Intoduction to Course:

The course is designed for senior students having gone through some basic courses in economic theory and development economics. The objective is to let them realize that Islam provides full guidance to its followers in all spheres of social life. The students have to understand the Islamic injunctions ordained for economic behavior, both in the individual as well as collective capacity. They have to compare the prevailing system with that devised by Islam, to capture the socio-economic problems faced by the present day Muslim countries and to find ways and means to reconstruct the system in vogue according to Islamic guidelines so as to achieve greater stability, equity in distribution and reduction in poverty as the primary goals of all developing nations.The course is designed for senior students having gone through some basic courses in economic theory and development economics.

Course pre requisites (if any):

No

Learning outcomes:

On the successful completion of the course students will be able to:

1. Realize thatIslam provides full guidance to its followers in all spheres of social life.

2. To understand the Islamic injunctions ordained for economic behavior, both in the individual as well as collective capacity.

3. To compare the prevailing system with that devised by Islam, to capture the socio-economic problems faced by the present day Muslim countries. 

Textbooks:

1. Ahmed, Khurshid ,Studies in Islamic Economics.  (King Abdul Aziz University Press. 1980)
2. Ziauddin et al., Money and Banking in Islam. (King Abdul Aziz University Press, 1983) Islamabad.

Description of system of Evaluation (Exam, assignments etc.):

Mid Term: 30 marks

Sessional: 20 marks

• Project: 40%
• Presentation: 30%
• Participation: 30%

Final Exam: 50 marks

Class Timmings: