Course Description Ph.D. degree in Islamic Economics and Banking (Sh Econ 701) d!

anced su"#ects in Islamic $acroeconomics% Analysis and understanding of consumption, investment, income inflation and unemployment theories, economic stability policies; role of the government in economic policies; role of Zakat in restricting unemployment and inflation in a non-interest economy, Discussion and study of some researches that have addressed macroeconomic topics from an Islamic perspective. (Sh Econ 70&) d!anced Su"#ects in Islamic $icroeconomics% Price system, Production, consumer and producer theories; general e uilibriums from an Islamic perspective; discussion of some modern researches and studies that have dealt !ith microeconomics sub"ects from an Islamic perspective. (Sh Econ 710) Islam and $onetar' (heor'% Islam#s vie!point !ith regard to various monetary issues such as$ %oney demand, money supply, impact of money on economic activities, monetary policy efficiency, monetary bases, money and inflation; analysis and discussion of some advanced Islamic studies in this field. (Sh Econ 711) Islamic Banking though% &ise and development of Islamic banking thought, models of banking transactions under Islam, Intellectual basis for 'estern banking and the attitude of Islam to!ards it, (arly intellectual beginning of Islamic banking in the )*th century. +eginning of seriously thinking of establishment of modern Islamic banking institutions, Activities of Islamic banks and intellectual propositions. &ecent movements of Islamic banking theori,ation. (Sh Econ 71&) Islamic Banking Pro"lems% %ost important problems and challenges !hich Islamic banks face, such as incomplete theori,ation and clarity of "urisprudential independent thinking process; problems related to the type of Islamic banks customers and employees; traditional control e-ercised by central banks over Islamic banks; stage and mechanism of profit distribution, unavailability of Islamic financial markets and securities; rising risks of Islamic banking, li uidity problem. (Sh Econ 71)) Sharia and Banking control% Importance and aims of control over banking activities, nature of control over Islamic banking; types of control $.shareholders and depositors control, internal auditing of banks activities, methods and tools of banking control, methods of /haria control; internal computing0; suitable methods for Islamic banking control. (Sh Econ 7&0) Economic *eadings in +uran and Sunnah% Identification and discovery of ho! 1uran and /unnah deal !ith economic topics, details include$ factors of development as they mentioned in the 2oly 1uran stories; 1uranic %iracles in prohibition of 3sury; economic development, legacy, Zakat, economic e uilibrium, protection of economic resources, e-penditure, Prophet %uhammad# peace be on him-economic management of the state, specimens of prophets# sunnah .practices0 in economy$ competition, o!nership, 4A5A637, state revenues and e-penditures.

(Sh Econ 7&)) Contemporar' International Economic Issues% (conomic gro!th and (conomic development; problems of indebtedness, inflation and recession, globali,ation, privati,ation, 8A44; (uropean partnership, cash laundering, impact of such issues on Islamic economies, attempts to provide solutions for those problems from an Islamic perspective. (Sh Econ 7&,) -el.are and Social Economics in Islam% 9oncept of !elfare economies, society economic problem, conditions of economic efficiency, capitalism : market system, economic efficiency in Islam, social !elfare function in Islam, general e uilibrium in consumption and production; market system, e-ternal effects and public goods, the role of state in providing public goods and reducing of negative e-ternalities, Islamic outlook to!ards environmental pollution. (Sh Econ 7)0) Islamic Economic /i0h (#urisprudence) theories% 4he study of one or more of the follo!ing theories$ theory of contract, theory of necessity, theory of emergency, theory of guarantee, theory of o!nership and theory of right. (Sh Econ 7)1) /i0h *ules and controls and their pplications in Islamic Econom'% Analysis of some "urisprudential rules related to economy and their impact on the theoretical and practical concept of economic solutions such as the rules of custom and convention, the rule that the Imam .head of state of community0 behavior !ith regard to the parish must lead to the achievement of their public interests; necessity kno!s no la!s; hardship begets facilitation. (Sh Econ 7)&) 1akat Economics% (conomic analysis of Zakat, Zakat and contemporary economic activities; uses of Zakat and its economic and social effects; effect of Zakat on$ consumption, saving, investment, distribution, unemployment, inflation, and economic gro!th; some modern studies of Zakat economics. (Econ 70)) $athematical Economics and Econometrics% /ome mathematical concepts and their applications in economic analysis e.g. linear Algebra, linear programming, differential e uations; some statistical methods needed for the estimation of economic relation and the computeri,ed applications, including assessment methods of linear and non-linear models, and simultaneous e uations. (Sh Econ 7&1) International Economic (heor'% 6oreign trade theories, traditional and modern theories, balance of payments, e-change rates .fi-ed and fle-ible0, concept of international trade from Islamic perspective, multinational corporations, ne! international economic system, transfer of technology, current trade of %oslem states, future of Islamic trade and its development mechanisms. (Econ 7&&) Economic De!elopment theories%

(conomic development theories; economic gro!th theories, development funding, .international trade, balance of payments and development0, international assistance and development, current economic development in %uslim states, development obstacles; role of economic integration bet!een %uslim states in reali,ation of development. (P/ 711) In!estment $anagement and Port.olio %anagement of the portfolio, concepts of returns and risks; forms of portfolios investment; performance assessment forms of portfolios investment, portfolios investment in Islamic banks. ( cc 71,) Islamic Banks ccounting% Islamic +anking activity, profit measurement and distribution, various divisions accounting; treasury division, current accounts, letters of guarantee and letters of credits, rules governing profit computation in Islamic system .%udarabah partnership0, methods of calculating profit in Islamic +ank, Accounting entries for the distribution of profits, balance sheet of the Islamic bank. (B/ 7&7) /inancial and $onetar' $arkets% Importance of money markets in economic development, valuation of financial markets instruments, local and international financial markets, concept of financial market in Islam, Islamic financial market instruments, the study of current situation of local and international financial market; contemporary Islamic applications of financial market instruments. (P D 721) d!anced su"#ects in Pu"lic /inance Analysis of public e-penditure theories, concept of public goods, public revenue and ta- system, forms and types of ta-es, economic effects of e-penditure and revenue, government general budget, Zakat as an incentive for investment, discussion of some Islamic studies in Public finance.