The Master’s Program in Islamic Economics and Finance at Ibn Haldun University offers a research-oriented graduate education for students who seek to engage the field with both intellectual depth and contemporary relevance. The program is designed not only to introduce the principles and institutions of Islamic economics and finance, but also to develop the analytical, legal, and methodological capacities required to study them critically and responsibly.
As debates on ethics, sustainability, financial inclusion, governance, and public benefit become increasingly central to economic life, Islamic economics and finance has emerged as an important field of inquiry for those interested in more value-conscious and socially grounded approaches to markets and institutions. In this respect, the program approaches the field not merely as a technical specialization, but as a broader area of academic and applied inquiry situated at the intersection of economics, finance, law, public policy, and Islamic thought.
The program benefits from Ibn Haldun University’s broader commitment to intellectual independence, comparative education, multilingual scholarship, and socially relevant research. Students are expected to develop as independent researchers while also engaging meaningfully with real-world institutional questions. The curriculum combines compulsory courses in core areas such as Islamic Economics, Islamic Finance, Islamic Property and Contract Law (Fiqh Muamalat), and Principles of Islamic Jurisprudence (Usul al-Fiqh) with a diverse elective pool that supports specialization in either Islamic Economics or Islamic Finance.
Another distinctive feature of the program is the academic ecosystem it seeks to build around internationally recognized scholars and experienced professionals. As reflected in the program’s current academic direction and public-facing materials, the program aims to bring together strong foundations in research, academic insight, and real-world participation-finance experience. This gives students an opportunity to pursue graduate study in a setting that is both intellectually serious and professionally meaningful.
For students who wish to continue to doctoral study, the program provides a solid basis in academic writing, seminar work, and thesis-based research. For those who seek to contribute in public institutions, participation finance, advisory work, or related sectors, it offers an opportunity to engage with Islamic economics and finance in a way that is analytically grounded, ethically attentive, and socially relevant.
The quota for the Islamic Economics and Finance (English) Master’s Program is 16 students.
Tuition Waiver
Subject to meeting the relevant requirements, 10 students are granted 100% tuition waiver.
Cash Scholarships
Among the students who are granted 100% tuition waiver, 3 students may, subject to meeting the relevant requirements, receive a monthly “Merit Scholarship” of 23,500 TL.*
Important Note: The information provided above is valid for the 2026-2027 Academic Year admissions cycle and is subject to budgetary and quota limitations. Admission to these quotas is based on applicants’ ranking in the scientific evaluation examination. For detailed information and conditions regarding tuition waivers, cash scholarships, and teaching assistantship opportunities, please visit the relevant pages.
*Within this quota and on a limited basis, some students may be offered “Merit Scholarship 2” (BAB 2) in the amount of 17,000 TL per month for 10 months, subject to the decision of the relevant department.
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On-Campus Dormitories for Female and Male Students
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Supportive Research and Project Ecosystem
The Master’s Program in Islamic Economics and Finance at Ibn Haldun University is a thesis-based graduate program conducted in English. It is designed for students who wish to study Islamic economics and finance in a rigorous, research-oriented, and internationally engaged academic environment.
The program approaches Islamic economics and finance not merely as a technical field of financial products and institutions but as a broader area of inquiry that includes ethics, law, markets, governance, public policy, and socio-economic development. In this sense, it aims to equip students with a strong understanding of both the intellectual foundations of the field and its contemporary institutional and practical dimensions.
In line with Ibn Haldun University’s academic vision, the program encourages critical, comparative, and interdisciplinary inquiry. It draws on the University’s commitment to intellectual independence, multilingual scholarship, and value-conscious social science while remaining attentive to current debates on justice, sustainability, financial inclusion, and the public role of economic institutions.
The program is particularly suited to students from diverse academic and cultural backgrounds who seek advanced training in research as well as meaningful engagement with real-world questions. It welcomes applicants interested in pursuing academic careers, doctoral study, policy-oriented research, and informed professional work in sectors related to participation finance, public institutions, civil society, and advisory practices.
