B.Sc. in Islamic Economics, Banking and Finance (B.Sc. IBE)

> Course Description

Course Description


'Aqeedah: Islamic Creed

Course Description

 

This course is comprised of a study of the fundamental issues in the Science of Tawheed/ ‘Aqeedah most relevant today. It gives an overview of the categories of Tawheed and Shirk.

 

I. Objectives 

  • To enable the student to understand the origins of the Science of Tawheed.
  • To further develop the student’s grasp of the basic three categories of Tawheed and their antithesis Shirk.
  • To develop the student’s basic knowledge regarding some of the controversial issues related to Tawheed.
  • To enable students to critically analyze the customs and culture which affects the implementation of Tawheed in Muslim countries today.
  • To teach students correct approach to understanding the Islaamic Creed.

 

II.  Class Content

A. Definition of ‘Aqeedah

B. Importance of ‘Aqeedah

C. Unique Characteristics of Islamic ‘Aqeedah

D. Definitions of Eemaan and Islaam and their characteristics 

E. Belief in Allaah 
1. Proofs For Allaah’s Existence
2. The Appearance of Atheism in Modern Times
3. Tawheed: Ruboobiyyah, Uloohiyyah, & Asmaa wa sifaat
4. Kufr and its categories
5. Shirk and its categories
6. Nifaaq and its categories

 

III. TEXTBOOKS

A. Required Text:

  • Bilal Philips, The Fundamentals of Tawheed, Bilal Philips,

 B. Supplementary Texts:

  • ‘Abdullah Al-Athari, Islamic Beliefs

Course Description

 

This course covers the third Category of Tawheed: Tawheed al-Asmaa was-Sifaat, The significance of belief in revelation, Understanding belief in Destiny, Signs of the Last Day and the Day of Resurrection, Status of the Prophet’s Companions, Obedience to Rulers, and Abandonment of Deviants.

 

I. Objectives 

  • To enable the student to understand the rules governing the correct understanding of the Divine Names and Attributes of Allah.
  • To further develop the basic belief in revelation found in both the Qur’aan and Sunnah.
  • To teach students about the Fifth Pillar of Faith: Belief in the Last Day and its portents.
  • To develop the student’s basic knowledge of the Sixth Pillar of Faith: Belief in the Divine Destiny (Qadaa and Qadar).
  • To enable students to comprehend the significance of the Status of the Prophet’s Companions

 

II.  Class Content

A. Al-Asmaa
 1. Linguistic and Technical definitions of Ism

2. Opinions of Scholars Regarding Ism, Tasmiyah and musammaa

3. Allaah’s Names are Fixed

4. Allaah’s Beautiful Names found in the Sunnah

The Effect of Knowledge of Allaah’s Names on a Muslim’s Behavior 
 

B. The Methodology for Understanding the Divine Attributes
1. Linguistic and Technical Definitions of Sifah

2. The Concept of Sifaat among the Salaf: Sifaat Thaatiyyah and Sifaat Ikhtiyaariyyah

3. The Concept of Sifaat among the Ash’arites: Sifaat al-Ma‘aanee, Sifaat Ma‘nawiyyah, Sifaat Salbiyyah, and Sifaat Khabariyyah

4. The Methodology for Understanding the Divine Attributes
i. The Three Rules of the Salafee Methodology
ii. Ta‘teel; its reality and examples among deviant sects
iii. Ta’weel; its reality and examples among deviant sects
iv. Tashbeeh; its reality and examples among deviant sects

5. Opinions of the Scholars Regarding Seeing Allaah
 

C. Qadaa and Qadar

1. Linguistic and Technical Definitions of Qadaa and Qadar

2. Levels of Faith in Qadaa and Qadar

3. Using Qadar as Justification for Sin

4. Divine Will and Human Will

5. Sects which Deviated Concerning Qadaa and Qadar

III. TEXTBOOKS

A. Required Text:

  • Bilal Philips, A Commentary on Ibn Qudaamah’s Radiance of Faith,
  • BilalPhilips, A Commentary on The Chapter on Qadar (A‘laam as-Sunnah of al-Hakamee)

 B. Supplementary Texts:

  • ‘Abdullah Al-Athari, Islamic Beliefs,
  • Ibn Abil-‘Izz, Sharh al-‘Aqeedah at- Tahaawiyyah (Eng. Trans.),
  • Umar al-Ashqar, Divine Will and Predestination

 

Course Description

 

This course covers ‘Aqeedah topics not covered in the first two semesters as presented in the oldest and most classical work on the Islamic creed from the 9th century.

 

I. Objectives 

  • To enable the student to understand the rules governing the principles of the Islamic creed.
  • To further develop the basic belief in revelation found in both the Qur’aan and Sunnah.
  • To develop the student’s basic knowledge of the first Pillar of Faith: Belief in the Prophet and the proofs for his prophethood.
  • To enable students to comprehend the significance of the Status of the Community and the importance of adhering to it.
  • To teach students about the position of faith between the principle of hope and fear and its significance.
  • To clarify for students how they may benefit the dead through acts of worship and the concept of supplication and divine response.

