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)

  1. Dr. Muhamad Nafik Hadi Ryandono, SE., M.Sc.
  2. Dr. Tika Widiastuti, SE., MSi
  3. 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