Run by Bangor Business School
15 Credits or 7.5 ECTS Credits
Overall aims and purpose
Aims: To provide participants with an understanding of the core principles of Islamic finance, and the working of Islamic financial markets and financial instruments; and to examine the role played by Islamic finance in the wider process of economic and financial development.
The induction of Riba, Gharar and Maysir; Traditional Islamic financial instruments; The role of the capital market; Risk management and Structured Islamic financial products.
thresholdMuch of the relevant information and skills mostly accurately deployed. Adequate grasp of theoretical/conceptual/practical elements. Fair integration of theory/practice/information in the pursuit of the assessed work's objectives. Some evidence of the use of creative and reflective skills.
goodVery good performance Most of the relevant information accurately deployed. Good grasp of theoretical/conceptual/practical elements. Good integration of theory/practice/information in pursuit of the assessed work's objectives. Evidence of the use of creative and reflective skills.
excellentAn outstanding performance, exceptionally able. The relevant information accurately deployed. Excellent grasp of theoretical/conceptual/practice elements. Good integration of theory/practice/information in pursuit of the assessed work's objectives. Strong evidence of the use of creative and reflective skills.
- Explain the distinction between Islamic commercial transactions and conventional ones.
- Understand the economic rationale behind the Islamic injunctions.
- Understand the traditional Islamic financial instruments and their efficiency.
- Apply the principles of Islamic finance in structuring a range of applications from project finance to consumer finance.
- Demonstrate understanding of the contribution of Islamic finance to the growth of the financial sector and broader economic development.
Teaching and Learning Strategy
|Three hours of lectures per week.|
Courses including this module
Compulsory in courses:
- N3BE: MA Islamic Banking and Finance year 1 (MA/IBF)
- N3BM: MBA Islamic Banking and Finance year 1 (MBA/IB)
- N3BF: MSc Islamic Banking and Finance year 1 (MSC/IBF)
Optional in courses:
- M1AL: LLM Law and Banking year 1 (LLM/LB)
- N3CH: MA Banking & Finance (Chartered Banker) year 1 (MA/BFCB)
- N3AB: MA Banking & Finance year 1 (MA/BIF)
- N3AV: MA Finance year 1 (MA/FIN)
- N4AJ: MSc Accounting year 1 (MSC/ACC)
- N3AJ: MSc Finance year 1 (MSC/FINANCE)
- N3CD: MSc International Banking year 1 (MSC/INTB)