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Programme Structure

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Programme Structure (MSc)

  • Core Course
  • Elective Course
  • Specialisation 1
  • Specialisation 2


  • Component of Courses Credit Hours
    19 Core Courses27
    23 Specialisation courses or 3 General Electives (to choose 3 courses or 9 credit hours)9
    3Project Paper (10,000 – 15,000 words count)6
    Total Credit Hours to Complete42
(To choose 3 courses or 9 credit hours)

PROGRAM DETAILS

Programme Code: FQ5103
Medium of instructions: English
Programme Tutor: Prof. Dr. Zulkarnain Muhamad Sori

The course covers financial reporting from conventional and Islamic accounting perspectives. Students will be introduced to the various types of Islamic contracts, and recording and reporting the relevant transactions.

Learning Outcomes

By the end of this course students should be able to :

  • Understand Islamic accounting theoretical concepts
  • Apply fiqh rules to record Islamic financial transactions
  • Apply AAOIFI and Malaysian Islamic accounting standards
  • Understanding the effect of proposed and existing products on the income statement and balance sheet
  • Conduct financial and nonfinancial performance analysis of Islamic financial institutions

PROGRAM DETAILS

Programme Code: FN5623
Medium of instructions: English
Programme Tutor: Prof. Dr. Shamsher Mohamad Ramadilli Mohd

The objective of this course is to expose students to the fundamental principles of Investment Analysis and Portfolio Management. Case studies, class assignments & Industry lectures allow students to apply these principles in portfolio based investment decisions.

The course covers Elements of Investment Theory & Techniques, Portfolio Theory, Equilibrium in Capital Markets, Risk/Return trade-offs and optimal portfolios, Security Portfolio Analysis and Behavioural Finance in Portfolio Investments.

PROGRAM DETAILS

Programme Code: FN5123
Medium of instructions: English
Programme Tutor: Prof. Dr. Syed Abdul Hamid Syed Ahmad Aljunid

The objective of this course is to provide systematic exposure of economic logic and thinking for students of the program who do not have prior grounding in economics before joining this program. This course will provide them with basic understanding of economic principles that will be useful for further analysis on Islamic economics and finance

The Project Paper is equivalent to six credit hours and is optional, being replaceable with 2 elective courses.With the exception of Research Methodology which have 4 credit hours, all courses are 3 credit hours.


Course Study Requirements:

Semester
January
June
September
14 weeks7 weeks14 weeks
Full-timeMin 3, Max 4Min 1, Max 2Min 3, Max 4
Part-timeMin 2, Max 4Min 1, Max 2Min 2, Max 4

*(Minimum, Maximum courses)

Duration of Study:

Full-time2 years
Part-time4 years

    PROGRAM DETAILS

    Programme Code: QM 5334
    Medium of instructions: English
    Programme Tutor: Dr. Ginanjar Dewandaru

    This course is designed as a preparatory course for candidates to undertake their Ph.D. dissertation. It focuses on the philosophy and theory of research methods by familiarizing candidates with approaches and techniques, which they may use in carrying out their dissertation. At the end of the course, the candidates will have a good understanding of business research as well as equipped with practical tools and skills to conduct business research.

    Learning Outcomes

    By the end of this course students should be able to :

    • Familiarize students with basic steps in research
    • Equip students with basic quantitative analyses based on classical regression models.
    • Provide students with a research experience, working with actual data.
    • Develop the ability to apply a statistical software and interpret statistical results from own research and other published researches.
    • Present the literature review and discuss statistical results in a coherent manner.
    • Explain basic foundations in quantitative research.
    • Apply basic econometric techniques to address quantitative research objective.
    • Use a statistical software to estimate regression models, and
    • Write scholarly articles or conduct empirical research either independently or in group.

    PROGRAM DETAILS

    Programme Code: QM5243
    Medium of instructions: English
    Programme Tutor: Prof. Dr. Abul Mansur Mohammed Masih

    This course provides the state-of-the-art of some general financial econometric methods that are frequently used in empirical analysis of economics and financial models.

    The primary focus of this course is to provide ‘hands-on’ experience working with data. That is to give student, not only the necessary theoretical background, but also to expose them with data for them to explore, interpret and make inferences. The topics covered include the univariate ARIMA modelling; multivariate dynamic time-series techniques: cointegration, autoregressive distributed lag (ARDL) modelling, long-run structural modelling, error-correction, variance decompositions, impulse response functions, persistence profiles, and univariate volatility modelling. This module allows the student to develop a critical understanding of the financial variables and use appropriate tools to analyze these variables and or data.

