About the Program
-It consists of seven courses (3 hours per week), graduate seminar, and thesis study (120 ECTS total). The normal duration of this program is 4 semesters; the maximum duration is 6 semesters.
- Students, who completed course phase, submit a thesis proposal with the thesis form to the Institute, before starting their theses. After their proposals approved by the Institute, they can start their theses.
- Students enrolled in thesis master programs in the Institute of Social Sciences must fulfill the following conditions before their graduation.
The student who is enrolled in a graduate program must fulfill at least one of the following conditions in order to graduate.
- Two papers presented at national or international scientific meetings,
- An article published in a peer-reviewed/ indexed journal, accepted for publication, or received a DOI number,
- Two papers presented at Social / Science symposiums organized by IZU.
Program Objectives & Goals
Objectives
- The aim of this program is to contribute to the development of the theory of economics and finance from a moral and legal point of Islam and to the establishment of a unique moral and economic system and financial system.
- The main aim of the Islamic Economy and Finance (English) graduate programs thesis / without thesis is to provide the students with the knowledge of Islamic economics, interest-free banking, comparative studies of conventional and Islamic banks, economic relations between Islamic countries, access to information through scientific research in the history of Islamic economics and philosophy, gain the ability of information evaluation and interpretation, gain information from participation banking subjects, and how to use it.
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
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,
-Get at least 55 points from ALES (SÖZ-EA-SAY point type),
-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
Completing the courses successfully, with a GPA at 2.50 or above, an and being successful in the thesis examination; For the student who submitted at least two copies of the bound thesis to the Institute within one month from the date of entrance to the thesis examination and whose theses endorsed by the format shall be granted by a graduate diploma.
Employment Opportunities
A student who successfully completes the program can apply for a doctorate degree in the field of Islamic Economics and Finance or other branches of science accepting students from this area.
Access to Further Studies
The students graduating from this program may apply to Doctorate Degree (third cycle) programs.
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 502 | Islamic Commercial Law | Compulsory | English | 3 | 0 | 0 | 3 | 6 | 3 |
| 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 |
| 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 509 | Islamic Law Methodology | 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 521 | Credit Analysis | Departmental Elective | English | 3 | 0 | 0 | 3 | 6 | 3 |
| IEC 525 | Applied Time Series Econometrics | Departmental Elective | English | 3 | 0 | 0 | 3 | 6 | 3 |
| IEC 527 | Takaful | Departmental Elective | English | 3 | 0 | 0 | 3 | 6 | 3 |
| IEC 529 | Accounting for Islamic Finance Institutions | Departmental Elective | English | 3 | 0 | 0 | 3 | 6 | 3 |
| IEC 531 | Mathematical Methods for Islamic Economics and Finance | Departmental Elective | English | 3 | 0 | 0 | 3 | 6 | 3 |
| IEC 535 | Economies of Islamic Countries | Departmental Elective | English | 3 | 0 | 0 | 3 | 6 | 3 |
| IEC 537 | Economic and Financial History of the Ottoman State | Departmental Elective | English | 3 | 0 | 0 | 3 | 6 | 3 |
| IEC 541 | Participation Banking Marketing | Departmental Elective | English | 3 | 0 | 0 | 3 | 6 | 3 |
| IEC 547 | Economics and Finance Theory | Departmental Elective | English | 3 | 0 | 0 | 3 | 6 | 3 |
| IEC 549 | Non-Interest Financial Institutions and Instruments | Departmental Elective | English | 3 | 0 | 0 | 3 | 6 | 3 |
| IEC 552 | Islamic Capital Markets | Departmental Elective | English | 3 | 0 | 0 | 3 | 6 | 3 |