Through coursework, seminars, and thesis research, students are expected to develop analytical depth, methodological competence, and the ability to produce knowledge that is academically grounded and socially relevant. In this respect, the program aims not only to prepare students for scholarship but also to cultivate researchers and professionals capable of contributing to the common good through thoughtful and responsible engagement with society and institutions.
The curriculum of the Master’s Program in Islamic Economics and Finance is designed to provide students with a balanced and research-oriented graduate education that combines foundational knowledge, analytical training, and thesis-based specialization.
At the core of the program is a structured progression from conceptual and methodological grounding to advanced inquiry. In the early stage of the program, students are introduced to the intellectual and analytical foundations of the field through courses such as Islamic Economics, Islamic Property and Contract Law (Fiqh Muamalat), and Research Methods and Publication Ethics. This structure reflects the program’s commitment to combining substantive knowledge of the field with the research skills required for serious graduate study.
The curriculum also includes Islamic Finance and Principles of Islamic Jurisprudence (Usul al-Fiqh) as core components, enabling students to engage the institutional, contractual, legal, and contemporary dimensions of the field alongside its broader economic foundations. In this respect, the program is designed not only to familiarize students with key concepts and practices but also to help them examine Islamic economics and finance as an area of critical inquiry shaped by ethical concerns, regulatory frameworks, market institutions, and broader socio-economic questions.
A further strength of the curriculum is the space it creates for academic flexibility and intellectual breadth. Program-specific and general electives allow students to deepen their knowledge in selected areas and to benefit from the interdisciplinary environment of Ibn Haldun University. Language courses also form part of the current structure, supporting the University’s broader commitment to multilingual academic development.
Taken as a whole, the curriculum aims to prepare students for doctoral study, academic research, and professionally informed work in areas related to Islamic economics and finance. It reflects the program’s broader orientation toward rigorous scholarship, interdisciplinary engagement, and knowledge production that remains attentive to public benefit, institutional realities, and the ethical dimensions of economic life.
Track Note
A student is deemed to have completed either the Islamic Economics (E) or the Islamic Finance (F) track if at least three electives from the relevant track are successfully completed.
| Course Code | Course Name | T | U | Credit | ECTS |
| IEF 501 | Research Methods and Publication Ethics | 3 | 0 | 3 | 8 |
| IEF 503 | Islamic Property and Contract Law (Fiqh Muamalat) | 3 | 0 | 3 | 8 |
| IEF 505 | Islamic Economics | 3 | 0 | 3 | 8 |
| IEF ... | Elective Course (Program-specific) | 3 | 0 | 3 | 8 |
| IEF/... ... | Elective Course (Program-specific) | 3 | 0 | 3 | 8 |
| ... | Language Courses | ||||
| Total | 15 | 40 |
