Course unit titles

Islamic Bank Accounting

Course unit code

AKI601

Type of course unit (compulsory, optional)

Optional

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)

Second year

Semester/trimester when the course unit is delivered

3rd semester

Number of ECTS credits allocated

3 credits (4.8 ECTS)

Name of lecturer(s)

  1. Prof. Dian Agustia, SE, M.Si, Ak
  2. Noven Suprayogi, SE., M.Sc., Ak.
  3. Dina Fitrisia Septiarini, SE., MM., Ak.

Learning outcomes of the course unit

After finishing the course, students are expected to be able to examine the concepts of accounting and financial statements from an Islamic perspective, to be able to compare the different paradigms of Islamic accounting with conventional accounting, and to be able to formulate patterns of accounting policies in Islamic banking in accordance with Bahasa Islamic banking accounting guidelines and Islamic accounting standards. valid in Indonesia

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

face-to-face, distance learning

Prerequisites and co-requisites (if applicable)

---

Course content

The Islamic Bank Accounting course learns about Islamic views in accounting, accounting concepts and financial statements in Islam, Islamic accounting and ethics, accounting standards for Islamic banks, accounting for zakat transactions, distribution and collection of funds in Islamic banks, investment accounting in Islamic banks, and socio-economic reports for Islamic banks, harmonization of Islamic bank accounting, and implementation of audits in Islamic banks.

Recommended or required

reading and other learning resources/tools

  1. Standar Akuntansi Keuangan Syariah, Ikatan Akuntan Indonesia, 2020
  2.  Kerangka Teori dan Tujuan Akuntansi Syariah, Sofyan Harahap, Pustaka Quantum, 2008
  3.  Akuntansi Syariah: Perspektif, Metodologi, dan Teori, Iwan Triyuwono, Raja Grafindo, 2006


Planned learning activities and teaching methods

Interactive lectures and case discussions 

Language of instructions

Bahasa, English

Assessment methods and criteria

  • Post test 
  • Review according to the meeting topic

Course unit titles

Islamic Bank Asset and Liability Management

Course unit code

MNK630

Type of course unit (compulsory, optional)

Optional

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)

Second year

Semester/trimester when the course unit is delivered

3rd semester

Number of ECTS credits allocated

3 credits (4.8 ECTS)

Name of lecturer(s)

  1. Nisful Laila, SE, M.com
  2. Noven Suprayogi, SE., MSi, Ak SAS
  3. Bayu Arie Fianto, SE, MBA

Learning outcomes of the course unit

After finishing the course, students are expected to be able to discuss the theory of asset and liability management and differentiate it from an Islamic perspective and be able to discuss the constraints and strategies for developing asset and liability management.

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

face-to-face, distance learning

Prerequisites and co-requisites (if applicable)

Fiqh Muamalah

Islamic Financial Management

Course content

The Islamic bank asset and liability management course discusses the Introduction of Sharia ALMA, Sharia ALMA Functions, Asset and Liabilities Management Applications in Sharia Banks, Liquidity Management in Sharia Banks, Treasury in Sharia Banks, Earning and Investment Management in Sharia Banks, Pricing Strategy for Funding , Pricing Strategy for Financing, Analysis of Cost of Funds in Islamic Banks, ALCO Syariah, Instruments on Assets and Liabilities Management, and Case Studies of Assets and Liabilities Management in Islamic Banks

Recommended or required

reading and other learning resources/tools

Asset and Liabilities FEUI, Asset Liability Management LPPI

Planned learning activities and teaching methods

Lectures, Discussions 

Language of instructions

Bahasa, English

Assessment methods and criteria

Assignments, UTS, UAS

Course unit titles

Islamic Bank Management

Course unit code

MNK167

Type of course unit (compulsory, optional)

Optional

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)

Second year

Semester/trimester when the course unit is delivered

3rd semester

Number of ECTS credits allocated

3 credits (4.8 ECTS)

Name of lecturer(s)

  1. Atina Shofawati, Dr, SE., M.Sc.
  2. Bayu Arie Fianto, SE, MBA, Ph.D
  3. Imron Mawardi, Dr., SP., M.Sc.
  4. Nisful Laila, Dr, SE, M.Com

Learning outcomes of the course unit

The learning achievement of this course is that students are able to demonstrate related to understanding and behavior in Islamic bank operations accompanied by understanding from international journals through a journal review process and class discussion. Students are able to complete group and individual assignments related to Islamic banking and the current issues that accompany it.

