Formulate and adopt the conventional economic concepts to shari'a principles  Have an understanding of Islamic concepts and philosophy, and have applied shari'a principles to economic and business issues

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Halal Economy Department : Halal Economy

Grade : 6^thSemester ( Even Semester 2022/2023)

Credits : 3 (150 minutes / meeting, 16 meetings in 1 semester) Instructor : Ahmad Dzakirin, S.E.I., M.B.A. (dzakirin@gmail.com)

Description :

This course aims to introduce students of the philosophy of Islamic Economics and to understand the mechanism of the system with Islamic values. Furthermore, to comprehend the differences from the existing economic systems.

The Course Features Students will be able to:

 Identify negative impact of Maisir (gambling), Gharar (uncertainty), and Riba (usury) in the economic and business

 Derive the shari'a arguments and the transactional contracts

 Reports and classifies contemporary cases

 Analyze then apply shari'ah arguments to preliminary cases.

 Formulate and adopt the conventional economic concepts to shari'a principles

 Have an understanding of Islamic concepts and philosophy, and have applied shari'a principles to economic and business issues.

Reference :

 Askari, Hossein, Et.al. (2015). Introduction to Islamic Economics: Theory and Application. Singapore: John Wiley & Sons

 Chapra, Umer. (2001). What is Islamic Economics. Jeddah: IRTI.

 Choudhury, Masudul Alam. (1986). Contributions to Islamic Economic Theory: A Study in Social Economics. New York: St. Martin's Press, Inc.

 Nugroho, Eko B. & Choiruzzad, S. Al Banna. (2013). Indonesia's Islamic economy project and the Islamic scholars. Procedia Environmental Sciences, 17, 957 – 966.

doi: 10.1016/j.proenv.2013.02.114

 Addas, Waleed A.J. (2008). Methodology of Economics: Secular vs Islamic. Kuala Lumpur: International Islamic University Press.

 ISRA. (2015). Islamic Financial System: Principles and Operations. Kuala Lumpur.

 Wilson, Rodney & El-Ashker, Ahmed. (2006). Islamic Economics: A Short History.

Leiden: Brill

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Assessment :

Assessment for this module are:

 Total participation and discussion at 15%

 Assignment for Infographic at 20%

 Paper at 15%

 Mid competency test at 25%

 Final competency test at 25%

Syllabus

Week Content

1 Identify negative impact of Maisir (gambling) Gharar (uncertainty), and Riba (usury) in the economic and business

2-5 Derive the shari'a arguments and the transactional contracts 6 Reports and classifies contemporary cases

7 Analyze then apply shari'ah arguments to preliminary cases.

8-10 Formulate and adopt the conventional economic concepts to shari'a principle

11-16 Have an understanding of Islamic concepts and philosophy, and have applied shari'a principles to economic and business issues.