Principles of Islamic banking and finance/PIBF203/Syllabus

''' =PIBF 203: Non-Banking Islamic Financial Institutions= '''

Unit 3 focuses on non-banking sector; mainly Islamic insurance and capital markets. It explains the structure, management and operations of Islamic insurance which is called Takaful. Then it discusses Islamic bonds or Sukuks which has recently seen a tremendous growth around the world. In addition, it highlights the issues related to investment in stocks from an Islamic perspective. Finally, portfolio management and hedging under Islamic finance are discussed.

Learning Outcomes

After completing this unit, the students will be able to:

1. Explain the structure and management of Islamic insurance

2. Categorize different types of Islamic Bonds (Sukuk)

3. Distinguish between conventional and Islamic approaches to investment and portfolio management

Week / Session Plan

Week 1: Takaful: Islamic insurance

Week 2: Sukuk: Islamic Bonds

Week 3: Investment in Stocks

Week 4: Portfolio Management Under Islamic Finance

Week 5: Hedging and derivatives in Islamic Finance