Faculty of Business and Management Sciences · Islamic Economics and Finance (English) · Undergraduate
Course Objective
As one of major components of Islamic finance, students have to understand the philosophy, Shariah principles, regulatory frameworks and valuations of various instruments of Islamic Capital market.
Course Content
- Understand the regulatory framework governing Islamic money and capital markets.
- Critically analyze Islamic money and capital markets instruments based on economic and Shari’ah principles.
- Apply principles learnt to structure Islamic money and capital market instruments.
- Calculate the value and yield of Islamic money and capital market instruments.
- Demonstrate analytical and teamwork skills in analyzing and structuring Islamic money and capital market instruments.
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 ontime and expect to leave at the end of class.
Course Learning Outcomes
- Analyze the main differences between Islamic economics and conventional economics. Explain the functioning and instruments of the interest-free financial system.
Core Area Distribution
Teaching Methods
Assessment & Evaluation
ECTS / Workload
| Activity | Quantity | Duration (h) | Total Workload |
|---|---|---|---|
| Course Duration (Including Exam Week) | 16 | 3 | 48 |
| Out of Class Study Period | 16 | 4 | 64 |
| Midterm | 1 | 2 | 2 |
| Quiz | 0 | 0 | 0 |
| Assignment | 1 | 5 | 5 |
| Practice | 0 | 0 | 0 |
| Final | 1 | 3 | 3 |
Course Schedule
| Week | Subject | Preparation |
|---|---|---|
| 1 | Introduction and Overview of Islamic Capital Market | relevant chapter |
| 2 | The Interbank Money Market | relevant chapter |
| 3 | The Interest-free Interbank Money Market | relevant chapter |
| 4 | Bonds and Bonds market 1 | relevant chapter |
| 5 | Bonds and Bonds market 2 | -relevant chapter |
| 6 | Sukuk and Sukuk Market 1 | relevant chapter |
| 7 | Sukuk and Sukuk Market 2 | relevant chapter |
| 8 | MIDTERM | - |
| 9 | Common Stock and Equity Markets | relevant chapter |
| 10 | The Interest-free Equities Market 1 | relevant chapter |
| 11 | The Interest-free Equities Market 2 | relevant chapter |
| 12 | The interest-free common stock and equity markets 3 | relevant chapter |
| 13 | Other special topics in Islamic capital market 1 | relevant chapter |
| 14 | Other special topics in Islamic capital market 2 | relevant chapter |
| 15 | Other special topics in Islamic capital market 3 | relevant chapter |
| 16 | Final exam | - |


