Module ISF-2203:
Islamic Commercial Banking
Islamic Commercial Banking 2024-25
ISF-2203
2024-25
Bangor Business School
Module - Semester 1
15 credits
Module Organiser:
Debbie Gilliland
Overview
This course aims to provide the students with a thorough understanding on the operations of Islamic commercial banks and the different types of commercial banking products.
Indicative Content:
• Recap on the fundamentals of Islamic banking and finance • Introduction to commercial banking and Islamic commercial banking • Functions of an Islamic Commercial Bank • Islamic Commercial Bank Structure • Types of contracts in Islamic Commercial Bank • Risk Management in Islamic Commercial Bank
Assessment Strategy
-threshold -D- to D+ (40-49%): No major omissions or inaccuracies in the deployment of information/skills. Some grasp of theoretical/conceptual/practical elements. Integration of theory/practice/information present intermittently in pursuit of the assessed work's objectives.
-good -B- to B+ (60-69%): 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 -A- to A+ (70%+): Outstanding performance. 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.
-another level-C- to C+ (50-59%): 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.
Learning Outcomes
- Analyse the types of products that Islamic banks use for the sourcing and mobilization of funds to propose Islamic solutions for both corporate customers and retail customers.
- Contrast the operational structures of Islamic banks and conventional banks to consequently evaluate their implications for the provision of banking services.
- Describe the key functions of an Islamic bank as an intermediary in enabling trade finance, corporate finance, and consumer finance.
- Distinguish between the range and combination of Islamic nominate contract structures used as a foundation in Islamic commercial banking products.
Assessment method
Coursework
Assessment type
Summative
Description
Students are required to do research on one of the Islamic commercial banks in Bahrain and analyse its product and service offerings. Groups will consist of 3-4 members. The world limit will be 3,500 (+/- 10%). Marks in group assignments are allocated based on both individual contributions and the group's overall performance. Each member needs to specify their individual contribution to the project by identifying a specific task or responsibility that was carried out. The group's overall performance is assessed based on, among others: attainment of assignment objectives, flow between sections, overall presentation of the assignment, and quality of references used.
Weighting
40%
Assessment method
Exam (Centrally Scheduled)
Assessment type
Summative
Description
Students will take a two-hour-long examination paper. This paper will consist of two sections. The first section will require students to answer short questions to measure the breadth of understanding of various concepts. The second section will require students to answer essay questions. Critically evaluating and discussing relevant theories or topics in depth.
Weighting
60%