College: Institute of Graduate Programs

This interdisciplinary program combines the study of Islamic economics and Sharia law. Students explore the principles of Islamic economics, financial systems, legal frameworks, and ethical considerations. The program emphasizes the application of Islamic legal and economic principles to contemporary financial and societal issues. Graduates are prepared for careers in Islamic finance, legal consultancy, policy-making, and academic research.

Learning Objectives:

• Understand the fundamentals of Islamic economics and Sharia law.
• Develop skills in analyzing Islamic financial systems and legal frameworks.
• Learn techniques for applying Islamic economic and legal principles to contemporary issues.
• Explore ethical considerations and social responsibility in Islamic economics and law.
• Understand Islamic jurisprudence principles and apply them to economic activities.
• Analyze challenges and opportunities in Islamic economics and law.
• Develop teamwork and problem-solving skills for Islamic economic and legal projects.

Main Curriculum:

1. Introduction to Islamic Economics and Law
   • An overview of Islamic economics and law, their principles, and historical development.
   • Fundamentals of Islamic jurisprudence and its applications to economics and finance.
2. Islamic Financial Systems
   • Principles of Islamic financial systems, including banking, takaful (Islamic insurance), and investment.
   • Techniques for managing and analyzing Islamic financial products and services.
3. Islamic Law and Jurisprudence
   • Fundamentals of Islamic Sharia and jurisprudence, including sources, principles, and schools of thought.
   • Techniques for interpreting and applying Islamic legal principles to economic activities.
4. Ethical Considerations in Islamic Economics
   • Principles of ethical considerations in Islamic economics, including justice, fairness, and social responsibility.
   • Techniques for promoting ethical and socially responsible economic practices.
5. Islamic Contract Law
   • Fundamentals of Islamic contract law, including types of contracts, validity, and execution.
   • Techniques for drafting and negotiating Sharia-compliant contracts.
6. Islamic Economic Policies
   • Exploring Islamic economic policies, including taxation (Zakat), public finance, and economic development.
   • Techniques for developing and implementing Islamic economic policies.
7. Comparative Legal Systems
   • Comparative analysis of Islamic Sharia with other legal systems, including common law and civil law.
   • Techniques for understanding and navigating different legal frameworks in a global context.
8. Emerging Trends in Islamic Economics and Law
   • Analyzing innovations such as Fintech, blockchain, and digital currencies in Islamic finance and law.
   • Techniques for adapting to new trends and technologies in Islamic economics and law.
9. Capstone Project in Islamic Economics and Law
   • A practical project applying acquired skills in Islamic financial analysis, legal research, or policy development.
   • Techniques for providing comprehensive solutions to challenges in Islamic economics and law.

Assessment Methods:

• Analyses of the Islamic financial system, legal research papers, studies on ethical considerations, contract law projects, economic policy proposals, comparative legal system analyses, research papers, group projects, and internships.

Recommended Textbooks:

• "Islamic Finance: Law, Economics, and Practice" by Nabil Saleh.
• "Islamic Law and Jurisprudence" by Wael B. Hallaq.
• "Ethical Considerations in Islamic Economics" by Muhammad Akram Khan.
• "Islamic Contract Law" by Mohammad Hashim Kamali.

Prerequisites:

Basic knowledge of economics, finance, and Islamic Sharia. Suitable for students interested in Islamic economics, Sharia law, ethical investment, and related fields.

Program Duration:

The bachelor's degree typically takes 4 years, including coursework, projects, and internships. Advanced degrees may take additional years.

Certification:

Graduates may earn a degree in Islamic economics and law and pursue professional certifications such as Certified Islamic Finance Executive (CIFE) or Certified Sharia Advisor and Auditor (CSAA).

Target Audience:

Aspiring specialists in Islamic finance, legal consultants, policymakers, academic researchers, and scholars aiming to specialize in Islamic economics and law. This program provides students with the knowledge and skills needed to excel in Islamic economics and law, promoting ethical and socially responsible financial and legal practices.