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Course Name (English)
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ISLAMIC FINANCE
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| Course Code |
FIN546 |
| Course Description |
The objective of this course is to introduce students to the most effective part of the Islamic economic system. The Islamic financial system would be learned so that students know what are the operating tools and instruments, and the principles of Islamic finance that form the basis of the roles of Islamic financial institutions, requirements of various transactions to be undertaken by Islamic financial institutions (contracts), and the main Islamic modes of financing business and investment. Students would also be exposed to some of the emerging topics in Islamic finance such as Shariah approved financial assets – sukuk (Islamic bond) and Shariah approved stocks (halal counters). |
| Transferable Skills |
reflective learner |
| Teaching Methodologies |
Lectures, Tutorial, Discussion, Presentation |
| CLO |
| CLO1 |
Classify various Shariah principles and types of contracts |
| CLO2 |
Apply Shariah principles in diverse Islamic banking operations and instruments/products |
| CLO3 |
Debate the opportunities, issues and challenges facing Islamic finance |
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| Pre-Requisite Courses |
No course recommendations |
| Reading List | | Recommended Text | - International Shari’ah Research Academy for Islamic Finance - ISRA 2016, Islamic Financial System: Principles and Operations., 2 Ed., International Shari’ah Research Academy for Islamic Finance - ISRA
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| Reference Book Resources | - International Shari’ah Research Academy for Islamic Finance - ISRA 2015, Islamic Capital Markets: Principles and Practices, International Shari’ah Research Academy for Islamic Finance - ISRA
- Iqbal, Z. & Mirakhor, A 2011, An Introduction to Islamic Finance: Theory and Practice (Vol. 687)., Wiley
- Ayub, M. 2009, Understanding Islamic Finance, Wiley
- Khir, K., Gupta, L., & Shanmugam B. 2008, Islamic Banking: A Practical Perspective:, Pearson Malaysia Sdn Bhd.
- Dr. Mohd Daud Bakar and Dr. Engku Rabiah Adawiyah Engku Ali 2008, Essential Readings in Islamic Finance, CERT Publications Sdn. Bhd.
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| Article/Paper List | This Course does not have any article/paper resources |
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| Other References | This Course does not have any other resources |
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