ISLAMIC PUBLIC FINANCE
Module/Course Title : ISLAMIC PUBLIC FINANCE Course Cluster : Elective Course
Course Coordinator:
• Prof. Dr. M.Pudjihardjo, S.E.,M.S Lesson Plan Developer:
• Dr. Asfi Manzilati, S.E.,M.E
• Dr. Iswan Noor, S.E.,M.E Module/
course code
Student
workload Credits (ECTS) Semester Frequency Duration MIE80314 16 x 3CU x
170 minutes
3 CU x 1,5 ECTS
2nd Semester Odd & Even Semester
1 Semester 1 Types of courses
Lecture Contact hours Independent
study
Class size 20 students 16 x 3CU x
50 minutes
16 x 3CU x 120 minutes 3 Prerequisites for participation (if applicable)
-
4 Learning Outcomes:
a) Intended Learning Outcomes (ILO)
1) Capable of internalizing academic, normative and ethical values based on local and spiritual values (ethical awareness) (ILO 2)
2) Capable of mastering the scientific paradigm of Development Economics, Financial Economics and Banking, Development Planning and Regional Finance, and Islamic Economics (ILO 3)
3) Capable of evaluating economic policies and providing alternative solutions through inter and multidisciplinary approaches (ILO 6)
4) Capable of developing logical, critical, systematic, creative thinking and formulating scientific conceptions (ILO 9)
b) Course Learning Outcomes (CLO)
1) Capable of understanding the differences between Islamic public policy and conventional public policy (CLO 1)
2) Capable of understanding economic aspects through Islamic financial instruments (CLO 2)
3) Capable of understanding what defines a citizen welfare from the Islamic perspective. (CLO 3)
5 Subject aims/Content
1) Introduction to Islamic Public Economics (CLO 1) 2) Basic Principles of Islamic Public Policy (CLO 1)
3) The function of state government in the public sector from the Islamic perspective (CLO 1)
4) Individual Goods, State Goods, and Public Goods (CLO 1)
5) Provision of Public Goods by the State to Improve People's Welfare (CLO 3)
6) Public Economics and Finance (CLO 1) 7) Public Finance in the Qur'an (CLO 2)
8) Public Finance in the History of Islamic Governance (CLO 2) 9) Fiscal Policy and Characteristics of Islamic Public Finance (CLO 2) 10)Islamic Public Finance Instrument: Zakat (CLO 2)
11)Islamic Public Financial Instruments: Kharaj & Jizyah (CLO 2) 12)Islamic Public Finance Instrument: Non-Zakat (CLO 2) 13)Other fiscal instrument items (CLO 3)
14) Market Supervisory Agency: Al Hisbah (CLO 3) 6 Teaching Methods
1) Cooperative Learning 2) Collaborative Learning 3) Lecture
7 Assessment Methods
Participation, Assignment, Mid-term Exam, and Final Exam
8 This Module/Course is Used in the Following Study Programme/s as well Master Program in Economics
9 Responsibility for Module / Course Team
10 Other Information References:
1) Abidin Ahmad Salama, Fiscal Policy of An Islamic State, Readings in Public Finance in Islam, (Edited by Mahamoud A. Gulaid & Mohamed Aden Abdullah), Islamic Research and Training Institute (IRTI) – Islamic Development Bank (IDB), Jeddah, Kingdom of Saudi Arabia, 1995
2) Muhammad Akram Khan, The Role of Government in the Economy, The American Journal of Islamic Social Sciences, Vol. 14, No. 2, 1997.
3) F.R. Faridi, “A Theory of Fiscal Policy in An Islamic State,” Readings in Public Finance in Islam, Islamic Research and Training Institute (IRTI) - Islamic Development Bank (IDB).
4) Hafas Furqani, Institusi Hisbah: Studi Model Pengawasan Pasar Dalam Sistem Ekonomi Islam, Skripsi S1, jurusan Muamalat (Ekonomi Islam), Fakultas Syariah UIN Syarif Hidayatullah, Jakarta, 2002 M/1423 H.
5) Hasanuzzaman, Economic Functions of An Islamic State (The Early Experience), The Islamic Foundation, Leicester UK, 1991.
6) M.A. Sabzwari, “Sistem Ekonomi dan Fiskal Pada Masa Khulafaur Rasyidin,”
Sejarah Pemikiran Ekonomi Islam, (Editor: Adiwarman Karim, SE, MA), The International Institute of Islamic Thought Indonesia (IIIT), 2002.
7) Monzer Kahf, “The Performance of the institution of Zakah in Theory and Practice,” The International Conference on Islamic Economics Towards the 21st Century, Kuala Lumpur - Malaysia, April, 1999.
8) Muhammad Nejatullah Siddiqi, Role of The State In The Economy: An Islamic Perspective, The Islamic Foundation, United Kingdom, 1996.
