Skip to main content

IEC 635 - Islamic Economic Thought and History

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

ECTS: 7.5 T+P+L: 3+0+0 Departmental Elective
Coordinator:

Course Objective

This course is designed to teach students the Islamic economic history, in the light of the decrees imposed on economic life in the time of our Prophet (saw) and the Rightly Guided Caliphs (ra) which determines the basis of Islamic economics and its scope, together with the fundamental literatures, works and practices that emerged by Muslims in classical and contemporary periods.

Course Content

In addition to the examination of the works written in basic literary genres such as fiqh, hadith, tafsir, tafsir and zuhd, which are under the umbrella of Islamic sciences tradition within the scope of the classical period, especially the sub-literary types of the fields such as fiqh and ethics, kharâj, amwâl, hisbah, kasb, adab. It is also aimed to examine the works written within the framework of literature such as commerce, ahkâm al-sultâniyye, nuqûd, siyâsatnâme. However, it is the subject of the study of literary genres such as Islamic economics, Islamic finance, the history of Islamic economic thought and the history of Muslim economic thought, as well as literary genres such as political economics, which emerged as a result of the changes in the 19th century, when breaches from the Islamic science tradition were experienced. takes. The course ultimately includes the discussion by revealing the fundamental differences between classical and contemporary types of literature in terms of concepts, methods and themes discussed.

Course Learning Outcomes

  1. To provide students with a general understanding and knowledge about the sources and literatures written in classical period on Islamic economics.
  2. To provide students with a general understanding and knowledge about the sources and literatures written in contemporary period on Islamic economics.
  3. To provide students with a general understanding and knowledge about the differences between sources and literatures written in classical and contemporary period on Islamic economics in terms of concepts, methodology and themes.

Core Area Distribution

(22) Humanities%60 (34) Business and Administration%40

Teaching Methods

ExpressionQuestion-AnswerDiscussionPresentation

Assessment & Evaluation

HomeworkTesting (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
Assignment11111
Practice000
Final188

Course Schedule

WeekSubjectPreparation
1Shari'ah Rulings and Practices about Economic Matters in the time of the Holy Prophet (saw) and Rightly Guided Caliphs IHasanuzzaman, Economic Functions of an Islamic State, Chapter I.
2Shari'ah Rulings and Practices about Economic Matters in the time of the Holy Prophet (saw) and Rightly Guided Caliphs IIHasanuzzaman, Economic Functions of an Islamic State, Chapter II.
3Shari'ah Rulings and Practices about Economic Matters in the time of the Holy Prophet (saw) and Rightly Guided Caliphs IIIHasanuzzaman, Economic Functions of an Islamic State, Chapter III.
4Islamic economic literatures, their scope and historyOrman, S. (1997). Sources of the History of Islamic Economic Thought. Al-Shajarah: Journal of the International Institute of Islamic Thought and Civilization, Vol. 2, No. 1
5Fiqh literatureLecture Notes, relevant chapter.
6Tafseer ve Hadith LiteraturesLecture Notes, relevant chapter
7Kharâj and Amwâl literaturesLecture Notes, relevant chapters
8Midterm ExamMidterm Exam
9Kasb and Adab literatureLecture Notes, relevant chapter
10Hisbah and Nuqûd literaturesLecture Notes, relevant chapter
11Ahkâm al-Sultaniyyah and Siyâsatnâme literaturesLecture Notes, relevant chapters
12Farâidh and Waqf literatures; Independent Works ILecture Notes, relevant chapter.
13Independent Works II; changes and transformations in 19th century and ilm-i servet literatureLecture Notes, relevant chapter.
14Islamic Economics and Islamic Finance literaturesLecture Notes, relevant chapters.
15Comparison between classical and contemporary Islamic economic literaturesLecture Notes, relevant chapter
16Final ExamFinal Exam