Universität Wien

180175 SE Islamic Finance (2022W)

Economic, Ethical and Historical Foundations

5.00 ECTS (2.00 SWS), SPL 18 - Philosophie
Continuous assessment of course work
ON-SITE
Moodle

Registration/Deregistration

Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).

Details

max. 30 participants
Language: English

Lecturers

Classes (iCal) - next class is marked with N

Please note that the rooms for the seminar change because of the block format!

Wednesday 16.11. 13:15 - 14:45 Hörsaal 3C, NIG Universitätsstraße 7/Stg. II/3. Stock, 1010 Wien
Wednesday 16.11. 15:00 - 16:30 Hörsaal 3C, NIG Universitätsstraße 7/Stg. II/3. Stock, 1010 Wien
Thursday 17.11. 13:15 - 14:45 Hörsaal. 2H NIG 2.Stock
Thursday 17.11. 15:00 - 16:30 Hörsaal. 2H NIG 2.Stock
Friday 18.11. 13:15 - 14:45 Hörsaal 3B NIG 3.Stock
Friday 18.11. 15:00 - 16:30 Hörsaal 3B NIG 3.Stock
Wednesday 23.11. 13:15 - 14:45 Hörsaal 3C, NIG Universitätsstraße 7/Stg. II/3. Stock, 1010 Wien
Wednesday 23.11. 15:00 - 16:30 Hörsaal. 2H NIG 2.Stock
Thursday 24.11. 13:15 - 14:45 Hörsaal. 2H NIG 2.Stock
Thursday 24.11. 15:00 - 16:30 Hörsaal. 2H NIG 2.Stock
Friday 25.11. 15:00 - 16:30 Hörsaal 2G, NIG Universitätsstraße 7/Stg. II/2.Stock, 1010 Wien
Friday 25.11. 16:45 - 18:15 Hörsaal 2G, NIG Universitätsstraße 7/Stg. II/2.Stock, 1010 Wien
Wednesday 30.11. 13:15 - 14:45 Hörsaal 3C, NIG Universitätsstraße 7/Stg. II/3. Stock, 1010 Wien
Wednesday 30.11. 15:00 - 16:30 Hörsaal 3C, NIG Universitätsstraße 7/Stg. II/3. Stock, 1010 Wien

Information

Aims, contents and method of the course

The current economic establishment is often perceived as unjust, because the profit motive displaces real economic needs of human beings. For the last half-century, Islamic Economics and Islamic Finance have been proposed as an alternative to the current economic system, supposedly founded on the teachings of the Islamic faith. The following interdisciplinary seminar aims to shed light on the historical development, the theological and ethical foundations and current trends in the industry. Also, we will highlight discrepancies between normative prescriptions and their practical realization.
The following subtopics will be discussed:
- Short introduction to the Islamic faith, its main sources, economic and legal aspects.
- Main features of an Islamic economy and differentiation from conventional models
- Trade-offs between ideal conceptions and economic reality
- Realization attempts and main issues
- Development and current trends in the Islamic finance industry

Learning outcomes
- Students will learn the cornerstones of Islamic economic and legal traditions, moreover they become acquainted with the key tools to undertake interdisciplinary research in topics related to the Islamic world and Muslim religion.
- They will learn the key ethical aspects of Islamic economic thinking and will be able to set them in historical context
- They will become familiar with the key features of Islamic Finance
- They will be able to critically reflect upon the current issues of the Islamic Finance industry

Assessment and permitted materials

- Seminar paper (15 pages + bibliography) - 60% (the following subcriteria will be applied in the final evaluation:
o consistency of the research goals and the research question(s) in accordance with the course material (30%)
o extent, scope and layout (10%)
o language and intelligibility (10%)
o adherence to the citation rules (10%)
- Presentation (30%) with handout (max. 600 Words) due to three days before the presentation. Length: 15-20Min + 10-15 Minutes class discussion
- Regular attendance and class contribution (10%)
As this class is designed as an introductory seminar, no special knowledge or skills are required. A sufficient command of English and interest in the seminar topics are important though.
Students of all disciplines of humanities (e.g. philosophy, law, Islamic studies) and social sciences (sociology, economics) are encouraged to take part.

As this course is a seminar, class attendance is mandatory. Unexcused absence in more than two units (1 unit = 1,5h) will be sanctioned with deregistration.
The seminar paper is due to 28th February 2023. Submissions after this date cannot be considered.

Minimum requirements and assessment criteria

Grading:
87,5%-100%: 1 (Excellent)
75%-87,4%: 2 (Good)
62,5%-74,9%: 3 (Satisfactory)
50%-62,4%: 4 (Sufficient)
0%-49,9%: 5 (Non- Sufficient)

Examination topics

Reading list

Association in the course directory

Last modified: Mo 07.11.2022 13:49