Faculty of Business and Management Sciences · Islamic Economics and Finance · Undergraduate
ECTS: 5 T+P+L: 3+0+0 Compulsory
Coordinator: Prof. Dr. Servet BAYINDIR
Course Objective
The objectives of this course are to:
- To provide students with the knowledge of various Islamic commercial transactions.
- To expose students to issues related to debt and its treatment in Fiqh.
- To enhance the students’ skills in relation to the application of Islamic commercial and financial transactions.
Course Content
The course covers important contracts, which are related to trade, business and financial practices. It mainly focuses on commercial and financial transactions that are used in Islamic banking and finance such as contract of sale (bay’) and its varieties, lease (ijarah), agency (wakalah), deposit (wadi’ah) loan (qardh), partnership contracts (musharakah and mudharabah), and security contracts such as pledge (rahn) guarantee (kafalah), transfer of debt (hawalah), absolution (ibra) and debt clearance (muqassah).
Core Area Distribution
(22) Humanities%30 (38) Law%70
Teaching Methods
DiscussionBrain StormingCase StudyProblem Solving
Assessment & Evaluation
HomeworkPerformance Assignment ( Lab / Workshop / Field Work / Seminar / Presentation / Completion Study / ThesisTesting (Essay / Tests: True-Falls, multiple-choice, short answer, matching)
ECTS / Workload
| Activity | Quantity | Duration (h) | Total Workload |
|---|---|---|---|
| Course Duration (Including Exam Week) | 15 | 3 | 45 |
| Out of Class Study Period | 15 | 2 | 30 |
| Midterm | 1 | 15 | 15 |
| Quiz | 0 | 0 | 0 |
| Assignment | 1 | 10 | 10 |
| Practice | 0 | 0 | 0 |
| Final | 1 | 20 | 20 |
Course Schedule
| Week | Subject | Preparation |
|---|---|---|
| 1 | İslam Hukukunda Şİrket | Verilen kaynaların ilgili bölümlerin okunması |
| 2 | Mufavada, Inan Companies | Reading the relevant chapters of the given sources |
| 3 | Mudaraba Company and Today's Applications | Reading the relevant chapters of the given sources |
| 4 | Agricultural Companies: Musaka and Muzaraa | Reading the relevant chapters of the given sources |
| 5 | Vucuh, Amal and Emval companies | Reading the relevant chapters of the given sources |
| 6 | Murabaha Contract and Today's Practices | Reading the relevant chapters of the given sources |
| 7 | Selem and parallel Selem | Reading the relevant chapters of the given sources |
| 8 | Ara Sınav | Ara Sınav |
| 9 | Sukuk and Today's Practices | Reading the relevant chapters of the given sources |
| 10 | Work and Parallel Work Contracts and Today's Applications | Reading the relevant chapters of the given sources |
| 11 | Rent and Leasing | Reading the relevant chapters of the given sources |
| 12 | Consumption Contract and Foreign Exchange and Precious Metal Trade | Reading the relevant chapters of the given sources |
| 13 | Investment by Proxy | Reading the relevant chapters of the given sources |
| 14 | Other Islamic Finance Techniques | Reading the relevant chapters of the given sources |
| 15 | Review | Reading the relevant chapters of the given sources |
| 16 | Final Sınavı | Final Sınavı |