About the Program
It consists of ten courses (3 hours per week) and master's project work (Total 90 ECTS). The normal duration of this program is 2 semesters, the maximum duration is 3 semesters.
Program Learning Outcomes
KNOWLEDGE
- Having knowledge about Islamic moral understanding at academic level
- Having sufficient knowledge about basic concepts and methodology of Islamic law
- Having enough knowledge about Islamic commercial law
- Having enough knowledge and skills about economics and finance
- Ability to follow current developments in the global economy in the field of economics and finance
SKILL
- To be able to make interdisciplinary academic studies between basic Islamic sciences and economics-finance sciences
- Explanation and interpretation of new developments in economics and finance, from the perspective of Islamic morality and law
- To be able to develop unique mechanisms and products in accordance with Islamic principles in the financial system
- Ability to use the necessary information technologies
COMPETENCE
- To comply with ethical rules in the fields in which they are employed and in economic-commercial activities
- Having an understanding of the rights and benefits of all stakeholders of institutions
- Ability to give academic work in at least one foreign language
- Having knowledge about Islamic moral understanding at academic level
- Having sufficient knowledge about basic concepts and methodology of Islamic law
- Having enough knowledge about Islamic commercial law
- Having enough knowledge and skills about economics and finance
- Ability to follow current developments in the global economy in the field of economics and finance
- To be able to make interdisciplinary academic studies between basic Islamic sciences and economics-finance sciences
- Explanation and interpretation of new developments in economics and finance, from the perspective of Islamic morality and law
- To be able to develop unique mechanisms and products in accordance with Islamic principles in the financial system
- To comply with ethical rules in the fields in which they are employed and in economic-commercial activities
- Having an understanding of the rights and benefits of all stakeholders of institutions
- Ability to give academic work in at least one foreign language
- Ability to use the necessary information technologies
Relationship Between Programme Learning Outcomes and Objectives
| KNOWLEDGE | OBJECTIVE | T | % | ||
|---|---|---|---|---|---|
| Theoretical / Conceptual | O1 | O2 | |||
| 1 | Having knowledge about Islamic moral understanding at academic level | 5 VH ✔ | 5 VH ✔ | 10 | %100,00 |
| 2 | Having sufficient knowledge about basic concepts and methodology of Islamic law | 5 VH ✔ | 5 VH ✔ | 10 | %100,00 |
| 3 | Having enough knowledge about Islamic commercial law | 5 VH ✔ | 5 VH ✔ | 10 | %100,00 |
| 4 | Having enough knowledge and skills about economics and finance | 5 VH ✔ | 5 VH ✔ | 10 | %100,00 |
| 5 | Ability to follow current developments in the global economy in the field of economics and finance | 5 VH ✔ | 5 VH ✔ | 10 | %100,00 |
| SKILL | OBJECTIVE | T | % | ||
| Cognitive / Pratical | O1 | O2 | |||
| 1 | To be able to make interdisciplinary academic studies between basic Islamic sciences and economics-finance sciences | 5 VH ✔ | 5 VH ✔ | 10 | %100,00 |
| 2 | Explanation and interpretation of new developments in economics and finance, from the perspective of Islamic morality and law | 5 VH ✔ | 5 VH ✔ | 10 | %100,00 |
| 3 | To be able to develop unique mechanisms and products in accordance with Islamic principles in the financial system | 5 VH ✔ | 5 VH ✔ | 10 | %100,00 |
| 4 | Ability to use the necessary information technologies | 5 VH ✔ | 5 VH ✔ | 10 | %100,00 |
| COMPETENCE | OBJECTIVE | T | % | ||
| Communication and Social Competence | O1 | O2 | |||
| 1 | To comply with ethical rules in the fields in which they are employed and in economic-commercial activities | 5 VH ✔ | 5 VH ✔ | 10 | %100,00 |
| 2 | Having an understanding of the rights and benefits of all stakeholders of institutions | 5 VH ✔ | 5 VH ✔ | 10 | %100,00 |
| Learning Competence | O1 | O2 | |||
| 1 | Ability to give academic work in at least one foreign language | 5 VH ✔ | 5 VH ✔ | 10 | %100,00 |
| NUMBER OF PROGRAMME LEARNING OUTCOMES (12) | 12 | 12 | - | - | |
| WEIGHT | 60 | 60 | - | - | |
| PERCENTAGE | %100,00 | %100,00 | - | - | |
| CONTRIBUTION LEVEL - VERY HIGH [5] (VH) | 12 | 12 | |||
* T: Total, %: Percentage
O1 —
O2 —
Contribution Level: 5 = Very High
Contribution Level: VH = Very High
Contribution Level: ✔ = Has contribution
Teaching Methods
The most frequently used Instructional Methods of the educational programs of Istanbul Sabahattin Zaim University are given below.
