41119 Islamic Economics

Course Description

This course includes principles of Islamic economic thought. Modern development that emerged from these principles, including Al-Musharakat, Al-Mudarabat, Al-Murabahat, Al-ijarat and other systems. Some contemporary non-Islamic studies that is similar to current Islamic economic thought; contemporary applications of the Islamic economics.

Learning Objective

  • Providing basic knowledge of the principles of Islamic economics and the Islamic economic system
  • Develop skills necessary to appreciate an alternative to a commonly familiar approach of interpreting the economic behaviour of men and women in the society.
  • Help the students probe liberally outside the frontiers of Familiar forms of capitalist and socialist systems.



Books for this Course

  • "Fundamentals of Islamic Economic SystemBy Dr. Muhammad Sharif Chaudhry MA, LLB, PhD (1999) Teaching Islamic Economics Dr Mumammad Nejatullah Siddiqi (2005)"

Times Offered

  • September 2015
  • January 2016

Course Prerequisite