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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.