II.  Class Content

A. Belief in Messengers

1. Linguistic and Technical definitions of a prophet and messenger, and the relationship between the two
2. Characteristics of a Messenger
3. Assignments of a Messenger
4. Prophethood
5. Evidence Establishing the Prophethood
6. Revelation; its definition, method and doubts concerning it


B. Walee and Wilaayah

1. Linguistic and Technical Definitions of Walee
2. Characteristics of Allaah’s Close Friends
3. Wilaayah Cannot be Inherited


C. Belief in the Books of Revelation

1. Linguistic and Technical Definitions of a Divine Book
2. Conditions of a Divine Book
3. Humanity’s Need for Divine Books
4. Belief in the Divine Books in General and Specific
5. Books Which Must be Known

 

III. TEXTBOOKS

A. Required Text:

  • Abu Jafer at-Tahawe / Ali ibn Abil-‘Izz (Trans. Syed Iqbal Zaheer),
  • TheFundamentals of Islamic Creed, Canada: Al Attique Publishers Inc., 2nd ed., 2000.

 B. Supplementary Texts:

  • Ali ibn Abil-‘Izz (Trans. Dr Muhammad ‘Abdul Haqq Ansari), Commentary on the
    Creeed of at-Tahawi, Riyadh, Saudi Arabia: Al Imam Muammad Ibn Sa’ud Islamic University, 1st ed., 2000.

 

Course Description

 

This course covers the major sects which split off from the main body of Muslims.

 

I. Objectives 

  • Clarifying for students that the foundational principle in Islaam is a call to unity and firm adherence to the Qur’aan and Sunnah.
  • Emphasizing in the student’s understanding that division is always the product of extremism and deviant thought.
  • Creating an awareness of ancient sects which appeared in Muslim history to enable the student to understand contemporary sects from their historical roots.
  • Providing the student with an historical background of destructive roles played by deviant sects during Islamic history.
     

II.  Class Content

A. Reasons for the appearance of sects.


B. Khaarijites; their origin, opinions, and sub-sects.


C. Shi’ites: Twelvers, Zaydites, Ismailites


D. Baatinites Past and Present: Qaramantians, Babakites, Nusairites, Druze, Bahai, Qadianites.


E. Scholastic Theology

1. Minor Sects: Their names, origins, and teachings
 Jabrites, Qadarites, Murji’ites, Mushabbihah 

2. Major Sects: Their names, origins, and teachings
i. Mu‘tazilites
ii. Ash‘arites
iii. Maatureedites

III. TEXTBOOKS

A. Required Text:

  • Bilal Philips, The Devil’s Deception;
  • Bilal Philips, The Imaamate;
  • Bilal Philips, Mislamic Sects

 B. Supplementary Texts:

  • Gibb and Kramers, Shorter Encyclopedia of Islam, Glasse, The Concise Encyclopaedia of Islam

 




Fiqh

Course Description

This course is comprised of a study of the fundamental issues of Islamic Law. The book of Marriage is full of issues regarding family matters where nikaah issues, marital discord, and more are discussed. It is a course in which both married and unmarried students will find immense benefit. While going through all the academic lingo of the subject you will Insha Allah benefit from it for your personal life and those around you. 
 

I. TEXTBOOKS 

A. Required Text:

  • Salih Al-Fawzaan, A Summary of Islamic Jurisprudence, vol.2

B. Supplementary Texts:

  • Fiqhus Sunnah, Sayyid Sabiq,
  • Azzawaaj al Islami by Shaykh Mahmood Al Masri,
  • Isharun Nisaa by Shaykh Usamah bin Kamal 

Course Description

This course is a critical study of the history of Islamic legislation and the evolution of its various schools of law. 

A. Required Texts: 

Bilal Philips, The Evolution of Fiqh,
Bilal Philips, The Chennai Treatise

B. Supplementary Texts: 

‘Abdur Rahman Doi, The Shariah

 

I. OBJECTIVES

1. Providing the student with knowledge enabling him to understand the acts of worship and their correct ettiquette

2. Clarifying the wisdom behind the legislation of acts of worship and their effects on human behavior.

 

II. CLASS CONTENT 

A. Salaah.

     1. Tahaarah

    Minor and Major Purification and their rules

    Wiping Socks, Categories of Water, Ritual Impurity, Menstruation

     2. Definition of Salaah, Its Status, Importance and Wisdom

     3. Prayer Times

     4. Conditions for Validity

     5. Obligatory and Recommended Portions of Prayer, Invalidators

     6. Sujoodus-Sahw (Prostrations for Forgetfulness)

     7. Making up Prayers

     8. Recommended Prayers

     9. Congregational Prayers and their Rules

     10. Method of Salaatul-Mareed

     11. Funeral Prayers

 

B. Zakaah

     1. Definition, Status, Importance and Wisdom

     2. Conditions for Obligation

     3. Types of Wealth Requiring Zakaah

     4. Heads of Expenditure for Zakaah

 C. Sawm

     1. Definition, Status, Importance and Wisdom

     2. Conditions for Fasting

     3. Atonement for Invalidation

     4. Permissible Acts While Fasting

     5. Seclusion and its Rules

 

D. Hajj

     1. Definition, Status, Importance and Wisdom

     2. Obligation and Its Types: Mufrid, Muqrin and Mutamatti

     3. Obligatory and Recommended Acts of Hajj

     4. Scrificial Animals and Atonement

     5. Ruling Concerning Visitation of the Prophet’s Mosque

 

III. TEXTBOOKS

A. Required Text:

     Salih Al-Fawzan, A Summary of Islamic Jurisprudence, vol. 1

B. Supplementary Texts:
 

     Sayyid Sabiq, Fiqh us-Sunnah I-V (Eng. Trans.)
 

