Module ABJ-4428:
Islamic Insurance
Islamic Insurance 2023-24
ABJ-4428
2023-24
Bangor Business School
Module - Semester 2
15 credits
Module Organiser:
Owain ap Gwilym
Overview
Main features of Islamic contracts relating to insurance (Takaful); Comparison of Islamic and conventional insurance business; Islamic insurance operations in different countries; Managerial and corporate governance aspects relating to Islamic insurance firms and role of Sharia board; Management and underwriting policies of Islamic insurance firms; Limits and opportunities for Islamic insurance; Ethical framework under which Islamic insurance is conducted.
Assessment Strategy
-threshold 50% No major omissions or inaccuracies in the deployment of information/skills; Some grasp of theoretical/conceptual/practical elements; Integration of theory/practice/information present intermittently in pursuit of the assessed work's objectives.
-good 60% 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. High Standard: 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 70% 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
- Analyse, summarise and synthesise independently researched academic and professional studies on Islamic insurance.
- Compare and contrast the features of conventional and Islamic insurance business.
- Demonstrate an understanding of the objectives and concepts of Islamic insurance.
- Understand how Islamic insurance markets differ in various countries.
- Understand key concepts relating to the regulation and accounting treatment of Islamic insurance.
- Understand the nature of different Islamic insurance contracts.
Assessment method
Coursework
Assessment type
Summative
Description
An assignment on topical issues in Islamic Insurance, based on case studies and academic research literature.
Weighting
25%
Due date
25/05/2023
Assessment method
Exam (Centrally Scheduled)
Assessment type
Summative
Description
2 hour closed-book Examination, centrally timetabled.
Weighting
75%