| Course Title |
Islamic Economics |
| Course Code |
BE 4312 |
| Credit |
4 |
| Semester Offered |
1 |
| Duration of Courses |
|
| Degree |
Undergraduate |
| Programme |
Bachelor of Business |
| Course Description |
The main purpose of this module is to introduce fundamental concepts, methodology and paradigms of the Islamic economic perspective. At the end of the module, students would be able to make a comparative analysis between the capitalist system and the Islamic economic system.
|
| Prerequisite |
BE-1101 Principles of Economics
|
| Other Description |
Module Content:
• Defining economics and Islamic economics
• A suggested methodology for Islamic economics
• Methodology of Islamic economics
• Goals and objectives of Islamic economics
• Factors of production and factor returns:
An Islamic perspective
1. Land
2. Labour
3. Capital: Time value of money
4. Entrepreneurship
• Issues in Islamic banking and finance
• Implications of Islamic banking for:
1. Savings and Investment
2. Money Supply and Inflation
3. Role of the Central Bank
4. Budget Deficit
5. Distribution of Income
6. Financial Stability
• Fiscal Policy and the Institution of Zakat
• Development strategies for an Islamic economy
|
| Language of Instruction |
English
|
