| Ders Adı | Kodu | Yarıyıl | T+U Saat | Kredi | AKTS |
|---|---|---|---|---|---|
| Rısk Management In Islamıc Fınance | IEF 623 | 0 | 3 + 0 | 3 | 6 |
| Ön Koşul Dersleri | |
| Önerilen Seçmeli Dersler | 1. Principles of Islamic Finance 2. Islamic Commercial Law (Fiqh al-Muʿāmalāt), including sale and partnership contracts
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| Dersin Dili | İngilizce |
| Dersin Seviyesi | Doktora |
| Dersin Türü | Seçmeli |
| Dersin Koordinatörü | Dr.Öğr.Üyesi MOHAMED ZAKARIA FODOL |
| Dersi Verenler | Dr.Öğr.Üyesi MOHAMED ZAKARIA FODOL, |
| Dersin Yardımcıları | |
| Dersin Kategorisi | Diğer |
| Dersin Amacı | The course aims to enable doctoral students to:
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| Dersin İçeriği | Risk management constitutes a core pillar of modern financial intermediation and is equally central to Islamic financial institutions (IFIs). While Islamic finance shares the same fundamental risk-management logic, analytics, and governance challenges as conventional finance, it introduces additional layers of contractual structure, asset-based financing, risk-sharing principles, and Shariah governance. This doctoral-level course provides a systematic, research-oriented examination of risk management in Islamic financial institutions, integrating universal risk-management frameworks with the institutional, contractual, and ethical foundations of Islamic finance. The course is designed for students from diverse academic backgrounds and therefore progresses from foundational concepts to advanced analytical and research applications. |
| Kalkınma Amaçları |
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| # | Ders Öğrenme Çıktıları | Öğretim Yöntemleri | Ölçme Yöntemleri |
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| Hafta | Ders Konuları | Ön Hazırlık |
|---|---|---|
| 1 | Risk, Uncertainty, and Legitimacy in Islamic Finance | |
| 2 | Probability, Speculation, and Gharar in Financial Decision-Making | |
| 3 | Risk Categories, Typologies, and the Risk Universe | |
| 4 | The Risk Management Process: Purpose, Governance, and Control | |
| 5 | Market Risk in Islamic Financial Institutions | |
| 6 | Credit Risk and Counterparty Exposure | |
| 7 | Liquidity Risk, Funding Constraints, and Balance-Sheet Discipline | |
| 8 | Mid-Term Assessment (Take-Home / Research Project) | |
| 9 | Model Risk, Measurement Limits, and Accountability | |
| 10 | Risk Transfer, Hedging, and Their Shariah Legitimacy | |
| 11 | Risk Sharing as the Ethical Architecture of Islamic Finance | |
| 12 | Financial Engineering, Asset-Backing, and Transparency of Loss | |
| 13 | Risk Management in Islamic Financial Institutions | |
| 14 | Risk Management in Takaful, Islamic Investment Funds, and ISFIs |
| Kaynaklar | |
|---|---|
| Ders Notu | |
| Ders Kaynakları | Required Readings These works constitute the core intellectual backbone of the course and are expected to be read closely by all students. Al-Amine, M. A. (2015). Risk management in Islamic finance: An analysis of derivatives instruments in commodity markets. Leiden: Brill. Al-Suwailem, S. (2006). Hedging in Islamic finance. Jeddah, Saudi Arabia: Islamic Research and Training Institute, Islamic Development Bank. Basel Committee on Banking Supervision. (2013). Basel III: The liquidity coverage ratio and liquidity risk monitoring tools. Bank for International Settlements. https://www.bis.org/publ/bcbs238.htm El-Gamal, M. A. (2006). Islamic finance: Law, economics, and practice. Cambridge: Cambridge University Press. Hull, J. C. (2018). Risk management and financial institutions (5th ed.). Hoboken, NJ: Wiley. Islamic Financial Services Board. (2005). Guiding principles of risk management for institutions (other than insurance institutions) offering only Islamic financial services (IFSB-1). Kuala Lumpur: IFSB. https://www.ifsb.org/standard/ifsb1 Recommended Readings These sources provide theoretical depth, regulatory context, empirical evidence, and advanced applications, and are to be used for assignments, OSA activities, and research projects. Accounting and Auditing Organization for Islamic Financial Institutions. (2015). AAOIFI accounting standards. Manama: