This module covers the essential of shariah tools required to converse in Islamic banking and finance concepts and appreciate the governance mechanism, audit structures and basic laws in Islamic contracts. Students are expected to gain fundamental skills and understanding how shariah is applied across the most relevant Islamic finance components that is banking, takaful and Islamic capital market.

This course will examine the Shariah principles that are entrenched in Islamic Banking and Islamic Banking operations. This course will also discuss the legal and regulatory aspects of Islamic Banking and recent developments in this industry. Students will learn how Islamic Banking institutions are managed to ensure its viability and profitability.

An Islamic financial institution (IFI), as a business entity is not exempted from both systematic and unsystematic risks. If all the risks are properly identified, measured and mitigated, an IFI’s overall mission, goals and objectives will not be severely jeopardized. Students are not only being exposed but are also required to learn about the fundamentals of risk and their management. In addition, the current risk environment, risk issues, frameworks, guidelines, standards and strategies will also be discussed.

The objective of this course is to equip students with the fundamentals of risk management in finance. Special emphasis will be accorded towards risk management in Islamic financial institutions. In addition, knowledge on risk issues both at macro and micro levels such as risk philosophy, policy, process, framework, guidelines, strategies and regulatory requirements will also be disseminated to students, complete with quantitative tools to measure various types of financial risk, operational risk and capital adequacy. Shariah risk and fiduciary risk that are peculiar to Islamic financial institutions will also be emphasized.

This module covers the essential of shariah tools required to converse in Islamic banking and finance concepts and appreciate the governance mechanism, audit structures and basic laws in Islamic contracts. Students are expected to gain fundamental skills and understanding how shariah is applied across the most relevant Islamic finance components that is banking, takaful and Islamic capital market.

The course critically examines the nature and operational aspects of the Islamic Capital Market including its infrastructure, components and the various types of Islamic Capital instruments. Topics will include the historical development of ICM and it’s in economic development.

Students will be able to analyse contemporary issues in Islamic Capital Market industry in the light of Shariah principles applied.

The course covers five major components of wealth management: (1) wealth generation which is the primary source of wealth management. Wealth can be in the form of employment income, business and trade. (2) Wealth protection is where all our wealth needs to be protected through takaful or Islamic insurance. (3) Wealth accumulation is a constant process that involves generating more wealth and, in the process we need skills, (4) Wealth purification such as zakat, sadaqah and waqf as in the process we might have tainted our wealth, (5) Wealth Management from Islamic perspective.

This module covers the essential of shariah tools required to converse in Islamic banking and finance concepts and appreciate the governance mechanism, audit structures and basic laws in Islamic contracts. Students are expected to gain fundamental skills and understanding how shariah is applied across the most relevant Islamic finance components that is banking, takaful and Islamic capital market.

The course examines risk from the Islamic perspective and ways of mitigating it in accordance with Shariah and explains why insurance is forbidden and hence the advent of takaful. It discusses the various takaful business models, products and the key operational process of takaful. The study of the regulatory environment in various jurisdictions is a must for all takaful students as the industry is highly regulated. The actuary plays a key role in the takaful organization and its position is a requirement in most jurisdictions. The study of the actuarial principles and concepts would include areas of product design, pricing, underwriting, investments and reserving.

The course covers five major components of wealth management: (1) wealth generation which is the primary source of wealth management. Wealth can be in the form of employment income, business and trade. (2) Wealth protection is where all our wealth needs to be protected through takaful or Islamic insurance. (3) Wealth accumulation is a constant process that involves generating more wealth and, in the process we need skills, (4) Wealth purification such as zakat, sadaqah and waqf as in the process we might have tainted our wealth, (5) Wealth Management from Islamic perspective.

This module covers the essential of shariah tools required to converse in Islamic banking and finance concepts and appreciate the governance mechanism, audit structures and basic laws in Islamic contracts. Students are expected to gain fundamental skills and understanding how shariah is applied across the most relevant Islamic finance components that is banking, takaful and Islamic capital market.

This module deliberates the detailed requirements and Shariah rules of financial transactions, together with the differing views of the schools of jurisprudence and contemporary scholars. This module also covers a thorough discussion and deliberation on the major Shari’ah issues debated in the Islamic finance industry. It covers the major aspects of Islamic finance including banking, capital markets, Takaful and wealth planning and management.

This course examines the key principles of audit and compliance applicable to Islamic Financial Institutions (IFIs). The students will be exposed to shariah governance and internal control frameworks, laws, regulations, guidelines & standards for IFIs.

This module covers the essential of shariah tools required to converse in Islamic banking and finance concepts and appreciate the governance mechanism, audit structures and basic laws in Islamic contracts. Students are expected to gain fundamental skills and understanding how shariah is applied across the most relevant Islamic finance components that is banking, takaful and Islamic capital market.

This course covers aspect of ethics and professionalism that are critical for developing leadership, governance and management skills. It includes understanding key aspects and application of concepts, principles codes and standards of ethics and professionalism for effective governance of organisation.

This course examines the key principles of audit and compliance applicable to Islamic Financial Institutions (IFIs). The students will be exposed to shariah governance and internal control frameworks, laws, regulations, guidelines & standards for IFIs.