The Bachelor's Program in Islamic Economics and Finance provides an education to understand and apply economic and financial transactions based on Islamic principles. The program provides a comprehensive study of business transactions, financial products and services shaped by Islamic law and ethics. The fundamental principles of Islamic finance include the prohibition of interest (riba) and transactions involving uncertainty (gharar) and gambling (maysir). These principles underpin Islamic finance products such as participation banking and insurance (takaful).
The academic content of the program covers topics such as Islamic economic theories, monetary and banking systems, risk management, Islamic capital markets and derivative instruments. It also provides students with in-depth knowledge of the functioning of Islamic financial institutions, financial markets and products. The teaching methods are based on lectures, seminars, case studies and analysis of real-world financial problems.
Career opportunities for Islamic Economics and Finance graduates are generally concentrated in areas such as Islamic banks, financial institutions, insurance companies, investment funds and consulting firms. Graduates can pursue careers as financial analysts, portfolio managers, risk analysts, financial planners and many other positions. There are also opportunities to work internationally in the fast-growing global Islamic finance sector.
Internship and practice opportunities offer students the opportunity to combine their theoretical knowledge with practice and gain real work experience in the sector. These programs are organized to ensure that students are ready for the business world when they graduate. The Islamic Economics and Finance program aims to educate ethical and responsible individuals in the field of economics and finance in accordance with Islamic values. Studying in this field also enables the development of knowledgeable professionals who will contribute to the development of ethical and sustainable practices within global financial systems.