 

Course Description

This course is comprised of a study of the fundamental issues of Islamic jurisprudence. Only fiqhul muamalaat (trade transactions) will be covered in this course. The sound sunnah of the Prophet (PBUH) is presented with authentic conclusive evidence. Where ever required modern day examples are mentioned and incorporated. The dire need to know the Islamic rulings of techniques and systems in place in modern day businesses is not ignored.

 

I. TEXTBOOKS 

A. Required Text:

     Salih Al-Fawzaan, A Summary of Islamic Jurisprudence, vol.2

B. Supplementary Texts:

   Fiqhus Sunnah, Sayyid Sabiq,

  

Course Description

This course is a survey of usool al-fiqh (the principles of Islamic jurisprudence). The main topics of study are the daleels that are universally considered authoritative, followed by the controversial daleels (excluding those most relevant to al Maqaasid al-Shar‘iyyah), linguistic issues relevant to interpretation of the texts, the nature of Sharee‘ah rules, and issues concerning ijtihaad.

I. Objectives

  1. To enable the student to understand the origins of the Science of Usool al-Fiqh.

  2. To familiarize the student with the proofs for the authority of the various types of evidence recognized in Usool al-Fiqh and the arguments of those who reject various proofs.

  3. To acquaint the student with the main rules regarding interpretation of textual evidence as well as the most important controversies surrounding some of them.

  4. To give the student a clear framework for understanding the nature of rules employed in fiqh.

  5. To familiarize students with the methodology for dealing with apparently contradictory evidence.

  6. To acquaint the student with the main issues related to ijtihaad.

II. Class Content

  1. An introduction to the science of Usool al-Fiqh: Its origin and development and the difference between Usool al-Fiqh and Fiqh.

  2. Identification of fields of knowledge that have contributed to Usool ul Fiqh i.e. the Qur’aan, Sunnah, Arabic Language, logic and Fiqh

  3. Examining the concept of Ijtihad as found in the early times.

  4. Issues regarding the Hukm Shar‘ee (Islamic Law) and what is related to it.

  5. Defining declarative law ( al-hukum al-wad’ee) in detail with its sub-divisions and ways of identifying categories when appropriate.

  6. Discussing the nature of Shariah Laws

  7. Role of intellect and free will in determining the legal capacity.

  8. An overview of types of evidence: Qat’ee and Zannee, Primary and Secondary, transmitted and rational

  9. Issues related to the Qur’aan

  10. The Issues related to Sunnah

  11. The issue of Abrogation (Naskh)

  12. The Language- Clarity of Language and linguistic issues

  13. Research on Command and Prohibition: Definition; ways that command and prohibition are conveyed in Arabic. The legal value of it, an order after a prohibition, and non-literal uses of it

  14. Research on the General and Specific: Definitions of the ‘Aam and Khaas, generalization terminology

  15. Research on the Unlimited and the Limited: Definitions of the Mutlaq and Muqayyid, the working relationship between the two.

  16. Research on the Textual Implications: The Stated (Mantooq) and Unstated ( Maskoot)

  17. Discussion on Ijmaa’: Definition, books on Ijmaa’ and the controversy on the authority of Ijmaa

  18. Study on Qiyaas: Definition, proof for those who reject the Qiyaas and the conditions pertaining to the original and new cases.

  19. Research on Istis-haab (Presumption of Continuity): definition, recognition and evidence for its authority and its types.

Textbook

  1. Required Text:

Bilal Philips, A Commentary on Usool al- Fiqh Made Easy

  1. Supplementary Texts:

Study notes by Riaz Ansary

Imran Ahsan Khan Nyazee, Outlines of Islamic Jurisprudence

Muhammad Hashim Kamali, Principles of Islamic Jurisprudence

Course Description

This course is comprised of a study of the fundamental issues of Islamic Law. The book of faraa\\\'id is all about the estate of the deceased. A very important subject known only to few. While many people sacrifice their entire life for the well-being of themselves and those they love, at the very crucial time of their life they act unwisely and inflict the continuous torment on themselves, and even on those they love.

I. OBJECTIVES

  1. To enable the student to understand the origins of Islamic Law.

  2. To illustrate the importance of the law of inheritance

  3. To be able to distribute the estate of the deceased according to Sharia

  4. To guide the students by teaching them how to implement the Islamic law of succession in this modern world

II. CLASS CONTENT

A. Inheritance (Meeraath)

  1. Definition, Status, Evidences, Foundations of the Inheritance System: Pillars, Reasons, Conditions, Inhibitors

  2. Rights Which Supersede Inheritance Rights; Burial, Debts, Wills

  3. Heirs; Basic Rules, Adjustments

  4. Cases; Fetus, lost individuals, hermaphrodites, illegitimate child,

  5. Blockage; Rules governing principles which cancel the right to inherit

B. Bequest (Wasiyyah)

  1. Definitions, Status, Evidences; Pillars, Inhibitors,

  2. Rules Governing Bequest along with Inheritance

C. Qis’as (Legal Retribution)

  1. Murder: Definition, Types

  2. Qis’as: It legality in Shariah, Conditions for fulfillment, Qis’as for parts of the body and wound, Qis’as when a group kills an individual.

