MEETINGS OF THE HEADS OF DEPARTMENTS OF
ECONOMICS AND ISLAMIC ECONOMICS IN
THE UNIVERSITIES OF THE KINGDOM OF
- Islamic Economics courses which are taught in the universities of the Kingdom of Saudi Arabia.
- Principles of Islamic Economics Course material prepared by the Syllabuses Committee within the Islamic Economics Research Center.
Most Important Recommendations:
1. The participants recommend adopting the first four main subjects as stated in the description made in the paper prepared by the Syllabus Committee in the Islamic Economics Research Center regarding concepts and terminology taught in the Islamic Economics courses as a university requirement. These four main subjects are as follows:
First Subject: An introduction which would deal with the following subjects:
- The importance of the subject.
- The concept of an order, madhab (School of Thought), science and economic policy.
- The place of the Islamic Economic Order within the global Islamic Order.
- Purposes of the Islamic Economic Order.
- The economic problem.
Second Subject: Economic Freedom, Government Intervention and Economic Policies.
Third Subject: Ownership
Fourth Subject: Distribution
2. The Center and all departments of economics recommend and encourage teaching staff to prepare annexes to the following subjects as stated in the paper prepared by the Syllabuses Committee in the Center. These Annexes include:
- Money and Banking System: This should be annexed to Money and Banking Course.
- Financial System: This should be annexed to Public Finance Course.
- Comprehensive Development: This should be annexed to Economic Development Course.
- Economic Relations: This should be annexed to International Economics Course.
3. The participants recommend to the Center to select specific sujbects and prepare detailed vocabulary/concepts for them and then send these programmes to departments to review, where, God willing, they will be discussed in their final form in a coming meeting.
4. For the purpose of overcoming shortage of teaching staff who desire to teach Islamic Economics courses, the participants recommend secondment of staff from certain universities to teach in other universities. In this framework, King Abdu Aziz University could cooperate with Imam Mohamed Bin Saud Islamic University in Riyadh. There could also be cooperation between King Abdul Aziz University and the University of Um Al Qura in Makkah Al Mukarramah, etc.
5. The participants recommend departments of economics to introduce a course in Fiqh-ul-Mu'amalaat Al Maliyyah (Islamic Business Law) as part of the syllabus due to the importance of this subject to graduates of Economics and Management Sciences Colleges in the Kingdom of Saudi Arabia.
6. The participants recommend to the Center to explore the possibility of organizing Shari'ah training courses to those university staff in Economics and Management Sciences Colleges who are interested in Islamic economics issues.