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

face-to-face, distance learning

Prerequisites and co-requisites (if applicable)

---

Course content

The Islamic Bank Management course covers basic understanding, operational systems, and current issues related to Islamic banks. After taking this course, students are expected to be able to know the operational system of Islamic banks and have knowledge related to the latest issues of Islamic banking from international journals.

Recommended or required

reading and other learning resources/tools

1.  Iqbal, M and Molyneoux, P. 2005. “Thirty Years of Islamic Banking : History, Performance and Prospect” New York : Palgrave MacMillan

2.  Hassan,M.K and Lewis,M.K. 2007. “Handbook of Islamic Banking”. Cheltenham : Elgar Original Reference

3.  Zainul Arifin, “Dasar-dasar Manajemen Bank Islam”

4.  Muhammad, “Manajemen dana Bank Islam”

5.  Journals:

·  Abbas J. Ali & David Weir (2005) Islamic Perspectives on Management and Organization,  Journal of Management, Spirituality & Religion, 2:3

·  Chong, B. S., & Liu, M. H. (2009). Islamic banking: interest-free or interest-based? Pacific-Basin Finance Journal, 17(1), 125-144.

·      Arbouna, M. B. (2007). The combination of contracts in Shariah: A possible mechanism for product development in Islamic banking and finance. Thunderbird International Business Review, 49(3), 341-369.

·      Al-Salem, F. H. (2009). Islamic financial product innovation. International Journal of Islamic and Middle Eastern Finance and Management, 2(3), 187-200.

·      Iqbal, Z. (1999). Financial engineering in Islamic finance. Thunderbird International Business Review, 41(4‐5), 541-559.

·      Erwin G. Hutapea Rahmatina A. Kasri, (2010),"Bank margin determination: a comparison between Islamic and conventional banks in Indonesia", International Journal of Islamic and Middle Eastern Finance and Management, Vol. 3 Iss 1 pp. 65 – 82

·      Jobst, A. A. (2005). What is structured finance. An Analysis of Derivatives, Securitization and Islamic.

·      El Qorchi, M. (2005). Islamic finance gears up. Finance and Development, 42(4), 46.

·      El-Gamal, M. A. (2007). Incoherence of contract-based Islamic financial jurisprudence in the age of financial engineering. Wis. Int'l LJ, 25, 605.

·      Tomkins, C., & Karim, R. A. A. (1987). The Shariah and its Implications for Islamic Financial Analysis: An Opportunity to Study Interactions among Society, Organisations and Accounting. The American Journal of Islamic Social Sciences, 4(1).

·      Syafri Harahap, S. (2003). The disclosure of Islamic values-annual report. The analysis of Bank Muamalat Indonesia's annual report. Managerial Finance, 29(7), 70-89.

·      Akhtar, M. F., Ali, K., & Sadaqat, S. (2011). Liquidity risk management: a comparative study between conventional and Islamic banks of Pakistan. Interdisciplinary Journal of Research in Business, 1(1), 35-44.

·      Ismal, R. (2010). Assessment of liquidity management in Islamic banking industry. International Journal of Islamic and Middle Eastern Finance and Management, 3(2), 147-167.

·      Hassan, A. (2009). Risk management practices of Islamic banks of Brunei Darussalam. The Journal of Risk Finance, 10(1), 23-37.

