Islamic Banking and Finance

Module overview

There is a growing demand for studying Islamic banking within a highly integrated global financial market. This module provides comprehensive insights over how Islamic finance operates and the structure of Islamic financial institutions in various national contexts.

Aims and Objectives

Learning Outcomes

Knowledge and Understanding

Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:

the key elements of Islamic Banking and Finance, and how they differ from traditional Finance
the liability side of Islamic banks such as deposits, resource mobilisation and financing

Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

demonstrate analytically the difference between traditional banking and Islamic banking
demonstrate knowledge of, and ability to analyse Islamic investments

Transferable and Generic Skills

Having successfully completed this module you will be able to:

demonstrate effective written communication
demonstrate competence generally in numerical analysis and problem solving

Learning and Teaching

Teaching and learning methods

Weekly lectures will provide an overview of the main issues arising in the module. Weekly classes will supplement the lectures which will support student learning by providing opportunities for students to attempt, and gain feedback on, numerical and problem-solving exercises. You will also have the opportunity for both directed and non-directed independent reading.

Study time
Type	Hours
Preparation for scheduled sessions	10
Wider reading or practice	20
Follow-up work	46
Tutorial	10
Lecture	24
Revision	40
Total study time	150

Resources & Reading list

Textbooks

Kabir Hassan; Salman Ahmed Shaikh; Selim Kayhan (2020). Introduction To Islamic Banking And Finance . Singapore: World Scientific Publishing Company.

Faizal Karbani (2015). Mastering Islamic finance: a practical guide to Sharia-compliant banking, investment and insurance . Harlow, England; New York: Pearson.

Mohammad Hudaib; Roszaini Haniffa (2018). Islamic Banking and Finance: an Introduction . Andover: Cengage Learning.

M. Kabir-Hassan, R. N. Kayed, U.A. Oseni (2014). Introduction to Islamic Banking & Finance. Harlow, United Kingdom: Pearson Education.

Assessment

Assessment strategy

20% Group Assignment 80% Exam

Formative

This is how we’ll give you feedback as you are learning. It is not a formal test or exam.

In-class activities

Assessment Type: Formative
Feedback: Feedback from in-class activities will be provided in the classes and further feedback can be sought from the module leader during their office hours.
Final Assessment: No
Group Work: No

Summative

This is how we’ll formally assess what you have learned in this module.

Breakdown
Method	Percentage contribution
Group Coursework	20%
Examination	80%

Referral

This is how we’ll assess you if you don’t meet the criteria to pass this module.

Breakdown
Method	Percentage contribution
Examination	100%

Repeat

An internal repeat is where you take all of your modules again, including any you passed. An external repeat is where you only re-take the modules you failed.

Breakdown
Method	Percentage contribution
Examination	80%
Essay	20%

Repeat Information

Repeat type: Internal & External