MASTER'S COURSES IN ISLAMIC ECONOMICS

Semester 1

Semester 1
No Course Code Course Name Course Description
1 EKS608 Islamic economics This course provides an understanding of Islamic economic theory and practice, including basic concepts such as zakat, infaq, sadaqah, and waqf. Students will learn how the Islamic economic system operates and the role of Islamic financial institutions in supporting sustainable and equitable economic development.
2 PHE604 Philosophy of Islamic Economics This course examines the philosophical foundations underlying Islamic economics. Students will learn the key concepts of Islamic economics, including the goals and values ​​that shape the Islamic economic system. Discussions will include a comparison between Islamic economics and conventional economics, as well as the philosophical implications of Sharia principles for economic decision-making.
3 EKS615 Economic and Financial Fiqh Focusing on Islamic law relating to economics and finance, this course teaches students about the principles of Islamic jurisprudence governing economic transactions, including buying and selling, renting, debts, and investments. Students will study various fatwas and opinions of Islamic scholars on contemporary issues in Islamic economics and finance.
4 MNM623 Islamic Leadership This course examines the concept of leadership from an Islamic perspective, including the ethical and moral values ​​a leader should possess. Students will learn various leadership styles, the challenges faced in leadership, and how to apply Islamic principles to decision-making and organizational management.
5 PNE611 Islamic Research Methodology This course examines research approaches and techniques in accordance with Islamic principles. Students will learn about research design, data collection, analysis, and report writing. Focus will be placed on how to apply research methodology in the context of Islamic economics and finance.

Semester 2

Semester 2
No Course Code Course Name Course Description
1 EKK608 Quantitative Data Analysis This course provides an understanding of quantitative data analysis techniques used in economic research. Students will learn statistical methods, data processing, and the use of statistical analysis software to interpret data in the context of Islamic economics and finance. A focus will be placed on the application of quantitative analysis to support data-driven decision-making.
2 MNU645 Islamic Business Management This course examines Sharia-compliant management principles in a business context. Students will learn management, marketing, and operational strategies based on Islamic values. Discussions will cover the challenges faced by Islamic businesses and how to manage organizations ethically and socially.
3 MNK641 Intermediate Islamic Financial Management Focusing on financial management within the context of Islamic financial institutions and Islamic businesses, this course teaches students more complex financial management techniques, including investment analysis, risk management, and medium-term financial planning. Students will learn how to apply Islamic principles to strategic financial decision-making.
4 EKS609 Islamic Macroeconomic Theory This course examines macroeconomic theories from an Islamic perspective, including analyses of economic growth, inflation, unemployment, and fiscal and monetary policy. Students will learn how sharia principles influence macroeconomic policy and its impact on societal welfare. Discussions will also include a comparison between conventional macroeconomic theory and Islamic macroeconomics.
5 EKS610 Islamic Microeconomic Theory Focusing on microeconomic theories within an Islamic context, this course teaches students about consumer behavior, production theory, and market structure from a sharia perspective. Students will learn how Islamic principles influence the economic decisions of individuals and firms, as well as their implications for resource distribution and social welfare.

3rd semester

A. Islamic Economics Concentration – Concentration Courses
Semester 3: A. Islamic Economics Concentration – Concentration Courses
No Course Code Course Name Course Description
1 EKS611 Zakat and Waqf Economics This course examines the concepts, principles, and practices of zakat and waqf in Islamic economics. Students will learn the role of zakat and waqf in poverty alleviation, community empowerment, and sustainable economic development.

3rd semester

A. Islamic Economics Concentration – Elective Courses (3 credits)
Semester 3: A. Islamic Economics Concentration – Elective Courses (3 credits)
No Course Code Course Name Course Description
1 EKS612 Intermediate Islamic Monetary Economics Focusing on monetary theory and practice in Islamic economics, this course teaches students about the Islamic financial system, monetary instruments, and monetary policies that are in accordance with Islamic principles.
2 EKS613 Middle Islamic Development Economics This course explores the theory and practice of economic development in an Islamic context. Students will learn sustainable and inclusive development strategies and the role of Islamic financial institutions in supporting economic development.
3 EKS614 Public Economics and Islamic Politics This course examines the interaction between economics and politics from an Islamic perspective. Students will study public policies in accordance with Sharia principles and their impact on societal welfare.

3rd semester

A. Islamic Economics Concentration – Compulsory Courses
Semester 3: A. Islamic Economics Concentration – Compulsory Courses
No Course Code Course Name Course Description
1 PNE698 Thesis Proposal This course guides students in designing a research proposal for their thesis. Students will learn about research methodology, academic writing, and how to formulate relevant research questions in the context of Islamic economics.

3rd semester

B. Islamic Financial Management Concentration – Concentration Courses
Semester 3: B. Islamic Financial Management Concentration – Concentration Courses
No Course Code Course Name Course Description
1 MNK617 Islamic Bank Management Focusing on management principles applied in Islamic financial institutions, this course teaches students about risk management, Islamic financial products, and marketing strategies in the context of Islamic banking.
2 MNK632 Islamic Wealth Management Focusing on asset management and investment in accordance with sharia principles, this course teaches students about wealth management strategies, financial planning, and risk management in the context of sharia investment.
3 MNK631 Islamic Bank Risk Management This course discusses techniques and strategies for identifying, analyzing, and managing risk in Islamic financial institutions. Students will learn a risk management framework that complies with Islamic principles.
4 EKS606 Islamic Capital Market This course examines the structure and function of capital markets in Islamic economics. Students will learn about Sharia-compliant investment instruments, capital market regulations, and investment analysis in accordance with Sharia principles.

3rd semester

B. Islamic Financial Management Concentration – Compulsory Course
Semester 3: B. Islamic Financial Management Concentration – Compulsory Course
No Course Code Course Name Course Description
1 PNE698 Thesis Proposal This course guides students in designing a research proposal for their thesis. Students will learn about research methodology, academic writing, and how to formulate relevant research questions in the context of Islamic economics.

Semester 4

Semester 4
No Course Code Course Name Course Description
1 PNE699 Thesis As the final part of the program, students will conduct in-depth research on a relevant topic in Islamic economics and write a thesis reflecting their understanding and contribution to the field. This thesis must meet high academic standards and demonstrate strong analytical and research skills.