·      Bruce Zagaris, (2007) "Problems applying traditional anti‐money laundering procedures to non‐financial transactions, “parallel banking systems” and Islamic financial systems", Journal of Money Laundering Control, Vol. 10 Iss: 2, pp.157 – 169

·      de Goede M, 2003, "Hawala discourses and the war on terrorist finance" Environment and Planning D: Society and Space 21(5) 513 – 532

·      Loghod, H. A. (2010). Do Islamic Banks Perform Better than Conventional Banks? Evidence from Gulf Cooperation Council countries. Journal of Management, 7(3), 56-72.

·      Abdul-Majid, M., Saal, D. S., & Battisti, G. (2010). Efficiency in Islamic and conventional banking: an international comparison. Journal of Productivity Analysis, 34(1), 25-43.

·      Darmadi, S. Corporate Governance Disclosure in the Annual Report. An Explanatory Study on Bahasa Islamic Banks. Humanomics, 29 (1), 4-23

6.  M.Syafi’i Antonio,”Bank Islam, dari Teori ke Praktek”

7.  Adiwarman Karim, ”Bank Islam”

8.  Muhammad,”Teknik Perhitungan Bagi Hasil dan Profit Margin pada Bank Islam”

Planned learning activities and teaching methods

Lecture

Language of instructions

Bahasa, English

Assessment methods and criteria

  • Post test 
  • Participation in class discussions

Course unit titles

Islamic Capital Market

Course unit code

EKS606

Type of course unit (compulsory, optional)

Optional

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)

Second year

Semester/trimester when the course unit is delivered

3rd semester

Number of ECTS credits allocated

3 credits (4.8 ECTS)

Name of lecturer(s)

  1. Dr. Nisful Laila, SE., M.Com.
  2. Bayu Arie Fianto, SE., M.BA., PhD.
  3. Dr. Muhammad Nafik Hadi Ryandono, SE., M.Sc.
  4. Sulistya Rusgianto, SE., MM., Ph.D.

Learning outcomes of the course unit

After finishing the course, the students will be able to master the knowledge and practice of Islamic Capital Markets, especially those in Indonesia, as evidenced by their ability to explain the mechanism of Islamic Capital Markets at the end of the lesson. In particular, students are able to produce the latest research in the field of Islamic Capital Markets.

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

face-to-face, distance learning

Prerequisites and co-requisites (if applicable)

---

Course content

The Islamic Capital Market course discusses the working mechanism and complexity of the Islamic capital market, including in terms of the fiqh framework and its laws and regulations, one of which is the selection of a series of Islamic capital market instruments so that the benefits received from this learning can be optimal.

Recommended or required

reading and other learning resources/tools

Main references :

1.     Pasar Modal Syariah, Sekolah Pasar Modal Syariah, PT Bursa Efek Indonesia 2011

2.     Huda, Nurul dan Nasution, Mustafa Edwin, 2007, Investasi pada Pasar Modal Syariah, Rineka Cipta

3.     Tandelilin, Eduardus, 2009, Portofolio dan Investasi : Teori dan Aplikasi, Kanisius

4.     Hartono, Jogiyanto, 2003, Teori Portofolio dan Analisis Investasi, BPFE, Yogyakarta

5.     Ryandono, Muhammad Nafik Hadi., 2008, Bursa Efek dan Investasi Syariah, Surabaya, Amanah Pustaka dan Centre For Islamic Economics and Business Resources Development (CIEBERD) Universitas Airlangga, Surabaya.

6.     UU Penawaran Umum dan Permasalahannya, Asril Sitompul SH, Penerbit : PT Citra Aditya Bakti – Bandung

7.     Obligasi Dalam Perspektif Hukum Indonesia, A. Setiadi SH, Penerbit: PT Citra Aditya Bakti – Bandung

8.     Transparansi Independensi dan pengawasan Kejahatan Pasar Modal, Indra Safitri, Published by Go Global Book

Regulations :

1.     Law No. 8 of 1995 about Capital Market

2.     Law No. 40 of 2007 about Perseroan Terbatas

3.     Law about SBSN

4.     Government law No. 45 of 1995 about Implementation of Activities in the Capital Market Sector, Government Law No. 12 of 2004 about Organizing Activities in the Capital Market

