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 sufficient knowledge about the basic concepts and algorithm of Islamic law ● Having knowledge about Islamic morality ● Having sufficient knowledge about Islamic commercial law ● Having sufficient knowledge and skills about economics and finance science ● A comparative perspective with students in need of infrastructure regarding Islamic Economic Theory, the economies of Muslim countries and interest relations, the history of Muslim Economic thought and the history of Islamic Economics.
SKILL
- ● Ability to conduct interdisciplinary academic studies between basic Islamic sciences and economics-financial sciences ● New developments in the field of economics and finance are explained and interpreted at a basic level from the perspective of Islamic law and ethics. ● Ability to develop original mechanisms and products in accordance with Islamic principles in the financial system ● To enable them to analyze qualitative and quantitative data and interpret them comprehensively.
COMPETENCE
- Having the competence to conduct qualitative and quantitative research in terms of sources, methods and terminology in the field of Islamic economics and finance.
- ● Having sufficient knowledge about the basic concepts and algorithm of Islamic law ● Having knowledge about Islamic morality ● Having sufficient knowledge about Islamic commercial law ● Having sufficient knowledge and skills about economics and finance science ● A comparative perspective with students in need of infrastructure regarding Islamic Economic Theory, the economies of Muslim countries and interest relations, the history of Muslim Economic thought and the history of Islamic Economics.
- ● Ability to conduct interdisciplinary academic studies between basic Islamic sciences and economics-financial sciences ● New developments in the field of economics and finance are explained and interpreted at a basic level from the perspective of Islamic law and ethics. ● Ability to develop original mechanisms and products in accordance with Islamic principles in the financial system ● To enable them to analyze qualitative and quantitative data and interpret them comprehensively.
- Having the competence to conduct qualitative and quantitative research in terms of sources, methods and terminology in the field of Islamic economics and finance.
Teaching Methods
- Lecture / Direct Instruction
Question and Answer (Q&A)
Discussion
Drill and Practice / Exercise and Application
Demonstration
Demonstration and Practice
Role Playing
Group Work / Teamwork
Simulation
Brainstorming
Six Thinking Hats
Case Study
Experiment / Laboratory / Workshop / Field Application
Individual Work / Independent Study
Problem Solving
Project-Based Learning (Including field work)
Assessment Methods
Exam (Written Exam / Test: True-False Test, Multiple-Choice Test, Short-Answer Test, Matching Test)
Oral Exam
Assignment / Homework
Project / Design
Portfolio
Performance Task (Application / Laboratory / Workshop / Field Work / Seminar / Presentation / Graduation Project / Thesis)
Degree and Level Awarded
Students who successfully complete the Non-Thesis Master's Program in Islamic Economics and Law are entitled to receive a non-thesis master's diploma and degree.
Admission Requirements
To hold a bachelor's degree.
To obtain a score of at least 70 from the YDS / YÖKDİL (Arabic) exams, or a score of at least 80 from the IZU School of Foreign Languages (YDY) exam.
Graduation Requirements
It consists of ten courses (3 hours per week) and masters project work (Total 90 ECTS). The normal duration of this program is 2 semesters, the maximum duration is 3 semesters.
Recognition of Prior Learning
Registered students may apply for an exemption from courses previously taken at the master's level that are included in the curriculum of the Islamic Economics and Law Master's Program. The applications in question are evaluated by the Department.
Employment Opportunities
Graduates of the Islamic Economics and Law Master's Program can work in relevant institutions within both the public and private sectors. Students graduating from this program can also find employment opportunities in academic institutions related to the field. These institutions include both national and international universities as well as research organizations. Currently, in Turkey, there are Islamic economics and finance programs available at the undergraduate level in 2 universities and at the graduate level in 13 universities.
Another field where our graduates can be employed is private sector institutions and companies. They can work in domestic and international companies operating within Islamic principles across various sectors, and they can also find employment opportunities in participation banks, participation (takaful) insurance companies, savings-based finance companies, and participation portfolio management companies. Currently, 6 participation banks operate in Turkey with 1,207 branches and a 6.3% market share. In addition, the share of participation insurance companies within the insurance sector has reached 4.3%. In the steadily growing savings-based finance sector, more than 30 companies are actively operating.
Access to Further Studies
Students who were enrolled in or graduated from non-thesis master's programs before June 2, 2013, are eligible to apply for doctoral (PhD) programs.
