Explore the programs and courses offered by Islamic economy
Browse Programs Admission InformationOverview of the Program Offering
The PhD program offering in Islamic Economics aims to prepare researchers proficient in economic concepts from an Islamic perspective, combining Sharia and economic knowledge, and acquiring advanced scientific research tools. Here is an overview of the components of this program:
1. General Objectives of the Program
In the PhD program offering specializing in Islamic Economics, methodology is a fundamental aspect that determines how students acquire the concepts and research techniques enabling them to present innovative scientific research in this field. Here are the prominent methodologies typically followed in this program:
1. The Juristic (Fiqh) Methodology
The Juristic methodology focuses on understanding economic transactions from the perspective of Islamic Sharia. Through this methodology, the following are studied:
Principles of economic transactions in Sharia: such as sale (Bay'), lease (Ijara), cost-plus financing (Murabaha), and profit-sharing (Mudaraba).
Juristic analysis of Islamic financial instruments: such as Sukuk (Islamic bonds), Islamic financing, and Islamic banks.
Jurisprudence of Islamic economics (Fiqh al-Iqtisad al-Islami): studying the applications of Islamic economics in financial areas such as taxation, investment, and the equitable distribution of wealth.
2. The Economic Methodology
Through this methodology, economic theories are studied from an Islamic perspective, with particular emphasis on the economic characteristics of the Islamic world:
Micro and Macro Islamic Economics: studying the factors influencing the behavior of individuals and companies in the market from an Islamic economic perspective.
Social Justice: analyzing the distribution of wealth and resources fairly according to the principles of Islamic economics.
Economic Growth and Sustainable Development: studying how to achieve economic growth in an Islamic context that aligns with Sharia.
3. The Quantitative Analytical Methodology
The quantitative analytical methodology is concerned with using mathematical and statistical tools in the analysis of economic phenomena. Students are trained in:
Economic Modeling: building mathematical models to analyze the Islamic financial market.
Statistical Data Analysis: using data analysis techniques to test Islamic economic hypotheses.
Econometric Models: using software such as SPSS or EViews to analyze economic and statistical data.
4. The Comparative Methodology
The comparative methodology involves comparing Islamic economic systems with conventional economic systems:
Comparison between the Islamic and Conventional Financial Systems: studying the differences between Islamic and conventional banks.
Comparison between Islamic, Capitalist, and Socialist Economics: analyzing the foundations of each of the capitalist and socialist economic systems in comparison with Islamic economics.
5. The Historical Methodology
The historical methodology deals with the evolution of Islamic economic thought throughout the ages. Through this methodology, the following are studied:
Economic Contributions in Islamic Civilization: studying the development of economic concepts throughout the history of Muslim scholars.
Economic Applications in Islamic Eras: studying how economic principles were applied in various Islamic eras and how they affected economic growth.
6. The Empirical Methodology (Field Studies)
This methodology involves fieldwork aimed at studying the practical applications of Islamic economics in financial institutions
Field studies of Islamic banks: visiting Islamic banks and financial institutions and analyzing how they apply Islamic concepts in financial transactions.
Case studies of Islamic finance companies: conducting applied research to study the effectiveness of Islamic financial instruments in financial markets.
Mechanism for Applying Methodologies
These methodologies are implemented through a range of educational and research methods:
Theoretical Lectures: to present basic concepts and theoretical frameworks.
Scientific Seminars: to discuss contemporary issues in Islamic economics and exchange experiences.
Training Courses and Workshops: to develop scientific research and practical application skills.
Independent Research: students are encouraged to conduct independent research and develop academic theses that contribute to enriching the field.
Supporting Tools and Methodologies
Statistical software such as (SPSS, STATA) for analyzing economic data.
Modern technologies such as artificial intelligence and digital analysis to develop economic models.
In-depth review of Sharia references such as books of jurisprudence and recognized economic references.
This also involves providing the necessary research tools to enable students to conduct comparative and in-depth studies in various areas of interest in Islamic economics, whether foundational or applied, such as Islamic economic regulatory institutions and other productive, commercial, and service economic institutions. This is expected to be reflected in the completion of scientific theses that will add to economic knowledge
Program Outcomes
. Graduation Prospects
Any international student holding a baccalaureate (secondary school certificate) or an equivalent certificate, subject to pedagogical requirements, is eligible to enroll in the Master's program in open specializations.
- A bachelor's degree or an equivalent certificate, subject to pedagogical requirements.
- If the applicant does not speak Arabic, they are required to complete one year of Arabic language training at the university's Intensive Language Learning Center.