5.     Government Law No. 46 of 1995 about Examination in the Capital Market Sector

6.    Bapepam and LK

7.    Bursa Efek (Listing, Trading, Membership and Controlling)

8.     Fatwa DSN MUI about capital market

9.   PSAK about syariah

Planned learning activities and teaching methods

Lectures and Q&A Discussion

Language of instructions

Bahasa, English

Assessment methods and criteria

Presentation Assignments, Papers, Resume, Journal Review

Course unit titles

Islamic Development Economics

Course unit code

EKS611

Type of course unit (compulsory, optional)

Optional

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)

Second year

Semester/trimester when the course unit is delivered

3rd semester

Number of ECTS credits allocated

3 credits (4.8 ECTS)

Name of lecturer(s)

Dr. Sri Herianingrum

Prof. Dr. Raditya Sukmana

Learning outcomes of the course unit

After finishing the course, students are expected to be able to analyze the differences between general development economics and Islamic economic development, explain the Basic Concepts of EPI, analyze Human Resource Development, analyze Physical Development in Development Economics, analyze the concept of empowerment in Islam, explain the concept of welfare in Islam, analyze the concept of Poverty in Islam, explaining Conventional Development Economic Indicators, measuring the concept of Islamic development economic indicators, analyzing the concept of Government in Islamic Development Economics, analyzing the concept of economic actors in Islamic Development Economics, analyzing the concept of Non-Economic Aspects in Islamic Development Economics, correlating the concept of civil society in the present, as well as being able to analyze the development of ESDAL on Islamic concepts

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

face-to-face, distance learning

Prerequisites and co-requisites (if applicable)

Islamic Macroeconomics

Course content

This course contains basic concepts in sharia development economics, and identification of various sharia development economic problems.

Recommended or required

reading and other learning resources/tools

1.  Nurul Huda (NH), 2015. Ekonomi Pembangunan Islam

2.  M.Umar Chapra (UC), 2000,  Islam Dan Pembangunan Ekonomi,  Gema Insani Pers, Jakarta

3.  Todaro (TDR),MP,2002, Pembangunan Ekonomi di Dunia Ketiga, Terjemahan, Edisi delapan, Addison Wesly Longman Inc, New York 

4.  Afzalur Rahman (AR), 1995, Doktrin Ekonomi Islam, Dana Bhakti Wakaf, Yogyakarta

5.  Bank Indonesia (BI), Ekonomi dan Islam , 2008, PT RajaGrafindo Persada, Jakarta

6.  Munawar Iqbal (MI), Distributive Justice And Need Fulfilment in An Islamic Economy, The Islamic Foundation, Leicester, U.K

7.  Mustafa  Kamal (MK), 1997, Wawasan Islam dan Ekonomi,  LP  FEUI, Jakarta 

8.  Kamaludin,Rustian (RK), 1988, Pengantar Ekonomi Pembangunan, LPUI

9.  Irawan dan Suparmoko M (IS), 2002, Ekonomi pembangunan, VI edition, BPFE, Yogyakarta

10. Meier, Gerald M (GM), 1994, Leading issues in Economics

Planned learning activities and teaching methods

Classical Lectures, Student Presentations, Assignments

Language of instructions

Bahasa, English

Assessment methods and criteria

  • Do weekly quiz
  • Conduct discussions to discuss topics related to the meeting

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.Si

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 Islamiv 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)

