0 valutazioniIl 0% ha trovato utile questo documento (0 voti)
11 visualizzazioni7 pagine
The concept of Sira have been both to help develop Muslim Law and to facilitate the interpretation of the Quran. The course will examine different approaches taken to the study of the foundational sources, that is, the Qur'an and the biography of the Prophet (Sira)
The concept of Sira have been both to help develop Muslim Law and to facilitate the interpretation of the Quran. The course will examine different approaches taken to the study of the foundational sources, that is, the Qur'an and the biography of the Prophet (Sira)
The concept of Sira have been both to help develop Muslim Law and to facilitate the interpretation of the Quran. The course will examine different approaches taken to the study of the foundational sources, that is, the Qur'an and the biography of the Prophet (Sira)
Learning Objective: Application of Quranic concepts in banking and finance are the foundational study of the Quran as a source for Islamic banking and finance. The concept of Sira have been both to help develop Muslim Law and to facilitate the interpretation of the Quran. Sunna, the examples, the deeds, saying and unspoken approval of Muhammad (P.B.U.H.), is defined as a Sira and the Hadiths together. Sira may be translated with "way of acting". Sira represents the basis for the Hadith, but without validating the stories recorded, by a chain of transmitters, Isnad, as is the case with the Hadiths. The reason why Sira would come without this sort of validation may be explained that they didn't serve as important a role as the Hadiths, which were used in the development of Muslim Law. In this course we will examine different approaches taken to the study of the foundational sources, that is, the Qur'an and the biography of the Prophet (Sira), as a way of tracking the on-going scholarly debate surrounding the early development of Islamic banking and finance.
Learning Methodology: Assessment Methods: Assessment would be made on the basis of tests, quizzes, midterm and an assignments/research paper. Group Assignment, discussing various aspects of scope and development of Islamic Banking in different countries. Reading Materials: Various articles, to be distributed, during class.
Course Outline Page 3
Grade Evaluation Criteria Following is the criteria for the distribution of marks to evaluate final grade in a semester.
Marks Evaluation Marks in percentage
Quizzes 15 Assignments 15 Mid Term 00
Attendance & Class Participation 10 Term Project 20 Presentations 10 Final Exam 30 Total 100
Recommended Text Books:
Reference Books:
Course Outline Page 4
Calendar of Course contents to be covered during semester Course Code: IB - 605 Course Title: Application of Quranic and Sira Concepts in Banking and Finance Week Course Contents
Reference Chapter(s) 1 BASIC CONCEPTS A-SPECIAL TERMINOLOGY OF THE QUR AN 1. Fadl 2. Fasad(Corruption) 3. Ihsan 4. Infaq 5. Khayr 6. Mata 7. Mustadafeen (The weak) 8. Rizq 9. Zulm(injustice, wrong-doing) B-Philosophical Concepts 1. Ownership 2. Creation and Distribution 3. The Lawful and the Unlawful (Halal and Haram) 4. Man versus the universe 5. Reward and punishment
2 C-HUMAN INSTINCTS 1. Mans Love for wealth 2. Love for Quick Return 3. Proneness to save 4. Inclination to Maintain Solvency 5. :Ungratefulness 6. Pride in wealth 7. Grudge /Envy 8. Desire to insure for old Age 9. Desire to insure for posterity 10. Fear of Depletion of Resources
3 D-PREREQUISITIES OF ECONOMIC SUCCESS 1. Hard work 2. Peace and Security 3. Efficient utilization of Resources 4. Collective will No misuse of time
Course Outline Page 5
4 E-Economic Motivation 1. The Economic element 2. The Religious element F-ETHICS,ETIQUETTES And NORMS 1. Objective of Economic Activities 2. The Moral values Recommended and Disapproved Etiquettes and Norms