    Learning Outcomes

    By the end of this course students should be able to :

    • Have an intuitive understanding of the time series financial econometric techniques
    • Have an ability to apply the techniques to testing theories/hypotheses/topical issues involved in Islamic and/or conventional finance
    • Have an ability to interpret the statistical results intuitively by relating them to Islamic and/or conventional finance theories to make the results plausible to the practitioners and policy makers
    • The major project paper has the potential to be published in a refereed journal
    • Have the ability to communicate the technical concepts and statistical results effectively

    PROGRAM DETAILS

    Programme Code: FN5033
    Medium of instructions: English
    Programme Tutor: Prof. Dr. Obiyathulla O.A Ismath Batcha

    This course provides in-depth knowledge of both theory and practice of corporate finance. Besides the theories, the case assignments, class assignment on current issues and industry lectures provide students the exposure to role of corporate finance in real financial markets. Students are also required to complete a class project on a real-world problem and present in the class.

    Students are also required to read at least one research paper per topic to provide them on the academic aspect of the subject. Overall, students are imbibed with not only the necessary theoretical background, but also expose them think critically in identifying problems and providing solutions to real corporate finance problems.

    Learning Outcomes

    By the end of this course students should be able to :

    • Understand the theories of corporate finance
    • Appreciate the corporate finance practices in real markets
    • Able to conceptualize the theory-practice gap problems and identify the potential solutions
    • Able to identify potential research area and conduct a short-research on real corporate finance problem
    • Able to articulate and present findings in an effective manner

    PROGRAM DETAILS

    Programme Code: FQ5103
    Medium of instructions: English
    Programme Tutor: Assoc. Prof. Dr. Muhammad Yusuf Saleem

    The module covers the topics in Islamic Jurisprudence, such as: Basic terms in Jurisprudence, Islamic Rulings (Hukum Shari), Clasification of Islamic Law, Sources of Islamic Law, Primary Sources, Secondary Sources, Abrogarion (Naskh), Interpretation (ijtihad).

    The module also covers main topics in explores Islamic Legal Mazims and major and popular Qawaid Fiqhiyyah in Islamic Law such as; The five Basc Qawaid as:- Acts are judged by their goals and purposes and other independent qawaid such as the norm in regard to things is that of permissibility

    Capital Markets (to choose 3 from 4 electives)

    PROGRAM DETAILS

    Programme Code: QM5243
    Medium of instructions: English
    Programme Tutor: Prof. Dr. Abul Mansur Mohammed Masih

    This course provides the state-of-the-art of some general financial econometric methods that are frequently used in empirical analysis of economics and financial models. The primary focus of this course is to provide ‘hands-on’ experience working with data. That is to give students, not only the necessary theoretical background, but also to expose them with data for them to explore, interpret and make inferences. The topics covered include the univariate ARIMA modeling; multivariate dynamic time-series techniques: cointegration, autoregressive distributed lag (ARDL) modeling, long-run structural modeling, error-correction, variance decompositions, impulse response functions, persistence profiles, and univariate volatility modelling.

    This module allows the students to develop a critical understanding of the financial variables and use appropriate tools to analyze these variables and/or data

    PROGRAM DETAILS

    Programme Code:
    Medium of instructions: English
    Programme Tutor:

    Action Based Learning provides an innovative approach to learning by setting practical tasks and activities for students to complete in a real workplace. The course will provide students with the opportunity to translate their academic-based knowledge into action by solving real business issues or developing new solutions. This will ultimately encourage students’ exploration and ongoing independent learning and personal development as well as improve their problem solving and critical thinking skills.

    At the end of the course, students are expected to present their findings and recommendations for consideration by the organization’s management. At the end of the course, students are expected to be able to analyse issues at hand and synthesize solutions to the issues by applying the theory into practice, effectively communicate business ideas and strategies to the management level in an organization and demonstrate the ability to work with team members in solving real issues.

    PROGRAM DETAILS

    Programme Code: FN5053
    Medium of instructions: English
    Programme Tutor: Prof. Dr. Mohamed Ariff Abdul Kareem

    The primary purpose of this course is to teach students how to think internationally. The main focus is on foreign exchange markets for spot and forward currency transactions, determinants of exchange rates, currency risk management, currency derivative instruments, multinational corporate finance, and international capital movements. In addition, this course will also address macroeconomic policies relating to exchange rate management, and Shari’ah concerns with respect to currency risk hedging and currency derivatives

    Learning Outcomes

    By the end of this course students should be able to :

    • Have the knowledge on International Finance practices in the industry.
    • Have the ability to identify the issues and apply the right approaches to find solution.
    • Have the skills to collate and analyse information in a systematic way to address the issues and improve the industries International Finance practices.