---

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 Sebagai Seorang Pedagang

2. M.Abdul Mannan (MAM), 1997, Teori dan Praktek Ekonomi Islam

3. M. Umer Chapra (MUC), Islam dan Tantangan Ekonomi

4. Choudry, (terj.Suherman Rosyidi). Sistem Ekonomi Islam

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

6. Abd. Husain At-Tariqi (AHT), Ekonomi Islam

7. Abu Yusuf (AY), Ekonomi Islam

8. A.M. Saefudin (AMS), Nilai Sistem Ekonomi Islam

9. Heri Sudarsono (HS), Pengantar Ekonomi Islam

10. International Journal Articles

Planned learning activities and teaching methods

Classical Lectures, Student Presentations, Assignments 

Language of instructions

Bahasa, English

Assessment methods and criteria

Conduct weekly quizzes, and conduct discussions on meeting topics

Course unit titles

Islamic Financial Institutions

Course unit code

EKS603

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

2nd Semester

Number of ECTS credits allocated

3 credits (4.8 ECTS)

Name of lecturer(s)

Dr. Atina Shofawati, SE. M.Si (PJMK)

Dr. Ari Prasetyo, SE. M.Si

Siti Zulaikha, Ph.D

Learning outcomes of the course unit

After finishing the course, students are expected to be able to understand more deeply about the theory and practice of Islamic Financial Institutions both in Indonesia and internationally and also discuss the institutional and regulatory aspects, be able to use existing theories and relate the practice of Islamic Financial Institutions, be able to analyze Islamic Financial Institutions in terms of institutions and regulations that regulate both nationally and internationally and linking with relevant research, as well as being able to think critically analytically and produce quality scientific works.

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

face-to-face, distance learning

Prerequisites and co-requisites (if applicable)

---

Course content

In this course, there will be a more in-depth discussion of the theory and practice of the Islamic financial system and the instruments that make up the Islamic financial system consisting of Islamic Financial Institutions in Indonesia and internationally, both in terms of institutions and regulations.

Recommended or required

reading and other learning resources/tools

  1. Rodhoni. Lembaga Keuangan Islam
  2. M.Nafik H.R. Bursa Efek Syariah.
  3. Saiful Azhar Rosly. Islamic Banking and Financial Market
  4. Zamir Iqbal dan Abbas Mirakhar. Islamic Finance.
  5. BI, OJK, DSN
  6. IDB, IFSB, AAOIFI, IIRA
  7. Relevant Journals
  8. Fatwa DSN MUI

REFERENCE LIST

Planned learning activities and teaching methods

Presentation and Discussion

Language of instructions

Bahasa, English

Assessment methods and criteria

Papers and journal reviews indexed by Scopus and Sinta-2 according to the topic of the meeting

Course unit titles

Islamic Financial Management

Course unit code

MNK623

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. Imron Mawardi, SP, M.Si

Prof. Dian Agustia, SE, M.Si, Ak

Dr. Muhammad Nafik HR, SE, M.Si

Bayu Arifianto, SE, MBA, Ph.D

Learning outcomes of the course unit

After finishing the course, students are expected to be able to explain the basic concepts and practices of Islamic financial management and differentiate Islamic and conventional financial management. Students are able to identify, analyze, and apply Islamic financial management techniques to manage company finances that are in accordance with Islamic sharia. Students are also expected to be able to evaluate the effectiveness of Islamic financial and investment management practices in managing the finances of individuals, companies, and non-profit organizations.

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

face-to-face, distance learning

Prerequisites and co-requisites (if applicable)

---

Course content

The course discusses the principles, theories, and practices of Islamic finance in corporate management; starting from corporate objectives and financial management in Islam, the concept of usury and the theory of interest, the difference between time value of money and economic value of time, cost of capital in Islamic finance, real value and market value, investment in Islamic financial markets, risk and return, hedging in Islam, derivative products and so on. This course also teaches an integrated approach to sharia-based financial management in companies by combining concepts and tools from the disciplines of financial management and investment.