Study Plan
1th Semester
Number of Compulsory Courses: 3 Number of Elective Courses: 0
| Code | Course Name | Type | Language of Instruction | T | P | L | H | ECTS | Cr. |
|---|---|---|---|---|---|---|---|---|---|
| İİH 543 | Islamic Economy | Compulsory | Arabic | 3 | 0 | 0 | 3 | 7.5 | 3 |
| İİH 597 | Scientific Research Methods | Compulsory | Arabic | 3 | 0 | 0 | 3 | 7.5 | 3 |
| İİH 561 | Islamic Social Finance | Departmental Elective | Arabic | 3 | 0 | 0 | 3 | 7.5 | 3 |
| Total: | 9 | 0 | 0 | 9 | 22,5 | 9,0 | |||
1th Semester Elective Courses
| Code | Course Name | Type | Language of Instruction | T | P | L | H | ECTS | Cr. |
|---|---|---|---|---|---|---|---|---|---|
| İİH 531 | Islamic Economic Thought and History | Departmental Elective | Arabic | 3 | 0 | 0 | 3 | 7.5 | 3 |
| İİH 535 | International Islamic Banking | Departmental Elective | Arabic | 3 | 0 | 0 | 3 | 7.5 | 3 |
| İİH 537 | Methodology of Islamic Law | Departmental Elective | Arabic | 3 | 0 | 0 | 3 | 7.5 | 3 |
| İİH 539 | Credit Analysis | Departmental Elective | Arabic | 3 | 0 | 0 | 3 | 7.5 | 3 |
| İİH 541 | Participation Banking Marketing | Departmental Elective | Arabic | 3 | 0 | 0 | 3 | 7.5 | 3 |
| İİH 545 | Corporate Finance | Departmental Elective | Arabic | 3 | 0 | 0 | 3 | 7.5 | 3 |
| İİH 548 | Economics and Finance Theory | Departmental Elective | Arabic | 3 | 0 | 0 | 3 | 7.5 | 3 |
| İİH 549 | Non-Interest Financial Institutions and Instruments | Departmental Elective | Arabic | 3 | 0 | 0 | 3 | 7.5 | 3 |
| İİH 551 | Risk Management in Islamic Finance Institutions | Departmental Elective | Arabic | 3 | 0 | 0 | 3 | 7.5 | 3 |
| İİH 553 | Advanced Microeconomics | Departmental Elective | Arabic | 3 | 0 | 0 | 3 | 7.5 | 3 |
| İİH 555 | Takaful | Departmental Elective | Arabic | 3 | 0 | 0 | 3 | 7.5 | 3 |
| İİH 557 | Applied Panel Data and Horizontal Section Econometrics | Departmental Elective | Arabic | 3 | 0 | 0 | 3 | 7.5 | 3 |
| İİH 559 | Accounting for Islamic Financial Institutions | Departmental Elective | Arabic | 3 | 0 | 0 | 3 | 7.5 | 3 |
| İİH 563 | International Economics | Departmental Elective | Arabic | 3 | 0 | 0 | 3 | 7.5 | 3 |
| İİH 565 | Ottoman Money Foundations | Departmental Elective | Arabic | 3 | 0 | 0 | 3 | 7.5 | 3 |
| İİH 567 | History of Finance and Business Partnerships | Departmental Elective | Arabic | 3 | 0 | 0 | 3 | 7.5 | 3 |
| İİH 569 | Social Responsibility and Ethics in Management | Departmental Elective | Arabic | 3 | 0 | 0 | 3 | 7.5 | 3 |
| İİH 571 | Economies of Islamic Countries | Departmental Elective | Arabic | 3 | 0 | 0 | 3 | 7.5 | 3 |
| Total: | 54 | 0 | 0 | 54 | 135,0 | 54,0 | |||
2nd Semester
Number of Compulsory Courses: 6 Number of Elective Courses: 0
| Code | Course Name | Type | Language of Instruction | T | P | L | H | ECTS | Cr. |
|---|---|---|---|---|---|---|---|---|---|
| İİH 544 | Islamic Finance | Compulsory | Arabic | 3 | 0 | 0 | 3 | 7.5 | 3 |
| İİH 546 | Principles of Islamic Law | Compulsory | Arabic | 3 | 0 | 0 | 3 | 7.5 | 3 |
| BLS 001 | Departmental Elective Course | Departmental Elective | Arabic | 3 | 0 | 0 | 3 | 7.5 | 3 |
| BLS 002 | Departmental Elective Course | Departmental Elective | Arabic | 3 | 0 | 0 | 3 | 7.5 | 3 |
| BLS 003 | Departmental Elective Course | Departmental Elective | Arabic | 3 | 0 | 0 | 3 | 7.5 | 3 |
