| CODE | BKF3308 | ||||||||||||
| TITLE | Islamic Finance | ||||||||||||
| UM LEVEL | 03 - Years 2, 3, 4 in Modular Undergraduate Course | ||||||||||||
| MQF LEVEL | 6 | ||||||||||||
| ECTS CREDITS | 4 | ||||||||||||
| DEPARTMENT | Banking, Finance and Investments | ||||||||||||
| DESCRIPTION | The study-unit first will introduce students to the concepts of Shariah Law and the way contracts are designed. This includes the interaction with contracts of the land. On the second instance the unit will give an overview of the capital markets and insurance whilst on the third side it will go into detail on the banking modes and different banking instruments that Islamic Banks use and how these may work with conventional banks, if possible. An overview of the accounting in such banks will also be provided. Study-unit Aims: The study-unit aims to: - Introduce students to Shariah Law - Give an Overview of Islamic Finance Pillars - Give detailed knowledge of the way Islamic Banking works - Analyse Interaction with Maltese Law - Discuss Cooperation with Conventional banks - Give Overview Accounting and Reserves Learning Outcomes: 1. Knowledge & Understanding: By the end of the study-unit the student will be able to: - Analyse an Islamic Banking Transaction; - Assess whether it is Sharia Compliant; - Appreciate how Shariah Banking works; - Identify differences between Shariah and Conventional Banking trying to find a solution to use existing legislation for conventional and islamic finance cotransactions. 2. Skills: By the end of the study-unit the student will be able to: - Appreciate better Islamic Culture and hence be able to do business with them - Use some arabic terminology used in Islamic Banking - Analyse an Islamic Finance transaction and assess whether it is possible or not Main Text/s and any supplementary readings: - AAOIFI Standards. - UCITS: Islamic Finance Friendly ? - Malta Institute of Management. - Mediterranean Islamic Finance Conference Report - Malta Institute of Management. - MIM 2009 Islamic Finance Conference Report - Malta Institute of Management. - MFSA Note on Shariah Funds. |
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| STUDY-UNIT TYPE | Lecture and Tutorial | ||||||||||||
| METHOD OF ASSESSMENT |
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| LECTURER/S | Reuben Buttigieg |
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The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints. Units not attracting a sufficient number of registrations may be withdrawn without notice. It should be noted that all the information in the description above applies to study-units available during the academic year 2023/4. It may be subject to change in subsequent years. |
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