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IEF 414 - Islamic Finance and Capital Markets

Faculty of Business and Management Sciences · Islamic Economics and Finance (English) · Undergraduate

ECTS: 5 T+P+L: 3+0+0 Departmental Elective
Coordinator: Prof. Dr. Burhan ULUYOL
Instructors: Prof. Dr. Burhan ULUYOL

Course Objective

As one of major components of Islamic finance, students have to understand the philosophy, Shariah principles, regulatory frameworks and valuations of various instruments of Islamic Capital market.

Course Content

  • Understand the regulatory framework governing Islamic money and capital markets.
  • Critically analyze Islamic money and capital markets instruments based on economic and Shari’ah principles.
  • Apply principles learnt to structure Islamic money and capital market instruments.
  • Calculate the value and yield of Islamic money and capital market instruments.
  • Demonstrate analytical and teamwork skills in analyzing and structuring Islamic money and capital market instruments.

Rules

Academic Integrity: Students are expected to adhere to the ethical code of Istanbul Sabahattin Zaim University, and you commit to these principles by enrolling in this class. Academic dishonesty in any form is unacceptable, and penalties range from failing the exam to being dismissed from the university. We consider any violation of academic integrity to be a very serious matter. Classroom Behavior: Everyone is strongly encouraged to ask questions and make comments during the class. Please turn off cell phones and other devices unless required by the lecturer. Please arrive ontime and expect to leave at the end of class.

Course Learning Outcomes

  1. Analyze the main differences between Islamic economics and conventional economics. Explain the functioning and instruments of the interest-free financial system.

Core Area Distribution

(34) Business and Administration%60 (46) Mathematics and Statistics%40

Teaching Methods

Question-AnswerDiscussionExercise and PracticePresentationGroup StudySelf studyProblem Solving

Assessment & Evaluation

HomeworkProject / DesignTesting (Essay / Tests: True-Falls, multiple-choice, short answer, matching)

ECTS / Workload

ActivityQuantityDuration (h)Total Workload
Course Duration (Including Exam Week)16348
Out of Class Study Period16464
Midterm122
Quiz000
Assignment155
Practice000
Final133

Course Schedule

WeekSubjectPreparation
1Introduction and Overview of Islamic Capital Marketrelevant chapter
2The Interbank Money Marketrelevant chapter
3The Interest-free Interbank Money Marketrelevant chapter
4Bonds and Bonds market 1relevant chapter
5Bonds and Bonds market 2-relevant chapter
6Sukuk and Sukuk Market 1relevant chapter
7Sukuk and Sukuk Market 2relevant chapter
8MIDTERM-
9Common Stock and Equity Marketsrelevant chapter
10The Interest-free Equities Market 1relevant chapter
11The Interest-free Equities Market 2relevant chapter
12The interest-free common stock and equity markets 3relevant chapter
13Other special topics in Islamic capital market 1relevant chapter
14Other special topics in Islamic capital market 2relevant chapter
15Other special topics in Islamic capital market 3relevant chapter
16Final exam-