| Topic | |
|
1 |
Overview of Islamic Economics and Other Economic Systems
– Overview of Economics and the economic problem – Islamic economics and the economic problem – Islamic economics and other economic systems |
|
2 |
Islamic Worldview and Sources of Islamic Economics
– Compare Secular and Islamic Worldviews – The Impact of Islam and Differing Worldviews on Man’s Way of Life – The Purpose of Knowledge – Methodology and Sources of Islamic and Secular Economic Disciplines |
|
3 |
Development of Islamic Economics
– The development of Islamic Economics – The development of Mainstream Economics – The contributions of Muslim scholars to Economics |
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4 |
Consumption and Production in Islam
– Consumption in Islam and the hierarchy of needs – Consumer choice and the allocation of resources in Islam – Factors of productions and factor payments – Entrepreneurship and production in Islam: Factor pricing – Efficiency of resource allocation |
| 5 | Distribution of Income and Wealth in Islam
– Islamic factor markets and the supply and demand for human resources – Mal-Distribution: unlawful income (riba, Maysir, gharar) – Lawful distribution of income in Islam |
| 6 | Concept of Money in Islam
– Defining money and its role in Islam – Islamic monetary theory of value – Time preference and the time value of money |
| 7 | Islamic Finance and Banking
– Conventional and Islamic Banking – Islamic finance – Loan of use and consumption loan in Islam |
| 8 | Re-Distribution in Islam
– Compulsory re-distribution in Islam – Voluntary re-distribution in Islam |
