Faculty: INSTITUTE OF GRADUATE PGROGRAMS This major focuses on the principles and practices of economics and finance within the framework of Islamic law (Shariah). Students explore Islamic banking, financial instruments, ethical investing, and Islamic economic teachings. The program emphasizes applying Islamic principles to modern financial systems, promoting ethical and socially responsible financial practices. Graduates are prepared for careers in Islamic banking, financial consulting, and Shariah-compliant investing. **Learning Objectives:** - Understand Islamic economics and finance fundamentals. - Develop skills in Islamic banking and financial instrument analysis. - Learn techniques for ethical investing and Shariah-compliant financial practices. - Explore Islamic economic teachings and their modern applications. - Understand risk-sharing, profit-sharing, and social responsibility in Islamic finance. - Analyze challenges and opportunities in Islamic economics and finance. - Develop teamwork and problem-solving skills for Islamic financial projects. **Major Outline:** 1. **Introduction to Islamic Economics and Finance** - Overview of Islamic economics and finance, principles, and historical development. 2. **Islamic Banking** - Principles of Islamic banking and techniques for managing operations and products. 3. **Islamic Financial Instruments** - Fundamentals of Islamic financial instruments and techniques for analysis and utilization. 4. **Ethical Investing** - Principles of ethical investing in Islamic finance and techniques for Shariah-compliant investments. 5. **Economic Teachings of Islam** - Exploration of Islamic economic principles and techniques for modern financial systems. 6. **Risk Management in Islamic Finance** - Principles of risk management in Islamic finance and techniques for risk-sharing and mitigation. 7. **Shariah Compliance and Governance** - Understanding Shariah compliance, governance, and regulatory frameworks in Islamic finance. 8. **Social Responsibility and Sustainable Finance** - Principles of social responsibility and sustainable finance in Islamic economics. 9. **Emerging Trends in Islamic Economics and Finance** - Analysis of innovations such as Fintech and blockchain in Islamic finance. 10. **Capstone Project in Islamic Economics and Finance** - Real-world project to apply learned skills in Islamic banking, financial analysis, or ethical investing. **Assessment Methods:** - Islamic banking plans, financial instrument analyses, ethical investing portfolios, economic principle applications, risk management strategies, Shariah compliance reports, social responsibility projects, research papers, group projects, and internships. **Recommended Textbooks:** - "Islamic Finance: Law, Economics, and Practice" by Nabil Saleh. - "Islamic Banking and Finance: Principles and Practice" by Mohammad Nejatullah Siddiqi. - "Ethical Investing and Islamic Finance" by Mohamed Ariff. - "The Economics of Islam" by Muhammad Akram Khan. **Prerequisites:** Basic knowledge of economics, finance, and Islamic law. Suitable for students interested in Islamic economics, Islamic finance, and ethical investing. **Major Duration:** Typically 4 years for a bachelor's degree, including coursework, projects, and internships. **Certification:** Graduates may receive a degree in Islamic Economics and Finance and pursue certifications such as Certified Islamic Finance Executive (CIFE) or Certified Shariah Advisor and Auditor (CSAA). **Target Audience:** Aspiring Islamic finance professionals, bankers, financial consultants, ethical investors, and scholars seeking to specialize in Islamic economics and finance. This major equips students with the knowledge and skills needed to excel in Islamic economics and finance, promoting ethical and socially responsible financial practices.