- Expression
- Question-Answer
- Discussion
- Exercise and Practice
- Presentation
- Guided Practice
- Role Playing
- Group Study
- Simulation
- Brain Storming
- Six Hat
- Case Study
- Experiment - Test / Lab/ Workshop / Field Practice
- Self study
- Problem Solving
- Project Based Learning (Including Field Work)
Assessment Methods
The most frequently used Evaluation Methods of the educational programs of Istanbul Sabahattin Zaim University are given below.
- Testing (Essay / Tests: True-Falls, multiple-choice, short answer, matching)
- Oral Exam
- Homework
- Project / Design
- Portfolio
- Performance Assignment ( Lab / Workshop / Field Work / Seminar / Presentation / Completion Study / Thesis
Degree and Level Awarded
When the program is successfully completed and program qualifications are provided, the degree of Master of Science in Islamic Economics and Finance is achieved.
Admission Requirements
-Having a bachelor's degree,
-ALES score requirement is not required for applying to the graduate program without thesis.
-To get a score of at least 70 from YDS or YÖKDİL (English), or from the foreign language (English) exams accepted as equivalent by ÖSYM or To get at least 70 points from the English Language Proficiency Exam to be made by IZU.
-The courses of this program are given in İstanbul Sabahattin Zaim University Halkalı campus. In case of sufficient number of applications, the courses can be given in Altunizade campus.
Graduation Requirements
Students who successfully completed the courses, with a 2.50 and above GPA shall granted a diploma for non-thesis master’s program.
Access to Further Studies
The students graduating from this program may apply to Doctorate Degree (third cycle) programs.
2019-2020
Study Plan
1th Semester
Number of Compulsory Courses: 5 Number of Elective Courses: 0
| Code | Course Name | Type | Language of Instruction | T | P | L | H | ECTS | Cr. |
|---|---|---|---|---|---|---|---|---|---|
| IEC 505 | Islamic Economy | Compulsory | English | 3 | 0 | 0 | 3 | 6 | 3 |
| IEC 597 | Scientific Research Methods | Compulsory | English | 3 | 0 | 0 | 3 | 6 | 3 |
| BLS 001 | Departmental Elective Course | Departmental Elective | English | 3 | 0 | 0 | 3 | 6 | 3 |
| BLS 002 | Departmental Elective Course | Departmental Elective | English | 3 | 0 | 0 | 3 | 6 | 3 |
| BLS 003 | Departmental Elective Course | Departmental Elective | English | 3 | 0 | 0 | 3 | 6 | 3 |
| Total: | 15 | 0 | 0 | 15 | 30,0 | 15,0 | |||
1th Semester Elective Courses
| Code | Course Name | Type | Language of Instruction | T | P | L | H | ECTS | Cr. |
|---|---|---|---|---|---|---|---|---|---|
| IEC 507 | Islamic Economic Thought and History | Departmental Elective | English | 3 | 0 | 0 | 3 | 6 | 3 |
| IEC 523 | Advanced Microeconomics | Departmental Elective | English | 3 | 0 | 0 | 3 | 7.5 | 3 |
| IEC 525 | Applied Time Series Econometrics | Departmental Elective | English | 3 | 0 | 0 | 3 | 7.5 | 3 |
| IEC 527 | Takaful | Departmental Elective | English | 3 | 0 | 0 | 3 | 7.5 | 3 |
| IEC 529 | Accounting for Islamic Finance Institutions | Departmental Elective | English | 3 | 0 | 0 | 3 | 7.5 | 3 |
| IEC 531 | Mathematical Methods for Islamic Economics and Finance | Departmental Elective | English | 3 | 0 | 0 | 3 | 7.5 | 3 |