| Course Code | Course Name | T | U | Credit | ECTS |
| IEF 500 | Seminar | 3 | 0 | 0 | 8 |
| IEF 502 | Islamic Finance | 3 | 0 | 3 | 8 |
| IEF 504 | Principles of Islamic Jurisprudence (Usul al-Fiqh) | 3 | 0 | 3 | 8 |
| IEF ... | Elective Course (Program-specific) | 3 | 0 | 3 | 8 |
| IEF/... ... | Elective Course (Program-specific / General) | 3 | 0 | 3 | 8 |
| ... | Language Courses | ||||
| Total | 12 | 40 |
| Course Code | Course Name | T | U | Credit | ECTS |
| IEF 599 | Master’s Thesis | 0 | 0 | 0 | 30 |
| Total | 0 | 30 |
| Course Code | Course Name | T | U | Credit | ECTS |
| IEF 599 | Master’s Thesis | 0 | 0 | 0 | 30 |
| Total | 0 | 30 |
| Course Code | Course Name | T | U | Credit | ECTS |
| IEF 500 | Seminar | 3 | 0 | 0 | 8 |
| IEF 501 | Research Methods and Publication Ethics | 3 | 0 | 3 | 8 |
| IEF 502 | Islamic Finance | 3 | 0 | 3 | 8 |
| IEF 503 | Islamic Property and Contract Law (Fiqh Muamalat) | 3 | 0 | 3 | 8 |
| IEF 504 | Principles of Islamic Jurisprudence (Usul al-Fiqh) | 3 | 0 | 3 | 8 |
| IEF 505 | Islamic Economics | 3 | 0 | 3 | 8 |
| Course Code | Course Name | T | U | Credit | ECTS |
| IEF 506 | Islamic Economic Growth and Development | 3 | 0 | 3 | 8 |
| IEF 507 | Mathematical Economics | 3 | 0 | 3 | 8 |
| IEF 508 | Islamic FinTech | 3 | 0 | 3 | 8 |
| IEF 509 | History of Islamic Economics Thought | 3 | 0 | 3 | 8 |
| IEF 510 | Risk Sharing and Islamic Insurance (Takaful) | 3 | 0 | 3 | 8 |
| IEF 511 | Islamic Theory of Contract | 3 | 0 | 3 | 8 |
| IEF 512 | Islamic Capital Markets | 3 | 0 | 3 | 8 |
| IEF 513 | Islamic Corporate Finance | 3 | 0 | 3 | 8 |
| IEF 514 | Islamic Corporate Governance | 3 | 0 | 3 | 8 |
| IEF 515 | Participation Banking and Savings Finance | 3 | 0 | 3 | 8 |
| IEF 516 | Islamic Social Finance | 3 | 0 | 3 | 8 |
| IEF 517 | Accounting for Interest-Free Financial Institutions | 3 | 0 | 3 | 8 |
| IEF 519 | Introduction to Islamic Law | 3 | 0 | 3 | 8 |
| IEF 520 | Participation Banking Law | 3 | 0 | 3 | 8 |
| IEF 521 | Savings Finance Law | 3 | 0 | 3 | 8 |
| IEF 555 | Foundations of Economic Theory | 3 | 0 | 3 | 8 |
| Course Code | Course Name | T | U | Credit | ECTS |
| ECON 503 | Microeconomic Analysis | 3 | 0 | 3 | 8 |
| ECON 504 | Microeconomic Theory | 3 | 0 | 3 | 8 |
| ECON 505 | Macroeconomic Analysis | 3 | 0 | 3 | 8 |
| ECON 506 | Macroeconomic Theory | 3 | 0 | 3 | 8 |
| ECON 508 | Econometrics | 3 | 0 | 3 | 8 |
| ECON 510 | International Economics | 3 | 0 | 3 | 8 |
| ECON 512 | Game Theory | 3 | 0 | 3 | 8 |
| ECON 517 | Time Series Econometrics | 3 | 0 | 3 | 8 |
| ECON 518 | Panel Data and Cross Section Models | 3 | 0 | 3 | 8 |
| ECON 527 | Behavioral Economics and Finance | 3 | 0 | 3 | 8 |
| ECON 529 | Data Science for Economists | 3 | 0 | 3 | 8 |
| ECON 532 | Data Mining and Big Data | 3 | 0 | 3 | 8 |
| ECON 533 | Machine Learning and AI | 3 | 0 | 3 | 8 |
| ECON 535 | Agent Based Modeling in Economics | 3 | 0 | 3 | 8 |
| EFIN 506 | Financial Econometrics | 3 | 0 | 3 | 8 |
For further information about the Master’s Program in Islamic Economics and Finance, please contact ief@ihu.edu.tr.
Ibn Haldun University - Islamic Economics and Finance MA Program Web Content Page 6 Applicants are also advised to consult the official Ibn Haldun University graduate admissions pages for updated information regarding application procedures, required documents, and deadlines.