| IEC 553 | Advanced Microeconomics | Departmental Elective | English | 3 | 0 | 0 | 3 | 6 | 3 |
| IEC 555 | Takaful | Departmental Elective | English | 3 | 0 | 0 | 3 | 6 | 3 |
| IEC 559 | Accounting for Islamic Finance Institutions | Departmental Elective | English | 3 | 0 | 0 | 3 | 6 | 3 |
| IEC 561 | Islamic Social Finance | Departmental Elective | English | 3 | 0 | 0 | 3 | 6 | 3 |
| IEC 563 | International Economics | Departmental Elective | English | 3 | 0 | 0 | 3 | 6 | 3 |
| IEC 565 | Ottoman Money Foundations | Departmental Elective | English | 3 | 0 | 0 | 3 | 6 | 3 |
| IEC 567 | History of Finance and Businees Partnerships | Departmental Elective | English | 3 | 0 | 0 | 3 | 6 | 3 |
| IEC 569 | Social Responsibility and Ethics in Management | Departmental Elective | English | 3 | 0 | 0 | 3 | 6 | 3 |
| IEC 571 | Economies of Islamic Countries | Departmental Elective | English | 3 | 0 | 0 | 3 | 6 | 3 |
| Total: | 69 | 0 | 0 | 69 | 138,0 | 69,0 | |||
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 501 | Graduate Seminar | Compulsory | English | 2 | 0 | 0 | 2 | 6 | 2 |
| 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 |
| Total: | 14 | 0 | 0 | 14 | 30,0 | 14,0 | |||
2nd Semester Elective Courses
| Code | Course Name | Type | Language of Instruction | T | P | L | H | ECTS | Cr. |
|---|---|---|---|---|---|---|---|---|---|
| IEC 504 | International Finance | Departmental Elective | English | 3 | 0 | 0 | 3 | 6 | 3 |
| IEC 506 | Corporate Finance | Departmental Elective | English | 3 | 0 | 0 | 3 | 6 | 3 |
| IEC 518 | Modern Economic Systems and Islamic Economics | 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 538 | Economic Policy | Departmental Elective | English | 3 | 0 | 0 | 3 | 6 | 3 |
| IEC 548 | Economics and Finance Theory | Departmental Elective | English | 3 | 0 | 0 | 3 | 6 | 3 |
| IEC 550 | International Islamic Finance Institutions | Departmental Elective | English | 3 | 0 | 0 | 3 | 6 | 3 |
| IEC 551 | Risk Management in Islamic Finance Institutions | Departmental Elective | English | 3 | 0 | 0 | 3 | 6 | 3 |
| IEC 554 | Advanced Macroeconomics | Departmental Elective | English | 3 | 0 | 0 | 3 | 6 | 3 |
| IEC 556 | Applied Time Series Econometrics | Departmental Elective | English | 3 | 0 | 0 | 3 | 6 | 3 |
| IEC 557 | Applied Panel Data and Horizontal Cross Section Econometrics | Departmental Elective | English | 3 | 0 | 0 | 3 | 6 | 3 |
| IEC 558 | Mathematical Methods for Islamic Economics and Finance | Departmental Elective | English | 3 | 0 | 0 | 3 | 6 | 3 |
| IEC 560 | Selected Topics in Islamic Economics and Finance | Departmental Elective | English | 3 | 0 | 0 | 3 | 6 | 3 |
| IEC 562 | Islamic Economic Analysis | Departmental Elective | English | 3 | 0 | 0 | 3 | 6 | 3 |
| IEC 564 | Fiqh and Contemporary Financial Transactions | Departmental Elective | English | 3 | 0 | 0 | 3 | 6 | 3 |
| IEC 566 | Ottoman Economics and Finance | Departmental Elective | English | 3 | 0 | 0 | 3 | 6 | 3 |
| IEC 568 | Turkish Economy | Departmental Elective | English | 3 | 0 | 0 | 3 | 6 | 3 |
| IEC 570 | Participation Banking in Turkey | Departmental Elective | English | 3 | 0 | 0 | 3 | 6 | 3 |
| Total: | 54 | 0 | 0 | 54 | 108,0 | 54,0 | |||
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 500 | Master's Thesis | Compulsory | English | 0 | 0 | 0 | 0 | 30 | 0 |
| Total: | 0 | 0 | 0 | 0 | 30,0 | 0,0 | |||
4th 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 599 | Master Thesis | Compulsory | English | 0 | 0 | 0 | 0 | 30 | 0 |
| Total: | 0 | 0 | 0 | 0 | 30,0 | 0,0 | |||
Course Load Summary
| Course Load Summary | T | P | L | H | ECTS | Cr. |
|---|---|---|---|---|---|---|
| Grand Total (Number of Courses: 12) | 29 | 0 | 0 | 29 | 120,0 | 29,0 |
| Compulsory Course Total (Number of Courses: 8) | 17 | 0 | 0 | 17 | 96,0 | 17,0 |
| Elective Course Total (Number of Courses: 4) | 12 | 0 | 0 | 12 | 24,0 | 12,0 |
| Course Type | Number of Courses | Ratio (%) |
|---|---|---|
| Zorunlu Ders | 8 | 66,67 |
| Seçmeli Ders | 4 | 33,33 |
| Bölüm Dışı Seçmeli Ders | 0 | 0,00 |
T: Theory, P: Practice, L: Laboratory, WCH: Weekly Course Hours, ECTS: European Credit Transfer System, Cr.: Credit