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Module Specifications

Archived Version 2018 - 2019

Module Title
Module Code
School

Online Module Resources

NFQ level 8 Credit Rating 10
Pre-requisite None
Co-requisite None
Compatibles None
Incompatibles None
Description



Learning Outcomes

1. Explain the development of Islamic economic and finance theory
2. Distinguish the differences between conventional and Islamic financial system with regards to money market, debt, equity and derivative markets
3. Explain the Shari'ah principles governing Islamic finance
4. Explain the functions of financial markets and institutions
5. Identify the products offered in the Islamic financial institutions
6. Describe the features, types and mechanism of Sukuks
7. Identify challenges facing Islamic structured products/derivatives



Workload Full-time hours per semester
Type Hours Description
Lecture84Lecture
Independent Study84Preparation for lectures
Class Presentation6No Description
Lecture48Sample questions
Independent Study28Revision
Total Workload: 250

All module information is indicative and subject to change. For further information,students are advised to refer to the University's Marks and Standards and Programme Specific Regulations at: http://www.dcu.ie/registry/examinations/index.shtml

Indicative Content and Learning Activities

Introduction to Islamic Finance

Understanding of Shari’ah (Islamic Law)

Sources of Shari’ah (Islamic Law)

Main Prohibitions and Business Ethics in Islamic Finance

Introduction to money and Islamic banking system

Shari’ah Principles for Islamic Finance

Islamic Banking Operations and Instruments

Islamic money market

Islamic equity market

Sukuk/Islamic bonds

Islamic derivatives and structured products

Assessment Breakdown
Continuous Assessment% Examination Weight%
Course Work Breakdown
TypeDescription% of totalAssessment Date
Reassessment Requirement
Resit arrangements are explained by the following categories;
1 = A resit is available for all components of the module
2 = No resit is available for 100% continuous assessment module
3 = No resit is available for the continuous assessment component
Unavailable
Indicative Reading List

  • International Shari'ah Research Academy for Islamic Finance: 2016, Islamic Financial System - Principles and Operations, 2nd, International Shari'ah Research Academy for Islamic Finance, Kuala Lumpur, 978-967-12220
  • Muhammad Ayub: 2007, Understanding Islamic Finance, Wiley Finance, 978-0-470-030
Other Resources

None
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