    PROGRAM DETAILS

    Programme Code: FN5053
    Medium of instructions: English
    Programme Tutor: Prof. Dr. Mohamed Ariff Abdul Kareem

    The primary purpose of this course is to teach students how to think internationally. The main focus is on foreign exchange markets for spot and forward currency transactions, determinants of exchange rates, currency risk management, currency derivative instruments, multinational corporate finance, and international capital movements. In addition, this course will also address macroeconomic policies relating to exchange rate management, and Shari’ah concerns with respect to currency risk hedging and currency derivatives

    Learning Outcomes

    By the end of this course students should be able to :

    • Have the knowledge on International Finance practices in the industry.
    • Have the ability to identify the issues and apply the right approaches to find solution.
    • Have the skills to collate and analyse information in a systematic way to address the issues and improve the industries International Finance practices.

    PROGRAM DETAILS

    Programme Code: BK5503
    Medium of instructions: English
    Programme Tutor: Dr. Adam Ng Boon Ka

    The course provides an objective appraisal of Islamic banking practices and the extent to which these are consistent with Islamic finance theory. The deposit facilities which the banks offer are examined; in particular unrestricted and restricted investment deposits. Islamic banking assets are analysed, with the reasons discussed for the dominance of trade finance. The rationale is explained for new variants on classical contracts such as parallel salam, istisna, operational leases and hire purchase. Part of the challenge in Islamic banking is to ensure that the most appropriate product is provided for the client and that miss selling is avoided.

    The merits of using diminishing musharakah for Islamic mortgages are explained in this context. Although most Islamic banking can be categorised as retail, the remit of Islamic investment banking is also examined through case studies. Coverage also includes legal, regulatory and governance issues in Islamic banking as well as risk management and mitigation. The marketing practices of Islamic banks are examined, with the question addressed of whether Islamic windows represent fair competition. Islamic banking remains concentrated in a limited number of markets. The challenges faced when established Islamic banks and new start-ups enter overseas markets are considered.

    Learning Outcomes

    By the end of this course students should be able to :

    • Understand the operations of Islamic banks.
    • Understand the products offered by Islamic banks.
    • Evaluate the performance of Islamic banks.
    • Appreciate the challenges faced by Islamic banks.

    PROGRAM DETAILS

    Programme Code: TK5413
    Medium of instructions: English
    Programme Tutor: Prof. Dr. Saiful Azhar Rosly

    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.

    Learning Outcomes

    By the end of this course students should be able to :

    • To understand the concept of risk in Islamic law.
    • To understand the types of risk faced by Islamic banking and non banking companies.
    • To understand the meaning of risk management in Islamic banking.
    • To understand risk management strategies in Islamic banking.
    • To understand risk modelling for Islamic banking.
    • To evaluate risk-models from Islamic perspectives.

    PROGRAM DETAILS

    Programme Code: TK5413
    Medium of instructions: English
    Programme Tutor: Prof. Dr. Saiful Azhar Rosly

    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.

    Learning Outcomes

    By the end of this course students should be able to :

    • To understand the concept of risk in Islamic law.
    • To understand the types of risk faced by Islamic banking and non banking companies.
    • To understand the meaning of risk management in Islamic banking.
    • To understand risk management strategies in Islamic banking.
    • To understand risk modelling for Islamic banking.
    • To evaluate risk-models from Islamic perspectives.
    Banking (to choose 3 from 4 electives)

    PROGRAM DETAILS

    Programme Code: FQ5103
    Medium of instructions: English
    Programme Tutor: Prof. Dr. Zulkarnain Muhamad Sori

    The course covers financial reporting from conventional and Islamic accounting perspectives. Students will be introduced to the various types of Islamic contracts, and recording and reporting the relevant transactions.

    Learning Outcomes

    By the end of this course students should be able to :

    • Understand Islamic accounting theoretical concepts
    • Apply fiqh rules to record Islamic financial transactions
    • Apply AAOIFI and Malaysian Islamic accounting standards
    • Understanding the effect of proposed and existing products on the income statement and balance sheet
    • Conduct financial and nonfinancial performance analysis of Islamic financial institutions

    PROGRAM DETAILS

    Programme Code: TK5413
    Medium of instructions: English
    Programme Tutor: Prof. Dr. Saiful Azhar Rosly

    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.