Recommended or required

reading and other learning resources/tools

1.  Abbas Mirackhor, 2010, Islamic Finance

2.  Mohamed Obaidullah, 2007, Teaching in Corporate Finance in Islamic Perspective

3.  Hans Visser, 2013, Islamic Finance, Edward Edgar Publishing Limited

4.  Muhammad Abduh, 2018, Islamic Finance

5.  Muhammad, 2014, Manajemen Keuangan Syariah

6.  Muhamad Ayub Khan. 2009. Islamic Finance.

7.  Muhammad Nafik HR. 2007. Pasar Modal dan Investasi Syari’ah. Surabaya, Amanah  Pustaka.

8.  Eugene Brigham. 2009. Prinsip-Prinsip Manajemen Keuangan.

9.  El Diwany, Tarek. 2003. The Problem With Interest (Sistem bunga dan Permasalahannya). Jakarta, Akbar Media Eka Sarana.

10.  Related International Journals.

Planned learning activities and teaching methods

Students conduct discussions, search for, collect and compile existing information to describe a knowledge

Language of instructions

Bahasa, English

Assessment methods and criteria

Students are able to work on and compile theoretical analysis and research in related topics, and are able to explain issues in Islamic finance both in theory and practice.

Course unit titles

Islamic Leadership

Course unit code

MNM623

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. Achsania Hendratmi, SE., M.Si

Dr. Ririn Tri Ratnasari, SE., M.Si

Dr. Siti Zulaikha Se., M. Si

Learning outcomes of the course unit

Islamic Leadership is a course that provides masters students with the ability to develop science and technology on Islamic Leadership through research, innovation and proven problem solving with an inter/multidisciplinary approach related to problems and practices of Leadership in an Islamic Perspective contextually in Islamic-based organizations, entities or corporations as well as in Islamic business ventures and startups. 

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

face-to-face, distance learning

Prerequisites and co-requisites (if applicable)

---

Course content

The course discusses the concept of leadership, leadership schools of thought, leadership of culture, diversity, and the learning organization, the nature, process, and theory of leadership from an Islamic perspective, principle of Islamic leadership and Islamic characteristics. Attributes of effective leader, leadership competencies for innovation and entrepreneurship: A Top management perspective, entrepreneurship, intrapreneurship and innovation, entrepreneurship and leadership: an Islamic perspective, Islamic entrepreneurship concept, the process of new venture creation in the Islamic world: An organizing framework , Social Entrepreneurship in an Islamic Context, Instruments & cases Social Impact Islamic entrepreneurship, youth entrepreneurship in an Islamic context : Sharia fintech, halal startup and Islamic digital startup, and Islamic leadership and entrepreneurship future research directions.

Recommended or required

reading and other learning resources/tools


1) Entrepreneurship and Management in an Islamic Context. 2017. Editors: Veland¬Ramadani¬• L´eo-Paul Dana Shqipe¬Gërguri-Rashiti¬• Vanessa-Ratten. Springer International Publishing Switzerland. 

2) Shaping Entrepreneurial Mindsets : Innovation and Entrepreneurship in Leadership Development.  2015.  Editor: Jordi Canals. The Palgrave Macmillan.

3) Islamic Social Finance : Entrepreneurship, Cooperation and the Sharing Economy.  2019. Edited by Valentino Cattelan. Routledge 

4) Leadership: Theory, Application, Skill Development, 2nd Edition. 2009. Robert N. Lussier  and Christopher F. Achua . New Jersey, Prentice Hall. 

5) Principles of Leadership Andew J DurBrin. . 2010. Principles of Leadership. South-Western.

6) Entrepreneurship and Leadership: An Islamic Perspective. 2016. Maryam Foziaa, Ayesha Rehmana,and Ayesha Farooqa. International Journal of Economics, Management and Accounting 24, no. 1 (JURNAL 1)

7) Islamic Entrepreneurship: Kewirausahaan Berbasis Pemberdayaan. Ika Yunia Fauzia.2018. Rajawali Press.  (

8) Bisnis dan Kewirausahaan: Business & Entrepreneurship. Ensiklopedia Leadership & Manajemen Muhammad SAW 

“ The Super Leader”. Muh. Syafii Antonio, Dr., M.,Ec.   

