Doç. Dr. Recep YÜCEDOĞRU recepyucedogru@uludag.edu.tr Uludağ Üniversitesi İktisadi ve İdari Bilimler Fakültesi Maliye Bölümü 16059 Nilüfer / Bursa
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Website:
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Objective of the Course:
The course aims to comprehensively address the reasons behind the prohibition of interest in Islamic economics, its religious, social, and economic implications, and the applicability of interest-free alternative models in modern economic systems. It seeks to present students with the Islamic perspective on interest from historical, theoretical, and practical dimensions, enabling them to understand the fundamental principles of an interest-free economic system and its relevance in today's world.
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Contribution of the Course to Professional Development
This course contributes to students' professional and academic development by providing in-depth knowledge of Islamic economics and interest-free finance. By presenting historical, theoretical, and practical approaches to the issue of interest, it enables students to enhance their critical thinking and analytical skills in this field. The course offers a theoretical foundation for students pursuing careers in interest-free banking and finance while also providing a rich research perspective for those interested in academic studies.
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Learning Outcomes:
1
Can analyze the role and functions of money in Islamic economics.;
2
Can evaluate the concept of interest within the framework of Islamic law and explain its economic impacts.;
3
Can examine the fundamental principles of Islamic financial systems and interest-free financial instruments comparatively.;
4
Can explain the historical development of financial practices in the Islamic world and their impacts on modern finance.;
5
Can evaluate the impacts of Islamic financial systems on sustainable development, social justice, and ethical values.;
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Course Content:
Week
Theoretical
Practical
1
Introduction to Islamic Economics and the Role of Money
2
Definition of Interest and Historical Background
3
Prohibition of Interest in the Qur'an and Sunnah
4
Fundamental Principles of Interest-Free Economic Systems
5
Money and Cost Concepts in the Islamic World
6
Modern Interest-Free Financial Instruments
7
Banking and Interest-Free Finance in the Islamic World
8
Economic Impacts of the Prohibition of Interest
9
Monetary Policies in the Islamic World
10
Global Financial System and the Islamic World
11
Crisis Management and Islamic Finance
12
Interest-Free Development Models in the Islamic World
13
Ethics and Social Responsibility from the Islamic Finance Perspective
14
Contemporary Debates on Money, Interest, and Finance in the Islamic World
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Textbooks, References and/or Other Materials:
Chapra, M. U. (2000). Islam and the Economic Challenge. Leicester: Islamic Foundation. Iqbal, M., & Mirakhor, A. (2007). An Introduction to Islamic Finance: Theory and Practice. Singapore: John Wiley & Sons. El-Gamal, M. A. (2006). Islamic Finance: Law, Economics, and Practice. Cambridge: Cambridge University Press. Siddiqi, M. N. (2004). Riba, Bank Interest and the Rationale of Its Prohibition. Jeddah: Islamic Research and Training Institute. Ahmed, H. (2011). Product Development in Islamic Banks. Edinburgh: Edinburgh University Press. Warde, I. (2010). Islamic Finance in the Global Economy. Edinburgh: Edinburgh University Press.
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Assesment
TERM LEARNING ACTIVITIES
NUMBER
PERCENT
Midterm Exam
1
40
Quiz
0
0
Homeworks, Performances
0
0
Final Exam
1
60
Total
2
100
Contribution of Term (Year) Learning Activities to Success Grade
40
Contribution of Final Exam to Success Grade
60
Total
100
Measurement and Evaluation Techniques Used in the Course
Assessment and evaluation are conducted in accordance with the principles of the Bursa Uludağ University Graduate Education and Training Regulations.
Information
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ECTS / WORK LOAD TABLE
Activites
NUMBER
TIME [Hour]
Total WorkLoad [Hour]
Theoretical
2
14
28
Practicals/Labs
0
0
0
Self Study and Preparation
6
10
60
Homeworks, Performances
0
15
30
Projects
0
0
0
Field Studies
0
0
0
Midtermexams
1
1
1
Others
0
0
0
Final Exams
1
1
1
Total WorkLoad
120
Total workload/ 30 hr
4
ECTS Credit of the Course
4
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CONTRIBUTION OF LEARNING OUTCOMES TO PROGRAMME QUALIFICATIONS
