Islamic Economics and Finance
Course Details
KTO KARATAY UNIVERSITY
İktisadi, İdari ve Sosyal Bilimler Fakültesi
Programme of Islamic Economics and Finance
Course Details
İktisadi, İdari ve Sosyal Bilimler Fakültesi
Programme of Islamic Economics and Finance
Course Details
| Course Code | Course Name | Year | Period | Semester | T+A+L | Credit | ECTS |
|---|---|---|---|---|---|---|---|
| 4760004 | Islamic Capital Markets | 3 | Spring | 6 | 3+0+0 | 4 | 4 |
| Course Type | Elective |
| Course Cycle | Bachelor's (First Cycle) (TQF-HE: Level 6 / QF-EHEA: Level 1 / EQF-LLL: Level 6) |
| Course Language | Turkish |
| Methods and Techniques | - |
| Mode of Delivery | Face to Face |
| Prerequisites | - |
| Coordinator | - |
| Instructor(s) | Assoc. Prof. Kamola BAYRAM |
| Instructor Assistant(s) | - |
Course Instructor(s)
| Name and Surname | Room | E-Mail Address | Internal | Meeting Hours |
|---|---|---|---|---|
| Assoc. Prof. Kamola BAYRAM | C-Z07 | [email protected] | 7808 |
Course Content
This course aims to introduce the fundamental dynamics of the Islamic financial system and the functioning of Islamic capital markets. Topics covered include Sharia-compliant financial products and instruments (such as sukuk, Islamic investment funds, murabaha, and ijara). Additionally, Islamic financial institutions, Islamic indices, risk management, Sharia-compliant auditing processes, and the role of Islamic capital markets within the global financial system will be discussed. Students will learn to compare Islamic financial instruments with conventional ones and understand the theoretical and practical foundations of Islamic capital markets.
Objectives of the Course
The capital markets play an important role in promoting an efficient financial system. This course focuses on the Islamic Capital Markets and explains its functions, objectives, components such as Sukuk Markets, Shariah Compliant Stocks, Islamic Funds, etc., growth and development, key requisites.
Contribution of the Course to Field Teaching
| Basic Vocational Courses | X |
| 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 | İslam İktisadı ve Finans alanında kuramsal ve uygulamalı bilgilere sahip olma, sahip olduğu bilgileri kullanabilme | 5 |
| P2 | İslam İktisadı ve Finans alanında edindiği bilgi, beceri ve yetkinlikleri kullanarak meseleleri tanımlama, veri toplama, değerlendirme, analiz etme, yorumlama ve çözüm önerisi geliştirebilme | 4 |
| P3 | İslam İktisadı ve Finans alanıyla ilgili farklı bilgi kaynaklarına erişip sayısal analiz ve araştırma yapabilme | 4 |
| P4 | Disiplin içi, çok disiplinli veya çok kültürlü gruplarda ve bireysel çalışabilme | 4 |
| P5 | Ahlaki değerler ve mesleki sorumluluk bilinci ile hareket edebilme | 2 |
| P6 | Alan uygulamalarının, evrensel ve toplumsal etkileri ile hukuki sonuçlarını bilme | 3 |
| P7 | Öğrenim dilinde yazılı ve sözlü iletişim kurabilme, en az bir yabancı dil bilgisine sahip olabilme | 2 |
Course Learning Outcomes
| Upon the successful completion of this course, students will be able to: | |||
|---|---|---|---|
| No | Learning Outcomes | Outcome Relationship | Measurement Method ** |
| O1 | Applies Islamic finance and economic principles to solve current economic problems. | P.1.3 | 1 |
| O2 | Effectively communicates knowledge in Islamic economics and finance both orally and in writing. | P.1.6 | 1 |
| O3 | Evaluates and classifies collected data using appropriate methods. | P.2.3 | 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 | Fundamentals of Business in Islamic Finance |
| 2 | Monetary System and Financial Mathematics, Concept of Interest, Money and Interest in Islam, Special Topics Related to Interest |
| 3 | Basic Financing Models (Products and Methods) Applied in Islamic Finance Companies in Terms of Finance |
| 4 | Financial Statements, Cash Flows, Depreciations and Taxes (Islamic Finance Evaluation in terms of) |
| 5 | Analysis of Financial Statements from the Perspective of Islamic Finance |
| 6 | Financial Forecasting, Planning and Budgeting within the Framework of Islamic Finance |
| 7 | Valuation of Islamic Financial Assets. Sukuk as an Important Financial Instrument, Its Types and its functioning. |
| 8 | Long Term Investment Decisions in Islamic Finance (Capital Budgeting, Cash Flow Principles, Valuation Methods) |
| 9 | Long Term Investment Decisions in Islamic Finance (Risk and Risk Analysis in Capital Budget, Islamic Finance Capital Cost and Decisions) |
| 10 | Long Term Financial Decisions in Islamic Finance (Leverage and Capital Structure policy, Dividend Policy and Internal Financing) |
| 11 | Short Term Financial Decisions in Islamic Finance (Working capital Management, Cash and Marketable Securities Management, Trade Receivables and Stock Management) |
| 12 | Special Topics in Islamic Finance Management (Long Term Foreign Resources and Financial Leasing) |
| 13 | Special Topics in Islamic Finance Management (Equity Financing and Joint Stock Companies) Going Public, Financing Strategies of Companies and Hybrid Fund Sources, Debt Management and Derivatives) |
| 14 | Growth in Companies, Mergers, Acquisitions and Holdings in Terms of Islamic Finance |
Textbook or Material
| Resources | İslami Sermaye Piyasaları Mukayeseli Bir Yaklaşım |
Evaluation Method and Passing Criteria
| In-Term Studies | Quantity | Percentage |
|---|---|---|
| Attendance | - | - |
| Course Specific Internship (If Any) | - | - |
| Homework | - | - |
| Presentation | - | - |
| Projects | - | - |
| Midterms | 1 | 60 (%) |
| Final Exam | 1 | 40 (%) |
| 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 | 2 | 28 |
| 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 | 30 | 30 |
| Other | 0 | 0 | 0 |
| Total Work Load: | 120 | ||
| Total Work Load / 30 | 4 | ||
| Course ECTS Credits: | 4 | ||
Course - Learning Outcomes Matrix
| Relationship Levels | ||||
| Lowest | Low | Medium | High | Highest |
| 1 | 2 | 3 | 4 | 5 |
| # | Learning Outcomes | P1 | P2 |
|---|---|---|---|
| O1 | Applies Islamic finance and economic principles to solve current economic problems. | 5 | 4 |
| O2 | Effectively communicates knowledge in Islamic economics and finance both orally and in writing. | 4 | 5 |
| O3 | Evaluates and classifies collected data using appropriate methods. | 4 | 5 |