III. TEXTBOOKS

  1. Required Text:

  • Dr. Salih Al Fawzan, A Summary of Islamic Jurisprudence Vol 2

  • Dr A. Hussain, the Islamic law of succession

  • Notes supplied by Dr Muhammad Anwar Sahib AlMadani


 

  1. Supplementary Texts:

  • Shaykh Muhammad Saleh Al Uthaimeen, Sharhul Mumti\\\'e

  • Sayyid Sabiq, Fiqhus Sunnah

Course Description

This course deals with Islamic Criminal Law. In this course, we will discuss the various rulings related to the Hudood punishments, also we will find out the differences between legal retribution and prescribed punishments, as well as how to implement it and by whom. All these in order to prevent other incidences of such crimes from occurring. In other words it serves as a deterrent for the culprit and a forewarning for others. These laws are implemented by the state and it is not in the hands of individuals to execute as they like. All these punishments and before that, all the precautionary steps taken by Islam so that the doors leading to acts of evil is eliminated from the beginning, are some of the highlights of this study.

I. OBJECTIVES

  1. To enable the student to understand the origins of Islamic Law.

  2. To illustrate the importance of the law of legal retribution and prescribed punishments.

  3. To be able to understand the importance of this law for peace and security.

  4. To exemplify the result of implementing this law in any land, anytime.

II. CLASS CONTENT

  1. Diyah (Blood Money)

  1. Definition, importance and need, amounts of diyah, conditions for bearing the responsibility of paying the money

  2. Indemnity for body organs; senses and functions; and for wounds and fractures

  3. Expiation for murder, compurgation

  1. Hudood (Prescribed Punihment)

  1. Definition, importance and need

  2. Prescribed punishment for zina, slander, intoxicants, stealing, highway robbery etc.

  1. Fighting the rebels

  2. Legislation regarding apostasy

  3. The book of food

  1. Halaal and Haraam Issues, types of food, evidence related to it

  2. Conditions of slaughtering

  3. Hunting: Conditions, what to do before and after hunting etc.

  1. Oaths and Vows: Definition, types of oaths, permissible and non-permissible and conditions of oath

III. TEXTBOOKS

  1. Required Text:

  • Dr. Salih Al Fawzan, A Summary of Islamic Jurisprudence Vol 2


 

  1. Supplementary Texts:

  • Shaykh Muhammad Saleh Al Uthaimeen, Sharhul Mumti\\\'e

  • Sayyid Sabiq, Fiqhus Sunnah

  • Muhammad Subhi bin Hasan Hallaq, Qur’an and Sunnah




Economics

 

Islamic Economics I
Course Description

This course covers the economic foundations of Islam, including the contemporary issues regarding finance and banking.

I. Objectives

  1. To develop the students’ basic knowledge of the conventional economics: Scarcity, Demand, Supply and Equilibrium.

  2. To equip the students with the economic factors and remedies specific to Islam: consumer behavior, falah, and moderation.

  3. To enable the students to comprehend the Islamic alternatives to the conventional economics: Islamic banking, Interest, Insurance, and other modern economic activities.

  4. To enable the students to understand and compare the principles of economics in a state: main economic sectors in Islamic and non-Islamic states.

  5. To encourage the students to search for answers to the current economic problems using case studies from contemporary examples.

II. CLASS CONTENT

Part one: Principles of Conventional Economics

  1. Introduction to Economics and its main branches

  2. Trade, Absolute and Comparative Advantage

  3. The Demand and Supply curve
  4. Meaning of Equilibrium and the basic competitive equilibrium model

Part Two: The Islamic Economics
  1. Consumer Behavior
  2. Moderation and Ownership
  3. Poverty, Falah, Resources, Cooperation and Participation

  4. Methodology of Islamic Economics

Part Three: The Islamic Economics in Practice

  1. Interest (usury) and Zakah

  2. Money and Banks in Islam
  3. Commodity Exchange and Stock Exchange in an Islamic Economy.

  4. Insurance

Part Four: Comparison and Evaluation

  1. Assessment of Corporate Securities in terms of Islamic Investment Requirements

  2. Capitalism, Socialism/Communism vs. Islam

  3. Basic considerations in determining the goals of the firm


 

III. TEXTBOOKS

A. Required Text:

Muhammad Akram Khan, An Introduction to Islamic Economics.

B. Supplementary Texts:

Afzal-ur-Rahman, Economic Doctrines of Islam

Joesph Stiglitz, Principles of Microeconomics


 

The course will examine the nature and history of money, its role as well as that of the financial system in the economy; The course will cover interest rates and profit rates in the Islamic banking industry; financial institutions, including current innovations in the banking system and the supervision and regulation of banks by the government; selected elements of macroeconomics, including a discussion of international economics and the importance of exchange rates; and monetary policy, including alternative understandings of interest rates, as well as alternative monetary systems.

This course covers ‘The Principles of Economics’ which includes both the Principles of Microeconomics and Macroeconomics. Clearly, those who understand economic principles (together with the principles of Islamic Economics) will have a distinct advantage in making sense of the economy and successfully participating in it.

This course covers the economic foundations of Islam, including the contemporary issues regarding finance and banking.

