Module ASB-4424:
Islamic Banking

Module Facts

Run by Bangor Business School

15 Credits or 7.5 ECTS Credits

Semester 2

Organiser: Prof Owain ap Gwilym

Overall aims and purpose

To provide participants with an objective and professional assessment of Islamic banking theory and practice and to identify the salient features of Islamic banking as a model for financial intermediation.

Course content

Theoretical foundations of Islamic Banking; Development of the Islamic banking model; Islamic banking products and services; Islamic insurance (Takaful); Challenges facing the Islamic financial development.

Assessment Criteria

threshold

Much 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.

good

Very 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.

excellent

An 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.

Learning outcomes

  1. Explain the implications of the application of Islamic principles in banking and financial intermediation.

  2. Understand the implications of the traditional Islamic financial instruments for the practical commercial operations of banks and financial institutions.

  3. Draw comparisons between the conventional and Islamic banking business models.

  4. Identify the challenges currently facing the Islamic banking sector, and the prospects and opportunities for future growth and development.

  5. Identify the challenges currently facing the Islamic banking sector, and the prospects and opportunities for future growth and development.

Assessment Methods

Type Name Description Weight
Assignment 40
Exam 60

Teaching and Learning Strategy

Hours
 

Three hours of lectures per week.

 

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