Overview

Theoretical foundations of Islamic Banking; Development of the Islamic banking model; Islamic banking products and services; Case studies around the world; Challenges facing the Islamic financial development.

Assessment Strategy

-threshold 50% Much of the relevant information and skills mostly accurately deployed. Adequate grasp of theoretical/conceptual/practical elements. Fair integration of theory/practice/information in the pursuit of the assessed work's objectives. Some evidence of the use of creative and reflective skills.

-good 60% Very good performance. Most of the relevant information accurately deployed. Good grasp of theoretical/conceptual/practical elements. Good integration of theory/practice/information in pursuit of the assessed work's objectives. Evidence of the use of creative and reflective skills.

-excellent 70% An outstanding performance, exceptionally able. The relevant information accurately deployed. Excellent grasp of theoretical/conceptual/practice elements. Good integration of theory/practice/information in pursuit of the assessed work's objectives. Strong evidence of the use of creative and reflective skills.

Learning Outcomes

• Draw comparisons between the conventional and Islamic banking business models.

• Explain the implications of the application of Islamic principles in banking and financial intermediation.

• Identify the challenges currently facing the Islamic banking sector, and the prospects and opportunities for future growth and development.

• Understand the implications of the traditional Islamic financial instruments for the practical commercial operations of banks and financial institutions.