5. İslam Ekonomisi ve Yaz Okulu

Fifth International Summer School on Islamic Economics and Finance
(24-29 July 2018)

This year, the summer school will have two parts:

  1. Applications of Agent-Based Simulation in Islamic Finance (24-26 July 2018),
  2. Courses on Islamic Economics and Finance (27-29 July 2018).

APPLICATIONS OF AGENT-BASED SIMULATION (ABS) IN ISLAMIC FINANCE (24-25-26 July 2018)

In collaboration between IRTI (IDB) and IZU ICIFE, a three day long course on the applications of agent-based simulation will be held on the above mentioned dates at the main campus of IZU (Halkalı, İstanbul). Such a course is especially useful for examining the concrete outcomes of some applications regarding Islamic economics and finance.

Related information is shared at the end of the page.

Please click here for registration


The program is as follows:
Adsız

DAY 1

Morning session

Workshop introduction
The objectives and the program of the workshop

Introduction to complexity
The specific features of complex systems and examples of such systems in biology, economics and physics

Complexity and Agent-based Modeling (ABM)
Introduction to agent-based modeling. Linking ABM to complexity

Classical ABM Models
Schelling, Gini index models, Predator-prey, Tax models

Relevance for Islamic finance
Overview of "Islamic finance engineering "and application of Agent-based Models

Afternoon session

Introduction to Netlogo
Background and Interface

Netlogo Programming techniques (1/3)
Coding basic functions: Controlling agents, procedures, variables

Islamic finance - Case 1
Consumers' choices and preferences regarding Islamic finance products

Modelling of Case 1 on Netlogo (Teamwork)
Modeling and implementing the model on Netlogo

DAY 2

Morning session

Netlogo Programming techniques (2/3)
Coding functions: Links, math, graph, simulations, interfaces

Islamic finance - Case 2
Peer pressure and network contagion in financial markets

Modelling of Case 2 on Netlogo (Teamwork)
Modeling and implementing the model on Netlogo

Afternoon session

Netlogo Programming techniques (3/3)
Coding advanced functions: Fuzzy logic, Multi-level and system dynamics

Islamic finance - Case 3
Balanced scorecard of an Islamic bank

Modelling of Case 3 on Netlogo (Teamwork)
Modeling and implementing the model on Netlogo

DAY 3

Presentation of the final project
Presenting the final project objectives and guidelines

Groups working on the final project
Team work

Groups present their results
Each team presents the methodology and the results

Concluding remarks and closing of the workshop

 

COURSES ON ISLAMIC ECONOMICS AND FINANCE
(27-28-29 JULY 2018)

Summer School on Islamic Economics and Finance is organized by International Research Center on Islamic Economics and Finance (IRCIEF) at Istanbul Sabahattin Zaim University. The decision to establish IRCIEF was taken 2012, and it became the first research Center in the related field in Turkey. The basic aim of the Center is to conduct researches in Islamic Economics and Finance which can also be applied in practice.

This year, IRCIEF organizes the Fifth International Summer School on Islamic Economics and Finance. Throughout the summer school that is planned to continue 3 days in July 2018, there will be lectures and exchange of knowledge between teachers and participants. At the end of the school, certificates will be delivered upon required attendance.

This year’s summer school plans to provide an education given by domestic and international teachers and that includes courses organized systematically. Such an education will be both theoretical and practical. Moreover, knowledge sharing is aimed both among participants and teachers.

The program is as follows:

 

27 July 2018

28 July 2018

29 July

10.00-11.00

Opening Speech

Mehmet Bulut

History of Islamic Economic Thought

Cengiz Kallek

 

Current Islamic Finance Applications

Burhan Saiti

11.00-11.15

Break

Break

Break

11.15-12.15

The importance and role of fiqh in terms of Islamic economics and finance

İsmail Cebeci

 

History of Islamic Economic Thought

Cengiz Kallek

 

Current Islamic finance in Turkey

Yusuf Dinç

12.15-13.30

Lunch break

Lunch break

Lunch break

13.30-14.30

The importance and role of fiqh in terms of Islamic economics and finance

İsmail Cebeci

 

Transformation from the idea of Islamic economics to Islamic finance

Z. Hafsa Orhan

Alternative approaches in Islamic economics and finance

S. A. Suwailem

14.30-15.30

Economics during the Prophet’s time

Faruk Bal

 

Current Islamic Finance Applications

Burhan Saiti

Conversations with teachers

15.30-16.30

Conversations with teachers

Conversations with teachers

Closing speech and certificate ceremony

Arif Ersoy

Since both of the events will be in English, participants should have enough knowledge in English.

INFORMATION ABOUT FEES, REGISTRATION AND PAYMENT

Total attendance fee including both of the abovementioned events is $500. If one would like to attend only one of the events, the fee would be half of this amount, meaning $250 dollar.

Please click here for registration

For payment:

For contact:

Zeyneb Hafsa Orhan, hafsa.orhan@izu.edu.tr

Yaşar Destanoğlu, yasar.destanoglu@izu.edu.tr

Eren Yıldırım, eren.yildirim@izu.edu.tr

Furkan Doğan, furkan.dogan@izu.edu.tr

Ozan Maraşlı, ozan.marasli@izu.edu.tr