A. Economics in the
Sources of Islamic Law
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A0 General
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A1 Qur’an and Economics
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A2 Hadith and Economics
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A3 Consensus on Economic
Matters
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A4 Applications of
Customary Practice (urf ) in Economic Matters
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A5 Application of
Jurisprudential Rules of Deduction/Preference in Economic Matters
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A6 Jurisprudential
Research Effort (ijtihad) and its Examples in Economic Matters
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A7 Economics in other
Sources of Islamic Law
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B. Economics and
Objectives of Shariah (Maqasid al-Shariah)
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B0 General
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B1 Definition and
Classification of (Maqasid al-Shariah)
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B2 Maqasid al-Shariah and Contemporary
Contracts
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B3 Development of Islamic
Economics Theory and Maqasid al-Shariah
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B4 Islamic Financial
Practice and Achievement of Maqasid al Shariah
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B5 Maqasid al-Shariah and Economics and
Finance Issues (e.g. growth, welfare etc.)
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C. Economics and
Islamic Jurisprudence
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C0 General
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C1 Essential Rules of
Jurisprudence (related to economic matters)
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C2 Jurisprudence of
Contracts
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C3 Shariah Maxims
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C4 Jurisprudence Rules
Relating to Non-Monetary Matters
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C41 Jurisprudence of
Neighborhood
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C42 Jurisprudence of
Pre-Emption
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C43 Jurisprudence of
Misappropriation (ghasb)
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C5 Jurisprudence of
Monetary Matters
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C51 Jurisprudence of Wealth
and Ownership
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C52 Jurisprudence of Torts
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C53 Jurisprudence of Trade
and other Business Forms
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C54 Jurisprudence of Debts
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C55 Jurisprudence
of Zakah (payers, categories of recipients etc.)
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C56 Jurisprudence of
Voluntary and Compulsory Charity other than Zakah
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C57 Jurisprudence of
Inheritance
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C58 Jurisprudence of
Currencies
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C59 Jurisprudence of
Markets
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D. History of Islamic
Thought with Reference to Economic Matters
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D0 General
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D1 Contributions on
Economic Matters Before 5th Century AD
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D2 Contributions
on Economic Matters from 6th to 19th Century AD
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D3 Contributions on
Economic Matters After 19th Century AD
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D4 Contribution to
Economic Thought by Muslim Scholars (Individual)
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D5 Contributions by Muslim
Scholars on an Economic Issue
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E. Islamic
Economic Institutions
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E0 General
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E1 Zakah (a prescribed Islamic
levy)
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E11 Zakah and Taxation
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E12 Zakah ,
Distributional Equity and Poverty Alleviation
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E13 Zakah Accounting
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E14 Contemporary Issues in Zakah
(e.g. zakah on shares)
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E15 Applications of Zakah
in Modern Economies and Empirical Studies
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E2 Trusts (awqaf )
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E21 Historical Role of Awqaf
in Economic and Social Development
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E22 Contemporary Issues in Awqaf
(e.g. cash awqaf, waqf model of insurance)
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E23 Applications of Awqaf
in Modern Economies
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E3 Other Charitable
Institutions
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E31 Economics of Non-Profit
Organizations (NPOs)
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E32 Management of NPOs
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E33 Goodly Loan
Institutions
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E4 Market
Inspection/Scrutiny (hisbah)
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E41 Jurisprudential Aspects
of the Institution of Scrutiny
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E42 Distinction Between the
Institution of Scrutiny and Judiciary
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E43 Historical Role of
Market Inspector
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E44 Contemporary Practices
of the Institution and their Evaluation
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E5 Public Treasury (bayt
al-mal)
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E51 Nature and Functions of
Bayt al-mal
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E52 Historical Role of Bayt al-mal
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E53 Bayt al-mal as Compared to Modern Ministries of Finance
and Economics
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E54 Institution of Shura;
Functions, operating rules and Economic Implications
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F. Economic Systems
and Islam
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F0 General
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F1 Islamic Economic System
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F11 Components of Islamic
Economic System
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F12 Salient Features of
Islamic Economic System
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F13 Assessment of Islamic
Economic Practices in the Past and Present
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F2 Islam and Capitalism
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F21 Assessment of