| IEC 533 | Economic and Financial History of the Ottoman Empire | Departmental Elective | English | 3 | 0 | 0 | 3 | 7.5 | 3 |
| Total: | 21 | 0 | 0 | 21 | 51,0 | 21,0 | |||
2nd Semester
Number of Compulsory Courses: 5 Number of Elective Courses: 0
| Code | Course Name | Type | Language of Instruction | T | P | L | H | ECTS | Cr. |
|---|---|---|---|---|---|---|---|---|---|
| IEC 510 | Islamic Finance | Compulsory | English | 3 | 0 | 0 | 3 | 6 | 3 |
| IEC 526 | Islamic Law Principles | Compulsory | English | 3 | 0 | 0 | 3 | 6 | 3 |
| BLS 001 | Departmental Elective Course | Departmental Elective | English | 3 | 0 | 0 | 3 | 6 | 3 |
| BLS 002 | Departmental Elective Course | Departmental Elective | English | 3 | 0 | 0 | 3 | 6 | 3 |
| BLS 003 | Departmental Elective Course | Departmental Elective | English | 3 | 0 | 0 | 3 | 6 | 3 |
| Total: | 15 | 0 | 0 | 15 | 30,0 | 15,0 | |||
2nd Semester Elective Courses
| Code | Course Name | Type | Language of Instruction | T | P | L | H | ECTS | Cr. |
|---|---|---|---|---|---|---|---|---|---|
| IEC 502 | Islamic Commercial Law | Departmental Elective | English | 3 | 0 | 0 | 3 | 6 | 3 |
| IEC 509 | Islamic Law Methodology | Departmental Elective | English | 3 | 0 | 0 | 3 | 6 | 3 |
| IEC 514 | Islamic Capital Markets | Departmental Elective | English | 3 | 0 | 0 | 3 | 6 | 3 |
| IEC 516 | Comparative Conventional and Interest-free Banking | Departmental Elective | English | 3 | 0 | 0 | 3 | 6 | 3 |
| IEC 520 | Advanced Microeconomics | Departmental Elective | English | 3 | 0 | 0 | 3 | 6 | 3 |
| IEC 522 | Risk Management for Islamic Finance Institutions | Departmental Elective | English | 3 | 0 | 0 | 3 | 6 | 3 |
| IEC 524 | Applied Panel Data and Horizontal Cross Section Econometrics | Departmental Elective | English | 3 | 0 | 0 | 3 | 6 | 3 |
| IEC 526 | Islamic Law Principles | Departmental Elective | English | 3 | 0 | 0 | 3 | 6 | 3 |
| IEC 528 | Advanced Topics in Islamic Economics | Departmental Elective | English | 3 | 0 | 0 | 3 | 6 | 3 |
| IEC 530 | Advanced Topics in Islamic Finance | Departmental Elective | English | 3 | 0 | 0 | 3 | 6 | 3 |
| IEC 532 | Social Responsibility and Ethics in Management | Departmental Elective | English | 3 | 0 | 0 | 3 | 6 | 3 |
| Total: | 33 | 0 | 0 | 33 | 66,0 | 33,0 | |||
3rd Semester
Number of Compulsory Courses: 1 Number of Elective Courses: 0
| Code | Course Name | Type | Language of Instruction | T | P | L | H | ECTS | Cr. |
|---|---|---|---|---|---|---|---|---|---|
| IEC 503 | Master's Project | Project | English | 0 | 0 | 0 | 0 | 15 | 0 |
| Total: | 0 | 0 | 0 | 0 | 15,0 | 0,0 | |||
Course Load Summary
| Course Load Summary | T | P | L | H | ECTS | Cr. |
|---|---|---|---|---|---|---|
| Grand Total (Number of Courses: 11) | 30 | 0 | 0 | 30 | 75,0 | 30,0 |
| Compulsory Course Total (Number of Courses: 4) | 12 | 0 | 0 | 12 | 24,0 | 12,0 |
| Elective Course Total (Number of Courses: 6) | 18 | 0 | 0 | 18 | 36,0 | 18,0 |
| Course Type | Number of Courses | Ratio (%) |
|---|---|---|
| Zorunlu Ders | 4 | 36,36 |
| Seçmeli Ders | 6 | 54,55 |
| Bölüm Dışı Seçmeli Ders | 0 | 0,00 |
T: Theory, P: Practice, L: Laboratory, WCH: Weekly Course Hours, ECTS: European Credit Transfer System, Cr.: Credit