The academic content and curriculum of the Bachelor's Program in Islamic Economics and Finance aims to provide an in-depth understanding and application of economic and financial systems based on Islamic principles. The curriculum covers core topics such as Islamic economic theory, Islamic financial law (Fiqh), financial management, risk management, accounting and auditing. In addition, the program provides students with knowledge and skills in specialized subjects such as Islamic financial markets, Islamic banking, insurance (Takaful) and capital markets. Here are some of the important components of the program:
Introduction to Islamic Economics and Finance: This course covers the basic principles, history and development of Islamic economics and finance. Students learn about Islamic economic thought and interest-free financial systems.
Fiqh and Islamic Law: To understand the legal foundations of Islamic finance, students are taught Islamic law (Shariah) and the rules of fiqh as applied to financial transactions.
Financial Accounting and Reporting: Focusing on Islamic financial accounting principles, standards and reporting methods, this course covers accounting processes in Islamic financial institutions.
Risk Management and Insurance (Takaful): Risk management techniques and the principles, functioning and management of Takaful, Islamic insurance.
Islamic Banking and Financial Institutions: This course examines in detail the structure, functions and products of Islamic banks and financial institutions. Topics such as participation banking, profit-loss partnership are covered.
Capital Markets and Islamic Investment Products: Provides detailed information on Islamic capital markets, equities, sukuk (Islamic bonds) and other Islamic investment instruments.
Islamic Financial Planning and Advisory: Focuses on the practice of providing financial planning and investment advisory services to individual and corporate clients in accordance with the principles of Islamic finance.
The program includes theoretical knowledge as well as practical applications such as case studies, internships and analysis of real-world financial problems. Students are kept up to date with developments in the world of Islamic finance by following current events and attending presentations by expert guest speakers. This curriculum is designed to ensure that students graduate as effective and well-equipped professionals in the field of Islamic finance.