Re-imagining Economics: Transdisciplinary Approach

This course guides knowledge seekers & researchers to approach the revelation (Quran & Sunnah) for perspective and answers to address economic phenomena. Learners will utilize the Maqasid Methodology, an original and comprehensive understanding drawn from revelation through contemporary study. This course also addresses the limitations in contemporary Islamic studies, which have had a significant impact on how Islam is understood and practiced. The focus will be on an application in the economic, finance and banking fields.

Live Online Course

March, 2024

June, 2024

3 Months

54 hours  (18 hrs Live sessions, 36 hrs recommended self-learning)

195 US $

A fee waiver applicable for selected applicants




Zaid Barzinji

Zaid Barzinji

MI Executive Director

Zaid obtained his Ph.D. in Economics, specializing in the International monetary system, from the University of Utah and his Bachelor in Islamic Economics from the International Islamic University Malaysia. He is a commentator on business and economic affairs at several major media outlets. His current research interests are focused on developing a maqasid approach to sustainable development, artificial intelligence, and global strategic studies. He is also a member of the International Union of Muslim Scholars and the International Islamic Fiqh Academy.

Ildus Rafikov

MI Deputy Executive Director

Ildus holds a Ph.D. from ISTAC/IIUM in Philosophy, Ethics, and Contemporary issues with a special interest in Islamic economics, banking, and finance, history, and education. He also holds a Chartered Islamic Finance Professional (CIFP) degree in Islamic banking and finance from the International Center for Education in Islamic Finance (INCEIF), Kuala Lumpur, and a bachelor’s degree in Communications from IIUM.

Course Description

The course consists of 6 units divided into 9 live sessions. There are 12 asynchronous online video lectures (50 minutes each) by Prof. Jasser Auda, with study materials available online via MI’s learning management system.

Who is this course for?

  1. Students and professionals in the economics, finance and banking sectors.
  2. Those looking to learn how to develop authentic Wahy (revelation) based Islamic perspectives on current economic challenges.
  3. Those interested in contributing to a new understanding and knowledge to address current challenges.
  4. Those interested in contemporary tajdid (renewal) and Islah (improvement) and how Islam can make a positive difference.

Course Outcomes


  1. Reflection essay: Learners are required to produce a reflection paper (500-750 words) after each unit recounting what they learned, and offer a critical analysis of the information shared in that unit.
  2. Final assignment: The final project is to write an assignment of about 3,000-5,000 words on any topic related to the contents of the course. The assignment can be written in the form of a scientific journal article suitable for publication (e.g. JCMS).


  1. A Certificate of attendance will be available to those who have completed 80% of the lectures and exercises.
  2. Learners who complete all course requirements (reflection exercise, forum participation, and submit a short paper (4-7 pages) will be awarded a Certificate in Applied Maqasid.