The course will offer students an overview of Islamic finance. Students will learn the history of Islamic finance, from basic religious principles to modern legal and economic topics. Examination of financial products and their practical application will be analysed thereafter, and will include the use of case studies.
Weekly - Available soon
Total - Available soon
Islamic Finance: Principles and Practice By Hans Visser: Edward Elgar, 2009, 184pp. State of the Global Islamic Economy Report 2018/19: Thompson Reuters (electronic) Islamic Finance Law, Economics, and Practice By Mahmoud A. El-Gamal, 2006. 241pp. Money in Islam [electronic resource] : a study in Islamic political economy / Masudul Alam
Choudhury. Author: Choudhury, Masudul Alam, 1997. 313 pp.
Islamic Finance in the UK: Regulation and Challenges by Michael Ainley Ali Mashayekhi Robert Hicks Arshadur Rahman Ali Ravalia. Published by FSA 2007, pp27. (electronic) RAKIA Sukuk Company Limited (UAE), 2007 Prospectus (Case study - electronic)
The class will meet twice a week, for one and a half hours per class. The lectures will be traditional, with slide presentations, followed by a discussion. Whenever possible, real life examples and case studies will be used. The purpose of the classes is to enable students to better understand global finance and Islamic finance specifically. Students should be confident of working in Islamic oriented financial markets, from the United Arab Emirates, to Malaysia and Indonesia.
The Final Exam will be 40%. In class assessment and final exam mid-term will be 60%.
The origins of Islamic finance; a religions and historical overview
Islamic law, principles including shariah and non-shariah concepts The Islamic economy in more detail: Zakat, Riba, Gharrar and Maisir
Traditional finance including real estate, trade, working capital, and overdrafts Modern finance including banking, insurance, and fund management Managing an Islamic oriented economy: public finance and monetary policy Challenges confronting Islamic finance; both regulatory and legal
The future: Pros and cons of Islamic finance, both locally and globally