Islamic Monetary Economics and Institutions

# Islamic Monetary Economics and Institutions

## Part I: Foundations of Islamic Monetary Economics
- Introduction to Islamic Economics
  - Principles of Islamic Economics
  - The Role of Ethics in Islamic Finance
  - Comparison with Conventional Economics
- Theoretical Framework of Islamic Monetary Economics
  - Prohibition of Riba (Interest)
  - Concept of Money in Islam
  - The Role of Zakat and Sadaqah
- Historical Development of Islamic Monetary Systems
  - Early Islamic Caliphates and Monetary Practices
  - Evolution of Islamic Banking
  - Modern Developments in Islamic Finance

## Part II: Institutions in Islamic Finance
- Islamic Financial Institutions
  - Structure and Functions of Islamic Banks
  - Islamic Capital Markets
  - Takaful (Islamic Insurance)
- Regulatory Frameworks for Islamic Finance
  - Sharia Compliance and Governance
  - International Standards for Islamic Finance
  - Challenges in Regulation and Supervision
- Central Banking in Islamic Economies
  - Role of Central Banks in Islamic Monetary Policy
  - Instruments of Monetary Policy in Islamic Frameworks
  - Case Studies of Islamic Central Banks

## Part III: Contemporary Issues in Islamic Monetary Economics
- Stability and Sustainability in Islamic Finance
  - Risk Management in Islamic Banks
  - Financial Inclusion through Islamic Microfinance
  - Environmental, Social, and Governance (ESG) Considerations
- Globalization and Islamic Finance
  - Integration of Islamic Finance into Global Markets
  - Cross-Border Islamic Financial Transactions
  - Challenges of Harmonization with Conventional Systems
- Future Directions for Islamic Monetary Economics
  - Innovations in Fintech and Islamic Finance
  - Potential for Islamic Finance in Emerging Markets
  - Research Gaps and Opportunities in Islamic Economics

## Part IV: Case Studies and Applications
- Case Study 1: Malaysia as a Hub for Islamic Finance
  - Development of Islamic Banking in Malaysia
  - Regulatory Environment and Success Factors
  - Lessons for Other Countries
- Case Study 2: Islamic Finance in the Gulf Cooperation Council (GCC)
  - Growth of Islamic Banking in GCC Countries
  - Sukuk (Islamic Bonds) Market Development
  - Regional Challenges and Opportunities
- Case Study 3: Islamic Microfinance in Africa
  - Role of Islamic Microfinance in Poverty Alleviation
  - Implementation Models and Impact Assessment
  - Scaling Up Islamic Microfinance Initiatives