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Economic System in Islam

Course Description: The Islamic Economic System (103) is considered one of the four Islamic culture requirements approved for the bachelor's degree stage at Qassim University. The Department of Da'wah and Islamic Culture at the College of Sharia is responsible for teaching it and conducting its final exam, while the course instructor conducts the midterm exam and evaluates student work throughout the semester.

Credits: 2

Prerequisites: IC 101

Objectives of the course :

• Defining Islam's approach to addressing issues, in contrast to economic solutions in man-made systems: capitalism and socialism.
• Statement of the Sharia rules and regulations that govern economic life and financial transactions.
• Statement of the comprehensiveness and perfection of Islam in terms of its attention to economic affairs in various fields, and the extent of its effectiveness in finding appropriate solutions for them.

Course outputs :

Knowledge and understanding:
The meaning of the Islamic economic system, social solidarity, and banks becomes clear. .
2- Recognize positivist economic systems. .
3 – Represents public ownership, state ownership, and private ownership. .
4- Identifies legitimate and illegitimate means of livelihood. .
Skills:
Distinguishes between the Islamic economic system and man-made systems. .
2. It deduces the fundamentals of the capitalist and socialist systems. .
Distinguish between functional distribution and redistribution in Islamic economics.
4- Compares Islamic banks and commercial banks. .
Differentiate between commercial insurance and cooperative insurance. .
Values, autonomy and responsibility:
The student must adhere to the Sharia methodology in dialogue with others.
2. The student applies Islamic values in their interactions with all segments of society, both Muslim and non-Muslim.

Additional information:

Course Topics:
Definition of the Islamic economic system, and sources of the Islamic economic system.
The doctrinal foundations of the Islamic economic system and its associated principles. .
Positive Economic Systems (Capitalist - Socialist - Mixed).
Characteristics and objectives of the Islamic economic system. .
Ownership in Islamic Economics. .
Legitimate reasons for private ownership, and forbidden reasons for earning. .
Project spending and controls. .
Restricted economic freedom, state intervention in economic activity.
Socioeconomic solidarity. .
Distribution in Islamic economics, and redistribution in Islamic economics.
Banks. .

Last updated: 2026-06-08