The purpose of this course is to connect basic microeconomic theory and methods to managerial decision-making. Since all managerial decision making takes place in a context of scarcity—whether in terms of time, financial resources, human and capital resources, etc.—the field of economics (which studies of the allocation of our scarce resources) is especially well-suited to address the managerial decision making process. Thus, this course analyzes the process of managerial decision making in an economic context.

 

Objectives
A. Understand the concept, goal, scope, and fundamentals of managerial economics.
B.  Apply supply and demand analysis to analyze the impact of economic events on markets and firms.
C. Describe the optimal production decision-making process for firms.
D. Perform optimization procedures (e.g., to maximize profits, minimize costs) using basic mathematical tools.
E. Explain the relevant cost issues related to firm-level decision making.
F. Determine the optimal pricing strategy for a given set of cost and market conditions.
G. Understand the four basic market models of perfect competition, monopoly, monopolistic competition, and oligopoly, and how price and quantity are determined in each model
H. Discuss the implications of different market structures on pricing and optimal output decision making of firms.
I. Understand why there is a role for the government to play in market economies

The course discusses the role and importance of capital markets in the economy. It presents the underlying theories as well as the instruments and the players involved. A critical analysis of the bonds, shares and derivatives instruments from an Islamic viewpoint will be provided. The course will also thoroughly examine the Sukuk market, its prospects and challenges.

 

Objectives
1. To understand the underlying theories of capital market
2. To comprehend the institutions and instruments of the capital market
3. To critically evaluate the conventional financial instruments and practices from an Islamic viewpoint
4. To comprehend the Sukuk market

This course is comprised of a study of the fundamentals of Economics and how they are related when countries indulge in international trade. Furthermore, it helps comprehend the impact of this trade on developing and developed economies.

The course also details the Islamic perspective of major economic concepts and analyses how countries can improve their economic state and move closer to an Islamic economic system.

 

Objectives
A. To enable students to understand the implications of economic concepts on and of International Trade
B. To be able to distinguish between the current economic trends and Islamic concepts
C. To illustrate the usefulness of Islam as a model governing all economic systems and the impact of it on society as a whole.

This course is comprised of a study of the fundamental topics for business and economics mathematics. The basics and essential Mathematical terms, definitions, and problems will be taught from both fields of Economics and Business.

Mathematics a problem for many student is nowadays used much in higher studies and professional levels too. So this small effort will help Business and Economics students to amalgamate these fields with mathematical tools.

Focus will be on doing much practice through lot of examples. An active participation by students will be much helpful for understanding the subject fully.




Management

 

Islamic Management
Course Description

This course is comprised of a study of fundamental issues in management when it is viewed from an Islamic perspective. This new perspective will be addressed as an emerging discipline for resolving the managerial issues of the modern times.

I. Objectives

  1. To introduce the student to Management from an Islamic Perspective

  2. To enhance the student’s knowledge regarding the role of Islamic values in promoting managerial excellence.

  3. To increase sensitivity to unethical practices such as bribing, corruption and mismanagement.

  4. To enable students to critically analyze a new area of management as an alternative approach to purely conventional management

  5. To discuss contemporary issues in Management from an Islamic Perspective.

II. CLASS CONTENT

  1. Introduction: Islamic Perspective and Synthesis of Management

  2. Literature on Islamic Management

  3. Environment and Corporate Culture

  4. Planning

  5. Motivation

  6. Communication

  7. Managing Change and Conflict

  8. Working with Difficult People
  9. Competition

  10. Islamic Business Ethics
  11. Leadership

  12. Managing Quality and Excellence
  13. Human Resource Management


 

III. TEXTBOOKS

A. Required Text:

Kazmi & Ahmad, Management from Islamic Perspective

Sharif, Noordin and Abdullah, Managing Organizational Conflict from an Islamic perspective,

B. Supplementary Texts:

Jabnoun, Islam and Management

This course presents the liquidity portion of the Basel Committee’s reform to strengthen global capital and Risk regulations with the goal of promoting a more resilient banking sector. The objective of the course is to help student understand and acquire the right skills/knowledge in other to improve the banking sector’s ability to absorb shocks arising from financial and economic stress.

 

Objectives:
A. To equip students/participants with the right skills/knowledge to improve the banking sector
B. Focus on key areas that are fundamental to the development and establishment of Risk management functions in banks and on selected areas of the ALM process where failures to get these areas right can have a cataclysmic impact on the organization
C. Compare and contrast the similarities and difference between Conventional Derivatives and Islamic Finance derivatives and how the can be used as Risk management tools
D. At the end of the course, students will be able to describe risk management process
E. Identify key factors that affect interest rates, exchange rates and commodity prices

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This course is comprised of a study of fundamental issues in management when management is viewed from an Islamic perspective. This new perspective will be addressed as an emerging discipline.

The primary objective of this course is to provide a framework to the students to understand individual and group behaviour in organisations. This course aims to enhance the students’ understanding and application of organisational behaviour and encourage them to apply innovative techniques to manage human resources effectively. The study may involve a case study with a live project.

These sessions will broadly cover

  • Basis of behaviour of individuals in the organisations
  • Leadership and motivation
  • The fundamentals of group behaviour
  • Organisational structure, culture and change

 

Muslims today are often found lacking the essentials of strong leadership traits and lack self-motivation. This course shall also shed some light on the same and may Allaah make it a source for all to benefit from.




