Islamic Development Economics 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
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.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
Islamic Financial Institutions 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 Rodhoni. Lembaga Keuangan Islam M.Nafik H.R. Bursa Efek Syariah. Saiful Azhar Rosly. Islamic Banking and Financial Market Zamir Iqbal dan Abbas Mirakhar. Islamic Finance. BI, OJK, DSN IDB, IFSB, AAOIFI, IIRA Relevant Journals 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
Islamic Financial Management 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.
Islamic Leadership 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)
Islamic Macroeconomics 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 Askari, H., Iqbal, Z., and Mirakhor, A., (2015). Introduction to Islamic Economics: Theory and Application. John Wiley & Sons, Singapore. M. Abdul Mannan (MA), Ekonomi Islam, teori dan praktek Muhammad (Muh1), Kebijakan Fiskal dan Moneter Dalam Ekonomi Islam 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.
Islamic Microeconomics 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) Dr. Tika Widiastuti, SE., MSi (PJMK) Prof. Dr. Raditya Sukmana, SE., MA 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
Islamic Monetary Economics 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
Islamic Political Economics Course unit titles Islamic Political Economics Course unit code EKS612 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.Syifaul Qulub, S.Ag. M.EI Ilmiawan Auwalin, SE, M.App.Ec.,Ph.D Dr. Irham Zaki, S.Ag., M.EI Dr. Imron Mawardi, SP., M.Si Learning outcomes of the course unit After taking the course, students are expected to be able to analyze the basic differences between Islamic and conventional political economy in terms of philosophy, principles, and techniques. Students are also able to provide an accurate analysis of the role and policies of the state in the economy, both nationally and internationally. And students are able to practice the process of Islamic political economy through case studies or going directly to the field Mode of delivery (face-to-face, distance learning) face-to-face, distance learning Prerequisites and co-requisites (if applicable) Islamic Macroeconomics Course content The Islamic Political Economy course contains a comprehensive economic analysis regarding the perspective of Islamic economics on the distribution of wealth to realize the welfare of the community. Islamic Political Economy focuses on the analysis of the role of state or government institutions in overcoming all economic problems that are more specifically related to the distribution of wealth in society from a political point of view. After taking this course, students are expected to be able to analyze Islamic economic policies from a political perspective, including basic understanding, policy objectives, policy instruments, and the role of the government or ministries or institutions related to the economic field in particular. Recommended or required reading and other learning resources/tools 1. Masudul Alam Choudhury, 1992. "The Principles of Islamic Political Economy," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-22439-5, April 2. Abdurrahman al-Maliki, Politik Ekonomi Islam. Bogor: Al Azhar Press, 2009. 3. Didik J. Racbini, Ekonomi Politik, 2006. 4. Didik J. Rachbini, Ekonomi Politik dan Kebijakan Publik, 2001. 5. Dwi Condro, Ekonomi Islam Madzhab Hamfara Jilid 2: Ekonomi Pasar Syariah, Yogyakarta: Irtikaz, 2017 6. Hudiyanto, Ekonomi Politik, Jakarta: PT. Bumi Aksara, 2008. 7. Husain, Matla, Antara Ekonomi Orang Merdeka dan Ekonomi Terjajah, Yogyakarta:Matla, (2007) 8. The Principles of Islamic Political Economy: A Methodological Inquiry, by Masudul Alam Choudhury. 283 pages, glossary, figures, tables, notes and references, index. New York: St Martin’s Press, 1992 Planned learning activities and teaching methods Synchronous and Asynchronous Discussion Language of instructions Bahasa, English Assessment methods and criteria Presentation Assignments, Papers, Resume, Journal Review
Islamic Public Finance Course unit titles Islamic Public Finance Course unit code EKS602 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. Muhamad Nafik Hadi Ryandono, SE., M.Sc. Dr. Tika Widiastuti, SE., MSi Dr. Sri Herianingrum, SE., M.Si Learning outcomes of the course unit After finishing the course students are expected to be able to understand public finance based on the Qur'an and Hadith, understand the history of Islamic public finance and economics, understand the theoretical foundations and applications of contemporary public finance, the concept of state financial spending and the general public based on historical experience. Islam, understand the concept of Islamic public finance policy. Mode of delivery (face-to-face, distance learning) face-to-face, distance learning Prerequisites and co-requisites (if applicable) Islamic economics Course content Islamic Public finance provides students with knowledge about public finance in an Islamic perspective. This course discusses and examines the history of Islamic public finance, the theoretical foundations and applications of contemporary public finance, the concept of state financial spending based on an Islamic economic perspective. The concept of state financial revenues with an emphasis on discussion of zakat and other state revenues both classically and contemporary, as well as the concept of public expenditure in an Islamic economic perspective. Recommended or required reading and other learning resources/tools Main References: 1. Widiastuti, Tika., dkk. Keuangan Publik Syariah. Nararya Publishing. 