Introduction to Economics & Islamic Economics

Dr. Monzer Kahf
Dr. Monzer Kahf
Last Update June 22, 2022
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About This Course


Dr. Monzer Kahf
Islamic Economics & Finance Dept., Istanbul Zaim University


This course by Prof. Monzer Kahf introduces the participants to the fields of Economics and Islamic Economics. It explains all about the frameworks and basic concepts such as but not limited to: What is Economics? What is Political Economics? What is scarcity and what is the definition of “Mal” (i.e. money)? What is GDP? What is wealth and what is Added Wealth?

It explores economic activity in Islamic Thought as well as the various sources of economic studies. The fundamentals of Islamic Economics have been tackled here as well as the concept of ownership in both conventional economics and Islamic economics.

In addition, Prof. Monzer sheds light on the distribution of wealth and income; compares Islamic Banking to Conventional Banking while emphasizing the many advantages of Islamic Banking, and he concludes by showing how Islamic Finance can solve contemporary economic problems.


10 Lessons2h 56m

Unit 1 – Introduction

Unit 2 – Frameworks & Basic Concepts

Unit 3 – Economic Activity in the Islamic Thought

Unit 4 – Sources of Economic Studies

Unit 5 – Fundamentals of Islamic Economics

Unit 6 – Ownership in Economics & Islamic Economics

Unit 7 – Distribution of Wealth & Income

Unit 8 – Islamic vs. Conventional Banking

Unit 9 – Advantages of Islamic Banking

Unit 10 – How Can Islamic Finance Solve Contemporary Economic Problems?

Your Instructors

Dr. Monzer Kahf

Professor of Islamic Finance & Economics

3 Courses
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2 Students
Dr. Monzer Kahf is a Syrian American professor of Islamic Economics and Finance. He received his Ph.D. in Economics from the University of Utah in 1975. He has made significant contributions to Islamic Economics and Finance. His contributions include being a collaborating expert at the Islamic Fiqh Academy, and IMF Consultant on Islamic Finance. Dr. Monzer also served as the Head of Research in IRTI-IDB, Senior Research Economist, Director of Finance in the Islamic Society of North America, and a few other positions. He is the author of 35 books, more than 75 published articles and scores of conference and encyclopedia entries on Awqaf, Zakah, Islamic finance and banking and other areas of Islamic economics. Dr. Kahf is a professor and consultant/trainer on Islamic banking, finance, Zakah, Awqaf, Islamic Inheritance, Islamic estate planning, Islamic family law, and other aspects of Islamic economics, finance, Islamic transactions (Mu'amalat). Dr. Kahf is currently a Professor of Islamic Finance & Economics at the Faculty of Economics and Management, Istanbul Sabahattin Zaim University, Turkey.
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Introduction to Economics & Islamic Economics
All Levels
Duration 2.9 hours
10 lectures

Material Includes

  • Islamic Banking and Development: An Alternative Banking Concept? - Monzer Kahf
  • Principles of Islamic Financing: A Survey - Monzer Kahf & Tariqullah Khan