IDEAS home Printed from https://ideas.repec.org/a/abd/kauiea/v33y2020i2no11p145-155.html
   My bibliography  Save this article

Islamic Finance Education: Theoretical Developments and Practical Challenges تعليم التمويل الإسلامي: التطورات النظرية والتحديات التطبيقية

Author

Listed:
  • Kamola Bayram

    (Assistant Professor, Department of Islamic Economics and Finance, KTO Karatay University, Turkey)

Abstract

The role of Islamic finance education is important for meeting the human resource needs of the Islamic finance (IF) sector in the long run. Therefore, in order to produce quality human resource, several approaches are used such as: (i) university degree programs; (ii) specialized trainings and workshops; (iii) distance learning programs; and (iv) publications, webinars, and other media. Teaching of IF started in the 1990s following the arrival of Islamic banking, and mainly focused on the doctrinal debates on ribā. In 1991, International Islamic University Malaysia (IIUM) offered an Islamic banking and Islamic financial system course at the undergraduate level. By 2017, there were 688 Islamic finance education providers from 76 countries around the world. However, today, the IF education sector faces some issues and major challenges. This article looks at the current state of IF education; discusses the divergence between theory and practice with special focus on the issues and major challenges in Islamic finance education; and discusses IF education in the context of quantity versus quality with focus on IF scientific output. يُعتبر دور تعليم التمويل الإسلامي مهم جدًا لتلبية احتياجات الموارد البشرية لصناعة التمويل الإسلامي على المدى الطويل. لقد تم اللجأ إلى العديد من الأساليب لغرض تكوين كوادر بشرية عالية الجودة تُناسب طبيعة عمل مؤسسات التمويل الإسلامي. ومن أمثلة تلك الأساليب: البرامج الجامعية، والدورات التدريبية وورش العمل المتخصصة، وبرامج التعلم عن بعد، والمواد والندوات المتنوعة المتاحة على الإنترنت ووسائل الإعلام التقنية الحديثة الأخرى. في حدود ما وقفت عليه الباحثة من مصادر ظهر أن تدريس التمويل الإسلامي بدأ في التسعينيات بعد انتشار المصرفية الإسلامية في العديد من الدول. ففي عام 1991م طرحت الجامعة الإسلامية العالمية بماليزيا لبرنامج بكالوريوس الاقتصاد مساقي المصرفية الإسلامية والنظام المالي الإسلامي، وبحلول عام 2017م بلغ عدد المؤسسات التي تُقدم برامج تتعلق بالتمويل والمصرفية الإسلامية 688 مؤسسة موزعة على 76 دولة مختلفة حول العالم. ومع وجود هذا الحجم المعتبر من المؤسسات إلاَّ أن قطاع التعليم التمويل الإسلامي لا يزال يواجه العديد من القضايا والتحديات الرئيسة. تتناول الورقة الوضع الحالي لهذا القطاع؛ حيث تناقش الاختلاف بين النظرية والتطبيق مع التركيز بشكل خاص على القضايا والتحديات الرئيسة في تعليم التمويل الإسلامي في سياق الكمية مقابل النوعية مع التركيز على المخرجات العلمية التي تمثل الثمرة النهائية لهذا الجهد.

Suggested Citation

  • Kamola Bayram, 2020. "Islamic Finance Education: Theoretical Developments and Practical Challenges تعليم التمويل الإسلامي: التطورات النظرية والتحديات التطبيقية," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 33(2), pages 145-155, July.
    • Handle: RePEc:abd:kauiea:v:33:y:2020:i:2:no:11:p:145-155
    DOI: 10.4197/Islec.33-2.11
    as

