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IF1101- ISLAMIC COMMERCIAL JURISPRUDENCE

Hours/Week:	4
Aims and Objectives	To provide the students with the introductory knowledge of Islamic Fiqh. To teach students the theories of Fiqh on property (maal), rights (huquq), ownership (milkiyah), and contract (‘aqd). To prepare students for the study of the various transactions in Islamic Finance Diploma and other more advance courses in Islamic Finance. To provide students with knowledge of various Islamic commercial transactions. To enhance the students’ skills in relation to the application of Islamic commercial and financial transactions. To enable the students to have a modern approach to the present Islamic finance problems in light of ilm usul al fiqih.
Learning Outcomes:	At the end of the course, participants will be able to do the following: Demonstrate the importance of the knowledge of Fiqh Mu’amalat in economic activities. Apply the principles of Mu'amalat to their daily economic and business activities. Demonstrate the knowledge of the theory of contract (nazariat al-‘aqd). Demonstrate the ability to identify the prohibitive elements in financial and commercial activities. Apply various types of transactions to their daily business activities. Demonstrate the know ledge of various juristic opinions on commercial transactions. Apply Islamic transactions as alternatives to current business practices.
Indicative Content:	Introduction to Islamic Shariah Introduction to Usul Fiqh Hukm Shar’I (Shari’ah Rule), Its Classification and Pillars The Sources of Sharia’ Definition of Wealth and Rights and its types Theory of Ownership Introduction and formation to Aqd Classifications, Necessary conditions and classifications of Aqd Negative elements in transactions Sales Contract Lease Contract Contract of Agency and Deposit Transactions involving debt Contract of Partnership
Teaching Methodology:	The Module is taught by a series of lectures. At the end of each Chapter a chapter review is given followed by a discussion and quiz.
Bibliography:	Main book: BIBF Islamic commercial Jurisprudence book, 2009 &the lecturer Handout. Reference books/ Resources: Islamic Commercial Law , Securities Commission Malaysia (2009) CIMA commercial law , CIMA Diploma in Islamic Finance Series AAOIFI Shariah Standards, AAOIFI(2011)

IF1102 - ISLAMIC ECONOMIC THOUGHT

Hours/Week:	4
Aims and Objectives:	Provide a conceptual introduction to Islamic Economics Link the relevance of the Islamic world view to economic thoughts and activity Present an Islamic Economic methodology and to compare, where possible with conventional methodology Provide an overview analysis of the relevant features of an Islamic economic system Provide thorough understanding for students to the economic ideas of Islamic Economic thinkers of throughout the rich Islamic history.
Learning Outcomes:	On successful completion of this module students will be able to: Understand the importance of history of Islamic economic thought especially in refuting the Schumpeterian thesis “The Great Gap” in the history of economic analysis. Understand the knowledge of the past Muslim scholars’ contribution in the area of economic ideas and thoughts. Understand the differences between Islamic Economics and its conventional counterpart, in terms of it’s world view, methodology, systems, and other essential categories Appreciate the need for having and Islamic Economic System in order to achieve the goal of maqasid al Shari’ah
Indicative Content:	Chapter 1. History of Islamic Economic thought Chapter 2. Islam and its worldviews Chapter 3. Al Sharia: Source of knowledge and action in Islam Chapter 4. The Islamic Economic System Chapter 5. Distribution and Islamic Economic Reforms Chapter 6. Allocation of resources in Islamic economic System
Teaching Methodology:	The Module is taught by a series of lectures. At the end of each chapter, a chapter review is given followed by a discussion and quiz.
Bibliography:	Main Book: Hossein Askari, Zamir Iqbal, Abbas Mirakhor, 2015,Introduction to Islamic Economics: Theory and Application , Wiley Reference books/ Resources:   - Sheikh Ghazali, Syed Omar, Aidit Ghazali, 2012, An Introduction to Islamic Economics and Finance, CERT, Kuala Lumpur -  Sayyid Abul A’la Mawdudi, 2011, First Principles of Islamic Economics, The Islamic Foundation, Marksfield - Muhammad Akram Khan, 1999, An Introduction to Islamic Economics, Kitab Bhavan, New Delhi - Muhammad Nejatullah Siddqui, 1981, Muslim Economic Thinking, The Islamic Foundation, Marksfield