Accounts and Finance

Accounting is often referred to as the language of business. The purpose of accounting is to provide meaningful financial information to individuals and institutions that have an interest in business, whether they are investors, creditors or managers. Intelligent investors seek out financial information on companies to make more informed investment decisions. It is a company’s accounting system that creates and provides the information used by investors. Business managers likewise need information produced through accounting in making the day-to-day operational decisions that improve a company’s performance and profitability. If you hope to become a successful investor or manager or simply want a better understanding of your own financial situation, you will need to understand accounting information to improve your decision-making.

This is an introductory course in finance that describes the fundamental financial principles that govern the ethical behavior of business in the pursuit of sustainable competitive advantage. The topics covered encompass study of financial objectives of business enterprise, financial statements analysis, time value of money, risks and returns and capital budgeting. At the end, this course also introduces the principles of Islamic financial system.

This subject includes managerial accounting for non-accounting majors with the topics, such as: cost estimation, budgeting, performance evaluation, transfer price determination, production-cost systems and the analysis of investment decision making.

Objectives
A.Understand the limitations of traditional cost calculation systems.
B.Calculate costs according to activities and according to the managing activity.
C.Make appropriate business decisions according to relevant costs and income.
D.Exercise managerial control and manage systems.

This course integrates financial analysis, interpretation, and performance evaluation. it explores measurement of items on financial statements. This course is intended to equip the students with the financial information tools that are needed for evaluating past performance and predicting future performance of a company or division. The course also introduces students to the investment management processes, investment markets and transactions, sources of investment information and advice, margin trading and short selling, investing in equities and fixed income securities and portfolio management. The course aims to equip students with the tools necessary to make good investment decisions.

 

Objectives
A.To enable the students to describe the sources of information needed for financial statement analysis.
B.To enable the students to apply horizontal, vertical, trend and ratio analyses to financial statements of a company.
C.To enable the students to perform cash flows analysis in order to evaluate the cash flows position of a company.

This course is designed to provide fundamental knowledge of accounting principles and practices as applied in Islamic Financial Institutions especially in Islamic Banks according to the standard issued by Accounting and Auditing Organization for Islamic Financial institutions (AAOIFI). The course also examines and discussed contemporary accounting issues for main Islamic Financial Products. The course also equips the students with the details of process of performance analysis of Islamic banks from a financial statement analysis perspective.

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This course is comprised of the fundamentals of Islamic finance and Islamic Banking. Economists have been debating the impact of religion on Economics performance for many years. Many have questioned whether Economics can be mixed with religion or whether the drag on economic development in many Muslim countries is attributed to their beliefs. But as we progress in the lecture, one would find out that Islam promotes growth.




Tafseer

Course Description

This course is a survey of the principles of Quranic exegesis. The first half of the curriculum focuses on ‘uloom al-Qur’an (background knowledge required of anyone who undertakes explanation of the Qur’an, especially its use of the Arabic language). The second half is a survey of works of tafseer, including the major classical works of tafseer bil-ma’thoor and tafseer bil-ra’y as well as modern trends in tafseer, particularly thematic tafseer.

 

I. OBJECTIVES

1. To enable the student to understand the origins of the science of usool al-tafseer.

2. To familiarize the student with the nature of revelation and the unique qualities of the Qur’an, including its unparalleled preservation, it’s seven ahruf and its recitations.

3. To acquaint the student with the proper methodology for Qur’anic exegesis.

 

II. CLASS CONTENT 

     1. Introduction to the Science of Tafseer

     2. Books of Tafseer

     3. Translations of the Qur\\\'an

     4. Wahy

     5. The Revelations of the Qur\\\'aan

     6. Collection of the Qur\\\'aan

     7. The Qur\\\'aanic Text

     8. Dialects and Recitations 

     9. Reasons for Revelation

     10. Makkan and Madeenan Revelations

     11. Naasikh and Mansookh

     12. Muhkam and Mutashaabih

     13. Literary Forms of the Qur\\\'aan

     14. The Language of the Qur\\\'aan 

 

III. TEXTBOOKS

A. Required Text:

     Bilal Philips, Usool at-Tafseer

     Study notes by Riaz Ansary

B. Supplementary Texts:

     Yasir Qadhi, An Introduction to the Sciences of the Qur\\\'aan

     Ahmad Von Denffer, \\\'Ulum al-Qur\\\'aan (Eng. Trans.)

     As-Suyootee, al-Itqaan fee \\\'Uloom al-Qur\\\'aan

     Az-Zarkashee, al-Burhaan fee \\\'Uloom al-Qur\\\'aan

     Mannaa\\\' al-Qattaan, Mabaahith fee \\\'Uloom al-Qur\\\'aan

     Muhammad \\\'Alee az-Zarqaanee, Manaahil al-\\\'Irfaan fee \\\'Uloom al-Qur\\\'aan




Arabic Language

Course Description

Arabic Grammar Level 2 develops knowledge of Arabic grammar in a unique way based on the frequency of vocabulary usage. Level 2 focuses mainly on the morphology of verbs in the perfect tense and their grammatical constructions. Its lessons are taught using English as the medium of instruction in order to further develop the student\\\'s basic understanding of Arabic grammar from an English grammatical perspective.

