Islamic Economics

Course unit titles

Islamic Economics

Course unit code

EKS608

Type of course unit (compulsory, optional)

Compulsory

Level of course units (according to

EQF: first cycle Bachelor, second cycle Master)

Master Program of Islamic Economics

Year of study when the course unit is delivered

(if applicable)

First year

Semester/trimester when the course unit is delivered

1st Semester

Number of ECTS credits allocated

3 credits (4.8 ECTS)

Name of lecturer(s)

Dr. Sri Herianingrum, SE., M.Sc

Ilmiawan Auwalin , SE., M.App.Ec., Ph.D

Dr. Tika Widiastuti, SE., M.Si

Dr. Kartika Hidayati

Learning outcomes of the course unit

After finishing the course, students are expected to understand and apply the concept of Islamic worldview, be able to analyze the principles of Islamic Economics, the theory of Maqashid Syariah, the principles of Islamic economic philosophy. They are also expected to apply the methodology of Islamic Economics, the Islamic economic system and to formulate Islamic economic policies. understand the economic principles of zakat, infaq, shadaqah, and waqf, understand the Islamic financial system and to identify Islamic financing models. Finally they are able to understand consumption ethics, production ethics, distribution ethics in Islam and develop case studies related to Islamic economics.

Mode of delivery (face-to-face, distance learning)

face-to-face, distance learning

Prerequisites and co-requisites (if applicable)

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Course content

This course provides students with the provision to study Islamic economics further because in this course material related to Islamic economics is presented in a normative manner. The topics in this course include, for example: the principles of Islamic economics, the Islamic economic system, usury, consumption and production.

Recommended or required

reading and other learning resources/tools

1. Afzalurrahman (AR), 1997, Muhammad as a Trader

2. M. Abdul Mannan (MAM), 1997, Theory and Practice of Islamic Economics

3. M. Umer Chapra (MUC), Islam and Economic Challenges

4. Choudry, (trans. Suherman Rosyidi). Islamic Economic System

5. Askari Hossein, et al, 2019. Introduction to Islamic Economics, Theory and Application. Singapore : John Wiley & Sons

6. Abd. Husain At-Tariqi (AHT), Islamic Economics

7. Abu Yusuf (AY), Islamic Economics

8. AM Saefudin (AMS), Values ​​of the Islamic Economic System

9. Heri Sudarsono (HS), Introduction to Islamic Economics

10. International Journal Articles

Planned learning activities and teaching methods

Classical Lectures, Student Presentations, Assignments 

Language of instructions

English

Assessment methods and criteria

Conduct weekly quizzes, and conduct discussions on meeting topics