Graduate Education Institute · Islamic Economics and Finance · Doctorate
ECTS: 6 T+P+L: 3+0+0 Departmental Elective
Coordinator:
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.
Course Learning Outcomes
- 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
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
| Activity | Quantity | Duration (h) | Total Workload |
|---|---|---|---|
| Course Duration (Including Exam Week) | 16 | 3 | 48 |
| Out of Class Study Period | 16 | 6 | 96 |
| Midterm | 1 | 2 | 2 |
| Quiz | 0 | 0 | 0 |
| Assignment | 1 | 24 | 24 |
| Practice | 0 | 0 | 0 |
| Final | 1 | 3 | 3 |
Course Schedule
| Week | Subject | Preparation |
|---|---|---|
| 1 | Introduction and Overview of Islamic Capital Market | relevant chapter |
| 2 | The Interbank Money Market | relevant chapter |
| 3 | The Interest-free Interbank Money Market | relevant chapter |
| 4 | Bonds and Bonds market 1 | relevant chapter |
| 5 | Bonds and Bonds market 2 | -relevant chapter |
| 6 | Sukuk and Sukuk Market 1 | relevant chapter |
| 7 | Sukuk and Sukuk Market 2 | relevant chapter |
| 8 | MIDTERM | - |
| 9 | Common Stock and Equity Markets | relevant chapter |
| 10 | The Interest-free Equities Market 1 | relevant chapter |
| 11 | The Interest-free Equities Market 2 | relevant chapter |
| 12 | The interest-free common stock and equity markets 3 | relevant chapter |
| 13 | Other special topics in Islamic capital market 1 | relevant chapter |
| 14 | Other special topics in Islamic capital market 2 | relevant chapter |
| 15 | Other special topics in Islamic capital market 3 | relevant chapter |
| 16 | Final exam | - |