I. TEXTBOOKS 

A. Required Text:

  •  Bilal Philips, Arabic Grammar made easy (Book One)

B. Supplementary Text:

  • Slideshow Presentation

Arabic 202

In this course the student is provided with an excellent introduction to grammar rules, grammatical analysis, morphology, vocabulary and expressions

I. Objectives

A.  To teach grammar rules

B.   To equip student with the skill of analyzing the text.

C.  To enrich student’s vocabulary

D.  To enhance student’s language skills-hearing, speaking, reading and writing

E.  To develop skills to communicate with Arabic speakers by writing and speaking

F.  To create awareness regarding the aspects of Islamic culture

II. TEXTBOOKS

A. Required Text:

دروس اللغة العربية -book 2

Course Description

Arabic 201 is specifically designed to provide students with the fundamental skills in mastering proper pronunciation and conversing in everyday situations while introducing relevant vocabulary.

I. Objectives 

  • To enable students to read and understand basic modern standard Arabic.
  • Correcting the student’s reading and conversational skills as well as developing his ability to express his opinions and thoughts in correct phrases.
  • To enable students to carry out basic conversations with their fellow students of Arab origin.  

II. TEXTBOOKS 

A. Required Text:

  •  Al-Arabiyatu Bayna Yadayk Volume 1   
     

 

Course Description

 

Arabic Grammar Level 1 introduces students to Arabic grammar in a unique way based on the frequency of vocabulary usage. Level 1 focuses completely on the major nominal grammatical constructions. Its lessons are taught using English as the medium of instruction in order to give the student a basic understanding of Arabic grammar from an English grammatical perspective.

I. TEXTBOOKS 

A. Required Text:

  •      Bilal Philips, Arabic Grammar made easy (Book One)

 
 

 




Tajweed

Course Description

This level of Tajweed teaches beginners the pronunciation skills and basic Tajweed rules needed to ensure correct recitation of the Qur’aan.

I. Objectives

1. To establish a bond between the student and Allah’s Book by learning its proper recitation.

2. Enabling the student of the Islamic Online University to correctly recite the Noble Qur'an and thoroughly preparing him to carry the university's message that is based on Allah's Book.

3. Clarifying the excellence of reciting the Noble Qur'an and studying it.

4. To make the student familiar with Qur'aanic pronunciation skills and the most common rules of Tajweed, theoretically and practically.


II. Class Content

 

 

A. The Qur'aan (recitation only)

B. Tajweed

Ad-Duhaa to An-Nas 

Al-Ghashiyah to Al-Layl

Al-Mutaffifin to Al-'A`la

An-Naba' to Al-'Infitar

Al-'Insan & Al-Mursalat

Al-Muddaththir & Al-Qiyamah

Al-Qalam to Al-Muzzammil

Al-Mulk

At-Tahrim 

At-Talaq

At-Taghabun

Al-Munafiqun

Al-Jumu`ah

As-Saf

 

Introduction to Tajweed, and the virtues of learning and reciting the Qur'an

Types of Lahn

Rules of Isti'aathah the Basmalah

Introduction to the articulation points

Articulation points

The characteristics of the letters

The characteristics of Hams and Jahr

The characteristics of Shiddah, Tawassut and Rakhaawah

The characteristics of Isti'laa', Inkhifaad, Itbaaq and Infitaah

The characteristics of Safeer and Qalqalah

The characteristics of Leen and Inhiraaf

The characteristics of Tikraar, Tafash-shee and Istitaalah 

  

 

III. Textbook

A. Required Text:

Kareema Carol Czereinski, Tajweed rules of the Qur’aan, Vol. 1 and 2

B. Supplementary Texts:

Umm Muhammad, A Brief Introduction to Tajweed

Course Description

This level of Tajweed teaches intermediate students pronunciation skills and the general Tajweed rules needed to ensure correct recitation of the Qur’aan. 

I. Objectives

1. To establish a bond between the student and Allah’s Book by learning its proper recitation.

2. Enabling the student of the Islamic Online University to correctly recite the Noble Qur'an and thoroughly preparing him to carry the university's message that is based on Allah's Book.

3. Clarifying the excellence of reciting the Noble Qur'an and studying it.

4. To make the student familiar with Qur'aanic pronunciation skills and the most common rules of Tajweed, theoretically and practically.


II. Class Content

 

A. The Qur'aan (recitation only)

B. Tajweed

Adh-Dhariyat to  Al-Qamar

 

Ar-Rahman to Al-Hadid

 

Al-'Ahqaf & Muhammad

 

Ash-Shuraa

 

Az-Zukhruf

 

Ad-Dukhan & Al-Jathiyah

 

Fussilat

 

Az-Zumar

 

Sad 

 

As-Saffat 

 

Ya-Sin

 

Fatir

 

Saba' 

 

Al-'Ahzab

 

Luqman & As-Sajdah

 

Ar-Rum

Tafkheem and Tarqeeq

 

The rules of noon saakina and tanween

 

The rules of meem saakina

 

The Ghunnah

 

The rules of laam saakinah

 

The rules of al-mutamaathilain, al-mutajaanisain, al-mutaqaaribain, and al-mutabaa’idain

 

The rules of Idghaam

 

The rules of madd

 

The rules of hamzat al-Wasl

 

The rules of starting, stopping, and pausing

 

III. Textbook

A. Required Text:

Kareema Carol Czereinski, Tajweed rules of the Qur’aan, Vol. 1, 2 and 3

B. Supplementary Texts:

Umm Muhammad, A Brief Introduction to Tajweed

 




Hadeeth

Course Description

This course is a survey of the principles upon which the study of hadeeth rests. The historical milieu that surrounded the developments of this science are taken into account and the methodology of this science that gradually appeared is rendered against its historical environment along with an analysis of its content. The various classification schemes are discussed and how the many developments of the science, although possibly seen independent of each other, are interconnected accumulating finally into a comprehensive critical appreciation of Islamic sources.