    Learning Outcomes

    By the end of this course students should be able to :

    • To understand the concept of risk in Islamic law.
    • To understand the types of risk faced by Islamic banking and non banking companies.
    • To understand the meaning of risk management in Islamic banking.
    • To understand risk management strategies in Islamic banking.
    • To understand risk modelling for Islamic banking.
    • To evaluate risk-models from Islamic perspectives.

    PROGRAM DETAILS

    Programme Code: FN5053
    Medium of instructions: English
    Programme Tutor: Prof. Dr. Mohamed Ariff Abdul Kareem

    The primary purpose of this course is to teach students how to think internationally. The main focus is on foreign exchange markets for spot and forward currency transactions, determinants of exchange rates, currency risk management, currency derivative instruments, multinational corporate finance, and international capital movements. In addition, this course will also address macroeconomic policies relating to exchange rate management, and Shari’ah concerns with respect to currency risk hedging and currency derivatives

    Learning Outcomes

    By the end of this course students should be able to :

    • Have the knowledge on International Finance practices in the industry.
    • Have the ability to identify the issues and apply the right approaches to find solution.
    • Have the skills to collate and analyse information in a systematic way to address the issues and improve the industries International Finance practices.

    PROGRAM DETAILS

    Programme Code: FN5083
    Medium of instructions: English
    Programme Tutor: Prof. Dr. Mansor Ibrahim

    The course introduces to modern theories of monetary economics with the attempt to look at them from the Islamic perspectives. In the course, the macroeconomic implications of money markets and monetary policies will be discussed in details. The course introduces students first with the macroeconomic model of monetary economics using the IS-LM-AS framework.

    Then, a detailed discussion of money, money demand, money supply process and monetary policy making will be dealt with. Various contemporaneous issues in monetary economics will also be touched. These include the issues of monetary credibility, monetary policy and exchange rate regimes and others.

    Learning Outcomes

    By the end of this course students should be able to :

    • Appraise the monetary theories to contemporary monetary issues.
    • Criticise the issues involved in developing a modern, effective framework for conducting monetary policy.
    • Explain monetary theories in details.
    • Evaluate and frame existing monetary theories in the context of Islamic Banking and Finance.

    PROGRAM DETAILS

    Programme Code: FQ5323
    Medium of instructions: English
    Programme Tutor: Prof. Dr. Zainal Azam Abdul Rahman

    Islamic contracts are the backbones of Shariah compliant transactions and as such need to be given utmost importance by everyone who seeks to achieve conformity with Islamic standards in commercial dealings. Without there be proper understanding about then nature of Islamic contracts and the associated governing principles and rules related to the same, it is inconceivable that shariah compliance aspects of a particular transaction can ever be achieved.

    Islamic contracts seek to address the issue of achieving fair and equitable dealing as between contracting parties that may be involved in a particular transaction by introducing rules and methods that are practical to reach the ultimate objective of justice and equity for all.

    Learning Outcomes

    By the end of this course students should be able to :

    • Have effective understanding of rules governing Islamic contracts that will assist them in their daily functions as Islamic finance practitioners.
    • Differentiate between the Islamic Contracts and Modern Legislation.
    • Apply the Islamic theory of contract in their daily business contracts.
    • Perform the transfer of ownership or beneficial right according to the Islamic theory of contract.

    PROGRAM DETAILS

    Programme Code: FN5613
    Medium of instructions: English
    Programme Tutor: Assoc. Prof. Dr. Shaikh Hamzah Abdul Razak

    Islamic wealth management has been seen as a subset of Islamic finance. The main basis of Islamic wealth management is that wealth belongs to Allah the Almighty and we are just his trustee in this world with the aim of achieving al-falah which to be successful in this world and hereafter. The scope of Islamic wealth management is divided into two spheres. Islamic financial planning which includes cash flows and liability management; risk management and takaful; zakat and tax planning; retirement planning and Islamic inheritance or estate planning and waqf planning and also investment planning

    It revolves around an individual the moment he starts generating income to the day he dies. It is the process of wealth accumulation, preservation, purification and distribution. The overall process of wealth management begins with basic Islamic concept of wealth and continues to the structure of Islamic financial products, portfolio management, asset allocation and overall financial planning as well as ethics.