9) Journals and Articles related to the topic of each meeting

Planned learning activities and teaching methods

Lectures & Classical Teaching

Language of instructions

Bahasa, English

Assessment methods and criteria

Assessment using rubrics, Individual Tasks (Presentation) 



Course unit titles

Islamic Macroeconomics

Course unit code

EKS604

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

2nd Semester

Number of ECTS credits allocated

3 credits (4.8 ECTS)

Name of lecturer(s)

Ilmiawan Auwalin, Ph.D.

Dr. Tika Widiastuti, SE., M. Si

Dr. Sri Herianingrum, SE., M.Si

Learning outcomes of the course unit

After finishing the course, students are expected to be able to understand analytical methods, both quantitative and qualitative, that can be used to conduct macroeconomic analysis of Indonesia or the global with an Islamic and conventional perspective.

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

face-to-face, distance learning

Prerequisites and co-requisites (if applicable)

---

Course content

In the Islamic Macroeconomics course, the structure of the discussion in this course follows the standard structure of the Macroeconomics discussion, which includes long-term economic analysis (investment and economic growth), the medium term (Aggregate Supply and Aggregate Demand, inflation and money supply growth) and short term (goods market) and money market (money market). In each topic of discussion, the concepts of Islamic Economics will always be discussed so that they can become a framework for studying the macroeconomic tools that are taught.

Recommended or required

reading and other learning resources/tools

  1. Askari, H., Iqbal, Z., and Mirakhor, A., (2015). Introduction to Islamic Economics: Theory and Application. John Wiley & Sons, Singapore.
  2.  M. Abdul Mannan (MA), Ekonomi Islam, teori dan praktek
  3.  Muhammad (Muh1), Kebijakan Fiskal dan Moneter Dalam Ekonomi Islam
  4. Metwally (Met), Teori dan Model Ekonomi Islam

Planned learning activities and teaching methods

Lectures and Discussions

Language of instructions

Bahasa, English

Assessment methods and criteria

Able to work on analytical essay assignments.

Course unit titles

Islamic Microeconomics

Course unit code

EKS605

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

2nd Semester

Number of ECTS credits allocated

3 credits (4.8 ECTS)

Name of lecturer(s)

  1. Dr. Tika Widiastuti, SE., MSi (PJMK)
  2. Prof. Dr. Raditya Sukmana, SE., MA
  3. Dr. Sri Herianingrum, SE., M.Si

Learning outcomes of the course unit

After finishing the course, students are expected to analyze Islamic economics and finance based on information from data processing, master the theoretical concepts of Islamic and conventional economics and finance as a whole and comprehensively, mastering the basic principles of Islamic management science, Ziswaf fiqh (zakat, infaq, alms, and waqf) as well as the concept of ziswaf economic and social empowerment.

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

face-to-face, distance learning

Prerequisites and co-requisites (if applicable)

Introduction to Islamic Economics

Course content

This course is a continuation of the Introduction to Islamic Economics course which discusses the concept of need in Islam, Islamic consumption theory, the concept of demand in Islam, Islamic production theory, cost analysis, Islamic supply, profit maximization, market structure and market mechanisms in Islam. After attending this course, students are expected to understand the basics of Islamic microeconomics, explain the differences between conventional microeconomic theory and Islamic microeconomic theory, and have the ability to apply Islamic microeconomic concepts to analyze microeconomic problems.

Recommended or required

reading and other learning resources/tools

Main references:

1.  Karim, Adiwarman, 2007. Ekonomi Mikro Islam. Raja Grafindo Indonesia. (KAR1)

2.  Zainal, Rivai Veithzal., Huda, Nurul., Ekawati, Ratna., Riorini, Sri Vandayuli., 2018, Ekonomi Mikro Islam, Cahaya Prima Sentosa Jakarta (ZAI)

3.  Karim, Adiwarman, 2016. Ekonomi Mikro Islam. IIIT Indonesia. (KAR2)

4.  M.B. Hendrie Anto (HA), 2003. Pengantar Ekonomika Mikro Islam

5.  Suherman Rosyidi (SR), 2007. Pengantar Teori Ekonomi

Supported Books:

