Course Name Code Semester T+U Hours Credit ECTS
Islamic Financial Instruments and Contracts IEF 621 0 3 + 0 3 6
Precondition Courses
Recommended Optional Courses
Course Language Turkish
Course Level Doctorate Degree
Course Type Optional
Course Coordinator Prof.Dr. HACI MEHMET GÜNAY
Course Lecturers
Course Assistants
Course Category
Course Objective

Recognition of contemporary islamic financial instruments and contracts. 

Course Content

Recognition of Islamic financial products and contracts and evaluation of these applications in terms of compliance with Islamic law. 

# Course Learning Outcomes Teaching Methods Assessment Methods
1 Recognizing Islamic financial products in general terms Lecture, Question-Answer, Discussion, Testing, Homework, Performance Task,
2 Recognition of Islamic contracts in general terms Lecture, Question-Answer, Discussion, Testing, Homework, Performance Task,
3 To know the equivalent of Islamic finance contracts in classical Islamic law Lecture, Question-Answer, Discussion, Testing, Homework, Performance Task,
4 To evaluate Islamic finance products in terms of compliance with Islamic law Lecture, Question-Answer, Discussion, Testing, Homework, Performance Task,
5 To evaluate Islamic finance contracts in terms of compliance with Islamic law Lecture, Question-Answer, Discussion, Testing, Homework, Performance Task,
6 To identify problematic parts of Islamic finance contracts Lecture, Question-Answer, Discussion, Testing, Homework, Performance Task,
7 To identify problematic parts of Islamic finance products Lecture, Question-Answer, Discussion, Testing, Homework, Performance Task,
8 To develop new methods and products suitable for Islamic law Lecture, Question-Answer, Discussion, Testing, Homework, Performance Task,
Week Course Topics Preliminary Preparation
1 Definition and nature of classical murabaha Related chapters of the resources.
2 Implementations of contemporary murabaha Related chapters of the resources.
3 Mudaraba, muşaraka and decreasing muşaraka contracts Related chapters of the resources.
4 Leasing contracts Related chapters of the resources.
5 Credit card transactions Related chapters of the resources.
6 Evaluations about Letter of guaranty and documentary credit contracts Related chapters of the resources.
7 Financial instruments and contracts based on Bey’u’l-ine contract Related chapters of the resources.
8 Definition, nature and kinds of sukuk Related chapters of the resources.
9 Implementations of contemporary sukuk Related chapters of the resources.
10 Working of saving-based interest-free finance system and it’s evaluations according to islamic law Related chapters of the resources.
11 Definition, nature and working of islamic index and it’s evaluations according to islamic law Related chapters of the resources.
12 Derivative products (Forward, Futures, Swap, Option contracts) Related chapters of the resources.
13 Implementations of debt restructuring Related chapters of the resources.
14 Transactions of factoring and forfaiting Related chapters of the resources.
Resources
Course Notes
Course Resources

İslami Finans ve Yeni Finansal Sistem, Tarık El-Rıfai, Buzdağı Yayınevi, 2017

Finansal Yenilik ve Açılımları ile Katılım Bankacılığı, Türkiye Katılım Bankaları Birliği Yayınları, 2009

Fıkhi Açıdan Günümüz Para Mübadelesi İşlemleri, Abdullah Durmuş, İsam Yayınları, 2014 

Sorularla Katılım Bankacılığı, İshak Emin Aktepe, Türkiye Katılım Bankaları Birliği Yayınları, 2013 

 İshak Emin Aktepe (2010), İslam Hukuku Çerçevesinde Finansman ve Bankacılık, İstanbul, Erkam Matbaası

Tunç, Hüseyin (2010), Katılım Bankacılığı: Felsefesi, Teorisi ve Türkiye Uygulaması, İstanbul: Nesil Yayınları. 

Order Program Outcomes Level of Contribution
1 2 3 4 5
1 Having knowledge about Islamic moral understanding at academic level X
2 Having sufficient knowledge about basic concepts and methodology of Islamic law X
3 Having enough knowledge about Islamic commercial law X
4 Having enough knowledge and skills about economics and finance X
5 Ability to follow current developments in the global economy in the field of economics and finance X
6 To be able to make interdisciplinary academic studies between basic Islamic sciences and economics-finance sciences X
7 Be able to develop unique mechanisms and products in accordance with Islamic principles in the financial system X
8 New developments in economics and finance, explanation and interpretation from the perspective of Islamic morality and law X
9 To comply with ethical rules in the fields in which they are employed and in economic-commercial activities X
10 Ability to give academic work on at least one foreign language X
11 Having an understanding of the rights and benefits of all stakeholders of institutions X
12 Having the ability to use the necessary information technologies X
Evaluation System
Semester Studies Contribution Rate
1. Performans Görevi (Uygulama) 40
1. Ödev 60
Total 100
1. Yıl İçinin Başarıya 50
1. Final 50
Total 100
ECTS - Workload Activity Quantity Time (Hours) Total Workload (Hours)
Course Duration (Including the exam week: 16x Total course hours) 16 3 48
Hours for off-the-classroom study (Pre-study, practice) 16 3 48
Mid-terms 1 2 2
Performance Task (Seminar) 15 3 45
Final examination 1 3 3
Quiz 1 2 2
Assignment 2 1 2
Total Workload 150
Total Workload / 25 (Hours) 6
dersAKTSKredisi 6