Full course description

Description

This module provides the historical and current development of Islamic Finance industry and examining the structure and framework of the industry.  Theoretical concepts of Islamic Financial   Instruments will be   introduced   together with   the   exposure   on   the   practical challenges.  Students are expected to understand the differences between Islamic and Conventional Banking and Finance.

Instructors

Abduh was born in Jakarta, 1981. He completed his Bachelor of Science (Statistics) from Bogor Agricultural University, Indonesia, in September 2004 and his first master degree, Master of Arts (Islamic Studies) from Ibn Khaldun University, Bogor, Indonesia, in September 2006. He got a chance to take his second master degree, Master of Economics (Islamic Economics), International Islamic University Malaysia (IIUM), from July 2007 to June 2009.

Under the supervision of Prof. Dato' Dr. Mohd Azmi Omar, current IRTI-IDB Director based in Jeddah, Abduh completed his PhD in Business Administration from IIUM with specialization in Islamic Banking and Finance in December 2011.

Abduh has written two text books in Islamic finance area which was published by WILEY in 2013 and IIUM Press in 2016.

Prior to joining the SBE-UBD, Abduh was an Assistant Professor at the IIUM Institute of Islamic Banking and Finance (IIiBF) from April 2012 to 2015 and became the Head of Research for IIiBF from 2012 to 2015.

Format

Online forums will be used to support the scaffolding of knowledge, understanding and abilities. The teaching style will include video conferencing, discussion forums and activity based learning techniques. The focus of the teaching style will be determined through learning diagnostics, undertaken by students, which will identify learning styles needs. A cooperative learning framework is used as a means of supporting equity for both teaching and learning styles.

Video Overview


What you get

  • Overview of Islamic Banking and Finance Industry

  • Parameters prescribed by Islamic Law (Syariah) for Islamic finance Industry

  • Understanding and defining RIBA

  • Formulation of Gharar (uncertainty) and Maysir (chance and gambling)

  • Concepts and Applications of Islamic Financial Products:
    o Deposit Products
    o Financing Products – Equity-based and Debt-based o Fee-based Financial Products
    o Sukuk/Islamic Securities
    o Takaful/Islamic Insurances
    o Investment Products