Islamic Economic Finance

Islamic Economic Finance

 

ISLAMIC ECONOMIC AND FINANCE
SEMESTER I
1 Intermediate Microeconomic Theory

This course aims to analyze, evaluate, develop, recommend, make micro and macro decisions based on conventional and Islamic concepts through a multidisciplinary, dynamic and sustainable approach. References • Choudry. Masudul A, Comparative Economic Theory

  • Mariyanti, Tatik; 2016, Islamic versus conventional microeconomics
  • Pindyck. Robert. S, DANIEL L. RUBINFELD, Micro economics
  • Islamic economics published by Bank Indonesia and university of Indonesia Islamic economics study center
  • Karim, adiwarman. Islamic microeconomics
  • Choudry. Masudul. A, Explaining The Qur’an A Socio Scientific INQUIRY
  • Mannan, M.Abdul, Theory and Practice of Islamic Economics, published by endowments
2 Intermediate Macroeconomic Theory

This course aims to analyze, evaluate, develop, recommend, make decisions and compare sharia macroeconomics (Islam) is macroeconomics in the form of management and control, in accordance with Islamic teachings.

3 Islamic Economics and Finance theory

This course aims to analyze, evaluate, develop, recommend, make decisions and compare theoretical Islamic economics as the basis for applied science, namely Islamic finance and provide the ability to analyze the economic environment needed to carry out the profession as an Islamic financial analyst. This course also discusses various aspects related to financial and banking activities that carry out their business based on Islamic sharia principles. This course aims to provide students with an understanding of the background and development of financial markets and Islamic banking nationally and globally, the principles of operational activities of Islamic financial markets and banking and their differences from systems, procedures and practices of conventional financial markets and banking as well as explaining the principles of managing sharia banking that are sound, perform well according to sharia standards and provisions of laws and regulations as well as applicable business practices

4 Islamic Financial Sector Institutions and Governance

This course is designed to provide knowledge about several industries within the Islamic economic and financial sector both which include banks and other financial institutions, Conventional Corporate Governance and Sharia Corporate Governance, with the topics of the Monetary system, Central Bank, OJK Islamic vs conventional financial institutions, Non-Bank Financial Institutions, Implementation of Governance in Islamic Banks, Governance of Sharia Insurance, Governance of Sharia Pawnshops, Governance of Sharia Pension Funds, Governance of Microfinance Institutions such as BMT, Governance of Sharia Money Markets and Foreign Exchange , Sharia Capital Market Governance, Sharia Fintect Governance and International Financial Institutions. Reference 1Bank & Islamic Financial Institutions, Prof. Dr. Veithal, MBA, Latumaerissa , Julius R, Banks and Other Financial Institutions Theory and Policy, (Jakarta, Mitra Salemba Empat, 2017), Cashmere, Banks and Other Financial Institutions, (Jakrta, Rajagrafindo Persada, 2015), Islamic Banks & Financial Institutions , Andri Soemitra, MA, , Unggul Priyadi, Islamic Banks & Financial Institutions, General Guidelines for Good Governance in Sharia Business, (National Committee on Governance Policy, 2011), Guidelines for Implementation of Governance-Based Risk Management, (National Committee on Governance Policy, 2012), Fatwa- Fatwa of the Indonesian Ulema Council (MUI) related to Sharia Business Governance

SEMESTER II
1 Econometric This course aims to analyze, evaluate, develop, recommend, make decisions and compare regarding Econometrics. This course also provides analytical tools for students to be able to examine various behavioral relationships in economic activities. This course gives emphasis in addition to tools as well as on the interpretation of various quantities in econometrics. This course is conducted with a theoretical approach, an empirical approach and using applicative examples. In the end, students are able to make a model of the relationship between variables correctly and with the appropriate data processing method. Referensi : Wooldgrige jeffrey M, Introduction Econometric: A Modern Approach, Third Edition, Thomson South Western
2 Islamic Banking and Finance This course aims _ for analyze , evaluate , develop , recommend , take decision and compare about various aspects related to financial and banking activities that carry out their business based on Islamic sharia principles. This course aims to provide students with an understanding of the background and development of financial markets and Islamic banking nationally and globally, the principles of operational activities of Islamic financial markets and banking and their differences from systems, procedures and practices of conventional financial markets and banking as well as explaining the principles of managing sharia banking that are sound, perform well according to sharia standards and provisions of laws and regulations as well as applicable business practices. References: Pramono, S., & Suzuki, Y. Growth of Islamic Banking in Indonesia : Theory and Practice . Routledge. and Keon Chee, Islamic Finance, Why It Makes Sense , Published by Marshall Cavendish Business, Singapore
3 Ayat and Hadiths of Islamic Economics The Verse and Hadith course is the principal science for economic actors in particular and all Muslims in general . This course aims _ for analyze , evaluate , develop , recommend , take decision and compare about sources of Islamic law which are sourced from verses and hadiths as the main sources in everyday human muamalah, especially those related to economic actors. In addition, this course aims to enable Muslims in general and students in particular to be able to explain legal standing and answer by referring to the Al-Quran and al-Hadith all the problems that occur in their daily lives, specifically matters related to the diversity of economic transactions that are always developing in the national and international world.References: Khan.Muhammad Akram, Economic Teaching of Prophet Muhammad A Select Anthology of Hadith Literature on Economics , Pakistan; Mardani, Verses and Hadith of Sharia Economics
4 Ushul Fiqh and Fiqh Muamalah This course aims _ for analyze , evaluate , develop , recommend , take decision and compare about understanding of ushul fiqh, syara’ law, sources and arguments for syara’ law, istinbath method, nasakh mansukh, ijtihad, taqlid, school of thought, talqif, ifta. References: Science of Ushul Fiqh Volume I , II, Prof. Dr. Amir Syariffudin, Kencana Publisher, Jakarta.; The Science of Ushul Fiqh, Muhammad Abu Zahroh, Dar al Fikr Publisher, Beirut (Arabic/Indonesian Edition).
SEMESTER III
1 Zakat, Waqf and Islamic Microfinance Institutions This course aims _ for analyze , evaluate , develop , recommend , take decision and compare about concept management and financial theory from an Islamic perspective to be applied in companies that wish to operate in sharia. Thus the material to be discussed in this course includes concepts, relevant theories, and calculation techniques (proofs) with formulas from an Islamic perspective, whether in the form of modification, validation, or actualization. By studying the Islamic Financial Management course, it is hoped that students will have an understanding of the concepts and theories of Islamic finance and understand the concept of Islamic financial management normatively so that they will be able to apply it in the financial management of zakat institutions and waqf institutions.References: Nasution, Mustafa Edwin. Exclusive Introduction to Islamic Economics . Jakarta: Kencana.
2 Elective Course 1
3 Elective Course 2
4 Research Methodology This course aims to analyze, evaluate, develop, recommend, make decisions and compare the process in the preparation of scientific papers in the form of research, from starting research to preparing research results in the form of written works. This course will also discuss how to include Islamic elements in a scientific work in developing scientific work. In addition, this research will also discuss the problems that will often be faced in developing scientific work.    Referensi : Sekaran. Uma, research methodology; Hair. Joseph F., William C. Black, Barry J. Babin, Multivariate Data Econometrics And Modeling: A Global Perspective, Pearson education
SEMESTER IV
1   Thesis Proposal Seminar
2   Thesis

 

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