Islamic Finance and Capital Markets

  • Graduate School of Business |

Description

This course is designed to provide the students to Islamic financial instruments in relation to conventional capital markets. It will also discuss the sharia and economic principles for Islamic finance, the Sharia rules and economic aspects of the different Islamic modes of finance and recognizing differences and implications between them and conventional finance.

Program

MBA

Objectives

  • Upon the end of this course, students will be able to: • Identify an overview of the principles and practices of Islamic financial and capital markets. • Learn about advanced Islamic financial instruments and the challenges in the development of Islamic financial markets. • Explain the trading operations of various markets in Islamic financial system.

Textbook

• Uddin, Imam; Sabri, Rabia; Ishaq Bhatti, M., Omer Rafique, Muhammad; and AsadUllah, Muhammad; (2022); Islamic Capital Markets: The Structure, Formation and Management of Sukuk, Routledge. • Kabir Hassan,M; and Mahlknecht, Michael; (2012), “Islamic Capital Markets: Products and Strategies”, Wiley Finance.

Course Content

content serial Description
11. Introductory overview of Islamic finance, capital markets and the framework for an Islamic Capital Market 2. Historical Financial Innovation in Islamic Finance
23. Scope of Islamic Financial Engineering 4. Derivatives and the Islamic Financial Markets versus conventional financial markets
35. Securitisation in Islamic Finance, classes of Securitised Papers and the SPV 6. Categories of Sukuk (Muqaradah Sukuk, Mudarabah Sukuk, Musharakah Sukuk and Ijarah Sukuk)
47. Categories of Sukuk continued (Salam Sukuk, Istisna‘a Sukuk, Murabaha Sukuk and Mixed Sukuk)
58. Challenges to innovations in Islamic Markets

Markets and Career

  • Generation, transmission, distribution and utilization of electrical power for public and private sectors to secure both continuous and emergency demands.
  • Electrical power feeding for civil and military marine and aviation utilities.
  • Electrical works in construction engineering.

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