    Download full text from publisher

    File URL: https://iei.kau.edu.sa/Files/121/Files/153867_33-02-11-KaBayram-121020.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.4197/Islec.33-2.11?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Rusni Hassan, 2020. "Reforming Islamic Finance: Why and How? إصلاح التمويل الإسلامي: لماذا و كيف؟," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 33(2), pages 67-80, July.
    2. Mehmet Asutay, 2013. "Islamic moral economy as the foundation of Islamic finance," Chapters, in: Valentino Cattelan (ed.), Islamic Finance in Europe, chapter 4, pages 55-68, Edward Elgar Publishing.
    3. Mehmet Asutay, 2007. "Conceptualisation Of The Second Best Solution In Overcoming The Social Failure Of Islamic Banking And Finance: Examining The Overpowering Of Homoislamicus By Homoeconomicus," IIUM Journal of Economics and Management, IIUM Journal of Economis and Management, vol. 15(2), pages 167-176, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Abdul Razak, Azila & Asutay, Mehmet, 2022. "Financial inclusion and economic well-being: Evidence from Islamic Pawnbroking (Ar-Rahn) in Malaysia," Research in International Business and Finance, Elsevier, vol. 59(C).
    2. Arman Mergaliyev & Mehmet Asutay & Alija Avdukic & Yusuf Karbhari, 2021. "Higher Ethical Objective (Maqasid al-Shari’ah) Augmented Framework for Islamic Banks: Assessing Ethical Performance and Exploring Its Determinants," Journal of Business Ethics, Springer, vol. 170(4), pages 797-834, May.
    3. Elena Platonova & Mehmet Asutay & Rob Dixon & Sabri Mohammad, 2018. "The Impact of Corporate Social Responsibility Disclosure on Financial Performance: Evidence from the GCC Islamic Banking Sector," Journal of Business Ethics, Springer, vol. 151(2), pages 451-471, August.
    4. Mehmet Asutay & Noor Zahirah Mohd Sidek, 2021. "Political economy of Islamic banking growth: Does political regime and institutions, governance and political risks matter?," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(3), pages 4226-4261, July.
    5. Habib Ahmed, 2014. "Analytical tools of Islamic economics: choice and the equi-marginal principle," Chapters, in: M. Kabir Hassan & Mervyn K. Lewis (ed.), Handbook on Islam and Economic Life, chapter 5, pages iii-iii, Edward Elgar Publishing.
    6. Zein Muttaqin, 2019. "The Nature of Excessive Behavior (ISRAF) in the Islamic Economic Framework," GATR Journals jber169, Global Academy of Training and Research (GATR) Enterprise.
    7. Abdulkader Cassim Mahomedy, 2013. "Islamic economics: still in search of an identity," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 40(6), pages 556-578, May.
    8. Kader, Haithem, 2021. "Human well-being, morality and the economy: an Islamic perspective," Islamic Economic Studies, The Islamic Research and Training Institute (IRTI), vol. 28, pages 102-123.
    9. Rodney Wilson, 2020. "The Case for Respecting the Status quo in Islamic Finance دواعي احترام الوضع الراهن للتمويل الإسلامي," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 33(2), pages 93-100, July.
    10. Mabid Ali Al-Jarhi, 2020. "Reforming Islamic Finance إصلاح المالية الإسلامية," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 33(2), pages 101-107, July.
    11. M. Rahila Begam & Manivannan Babu & M. M. Sulphey, 2024. "Development and Validation of an Islamic Investor’s Sentiment Scale for Stock Market Investment," Business Perspectives and Research, , vol. 12(1), pages 26-44, January.
    12. Mehmet Asutay & Primandanu Febriyan Aziz & Banjaran S. Indrastomo & Yusuf Karbhari, 2023. "Religiosity and Charitable Giving on Investors’ Trading Behaviour in the Indonesian Islamic Stock Market: Islamic vs Market Logic," Journal of Business Ethics, Springer, vol. 188(2), pages 327-348, November.
    13. Daud Mustafa, 2020. "Reforming Islamic Finance: Mainstreaming Underserved Segment and the Third Sector إصلاح التمويل الإسلامي: الشريحة غير المخدومة والقطاع الثالث," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 33(2), pages 137-144, July.
    14. Billah, Mabruk & Alam, Md Rafayet & Hoque, Mohammad Enamul, 2024. "Global uncertainty and the spillover of tail risk between green and Islamic markets: A time-frequency domain approach with portfolio implications," International Review of Economics & Finance, Elsevier, vol. 92(C), pages 1416-1433.
    15. Krisztina Szegedi & Yahya Khan & Csaba Lentner, 2020. "Corporate Social Responsibility and Financial Performance: Evidence from Pakistani Listed Banks," Sustainability, MDPI, vol. 12(10), pages 1-19, May.
    16. Muhammad Ayub, 2020. "Issues in Theory and Practice of Islamic Finance and the Reform Agenda خطة مقترحة لإصلاح صناعة الخدمات المالية الإسلامية," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 33(2), pages 81-92, July.
    17. Mohamed Albaity & Mahfuzur Rahman, 2021. "Customer Loyalty towards Islamic Banks: The Mediating Role of Trust and Attitude," Sustainability, MDPI, vol. 13(19), pages 1-19, September.
    18. Eddy Yusof, Ezry Fahmy & Kashoogie, Jhordy & Anwar Kamal, Asim, 2009. "Islamic Finance: Debt versus Equity Financing in the Light of Maqasid al-Shari'ah," MPRA Paper 20722, University Library of Munich, Germany.
    19. Shafiullah Jan & Nazim Zaman, 2012. "Evaluating The Social And Development Oriented Performance of Meezan Bank," Business & Economic Review, Institute of Management Sciences, Peshawar, Pakistan, vol. 4(1), pages 55-71, April.
    20. Mehmet Asutay, 2013. "The development of Islamic banking in Turkey: regulation, performance and political economy," Chapters, in: Valentino Cattelan (ed.), Islamic Finance in Europe, chapter 15, pages 213-227, Edward Elgar Publishing.

    More about this item

    Keywords

    Islamic finance education; Islamic finance ecosystem; Bibliometric analysis. تعليم التمويل الإسلامي، منظومة التمويل الإسلامي، التحليل الببليومتري.;
    All these keywords.

    JEL classification:

    • A23 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Graduate
    • G20 - Financial Economics - - Financial Institutions and Services - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:abd:kauiea:v:33:y:2020:i:2:no:11:p:145-155. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: King Abdulaziz University, Islamic Economics Institute. (email available below). General contact details of provider: https://edirc.repec.org/data/cikausa.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.