INTERNATIONAL PROGRAM for ISLAMIC ECONOMICS & FINANCE (IPIEF)
Faculty of Economics and Business UNIVERSITAS MUHAMMADIYAH
YOGYAKARTA
Faculty Economics & Business
Department Economics
Programme Bachelor of Accounting and IPIEF Course Title Islamic Social Finance
Course Code IPE19221 Status Compulsory
Level 3, 4
Credit Hours 3
Contact Hours Lectures: Saturday 9.50-11.30 (100 minutes per week) Non-class discussion and self-study, 50 minutes per week
Venue PS 407
Pre-requisites (if any)
None.
However it is preferable that students have undertaken the Islamic economics course.
Co-requisites (if any)
None
Instructional Strategies
Lectures, Case Studies in Groups, Class Presentations, Critical and Analytical Essay
Course Assessment State weightage of each type of assessment.
LO Method %
All Competence Test 1 25
1,2,4,5 Competence Test 2 25
1, 3, 4 Case Study (CT 3) 15
1,2,4,5 Presentation (CT 3) 10
All Competence Test 4 25
Mark / Grade Scaling
A 80 or above C 50 to 59
AB 75 to 79 D 35 to 49
B 65 to 74 E Below 35
BC 60 to 64
Instructor 1. Muhammad Akhyar Adnan, Ph.D., MBA., CA., Ak.
PuSPEIFi Office;
Phone: 0274 387 656. Ext 157; Mobile /WA: 0813-9242-5450 E-mail: [email protected]; [email protected]
2. Dimas Bagus Wiranata Kusuma, Dr., M. Sc.
Phone / WA: 0813-1632-8255 E-mail:
Semester Offered
Semester IV
Course Synopsis This course will discuss the principles of Islamic Social Finance, which should be understood and applied by all Muslims daily along their life. Due to time constraint, the discussion will be limited to basic understandings of Islamic Social Finance.
The course will be continued by a discussion of some Islamic Social Financial Institutions known widely, which include: Zakat, Waqf /Awqaf, Baitul Mal, Hisbah, Masjid Fund, Hajj Fund and so forth.
Course Objectives
1. To introduce the concept and principles of Islamic Social Finance
2. To study various types of Islamic Social Financial institutions.
3. To familiarize students with the contemporary issues on Islamic Social Finance and related institutions.
Learning Outcomes
Upon completion of this course, students should be able to:
1. Demonstrate the understanding of the objectives, concepts and systems of Islamic Social Finance.
2. Demonstrate the understanding of the objectives, concepts and systems of various Islamic Social Finance Institutions.
3. Demonstrate the understanding of the contemporary issues in Islamic Social Finance and the related Institutions.
Content Outlines
Weeks Topics Task/Reading
1 Ta’arruf
Character building:
Prophet Muhammad (pbuh) as the best model The SIFAT of Prophet Muhammad (pbuh) Syllabus explanations
Introduction: Concepts of Islamic Social Finance
Selected verses of Holy Qur’an and Hadith, among others:
QS 33:21 Cattelan, V.
(2019) 2 • The imperative of Islamic Social Finance for
Muslims
• The comprehensiveness of the Qur’an and in the Sunnah as a life guidance for Muslims
QS 107: 1-7 QS 5:3 QS 6:38
3 • The purpose and the significance of Islamic Social Finance
• The practice of Islamic Finance in Early Islam
Adnan, MA (2009) 4 Conceptual differences between Islamic Social
Finance and Conventional Social Finance
5 Zakat and Awqaf Qaradawi,
Y. (1988) 6 Competence Test 1
7 Islamic Social Finance Institutions:
Baitul Maal
8 Baznas
9 LAZ
10 BWI
12
Competence Test 2
13 Masjid Fund Adnan, MA
(2012)
14
BPKH (Hajj Fund) Adnan, MA
(2018) 15 Arisan (Rotating Saving & Credit Association)
16 Cooperative
17 Hisbah
18 Competence Test 3
References Recommended:
Cattelan, Valentino [Ed] (2019) Islamic Social Finance, Entrepreneurship, Cooperation and the Sharing Economy. (London & NewYork:
Routledge, Taylor and Francis Group).
Ahmed, Habib [Ed] (2002) Theoritical Foundations of Islamic Economics.
(Jeddah: IDB – IRTI).
Metwally, M. M. (1993) Essays on Islamic Economics. (Culcutta: Academic Publishers)
Kahf, Monzer [Ed] (1998) Lessons in Islamic Economics. (Jeddah: IDB-IRTI) Chapra, M. Umer (2000) Islam dan Tantangan Ekonomi. (Jakarta: Gema Insnai
Press and Tazkia Institute)
Abu Saud, M. (1988). Contemporary Islamic Economics. Ohio: Islamic Economics and Research Foundation
Al-Qardawi, Y. (1988). Hukum Islamic Economics (Fiqh al-Islamic Economics). Singapura: Pustaka Nasional
Ghazali, A. (1988). Islamic Economics: Satu tinjauan. Kuala Lumpur: IBS Buku
Kahf, M. (1991). Islamic Economics: Unresolved issues in contemporary fiqh.
In Sadeq,
Nik-Hassan, N.M. (1991). Islamic Economics in Malaysia: Present and future status. In Sadeq.
Proposed
Start Date (Semester)
Semester IV, 2019/2020 Batch of
Students to be Affected
First Intake, Semester I, 2018/2019 (?)
Prepared by:
Muhammad Akhyar Adnan, Ph.D.
Checked by:
Dr. Dimas Bagus Wiranata Kusuma
Approved by:
Dr. Imamuddin
Endorsed by:
Rizal Yaya, Ph.D.
Course Coordinator Director, Int’l Program for Islamic Economics and Finance (IPIEF)
Head of Department Dean of Faculty
