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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; Case studies around the world; Challenges facing the Islamic financial development.

Assessment Criteria


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.


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.


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.

Assessment Methods

Type Name Description Weight
Assignment 40
Exam 60

Teaching and Learning Strategy


Group discussions and focus on case studies from around the world.

Private study

Reading materials will be provided in advance of the block teaching. Guidance is provided for directed study between the period of block teaching and the assessment deadlines.


Lectures on the conceptual basis for each topic.


Transferable skills

  • Literacy - Proficiency in reading and writing through a variety of media
  • Numeracy - Proficiency in using numbers at appropriate levels of accuracy
  • Computer Literacy - Proficiency in using a varied range of computer software
  • Self-Management - Able to work unsupervised in an efficient, punctual and structured manner. To examine the outcomes of tasks and events, and judge levels of quality and importance
  • Exploring - Able to investigate, research and consider alternatives
  • Information retrieval - Able to access different and multiple sources of information
  • Inter-personal - Able to question, actively listen, examine given answers and interact sensitevely with others
  • Critical analysis & Problem Solving - Able to deconstruct and analyse problems or complex situations. To find solutions to problems through analyses and exploration of all possibilities using appropriate methods, rescources and creativity.
  • Argument - Able to put forward, debate and justify an opinion or a course of action, with an individual or in a wider group setting
  • Self-awareness & Reflectivity - Having an awareness of your own strengths, weaknesses, aims and objectives. Able to regularly review, evaluate and reflect upon the performance of yourself and others

Courses including this module