Insurance and Social Security
Course Details
KTO KARATAY UNIVERSITY
İktisadi, İdari ve Sosyal Bilimler Fakültesi
Programme of Insurance and Social Security
Course Details
İktisadi, İdari ve Sosyal Bilimler Fakültesi
Programme of Insurance and Social Security
Course Details
| Course Code | Course Name | Year | Period | Semester | T+A+L | Credit | ECTS |
|---|---|---|---|---|---|---|---|
| 0106000 | Islamic Insurance and Takaful | 2025 | Spring | 6 | 3+0+0 | 5 | 5 |
| Course Type | Compulsory |
| Course Cycle | Bachelor's (First Cycle) (TQF-HE: Level 6 / QF-EHEA: Level 1 / EQF-LLL: Level 6) |
| Course Language | Turkish |
| Methods and Techniques | Lecturing, question and answer, discussion, conceptual analysis, comparative system analysis, fiqh-based evaluation, case analysis, examination of AAOIFI standards and relevant legislation, and evaluation through current market data and sectoral practices. |
| Mode of Delivery | Face to Face |
| Prerequisites | None. |
| Coordinator | - |
| Instructor(s) | Dr. Res. Asst. Abdullah Buğra SOYLU |
| Instructor Assistant(s) | - |
Course Instructor(s)
| Name and Surname | Room | E-Mail Address | Internal | Meeting Hours |
|---|---|---|---|---|
| Dr. Res. Asst. Abdullah Buğra SOYLU | C-104 | [email protected] | 7803 | Wednesday 10:00-12:00 |
Course Content
This course covers the historical development of risk and insurance concepts and their place in Islamic thought (riba, gharar, maysir). It examines the core principles, legal elements, and dispute resolution mechanisms of traditional and Islamic insurance (takaful) contracts. Within the scope of the curriculum, Mudarabah, Wakalah, Hybrid, and Waqf-based takaful models are analyzed comparatively through case studies. Additionally, the course explores the management and supervision of takaful undertakings under AAOIFI standards, alongside the current status and future expectations of the global market and participation insurance in Türkiye.
Objectives of the Course
The aim of this course is to enable students to evaluate the concepts of risk and uncertainty within the context of Islamic thought; to understand the basic elements of conventional insurance contracts, the obligations of the parties, and the main areas of fiqh-based discussion; to analyze insurance practices in relation to riba, gharar, and maysir; and to evaluate takaful contracts and models in comparison with conventional insurance within the framework of AAOIFI standards and participation insurance practices in Türkiye.
Contribution of the Course to Field Teaching
| Basic Vocational Courses | |
| Specialization / Field Courses | X |
| Support Courses | |
| Transferable Skills Courses | |
| Humanities, Communication and Management Skills Courses |
Relationships between Course Learning Outcomes and Program Outcomes
| Relationship Levels | ||||
| Lowest | Low | Medium | High | Highest |
| 1 | 2 | 3 | 4 | 5 |
| # | Program Learning Outcomes | Level |
|---|---|---|
| P1 | To master the main theories and terminology of Insurance and Social Security, and to learn the legal and legislative aspects of the field at a level to apply them, | 5 |
| P4 | To be able to analyze the strategic, tactical and operational processes of institutions and businesses in the field of Insurance and Social Security; to have the knowledge and skills to interpret and report sector data at national and international level and to assume managerial responsibility in this field, | 4 |
| P5 | To be able to combine different disciplines and field knowledge and to be able to conduct professional, social and scientific researches and to be able to transfer the findings in written and oral form, | 4 |
