In some Turkish universities, the study of Islamic Economics is affiliated with the Faculty of Sharia, while in others it falls under the Faculty of Economics. In this article, we will discuss the definition of Islamic Economics, the number of years of study, the job opportunities for Islamic Economics graduates in Turkey, its advantages, the requirements for studying it, and its costs.
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Definition of the Study of Islamic Economics in Turkey:
The specialization of Islamic Economics is a set of principles and economic foundations that govern the economic activity in an Islamic state, as outlined in the Qur'an and the Sunnah. It is also one of the emerging specializations that bridges the fields of economics and Islamic financial jurisprudence. Accordingly, in some universities it is affiliated with the Faculty of Sharia, while in others it belongs to the Faculty of Economics. The Islamic Economics specialization encompasses the financial sciences of Islamic banks and Islamic insurance in Turkey.
Requirements for Studying the Islamic Economics Specialization:
There are several requirements that a student wishing to study Islamic Economics in Turkey must meet, which include:
- The student must have a thorough understanding of both the jurisprudential and economic aspects, ensuring that these align well with his intellectual and cognitive capabilities.
- The student must possess strong deductive reasoning skills and mastery of economic techniques, such as analysis and economic theories in Turkey.
- Familiarity with numerical skills, along with the ability to construct financial tables and accounting plans in Turkey.
- The ability to integrate the jurisprudential aspect with the economic aspect, which is the hallmark of this specialization.
- The capacity to engage in extensive reading, follow global economic news, analyze it, and discuss it.
Documents Required by Turkish Universities for Enrollment in the Islamic Economics Specialization:
Documents that must be submitted to the university:
- The original high school certificate, which meets the required GPA for the Islamic Economics specialization in Turkey.
- A certified copy of the passport, as well as a certified copy of the high school transcript.
- Proof of language proficiency, whether in Turkish or English.
- A score of 550 or above on the TOEFL exam, or any other internationally recognized test to ensure proficiency in English, as accepted by the university.
Career Opportunities for Graduates of the Islamic Economics Specialization:
There are certain Islamic banks in Turkey that require graduates of Islamic Economics to work for them, as these graduates possess comprehensive knowledge of both the economic and jurisprudential fields. Additionally, there are two main areas in which an Islamic Economics graduate can work:
- The Professional Field: Such as financial companies, Islamic banks, accounting, and economic analysis—note that graduates of Islamic Economics are given priority when being considered for positions in banks.
- The Academic Field: In teaching and training, where a graduate of Islamic Economics in Turkey can teach at colleges, institutes, or even conduct workshops that require specialized trainees in this field.
A student of Islamic Economics is distinguished by his comprehensive grasp of both jurisprudence and economics, which significantly enhances his job prospects compared to others. Therefore, continuous self-development and the enhancement of expertise through ongoing reading are essential.
Advantages of Studying the Islamic Economics Specialization:
The objectives of studying Islamic Economics provide job opportunities in many Islamic banks and offer numerous advantages, including, for example:
- The opportunity to rediscover the Islamic economic identity in Turkey after its long period of decline.
- The ability to combine the fields of economics and Islamic law in Turkey, much like programs that integrate Sharia and legal studies.
- The chance to acquire various skills in economic problem-solving from an Islamic perspective that competes with other solutions offered on the international stage.
Subjects Studied in the Islamic Economics Specialization Program:
When pursuing any specialization in Turkish universities, students study the core subjects of their field. In the case of Islamic Economics in Turkey, the program includes courses in both jurisprudence and economics in general. The study program covers the following subjects:
- Jurisprudence of Financial Transactions
- Principles of Microeconomics and Macroeconomics
- Claims and International Economic Laws
- Systems of Islamic Economics
- Economic Principles in the Holy Qur'an
- Islamic Finance and Risk Management
- History of Islamic Thought
- Accounting in Islamic Institutions
Afterwards, the student moves on to training in financial markets within Islamic banks, as well as with insurance and finance companies that adhere to Sharia law.
The Difference Between Economics and Islamic Economics in Turkey:
The Islamic Economics specialization differs from other economics fields in terms of rulings and contracts. Other specializations focus on interest, which is considered prohibited by Islamic law; therefore, the foundation upon which capitalist economics is built is invalid in the context of Islamic Economics.
Objectives of the Islamic Economics Department in Turkey:
There are several objectives for studying the Islamic Economics department in Turkey, namely:
- To develop the student’s scientific aptitude and enhance research skills through a solid foundation.
- To foster analytical skills and innovation.
- To improve the academic and research standards of the faculty members, thereby enhancing overall performance.
- To contribute to the emergence of many researchers specialized in Islamic Economics who can keep pace with contemporary Islamic economic developments and address new economic issues in Turkey and worldwide.
- To enrich the field of Islamic Economics with distinguished research and scholarly theses.
How Can I Pursue a Master's in Islamic Economics in Turkey?
After completing the undergraduate studies at a Turkish university and graduating, you can then apply for a Master's in Islamic Economics by preparing the following:
- Filling out the graduate studies application form.
- The original degree certificate along with a certified copy.
- The original transcript along with a certified copy.
- A copy of your identification card.
- Four recent passport-sized photographs.
- Payment of the enrollment fee.
- A folder to keep all the documents.
Costs of Studying Islamic Economics in Turkey:
The fees for studying the Islamic Economics specialization in Turkey are moderate compared to those in other countries, ranging between three thousand US dollars and ten thousand US dollars in private universities.
We have reached the end of our article. If you have any further inquiries regarding Islamic Economics in Turkey, feel free to contact Skyline Educational. We will respond immediately and answer all your questions.