Capitalistic System
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F22 Similarities and
Dissimilarities Between Capitalistic and Islamic System
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F3 Islam and Socialism
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F31 Assessment of
Socialistic System
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F32 Similarities and
Dissimilarities Between Socialistic and Islamic System
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F4 Islam and Welfare State
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F41 Assessment of Welfare
State System
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F42 Similarities and
Dissimilarities Between Welfare State and Islamic System
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F5 Comparative Economic
Systems
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F51 General Studies on
Islamic Versus other Systems
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F52 Specific Studies on a
Particular Economic Issue in Various Systems
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G. Assessment of
Contemporary Economic Thought
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G0 General
|
G1 Contemporary Economic
Thought and Islamic World View
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G2 Assessment of Classical
and Neo-Classical Economics and its Institutions
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G21 Scarcity of Resources
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G22 Unlimited Wants
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G23 Concept of Rationality
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G24 Profit/Utility
Maximization
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G25 Laissez-faire
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G26 Pareto Optimality
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G3 Assessment of Keynesian
Economics and its Institutions
|
G31 State and Market
Intervention
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G32 Aggregate Demand and
its Components
|
G33 Role of Rate of
Interest in the Economy
|
G4 Assessment of Marxian
Economics and its Institutions
|
G41 Surplus Value
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G42 State Control of
Property and its Economic Implications
|
G43 Labor Compensation
|
G5 Assessment of
Behavioral Economics and Finance
|
G6 Assessment of Heterodox
Economics
|
G61 Institutional Economics
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G62 Austrian Economics
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G63 Other Economic
Paradigms
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H. Economic
Analysis
|
H0 General
|
H1 Teaching of Islamic
Economics and Finance
|
H2 Economic Models and
Paradigms
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H21 Methodology of Islamic
Economics
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H22 Theorization of Islamic
Economics
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H23 Theory of Financial
Intermediation
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H24 Assessment of Theories
of Islamic Economics and Finance
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H25 Role of Jurisprudence
in the Development of the Theories of Islamic Economics and Finance
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H3 Micro Economic
Behavior: Basic Islamic Principles
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H31 Individual
Decision-Making: Uncertainty, Asymmetric Information
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H32 Consumer Economics, Consumer
Protection, Household Behavior, Family Economics
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H33 Theory of Firm and
Organizations of Production
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H34 Market Structures and
Pricing
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H35 Theories of Input and
Output Pricing
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H36 Allocative Efficiency,
Externalities and Welfare
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H37 Role of Information in
Market Efficiency, Insider Trading
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H38 Value Theory
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H39 Game Theory
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H4 Macro Economics
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H41 National Product/Income
and its Determination
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H42 Unemployment, Inflation
and Business Fluctuation/Cycles
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H43 Public Sector Economics
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H44 Economics of Non-Profit
Sector
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H45 Scope and Benefits of
Privatization
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H46 International Trade
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H5 Economic and Social
Development
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H51 Islamic Concept of
Development and General Welfare (Falah)
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H52 Financial and other
Requirement for Development and Growth
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H53 Externalities and their
Treatment
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H54 Issues Relating to Land
(rehabilitation, tenure systems, reforms)
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H55 Growth and Development
in Economies of Muslim Countries
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H56 Economic Cooperation
among Muslim Countries
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H57 Environment and
Pollution Issues
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H58 Islamic Institutions
such as Family, Brotherhood, Neighborhood and Economic Rights and
Responsibilities Emerging Therefrom
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H59 Colonization,
Multinational Economic Institutions and their Effects on LDCs
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H6 Economics and Related
Sciences Viewed from Islamic Perspective
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H61 Economics and
Philosophy
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H62 Law and Economics
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H63 Tort Law and Under
Shariah
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H64 Family and Personal Law
Under Shariah
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H65 Business
Administration, Auditing and
Accounting
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H66 Agricultural and
Natural Resource Economics
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H67 Economics and Ethics
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H68 Economics and Sociology
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H69 Economics and Other
Social Sciences
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I. Financial
Economics
|
I0 General
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I1 Rationale for Islamic
Finance: Prohibition of riba
|
I11 Theoretical Debates on riba,
(definition, rationale of prohibition etc.)
