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 |
|---|---|---|---|---|---|---|---|
| 4761107 | Insurance and Takaful | 3 | Spring | 6 | 3+0+0 | 5 | 5 |
| 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) | Dr. Res. Asst. Abdullah Buğra SOYLU |
| Instructor Assistant(s) | - |
Course Content
This course provides an in-depth examination of insurance and Takaful concepts. It covers risk management methods used in conventional insurance, insurance contracts and policies, the financial structures of insurance companies, and regulatory processes. The fundamentals of the Takaful model, the functioning of Takaful companies, the principle of shared risk, the financial aspects of participation-based insurance, and its global applications will be analyzed.
Objectives of the Course
The aim of this course is to examine the insurance sector and the Takaful system, which has developed within the Islamic finance system, from both theoretical and practical perspectives. The course covers fundamental insurance concepts, types of insurance, risk management, and policy processes, while also discussing how the Takaful system operates within Islamic principles and its place in global markets. Students will develop the ability to analyze the differences between conventional insurance and Takaful.
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 | İslam İktisadı ve Finans alanında kuramsal ve uygulamalı bilgilere sahip olma, sahip olduğu bilgileri kullanabilme | 4 |
| P2 | İslam İktisadı ve Finans alanında edindiği bilgi, beceri ve yetkinlikleri kullanarak meseleleri tanımlama, veri toplama, değerlendirme, analiz etme, yorumlama ve çözüm önerisi geliştirebilme | 2 |
| 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 | 5 |
| P5 | Ahlaki değerler ve mesleki sorumluluk bilinci ile hareket edebilme | 3 |
| P6 | Alan uygulamalarının, evrensel ve toplumsal etkileri ile hukuki sonuçlarını bilme | 2 |
| P7 | Öğrenim dilinde yazılı ve sözlü iletişim kurabilme, en az bir yabancı dil bilgisine sahip olabilme | 4 |
Course Learning Outcomes
| Upon the successful completion of this course, students will be able to: | |||
|---|---|---|---|
| No | Learning Outcomes | Outcome Relationship | Measurement Method ** |
| O1 | Develops solutions in line with the principles of Islamic economics and finance. | P.2.6 | 1 |
| O2 | Critically evaluates the results of numerical analyses. | P.3.5 | 1 |
| O3 | Shares research results in the form of scientific articles, reports, and presentations. | P.3.6 | 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 | Introduction to Insurance: Basic Concepts and Historical Development |
| 2 | Risk Management and the Importance of Insurance |
| 3 | Types of Insurance and Policy Processes |
| 4 | Structure and Functioning of Insurance Companies |
| 5 | Insurance Contracts and Legal Framework |
| 6 | Reinsurance and Alternative Risk Transfer Methods |
| 7 | Introduction to Takaful and Differences from Conventional Insurance |
| 8 | Types of Takaful and Application Models |
| 9 | Takaful Contracts and Islamic Finance Principles |
| 10 | Management and Supervision of Takaful Enterprises |
| 11 | Global Insurance and Takaful Market |
| 12 | Current Status of Insurance and Takaful in Turkey |
| 13 | The Future of Insurance and Takaful: Digitalization and New Trends |
| 14 | General Evaluation and Case Studies |
Evaluation Method and Passing Criteria
| In-Term Studies | Quantity | Percentage |
|---|---|---|
| Attendance | - | - |
| Course Specific Internship (If Any) | - | - |
| Homework | - | - |
| Presentation | - | - |
| Projects | - | - |
| 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 | 1 | 14 |
| Midterms | 1 | 10 | 10 |
| 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 | 24 | 24 |
| Other | 0 | 0 | 0 |
| Total Work Load: | 90 | ||
| Total Work Load / 30 | 3 | ||
| Course ECTS Credits: | 3 | ||
Course - Learning Outcomes Matrix
| Relationship Levels | ||||
| Lowest | Low | Medium | High | Highest |
| 1 | 2 | 3 | 4 | 5 |
| # | Learning Outcomes | P2 | P3 |
|---|---|---|---|
| O1 | Develops solutions in line with the principles of Islamic economics and finance. | 3 | - |
| O2 | Critically evaluates the results of numerical analyses. | - | 4 |
| O3 | Shares research results in the form of scientific articles, reports, and presentations. | - | 3 |