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Courses

MANG2076 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

Module Aims

to focus on the common factors and the differences between the conventional banking system and Islamic banking. It goes further to analyse the liability side of Islamic banks such as deposits, resource mobilisation, financing. Islamic banks are quite distinct in the way they operate, charge fees, and provide return to deposits and bank services. The module concludes with the links, cooperation between conventional and Islamic banks.

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

Having successfully completed this module you will be able to:

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

Syllabus

Systematic understanding of fundamental concepts of Islamic banking Critical awareness and overview of how to operate in interest-free financial markets Systematic examination of Islamic financial markets, scope and instruments Evaluate methodologies of key operations of Islamic banks and the scope for co-operation between conventional and Islamic financial institutions

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.

TypeHours
Revision40
Tutorial10
Follow-up work46
Wider reading or practice20
Preparation for scheduled sessions10
Lecture24
Total study time150

Resources & Reading list

M. Kabir-Hassan, R. N. Kayed, U.A. Oseni (2013). Introduction to Islamic Banking & Finance. 

Assessment

Assessment Strategy

20% Individual Assignment 80% Exam

Formative

In-class activities

Summative

MethodPercentage contribution
Essay  (2000 words) 20%
Examination  (2 hours) 80%

Repeat

MethodPercentage contribution
Essay  (2000 words) 20%
Examination  (2 hours) 80%

Referral

MethodPercentage contribution
Examination  (2 hours) 100%

Repeat Information

Repeat type: Internal & External

Costs

Costs associated with this module

Students are responsible for meeting the cost of essential textbooks, and of producing such essays, assignments, laboratory reports and dissertations as are required to fulfil the academic requirements for each programme of study.

In addition to this, students registered for this module typically also have to pay for:

Printing and Photocopying Costs

There will be additional costs for printing.

Textbooks

Recommended texts for this module may be available in limited supply in the University Library and students may wish to purchase the core/recommended text as appropriate.

Please also ensure you read the section on additional costs in the University’s Fees, Charges and Expenses Regulations in the University Calendar available at www.calendar.soton.ac.uk.

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