Institute of Social Sciences · Islamic Economics and Finance (English) · Master
ECTS: 6 T+P+L: 3+0+0 Compulsory
Coordinator: Prof. Dr. Burhan ULUYOL
Course Objective
This course familiarises the students with the Islamic Banking, Islamic capital market, Islamic money market, takaful and other special topics in Islamic Finance. This would enable students to apply the knowledge that they get from this course in making economic decisions as well as assisting them to comprehend and evaluate the current economic situations.
Course Content
The objectives of this course are:
1.To enable students to understand the operations of Islamic banks;
2.To examine the various structures of sukuk and Islamic equities;
3.To compare the conventional and Islamic insurances;
4. To Familiarize with the other components of Islamic finance;
Course Learning Outcomes
- To enable students to understand the operations of Islamic banks;
- To examine the various structures of sukuk and Islamic equities;
- To compare the conventional and Islamic insurances;
- To Familiarize with the other components of Islamic finance;
Core Area Distribution
(34) Business and Administration%70 (46) Mathematics and Statistics%30
Teaching Methods
Question-AnswerDiscussionPresentationGroup StudyCase StudySelf studyProblem Solving
Assessment & Evaluation
HomeworkPerformance Assignment ( Lab / Workshop / Field Work / Seminar / Presentation / Completion Study / ThesisProject / DesignTesting (Essay / Tests: True-Falls, multiple-choice, short answer, matching)
ECTS / Workload
| Activity | Quantity | Duration (h) | Total Workload |
|---|---|---|---|
| Course Duration (Including Exam Week) | 16 | 3 | 48 |
| Out of Class Study Period | 16 | 5 | 80 |
| Midterm | 1 | 1 | 1 |
| Quiz | 0 | 0 | 0 |
| Assignment | 2 | 30 | 60 |
| Practice | 0 | 0 | 0 |
| Final | 1 | 2 | 2 |
Course Schedule
| Week | Subject | Preparation |
|---|---|---|
| 1 | Classical Islamic finance partnership contracts | |
| 2 | Shariah, regulatory and Legal Framework for Islamic Finance | |
| 3 | Islamic Financial instruments | |
| 4 | Islamic Banking Operations 1 | |
| 5 | Islamic Banking Operations 2 | |
| 6 | Islamic Money Markets (IIM) | |
| 7 | Mid-Term Examination | |
| 8 | Islamic Capital Market (Debt Instruments) 1 | |
| 9 | Islamic Capital Market (Debt Instruments) 2 | |
| 10 | Islamic Capital Market (Debt Instruments) 3 | |
| 11 | Islamic Capital Market (Equity Instruments) 1 | |
| 12 | Islamic Capital Market (Equity Instruments) 2 | |
| 13 | Non-Banking Financial Institutions | |
| 14 | The important trends of empirical studies in Islamic Finance | |
| 15 | Class presentations | |
| 16 | Final Exam |