Page 84 - Buku_Panduan_Program_SME_Versi BI_Sesi_20172018

ISLAMIC BANKING & FINANCE

EIB3009 ISLAMIC BANKING & FINANCE
3 Credits

Pre-requisite None

Learning At the end of the course, the students are able to:
Outcomes
1. explain the philosophy, underlying concepts and principles of Islamic banking
and finance;
2. distinguish between the Islamic financial system and the conventional
financial system from the socio-economic and legal perspective; and
3. analyze issues pertaining to the development of Islamic banking and finance
in theory and practice.

Synopsis The course starts with an introduction to the philosophy, underlying concepts and
principles of Islamic banking and finance followed by an overview of the
development of Islamic banking and finance in theory and practice. Topics
include unlawful contracts in Islam, prohibition of interest, lawful contracts based
on profit, legal issues in Islamic banking products, conflict of court’s jurisdiction,
takaful, Islamic stock market and derivatives (sukuk).

References 1. Ismail Abdul Ghafar (2010), Money, Islamic Banks and the Real Economy,
Singapore: Cengage Learning Asia Pte Ltd.
2. Mohd Daud Bakar and Engku Rabiah Adawiah Ali (Ed) (2008), Essential
Readings in Islamic Finance, Kuala Lumpur: CERT.
3. Mei Pheng Lee and Detta Ivan Jeron (2007), Islamic Banking & Finance Law,
Kuala Lumpur: Pearson Malaysia Sdn Bhd.
4. Rosly, Saiful Azhar (2005), Critical Issues on Islamic Banking and Financial
Markets, Kuala Lumpur: Dinamas
5. Radiah Abdul Kader (2001) Ekonomi Islam, Kuala Lumpur: Vision
6. Relevant Statutes

Soft Skills CS1, CS2, CS3
CT1, CT2, CT3
LS1, LS2

Assessment Continuous Assessment : 50%
Final Examination : 50%

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