Advanced Topics in Islamic Finance, With an Emphasis on Islamic Banking

One of the main challenges in teaching economics in Iran is the lack of accordance with Islamic principles. Although attempts have been made to Islamization these texts, the spirit of the books and papers on the economy still has a Western flavor. On the other hand, sources and books on Islamic economics especially Islamic banking have higher management-accounting approach and less considered Islamic banks as the firms with economics behaviors. The purpose of this paper is to propose and evaluate advanced topics (chosen topics) in Islamic Banking with economic approach. In this paper the topics such as the nature of monetary in Islamic economy, firm theory and Islamic banking, portfolio theory in Islamic banking, central banking in Islamic economy, and survey of techniques for measuring the efficiency of Islamic banks has been discussed in detail.