This course aims to look at the key concepts and ideas within the field of Islamic economics and how they relate to contemporary economic theory and practice. By beginning with an introduction to two major financial systems students will have a background against which they may develop a comparative understanding of the Islamic economic system. The module will provide students with an indispensable complement to the theoretical and practical underpinnings of the Islamic financial system. The goal is to let them understand that Islam provides to its followers in all fields of social life.  

Students Learning Outcomes

At the end of this course, the student will be able to:

  • Compare and contrast the different theories about the Islamic economic system
  • Critically evaluate main features that would help an economy to tend towards an Islamic economy
  • Summarize the strengths and weaknesses of competing theories of Islamic economy
  • Critically assess different economic models of Islamic states on the basis of Islamic economy

    Evaluation system

    Evaluation of the students will be as under

    Mid Term Exam                                  30 Marks

    Final Term Exam                                 50 Marks

    Sessional Mark                                    20 Marks

  • (Note 20 Marks will be distributed as under)
  • Attendance                                         05 Marks

    Assignments                                       10 Marks

    Class Participation                              05 Marks


Course Material