2020 2. Muhammad, Kebijakan Fiskal dan Moneter dalam Ekonomi Islam, Jakarta: Salemba Empat. 2002 3. Huda, Nurul. Keuangan Publik Islam. 2011 4. Huda, Nurul. Keuangan Publik Islam: Teori dan Praktik. 2012 5. Mannan M Abdul, Teori dan Praktek Ekonomi Islam,Dana Bhakti Wakaf, Yogyakarta, 1993, bab 13. 6. Muhammad, Yousuf Kamal, The Principles of the Islamic Economic System, Islamic Inc. Publishing & Distribution, Cairo. 7. Chapra M Umer, The Future of Economics (an Islamic Perspective), the Islamic Foundation, 2000, Leicester, chapter 7, p 330-356. Journals: 1. Mawardi, Imron, Widiastuti, T., Anova, D. F., Al Mustofa, M. U., Ardiantono, D. S., & Insani, T. D. (2019). Public Debt as a Source of Financing for Government Expenditures in the Perspective of Islamic Scholars. Humanities and Social Sciences Reviews, 7(4), 285–290. https://doi.org/https://doi.org/10.18510/hssr.2019.7436 Planned learning activities and teaching methods Classical Lectures and Group Discussions Language of instructions Bahasa, English Assessment methods and criteria Portfolio, Showcase
Islamic Risk Management Course unit titles Islamic Risk Management Course unit code MNK621 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) Imron Mawardi, SP, MSi Leo Herlambang, Se.,MM DR. M. Nafik HR, SE, MSi Learning outcomes of the course unit After finishing the course, students are expected to be able to discuss risks and uncertainties from an Islamic perspective and design certain risks from a sharia perspective. 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 Islamic risk management course discusses the concept of risk in Islam, risk and return, risk management processes, risk identification techniques, predicting the possibility of risk occurrence, knowing the impact of risk (value at risk), risk management, diversification, risk in non-financial companies, risk on the Capital Market, Risks on Takaful (Islamic Insurance), Risks on Islamic Banks Recommended or required reading and other learning resources/tools 1. Tariqullah Khan & Habib Ahmed, Risk Management, Islamic Research and Training Institute (IRTI)- Islamic Development Bank, Jeddah, 2001 (TH) 2. Mamduh M. Hanafi, Manajemen Risiko, UPP STIM YKPN, Yogyakarta, 2006 (MM) 3. Muhammad Syakir Sula, Asuransi Syariah, Gema Insani, Jakarta, 2004. (MS) A.M. Hasan Ali, Asuransi dalam Perspektif Hukum Planned learning activities and teaching methods Lectures, Lectures, Practice Questions Language of instructions Bahasa, English Assessment methods and criteria Assignments, UTS, UAS
Islamic Wealth Management Course unit titles Islamic Wealth Management Course unit code MNK632 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.Atina Shofawati, SE., M.Si Dr. Nisful Laila, SE., M. Si Learning outcomes of the course unit After finishing the course, students are able to analyze the concepts, theories and practices of Islamic wealth management and Islamic financial planning, risk management and sharia insurance as well as investment management and also understand fiqh and the practice of inheritance and faraid. 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 knowledge about the basic concepts, theories and practices of Islamic wealth management and Islamic Financial Planning as well as understanding the jurisprudence and practice of Inheritance and Faroidh in a comprehensive and integrated manner with an understanding of the concepts of risk management and sharia insurance as well as Islamic consumption, zakat, infaq. and shadaqah and have managerial skills in Islamic investment management and tax planning Recommended or required reading and other learning resources/tools 1. Islamic Wealth Management: Theory and Practice Edited by Mohamed Ariff and Shamsher Mohamad (Cheltenham: Edward Elgar Publishing, 2017.Foundations of Islamic Finance), xiv + 398 2, Mohamed Ariff. Islamic Wealth Management Edward Elgar Publishing 3. Mohd Ma'Sum Billah Islamic Wealth And The SDGs. Published by: Palgrave MacMillan 4. Dr Sadali bin Rasban Made Simple Islamic Wealth Management Iwm 5. Ruslinda Sulaiman Islamic Wealth Management And Financial Advisory 6. Kitab Faraid 7. Kitab Waris 8. Murniati M.Sakinah Finance Planned learning activities and teaching methods Presentation and Discussion Language of instructions Bahasa, English Assessment methods and criteria Participation in class discussions Able to work on UTS and UAS questions