: Islamic Economic Thought and Key Concepts in the Classical Period3. Hafta: Klasik Dönemde İslam İktisat Düşüncesi ve Temel Kavramlar Week 3: Islamic Economic Thought and Key Concepts in the Classical Period
44. Hafta: İslam’da Mülkiyet, Kazanç ve Üretim Anlayışı Week 4: The Concept of Ownership, Earning, and Production in Islam4. Hafta: İslam’da Mülkiyet, Kazanç ve Üretim Anlayışı Week 4: The Concept of Ownership, Earning, and Production in Islam
55. Hafta: İslam Ekonomisinde Tüketim, İsraf ve Kanaatkârlık Week 5: Consumption, Wastefulness (Israf), and Contentment in Islamic Economics5. Hafta: İslam Ekonomisinde Tüketim, İsraf ve Kanaatkârlık Week 5: Consumption, Wastefulness (Israf), and Contentment in Islamic Economics
66. Hafta: Zekât, Sadaka ve Sosyal Adaletin Ekonomik Boyutu Week 6: Zakat, Charity (Sadaqah), and the Economic Aspect of Social Justice6. Hafta: Zekât, Sadaka ve Sosyal Adaletin Ekonomik Boyutu Week 6: Zakat, Charity (Sadaqah), and the Economic Aspect of Social Justice
77. Hafta: Piyasa Etiği, Ticaret Ahlakı ve Hisbe Kurumu Week 7: Market Ethics, Business Morality, and the Institution of Hisba7. Hafta: Piyasa Etiği, Ticaret Ahlakı ve Hisbe Kurumu Week 7: Market Ethics, Business Morality, and the Institution of Hisba
88. Hafta: İslam İktisat Düşüncesinde Para, Değer ve Kriz Yaklaşımları Week 8: Money, Value, and Crisis Approaches in Islamic Economic Thought8. Hafta: İslam İktisat Düşüncesinde Para, Değer ve Kriz Yaklaşımları Week 8: Money, Value, and Crisis Approaches in Islamic Economic Thought
99. Hafta: 19. Yüzyıl ve Sonrasında İslam İktisat Düşüncesinde Değişim ve Kopuşlar Week 9: Transformations and Breaks in Islamic Economic Thought After the 19th Century9. Hafta: 19. Yüzyıl ve Sonrasında İslam İktisat Düşüncesinde Değişim ve Kopuşlar Week 9: Transformations and Breaks in Islamic Economic Thought After the 19th Century
1010. Hafta: Modern İslam İktisadı: Ortaya Çıkışı ve Güncel Tartışmalar Week 10: The Emergence of Modern Islamic Economics and Contemporary Debates10. Hafta: Modern İslam İktisadı: Ortaya Çıkışı ve Güncel Tartışmalar Week 10: The Emergence of Modern Islamic Economics and Contemporary Debates
11Sunum - presentationSunum - presentation
12Sunum - presentationSunum - presentation
13Sunum - presentationSunum - presentation
14Sunum - presentationSunum - presentation
15FinalFinal