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IEC 629 - Advanced Islamic Economy

Graduate Education Institute · Islamic Economics and Finance (English) · Doctorate

ECTS: 7.5 T+P+L: 3+0+0 Compulsory
Coordinator: Prof. Dr. Monzer KAHF
Instructors: Prof. Dr. Monzer KAHF

Course Objective

To understand the fundamentals of Islamic economics, to learn the historical development of Islamic economics in the light of the decrees and practices of the Prophet (saw) and the Rightly Guided Caliphs (ra), as well as the fundamental and unique features of Islamic economics.

Course Content

The fundamentals of Islamic economics, the historical development of Islamic economics in the light of the decrees and practices of the Prophet (saw) and the Rightly Guided Caliphs (ra), the fundamental and unique features of Islamic economics.

Course Learning Outcomes

  1. To understand the fundamentals of Islamic economics
  2. To explain the historical development of Islamic economics in the light of the decrees and practices of the Prophet (saw) and the Rightly Guided Caliphs (ra)
  3. To explain the fundamental and unique features of Islamic economics

Core Area Distribution

(34) Business and Administration%100

Teaching Methods

ExpressionQuestion-AnswerDiscussion

Assessment & Evaluation

Testing (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 Period16348
Midterm166
Quiz224
Assignment11010
Practice000
Final188

Course Schedule

WeekSubjectPreparation
1Basic Economic Problems and Their Alternative Solutionsrelevant chapter
2Economic System: Concept, Definition and Clasificationrelevant chapter
3Characteristics of An Economic Systemrelevant chapter
4Comparative Economic Systemsrelevant chapter
5Economic Systems in Historyrelevant chapter
6An Overview of Contemporary Economic Systems: Each System Unique/Singular or Plural.relevant chapter
7Capitalist Economic Systems in Theoryrelevant chapter
8Midterm examMidterm exam
9Capitalist Economic Systems in Practicerelevant chapter
10Socialist Economic Systems in Theoryrelevant chapter
11socialist economic system in practicerelevant chapter
12Islamic Economic Systems in Theoryrelevant chapter
13Islamic Economic Systems in Practicerelevant chapter
14Economic Modernization, Postmodernization and Globalizationrelevant chapter
15DiscussionDiscussion
16Final ExamFinal Exam