Difference between revisions of "Principles of Islamic banking and finance/PIBF201/Syllabus"
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This unit provides an overview of basic features and goals of an Islamic economy. It explains the rationale for establishing an Islamic banking and financial system; the avoidance of riba (interest), gharar (uncertainty or deceptive features of business transaction), and mysir (excessive speculation). Finally, this unit explains different modes of Islamic finance that have been developed to avoid interest. | This unit provides an overview of basic features and goals of an Islamic economy. It explains the rationale for establishing an Islamic banking and financial system; the avoidance of riba (interest), gharar (uncertainty or deceptive features of business transaction), and mysir (excessive speculation). Finally, this unit explains different modes of Islamic finance that have been developed to avoid interest. | ||
| − | + | '''Learning Outcomes''' | |
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After completing this unit, the students will be able to: | After completing this unit, the students will be able to: | ||
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2. Comprehend different modes of Islamic financial transactions and their applications | 2. Comprehend different modes of Islamic financial transactions and their applications | ||
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| + | '''Week / Session Plan''' | ||
Week 1: Key Elements of Islamic Jurisprudence | Week 1: Key Elements of Islamic Jurisprudence | ||
Latest revision as of 10:32, 10 July 2019
PIBF 201 Contextual Background of Islamic Banking and Finance
This unit provides an overview of basic features and goals of an Islamic economy. It explains the rationale for establishing an Islamic banking and financial system; the avoidance of riba (interest), gharar (uncertainty or deceptive features of business transaction), and mysir (excessive speculation). Finally, this unit explains different modes of Islamic finance that have been developed to avoid interest.
Learning Outcomes
After completing this unit, the students will be able to:
1. Explain the ethical background and rationale for Islamic banking and finance
2. Comprehend different modes of Islamic financial transactions and their applications
Week / Session Plan
Week 1: Key Elements of Islamic Jurisprudence
Week 2: Islamic Economic Environment
Week 3: Rationale for Islamic Finance: Riba, Gharar and Mysir
Week 4: Fixed Income Islamic Modes of Finance
Week 5: Variable Income Islamic Modes of Finance