5 SOCIAL BEHAVIOUR A-SOCIAL OBLIGATIONS 1. Observance of Trust 2. Enforcement of justice 3. Dealing with injustice 4. Enjoining Right Conduct, forbidding wrong 5. Discharge of Social Responsibilities 6. Concealment of Wealth Condemned 7. Commitments Damaging to others interest .Disallowed 8. Contribution to the causes of Faith and Society 9. Assurance of Salutary Environment B- AGREEMENTS AND CONTRACTS 1. Agreements 2. Contracts
6 C- TRUSTS AND TRUSTEESHIPS 1. Contractual Trusteeship 2. Implied Trusteeship 3. Emphasis on Honoring Trust D-RIGHTS AND RESPONSIBILITIES 1. Rights 2. Duties/Responsibilities
7 ECONOMIC PARAMETERS A-OWNERSHIP 1. Collective Ownership 2. Private ownership 3. Ownership 4. Sources of ownership 5. No limit on ownership 6. No Discrimination in the Right of Ownership 7. Ownership, Possession and Right to use B-SOURCES OF EARNING 1. Lawful 2. Unlawful 3. Wisdom in prohibiting Some Unlawful Activities
Course Outline Page 6
8 CWEALTH AND RESOURCEFULNESS 1. Wealth 2. Resourcefulness D-PRODUCTIVE ACTIVITIES 1. Agriculture 2. Trade 3. Fishing 4. Manufacturing 5. Craftsmanship 6. Weapon manufacturing 7. ship Building 8. Construction 9. Factors of production 10. Loss of production means loss of inputs
9 E-Labor And Enterprise 1. Arduous World And Drudgeries Life 2. Livelihood Demands Enterprise 3. Dignity Of Labor 4. Natural Law Of Economic Return 5. Leisure And Rest Are Necessary 6. Mant Should Not Be Oversensitive To Fluctuating Fortunes 7. Fair Wage Without Pressure 8. Wage Bargaining Allowed 9. Labor Saving Devices 10. Process Of Change Demands Collective Will Power
10 F-Public Finance 1. Objective Of Fiscal Policy 2. Heads Of Income 3. The Role Of The Media 4. The Ethics Of Collection 5. Heads Of Public Expenditure 6. No Discrimination On The Basis Of Faith or Deeds 7. The Unwanted Reaction of Non-Beneficiaries 8. Expenditure Policy to be Decided by Consultation 9. Redistribution is No Substitute for National Cohesion
11 G-TRADE (CASH AND CREDIT) 1. Its Approval in the Quran 2. Business Ethics 3. Ban on Misleading Publicity 4. Joint Venture 5. Rules of Credit Transaction H-LOANS AND INTEREST/PUBLIC DEBT 1. Lending-A Moral Phenomenon 2. Terms and Conditions of a Credit Transaction 3. The Context of Prohibition of Interest 4. Prohibition of Interest for the Scriptures 5. Stages of Prohibition 6. Debtor-Creditor Relationship
Course Outline Page 7
7. Normal Social Relations vis--vis Interest 8. Impact of Interest on the Economy 9. Public Debt-An Analogy 12 PUBLIC POLICY GUIDELINES A-POLICY MAKING PROCESS AND THE MANAGEMENT OF THE ECONOMY 1. Decision making and Implementation 2. Anticipation of Demand and Ensuring Supply 3. Long Term Planning 4. Creation of Buffer Stock 5. Bargaining 6. Misuse of Public Property/National Wealth 7. Ethics of Public Dealing 8. Impact of Overburdening of the People 9. Onus of Liability 10. Qualifications of Officials 11. Disqualification of Officials 12. Normal Working Time 13. Convenience of the General Public 14. Relaxation in an Abnormal Situation 15. Errors and Omissions 16. Role of Custom and usage 17. Curtailment of Economic Freedom
13 B- MACRO ECONOMIC PHENOMENAN 1. Consumption 2. The impact of Spending 3. Causes of Cyclic Fluctuations 4. Causes of Divine 5. Policy of Unequal Distribution 6. The Factors of Change C-OFFENCES 1. Zulm (Injustice) 2. Unlawful Earnings 3. Destruction of Crops, Livestock and Human Capital 4. Influencing Legal Process 5. Jeopardizing Support Programmes D-ECONOMIC SECURITY 1. The Factors of Uncertainty 2. Mans Desire for Safe and Secure Economic Future 3. Secure Trade is Allahs Blessing 4. Precautions in Mutual Dealings 5. Physical Safety