| İİH 538 | Economic Policy | Departmental Elective | Arabic | 3 | 0 | 0 | 3 | 7.5 | 3 |
| Total: | 18 | 0 | 0 | 18 | 45,0 | 18,0 | |||
2nd Semester Elective Courses
| Code | Course Name | Type | Language of Instruction | T | P | L | H | ECTS | Cr. |
|---|---|---|---|---|---|---|---|---|---|
| İİH 504 | International Finance | Departmental Elective | Arabic | 3 | 0 | 0 | 3 | 7.5 | 3 |
| İİH 528 | Comparative Conventional and Interest-free Banking | Departmental Elective | Arabic | 3 | 0 | 0 | 3 | 7.5 | 3 |
| İİH 540 | Financial management | Departmental Elective | Arabic | 3 | 0 | 0 | 3 | 7.5 | 3 |
| İİH 542 | Modern Economic Systems and Islamic Economics | Departmental Elective | Arabic | 3 | 0 | 0 | 3 | 7.5 | 3 |
| İİH 550 | International Islamic Finance Institutions | Departmental Elective | Arabic | 3 | 0 | 0 | 3 | 7.5 | 3 |
| İİH 552 | Islamic Capital Markets | Departmental Elective | Arabic | 3 | 0 | 0 | 3 | 7.5 | 3 |
| İİH 554 | Advanced Macroeconomics | Departmental Elective | Arabic | 3 | 0 | 0 | 3 | 7.5 | 3 |
| İİH 556 | Applied Time Series Econometrics | Departmental Elective | Arabic | 3 | 0 | 0 | 3 | 7.5 | 3 |
| İİH 558 | Mathematical Method for Islamic Economics and Finance | Departmental Elective | Arabic | 3 | 0 | 0 | 3 | 7.5 | 3 |
| İİH 560 | Selected Topics in Islamic Economics and Finance | Departmental Elective | Arabic | 3 | 0 | 0 | 3 | 7.5 | 3 |
| İİH 562 | Islamic Economics Analysis | Departmental Elective | Arabic | 3 | 0 | 0 | 3 | 7.5 | 3 |
| İİH 564 | Fiqh and Contemporary Financial Transactions | Departmental Elective | Arabic | 3 | 0 | 0 | 3 | 7.5 | 3 |
| İİH 566 | Ottoman Economics and Finance | Departmental Elective | Arabic | 3 | 0 | 0 | 3 | 7.5 | 3 |
| İİH 568 | Turkish economy | Departmental Elective | Arabic | 3 | 0 | 0 | 3 | 7.5 | 3 |
| İİH 570 | Participation Banking in Turkey | Departmental Elective | Arabic | 3 | 0 | 0 | 3 | 7.5 | 3 |
| Total: | 45 | 0 | 0 | 45 | 112,5 | 45,0 | |||
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. |
|---|---|---|---|---|---|---|---|---|---|
| İİH 503 | Master's Project | Project | Arabic | 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: 10) | 27 | 0 | 0 | 27 | 97,5 | 27,0 |
| Compulsory Course Total (Number of Courses: 4) | 12 | 0 | 0 | 12 | 30,0 | 12,0 |
| Elective Course Total (Number of Courses: 5) | 15 | 0 | 0 | 15 | 37,5 | 15,0 |
| Course Type | Number of Courses | Ratio (%) |
|---|---|---|
| Zorunlu Ders | 4 | 40,00 |
| Seçmeli Ders | 5 | 50,00 |
| Bölüm Dışı Seçmeli Ders | 0 | 0,00 |
T: Theory, P: Practice, L: Laboratory, WCH: Weekly Course Hours, ECTS: European Credit Transfer System, Cr.: Credit
Core Area Distribution
| Core Area | Total ECTS | Ratio (%) |
|---|---|---|
| Business and Administration | 7.5 | 50% |
| Business and Administration | 7.5 | 50% |
Course Category List
Compulsory Courses
| Course | ECTS | Ratio (%) |
|---|---|---|
| İİH 543 - Islamic Economy | 7.5 | |
| 34 - Business and Administration | %100 |
Elective Courses
| Course | ECTS | Ratio (%) |
|---|---|---|
| İİH 548 - Economics and Finance Theory | 7.5 | |
| 34 - Business and Administration | %100 |
ashraf.dawaba@izu.edu.tr 0212 692 88 49 
el.habib@izu.edu.tr 0212 692 98 65 
ensari.yucel@izu.edu.tr 0212 692 97 84 
nurgul.mecit@izu.edu.tr 0212 692 95 29 
muhammed.citak@izu.edu.tr 0212 692 95 28 