    Learning Outcomes

    By the end of this course students should be able to :

    • Comprehend the theory and practices of wealth management.
    • Elaborate the wealth dimension in Islam.
    • Relate the role of capital market and real estate investment in wealth management.
    • Understand the difference between insurance and Takaful plans and their relevance in financial planning.
    • Appreciate the importance of planning for retirement and the various retirement schemes available.
    • Appreciate the importance of Estate distributions and tax planning and management.

    PROGRAM DETAILS

    Programme Code: QM5304
    Medium of instructions: English
    Programme Tutor:

    The course aims to provide an appreciation of some mathematical and applied statistical tools that are commonly utilized to analyze financial data. It is also aimed at providing the necessary background to take higher level courses in this program.

    Learning Outcomes

    By the end of this course students should be able to :

    • The course aims to provide an appreciation of some mathematical tools that are commonly utilized in Islamic finance.
    • It is also aimed at providing the necessary background to take higher level courses in this program.
    • Acquire adequate skills in computational mathematics and statistics with a view to enhance the command of the theory and practice of Islamic finance.
    • Apply basic mathematics tools such as optimization, matrix algebra in the context of real problems in economics and finance.
    • Understand the fundamental of asset pricing

    PROGRAM DETAILS

    Programme Code: FN5603
    Medium of instructions: English
    Programme Tutor: Prof. Dr. Obiyathulla O.A Ismath Batcha

    The course covers all key aspects of Capital Markets. Designed to cover both the conventional and Islamic Capital Markets, it takes a comparative approach. Discussion of a conventional market/instrument is followed by discussion of the shariah compliant equivalent. All key components of the capital markets are covered. In addition to two required textbooks, the course uses several journal articles, students are evaluated on a combination of coursework and exam.

    Learning Outcomes

    By the end of this course students should be able to :

    • To provide students with an in depth understanding of Islamic Capital Markets.
    • Expose students to the products and components and their function within ICM.
    • Identify appropriate ICM products for needed application.
    • Analyze and Price ICM products.
    • Structure basic ICM transactions for use in hedging and arbitrage.
    • Compare, contrast and identify value differences between ICM and conventional capital market products.

    PROGRAM DETAILS

    Programme Code: FN5623
    Medium of instructions: English
    Programme Tutor: Prof. Dr. Shamsher Mohamad Ramadilli Mohd

    The course Portfolio Management introduces students to the fundamental principles of Investment Analysis and Portfolio Management both within the conventional and Islamic context. Specifically, the course focuses on the elements of investment portfolio theory, equilibrium in capital markets, risk/return tradeoffs and optimal portfolios, security portfolio analysis, derivative markets and issues related to Shariah compliant investments.

    At the end of the course, students are expected to understand the structure and function of equity, bond and derivative markets both Islamic and conventional, the processes of halal designation of stocks, construction of Islamic stock indices and Shariah issues related to investment management. Moreover, students will be able to perform analysis and valuation of equity securities, appreciate the limitations of stock selection, asset allocation and market timing decisions. Additionally, students will develop investment strategies built on fundamentals of risk and return by incorporating advanced quantitative strategies, understand the efficacy and limitations of pricing techniques such as, the CPAM, Multi-factor models, the APT and Behavioral Finance.

    Learning Outcomes

    By the end of this course students should be able to :

    • Perform analysis and valuation of equity securities.
    • Understand the structure and function of equity, bond and derivative markets.
    • Appreciate the limitations of stock selection, asset allocation and market timing decisions.
    • Develop investment strategies built on fundamentals of risk and return and incorporating advanced quantitative strategies
    • Understand the efficacy and limitations of pricing techniques such as, the Capital Asset Pricing Model, Multi Factor models and the Arbitrage Pricing Theory
    • Appreciate the Shariah requirements for financial instruments.

    PROGRAM DETAILS

    Programme Code: TK5403
    Medium of instructions: English
    Programme Tutor: Mr. Ezamshah Ismail

    As institutions whose foundations are based on Islamic doctrines, Takaful Operators must operate within the ambit of Islamic principles and laws. There are a number of Takaful Models in operation in Islamic world as an alternative to Conventional Insurance.

    This module provides candidates the opportunity to study the application and mechanism of the most widely used Takaful management, operations, risk management and actuarial concept and practices.

    Learning Outcomes

    By the end of this course students should be able to :

    • Apply the knowledge of the takaful operational aspect;
    • Become competent resource in the takaful operational aspect;
    • Identify and define the various takaful business models;
    • Understand in-depth of the statutory and regulatory requirements of takaful business
    • Understand the principles and technicalities of the takaful management system as well as operational aspect
    • Understand the requirements and issues surrounding the governance of takaful institutions.