I. OBJECTIVES

1. Educating and training students regarding Hadeeth terminology specific to the Hadeeth sciences.

2. Understanding the rules used by the hadeeth scholars for grading hadeeths according to their reliability.

3. Developing in the students an ability to distinguish the hadeeth of the Prophet (Peace be upon him) from that which is not.

 

II. CLASS CONTENT

     1. Introduction: The Status of the Sunnah in Islamic Law

     2. Hadeeth Science and its terminologies

     3. Division of Narrations: 1. Mutawaatir and 2. Ghayr Mutawaatir

     4. Division of Narrations: 1. Maqbool and 2. Mardood

     5. Hadeeth Mawdoo‘

     6. Division of Narrations: 1. Marfoo‘, 2. Mawqoof and 3. Maqtoo‘

     7. Hadeeth Qudsee

     8. Sahaabah: Definition and their characteristics.

     9. At-Taabi‘oon and those who followed them until the end of the era of narration.

     10. Mardood due to faults in the narrators: Either due to lack of Integrity (‘Adaalah) or lack of Accuracy ( Dabt)

     11. Methods of Hadeeth Narration

     12. Conditions for Hadeeth Narration

     13. Textual Harmonization,

     14. Hadeeth Books,

     15. Women Scholars of Hadeeth

 

III. TEXTBOOKS

A. Required Text:

     Bilal Philips, Usool al-Hadeeth 

B. Supplementary Texts:

     Suhaib Hasan, An Introduction to the Science of Hadith

     Muhammad Siddique, Hadith Literature

     Mustapha Azami, Early Studies in Hadeeth Literature

     Ibn Katheer, al-Baahith al-Hatheeth

     Ibn Salaah, Tadreeb ar-Raawee

Course Description

The course provides students with an opportunity to study the Hadeeths regarding the things which the Prophet (peace be upon him) considered to be the best. These are based on a book entitled The Best in Islam series which was written by Dr. Bilal Philips. The students will be able to know which practices are the best in Islam, act upon them and earn reward from Allah.


I. OBJECTIVES

A. Providing the student with the knowledge of the hadeeths that are pertaining to the things which are considered to be the best in Islam.
 

B. Providing a detailed explanation of the best things in Islam.
 

C. Linking up the explanation of the hadeeths with contemporary events and issues so as to provide relevance to the students.

D. Making students aware of need to act upon these hadeeths and propagate them to others.
 



II. TEXTBOOKS

A. Required Text:

 Dr. Bilal Philips, A transcription of the lectures by Dr. Bilal Philips

B. Supplementary Texts:

None
 

 




Islamic Studies

 

Da’wah & Du’aat
Course Description

This course is comprised of a study on the importance of dawah, and the characteristics a dai’ should possess for effective transmission of message. The course further elaborates on preparing the dai’s mindset.

I. OBJECTIVES

A. Making students aware of the importance of giving da’wah

B. Identifying and understanding what approach must be adopted for handling different situations

C. Creating awareness and importance of their own conduct and controlling oneself.

D. Making the students aware of the importance of research, patience and using ones initiative.

E. To provide clear guidelines on how to deal with Muslims from different backgrounds


 

II. CLASS CONTENT

  1. Introduction to the topic of Da’wah and its importance

  2. Principles of Da’wah
    1. Adhering to the Quran and Sunnah

    2. Knowledge and Insight

    3. Understanding

    4. Wisdom
    5. Mutual Love and Good Relations
    6. Patience and bearing hardships
    7. Adorning oneself with Excellent Manners’

    8. Breaking the barriers between the caller and the people

    9. Use of Kindness and Gentleness
    10. Open hearts regarding difference of opinion among scholars

    11. Controlling one’s emotion according to the dictates of the shariah

    12. Not losing hopes
    13. Communicating with those of authority.

    14. Trips and visit planning for youth

  3. How to be just and reasonable in one’ dawah

  4. Characteristics of a successful Dai’

  5. Calling to Islam Vs Seeking knowledge

  6. Means of performing Da’wah
  7. Practical training through question and answers; inviting ones family and friends, difference of opinions amongst scholars and making accusations, women as dai’; inviting to the way of Allah, the meaning of Islamic awakening, dawah on societies where Muslims are a minority, inviting the disbelievers to the way of Allah etc.

III. TEXTBOOKS

A. Required Text:

The Islamic Awakening – important guidelines – Shaykh Muhammad ibn Salih al-Uthaymeen.

B. Supplementary Texts: None

This course looks at the cultural foundations of Islam in order to enable the student to distinguish it from cultural traditions and practices commonly associated with Islam, as well as to understand reasons for the current cultural clash.



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