|
I12 Types of riba
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I13 Riba in Other Religions and
Philosophies
|
I14 Riba Versus Usury Versus
Interest
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I15 Benchmarking using
interest rates like LIBOR
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I16 Riba and its Economic
Effects
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I2 Prohibited Contracts
and Practices (Other than riba)
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I21 Gharar
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I22 Gambling
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I23 Ghaban
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I24 Prohibited Types of
Buyu (Sale/purchase practices)
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I3 Theory and Models of Islamic
Banking and Finance
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I31 Two-Tier Mudarabah
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I32 Profit, Loss and
Sharing
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I33 Investment Banking
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I34 Ethics-Based Investing
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I4 Islamic Banking Models
Compared to Other Banking Models
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I41 Islamic Banking and
Anglo Saxon Banking
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I42 Islamic Banking and Universal
Banking
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I43 Islamic Banking and
Socially Responsible Investing (SRI)
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I44 Narrow Banking
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I5 Relationship Between
Islamic Finance and International Financial Practice
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I51 Capital Adequacy, Risk
Exposure and Basel Rules
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I52 Rules of Engagements
with Conventional Banks
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I53 Islamic Banking Windows
in Conventional Banks
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I6 Islamic Non-Commercial
Banking Institutions
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I61 Theory and Practice of
Islamic Fund Management
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I62 Mudarabah Funds
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I63 Community-Service Based
Financing (e.g. Tabung Haji)
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I64 Equity Funds and
Indices
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I65 Islamic Insurance,
Insurance Companies (takaful, re-takaful)
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I66 Cooperatives and Small
Saving Institutions
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I67 Micro Finance
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I68 Housing and Real Estate
Financing (Mortgages)
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I7 Capital, Money, Stock
Markets
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I71 Portfolio Choice,
Investment Decisions
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I72 Asset Pricing, Contingent
pricing
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I73 Islamic Capital Markets
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I74 Money Markets and
Islamic Finance
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I75 Islamic Equity Markets
and Indices
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I76 Islamic Secondary
Markets
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I77 Venture Capital
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I8 Modern
Contracts/Practices (Having Questions wrt Shariah Permissibility)
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I81 Derivatives
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I82 Futures
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I83 Speculative Activities
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I84 Options
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J. Islamic Finance
in Practice
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J0 General
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J1 “Islamic” Finance in
Medieval Era
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J2 Islamic Finance in
Twentieth Century
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J3 Country/Regional
Experiences in Islamic Financial Practices
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J31 Experiences of Full
Islamization of Economies
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J32 Experiences of Mixed
Systems in Muslim Countries
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J33 Experiences in
Non-Muslim Countries
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J4 Scope and Prospects of
Islamic Finance
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J41 History of Growth of
Islamic Finance
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J42 Challenges Facing
Islamic Finance
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J43 Future of Islamic
Finance
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K. Classical
Islamic Contracts and their Use in Modern Islamic Financial Products
|
K0 General
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K1 Designing, Structuring,
and Pricing of Islamic Products, i.e., Financial Engineering
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K2 Use of Conventional
Benchmarks, LIBOR, etc.
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K3 Qard
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K4 Mudarabah
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K5 Musharakah
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K6 Murabahah
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K7 Ijarah
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K8 Muzaraah, Musaqah and
other modes related to agriculture sector
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K9 Salam
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K10 Istisna and other modes
related to manufacturing sector
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K11 Wakalah
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K12 Jualah
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K13 Pawning (rahn)
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K14 Supply Contract (tawrid)
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K15 Tawwaruq
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K16 Sukuk
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K17 Tahawut (Hedging)
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K18 Hawalah
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K19 Guarantee (daman)
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L. Appraisal of Islamic
Banking and Finance in Practice
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L0 General
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L1 Accounting and Auditing
Standards
|
L11 Accounting and Auditing
Standards for Islamic Financial Institutions (AAOIFI Standards)
|
L12 International Standards
Such as Set by Basel Committee and their Implications for Islamic Finance
|
L2 Issues in Islamic
Banking Laws and Shariah for Contemporary Islamic Finance Practice
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L21 Shariah Standards
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L22 Role of Shariah
Boards/Shariah Supervisors
|
L23 Shariah Auditing of
IFIs
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L24 Issues Relating to Shariah-Compliance
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L25 Banking Laws in Various
Jurisdictions and Practice of Islamic Finance
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L26 Regulatory Schemes and
Shariah-Compliance Issues
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L27 Efficiency of Islamic
Banking
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L28 Rating of Islamic
Financial Institutions (IFIs), Rating Agencies.
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L3 Technical Issues in
Islamic Financial Practice
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L31 Portfolio Management
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L32 Risk and Risk
Management
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L33 Liquidity and Liquidity
Management
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L34 Governance Issues in
Islamic Banking and Finance
|
L4 Comparative
Performance: Islamic Versus Conventional Banking and Finance
|
L5 New issues Arising in
the Practice of Islamic Banking and Finance
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L6 Perceptions about the
Practice of Islamic Banking and Finance
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M. Income and
Wealth Acquisition
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M0 General
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M1 Islamic Concept of
Wealth: Al-Mal (definition, kinds, nature of ownership)
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M2 Sanctity of Private
Property and its Implications
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M3 Collective (Societal)
Property and Rights of Member of the Society
|
M4 Personal Income and
Wealth Acquisition
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M41 Islamic Rules for
Earning (kasb)
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M42 Permissible Means of
Acquiring Income and Wealth
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M5 Islamic Inheritance and
its Economic Aspects
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M51 Islamic Rules of Inheritance
and their Economic Implications
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M52 Islamic Rules of Will (wasiyyah)
and their Economic Implications
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