| P9 | To comprehend the theoretical and practical knowledge of basic processes in the fields of insurance and private pension; to have professional skills and competencies in areas such as management of social insurance funds, technical operations specific to insurance branches and marketing of services | 4 |
Course Learning Outcomes
| Upon the successful completion of this course, students will be able to: | |||
|---|---|---|---|
| No | Learning Outcomes | Outcome Relationship | Measurement Method ** |
| O1 | P.1.2 | 1 | |
| O2 | P.1.6 | 1 | |
| O3 | P.4.1 | 1 | |
| O4 | P.5.1 | 1 | |
| O5 | P.9.2 | 1 | |
| ** Written Exam: 1, Oral Exam: 2, Homework: 3, Lab./Exam: 4, Seminar/Presentation: 5, Term Paper: 6, Application: 7 | |||
Weekly Detailed Course Contents
| Week | Topics |
|---|---|
| 1 | The Place of the Concepts of Risk and Uncertainty in Islamic Thought |
| 2 | The Historical Development of Risk |
| 3 | The Emergence of the Concept of Insurance and Basic Insurance Principles |
| 4 | Insurance Contract and Its Essential Elements |
| 5 | Obligations of the Parties, Disputes, and Statute of Limitations in Insurance Contracts |
| 6 | Prohibited Elements in Insurance Contracts from an Islamic Perspective: Riba, Gharar, and Maysir |
| 7 | Prohibited Elements in Insurance Contracts from an Islamic Perspective: Riba, Gharar, and Maysir |
| 8 | Structure, Operation, and Organizational Structure of Conventional Insurance Companies |
| 9 | Islamic Insurance (Takaful) Contracts |
| 10 | Takaful Models: Mudarabah, Wakalah, Hybrid, Waqf |
| 11 | Takaful Models: Mudarabah, Wakalah, Hybrid, Waqf |
| 12 | Comparison of Takaful Models and Case Studies |
| 13 | Management and Supervision of Takaful Operators within the Framework of AAOIFI Standards |
| 14 | Current Status and Future Expectations of the Takaful Market in the World and Türkiye |
Textbook or Material
Evaluation Method and Passing Criteria
| In-Term Studies | Quantity | Percentage |
|---|---|---|
| Attendance | - | - |
| Practice | - | - |
| Field Study | - | - |
| Course Specific Internship (If Any) | - | - |
| Homework | - | - |
| Presentation | - | - |
| Projects | - | - |
| Seminar | - | - |
| Quiz | - | - |
| Listening | - | - |
| Midterms | 1 | 40 (%) |
| Final Exam | 1 | 60 (%) |
| Total | 100 (%) | |
ECTS / Working Load Table
| Quantity | Duration | Total Work Load | |
|---|---|---|---|
| Course Week Number and Time | 14 | 3 | 42 |
| Out-of-Class Study Time (Pre-study, Library, Reinforcement) | 14 | 4 | 56 |
| Midterms | 1 | 20 | 20 |
| Quiz | 0 | 0 | 0 |
| Homework | 0 | 0 | 0 |
| Practice | 0 | 0 | 0 |
| Laboratory | 0 | 0 | 0 |
| Project | 0 | 0 | 0 |
| Workshop | 0 | 0 | 0 |
| Presentation/Seminar Preparation | 0 | 0 | 0 |
| Fieldwork | 0 | 0 | 0 |
| Final Exam | 1 | 32 | 32 |
| Other | 0 | 0 | 0 |
| Total Work Load: | 150 | ||
| Total Work Load / 30 | 5 | ||
| Course ECTS Credits: | 5 | ||
Course - Learning Outcomes Matrix
| Relationship Levels | ||||
| Lowest | Low | Medium | High | Highest |
| 1 | 2 | 3 | 4 | 5 |
| # | Learning Outcomes | P1 | P4 | P5 | P9 |
|---|---|---|---|---|---|
| O1 | Özel ve kamu sigortalarının terminolojisine hakim olma | 5 | - | 2 | 3 |
| O2 | Hukuki ve yasala düzenlemelerin kavranması ve uygulama açısından değerlendirilmesi | 5 | 3 | 3 | 3 |
| O3 | Sigorta kapsamında kurulan işletmelerin stratejik amaçlarını, genel işleyişini ve operasyonel boyutlarını kavrama | 2 | 5 | 3 | 4 |
| O4 | Kültür ve etik konularının detaylı öğrenimi ve disiplinler arası etkileşimin kavranması | 3 | 2 | 5 | 2 |
| O5 | Sigorta hizmetlerinin sunumu ve bireylere katkılarının belirlenmesi konusunun kavranması | 2 | 3 | 2 | 5 |