1.  At-Tariqi, Abdullah Abdul Husain,2004. Ekonomi Islam,Prinsip, Dasar, dan Tujuan, Magistra Insania Press,Yogyakarta(AT)

2.  Tahir, S., Gazali , A., and Omar,S. 1992. Readings in Microeconomics, An Islamic Perspective. Longman Malaysia Sdn. Bhd. (TAH)

3.  Metwally, M. 1995. Teori dan Model Ekonomi Islam.PT. Bangkit Daya Insana. (MET)

4.  Antonio, M.S.  2001. Bank Islam dari Teori dan Praktek. Gema Insani Press dan Tazkia Cendekia. (ANT)

5.  Nasution,Mustafa Edwin,2007,Pengenalan Eksklusif Ekonomi Islam (NAS)

6.  Muhammad, 2004. Ekonomi Mikro Dalam Perspektif Islam. BPFE Yogyakarta. (MUH)

Planned learning activities and teaching methods

Classical Lectures and Discussion

Language of instructions

Bahasa, English

Assessment methods and criteria

Portfolio, Showcase

Course unit titles

Islamic Monetary Economics

Course unit code

EKS609

Type of course unit (compulsory, optional)

Optional

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)

Second year

Semester/trimester when the course unit is delivered

3rd semester

Number of ECTS credits allocated

3 credits (4.8 ECTS)

Name of lecturer(s)

Prof.Dr. Raditya Sukmana

Dr. Sri Herianingrum

Learning outcomes of the course unit

After finishing the course, students will be able to understand Islamic monetary economics, which is essentially about the role of the central bank in influencing the economy through Islamic financial instruments and the existing transmission mechanisms. In addition to understanding the use of contemporary currencies and all their impacts, students will understand the basics of gold as a currency to make research proposals / theses with good quantitative and qualitative methods (clear research objectives, research gaps, relevant to current conditions and follow the right methodology )

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

face-to-face, distance learning

Prerequisites and co-requisites (if applicable)

---

Course content

The course teaches students related to the way the central bank regulates the economy through its instruments to regulate the money supply in the community. In addition to studying instruments, this course will also study the transmission mechanism that links central bank policy and the economy.

This course begins with the objective of Islamic monetary economy, which is then continued with money as currency, the mechanism of transmission and also discusses alternative currencies, namely gold. 

Recommended or required

reading and other learning resources/tools

1.  Solikin M Juhro, Darsono, Ferry Syarifuddin, Ali Sakti Editor Muhammad Syafii Antonio "Kebijakan Moneter Syariah Dalam Sistem Keuangan Ganda Teori dan Praktik"."Tazkia Publishing".2018

2.  Perry Warjiyo, Solikhin M Juhro” Kebijakan Bank Sentral Teori dan Praktik” . PT Rajawali Pers.2016

3.  Umer Chapra "Sistem Moneter Islam" 2000."Gema Insani Pers.  / Towards a just monetary system.

4.  Hifzur Rab. “Economic Justice in Islam : Monetary Justice and The Way Out of Interest (Riba)”. AS Noordin. 2006

5.  Muhammad Natsir “Ekonomi Moneter dan Kebanksentralan”2014. Mitra Wacana Media      

6.  Umer Chapra. “Sistem Ekonomi Moneter Islam”. Gema Insani Pers. 2002

7.  Economics of Money Banking, Frederic Mishkin

8.  Part I : Seigniorage of Fiat Money and the maqasid al-Shariah: the unattainableness of the maqashid, Ahamed Kameel Mydin Meera, Moussa Larbani (2006) Humanomics, Vol 22 Issue:1, pp.17-33

9.  Seigniorage of Fiat Money and the maqasid al-Shariah:The compatibility of the gold dinar with the maqashid

Planned learning activities and teaching methods

Quiz, Questions and answers, and independent study

Language of instructions

Bahasa, English

Assessment methods and criteria

  • Non-test form summarizes the general framework and Islam
  • Quiz