    PROGRAM DETAILS

    Programme Code: AB5013
    Medium of instructions: English
    Programme Tutor: Assoc Prof Dr Ahmed Razman

    The course aims to improve decision-making skills and to provide strategies for business improvement. The course covers problem analysis, strategy development process, and decision analysis techniques and group processes.

    At the end of the course, students are able to analyse and evaluate real life company situations using strategic management concept in efficiently managing the use of the company’s resources (financial, information, human and material). They also should be able to apply tools, techniques and frameworks of decision making to solve various company’s situations and develop strategic decisions based on ethical decisions making concepts.

    PROGRAM DETAILS

    Programme Code: FN5083
    Medium of instructions: English
    Programme Tutor: Prof. Dr. Mansor Ibrahim

    The course introduces to modern theories of monetary economics with the attempt to look at them from the Islamic perspectives. In the course, the macroeconomic implications of money markets and monetary policies will be discussed in details. The course introduces students first with the macroeconomic model of monetary economics using the IS-LM-AS framework.

    Then, a detailed discussion of money, money demand, money supply process and monetary policy making will be dealt with. Various contemporaneous issues in monetary economics will also be touched. These include the issues of monetary credibility, monetary policy and exchange rate regimes and others.

    Learning Outcomes

    By the end of this course students should be able to :

    • Appraise the monetary theories to contemporary monetary issues.
    • Criticise the issues involved in developing a modern, effective framework for conducting monetary policy.
    • Explain monetary theories in details.
    • Evaluate and frame existing monetary theories in the context of Islamic Banking and Finance.

    PROGRAM DETAILS

    Programme Code: QM5253
    Medium of instructions: English
    Programme Tutor:

    This course provides the state-of-the-art of some recent advanced econometric methods that are frequently used in empirical analysis of economics and financial models. This is an IT-intensive hands-on applied econometrics/forecasting course. It is designed primarily for the participants who are interested in familiarizing themselves with the most recent and ongoing advanced econometric and forecasting techniques with a view to applying these techniques to analyze the real world data for their future planning and ongoing business decision-making. The integration of econometric theory and practice with the help of the latest computer softwares that will facilitate executive.

    Learning Outcomes

    By the end of this course students should be able to :

    • Have an intuitive understanding of the recent advanced econometric techniques.
    • Have an ability to apply the recent advanced econometric techniques as well as softwares to testing theories/hypotheses/topical issues involved in Islamic and conventional finance.
    • Have an ability to interpret the technical statistical results intuitively by relating them to Islamic and conventional finance theories to make the results plausible to the relatively non-technical practitioners and policy makers.
    • The major project papers have the potential to be published in top international scholarly refereed journals.
    • The ability to communicate the technical concepts and mechanical statistical results effectively.

    PROGRAM DETAILS

    Programme Code: FN6093
    Medium of instructions: English
    Programme Tutor: Dr. Ginanjar Dewandaru

    The course Financial Modeling will enable students to analyse and solve business problems requiring detailed and complex calculations by combining the theory and concepts of financial analysis, forecasting and valuation with the practical application of financial modeling techniques.

    Students will learn how to develop flexible electronic spreadsheet models using Microsoft excel, to analyse a variety of business problems such as investment analysis, capital budgeting, financial forecasting, capital allocation, and business valuation. Students completing this course shall understand the essential principles of designing financial models and demonstrate the ability to apply these principles to a variety of business problems requiring the collection, summarisation, analysis and forecasting of financial data.

    Learning Outcomes

    By the end of this course students should be able to :

    • Build basic modelling skills for corporate financial planning by applying various techniques.
    • Learn to perform Excel based analysis and valuation of various assets.
    • Build practical spread sheet modelling skills for capital budgeting.
    • Develop data collection and analysis skills
    • Students will learn budgeting techniques incorporating variability included in financial forecasting

    Duration of Study

    • Full Time : Minimum 2 years, Maximum 3 years
    • Part Time : Minimum 2 years, Maximum 4 years
    • Intakes are in January, June and September.
    • Bank Negara Malaysia
    • Finance Accreditation Agency (FAA)
    • International Shari’ah Research Academy for Islamic Finance
    • Securities Commission Malaysia (SC)
    • Shariah Advisory Council
    • Chartered Institute of Islamic Finance Professionals
    • Malaysia International Islamic Financial Centre (MIFC)
    • Islamic Banking and Finance Institute Malaysia