AAOIFI. Accounting and Auditing Organization for Islamic Financial Institutions. (2015). AAOIFI governance standards. Manama: AAOIFI. Accounting and Auditing Organization for Islamic Financial Institutions. (2017). AAOIFI Shariah standards. Manama: AAOIFI. Alisa Ahmad, A., Ahmad, A. A., & Halim, M. A. A. (2014). The concept of hedging in Islamic financial transactions. Asian Social Science, 10(8). Basel Committee on Banking Supervision. (2011). Principles for the sound management of operational risk. Bank for International Settlements. https://www.bis.org/publ/bcbs195.htm Beck, T., Demirgüç-Kunt, A., & Merrouche, O. (2013). Islamic vs. conventional banking: Business model, efficiency and stability. Journal of Banking & Finance, 37(2), 433–447. https://doi.org/10.1016/j.jbankfin.2012.09.016 COMCEC Coordination Office. (2019). Risk management in Islamic financial institutions. Ankara: COMCEC. COSO. (2017). Enterprise risk management—Integrating with strategy and performance. Committee of Sponsoring Organizations of the Treadway Commission. Islamic Financial Services Board. (2009). Guiding principles on Shariah governance systems for institutions offering Islamic financial services (IFSB-10). Kuala Lumpur: IFSB. Islamic Financial Services Board. (2012). Guiding principles on liquidity risk management for institutions offering Islamic financial services (IFSB-12). Kuala Lumpur: IFSB. Islamic Financial Services Board. (2014). Revised capital adequacy standard for institutions offering Islamic financial services (IFSB-15). Kuala Lumpur: IFSB. Islamic Financial Services Board. (2018). Guidance note on hedging. Kuala Lumpur: IFSB. International Islamic Financial Market & International Swaps and Derivatives Association. (2010). Tahawwut (hedging) master agreement. Manama & New York: IIFM–ISDA. Jorion, P. (2007). Value at risk: The new benchmark for managing financial risk (3rd ed.). New York: McGraw-Hill. Knight, F. H. (1921). Risk, uncertainty, and profit. Boston: Houghton Mifflin. Laldin, M. A., & Furqani, H. (2013). Developing Islamic finance in the framework of Maqasid al-Shariah. International Journal of Islamic and Middle Eastern Finance and Management, 6(4), 278–289. https://doi.org/10.1108/IMEFM-05-2013-0057 Markowitz, H. (1952). Portfolio selection. The Journal of Finance, 7(1), 77–91. https://doi.org/10.1111/j.1540-6261.1952.tb01525.x |
| Sıra | Program Çıktıları | Katkı Düzeyi | |||||
|---|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | |||
| 1 | İslam ahlak anlayışı hakkında akademik düzeyde bilgi sahibi olma | ||||||
| 2 | İslam hukukunun temel kavramları ve metodolojisi hakkında yeterli düzeyde bilgi sahibi olma | ||||||
| 3 | İslam muamelat hukuku hakkında yeterli düzeyde bilgi sahibi olma | ||||||
| 4 | Ekonomi ve finans bilimi hakkında yeterli düzeyde bilgi ve beceri sahibi olma | X | |||||
| 5 | Ekonomi ve finans alanında global düzlemdeki mevcut işleyişi bilme ve güncel gelişmeleri takip edebilme | ||||||
| 6 | Temel İslam bilimleri ile ekonomi-finans bilimleri arasında disiplinlerarası akademik çalışmalar yapabilme | X | |||||
| 7 | Finansal sistemde İslami ilkelere uygun özgün mekanizma ve ürünler geliştirebilme | X | |||||
| 8 | Ekonomi ve finans alanındaki yeni gelişmeleri, İslam ahlak anlayışı ve hukuku perspektifinden açıklama ve yorumlama | ||||||
| 9 | Görev aldığı alanlarda ve ekonomik-ticari faaliyetlerde etik kurallara uygun davranma | ||||||
| 10 | En az bir yabancı dilde akademik eser verebilme | X | |||||
| 11 | Kurumların tüm paydaşlarının hakkını ve yararını gözeten bir anlayışa sahip olma | ||||||
| 12 | Gerekli bilgi teknolojilerini kullanma becerisine sahip olma | ||||||
| # | Ders Öğrenme Çıktılarının Program Çıktılarına Katkısı | PÇ 1 | PÇ 2 | PÇ 3 | PÇ 4 | PÇ 5 | PÇ 6 | PÇ 7 | PÇ 8 | PÇ 9 | PÇ 10 | PÇ 11 | PÇ 12 |
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| Değerlendirme Sistemi | |
|---|---|
| Yarıyıl Çalışmaları | Katkı Oranı |
| 1. Ödev | 60 |
| 1. Performans Görevi (Seminer) | 40 |
| Toplam | 100 |
| 1. Final | 50 |
| 1. Yıl İçinin Başarıya | 50 |
| Toplam | 100 |
| AKTS - İş Yükü Etkinlik | Sayı | Süre (Saat) | Toplam İş Yükü (Saat) |
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