Department: MSc Finance
Module Description: The objective of this course is to develop an understanding of the mechanics of Islamic banking and the instruments/products available within the Islamic banking system. The course sets out with the concept of Islamic banking operations and the corresponding regulations. Students are then explained to the various of deposits products and financing available within the system. Examples of computations of various cost of funds and financing repayments are also presented. Finally, the students would be exposed to case studies, current issues, and journal articles. For example, issues of restructuring and rescheduling involving consumer financing and the various classifications as well as red flags of non-performing financing.
Ayub, M., (2007). Understanding Islamic finance. West Sussex, England: John Wiley & Sons. Request PDF
Hassan, M. K. and Lewis, M. K. (2009). Handbook of Islamic banking. Cheltenham: Edward Elgar.
