The 2500 word Assignment will assess all learning outcomes.

This module starts with a brief introduction to the Muslim belif followed by a selection of topics to include: Sharia'a Law and Sharia'a boards roles, responsibility and membership; Sources of the Sharia'a; Islamic investment principles; Islamic banking principles and Riba; Modes of Islamic finance: Murabaha, Mudaraba, Musharaka, Ijara, Istisna'a and Salam; Takaful (Islamic insurance); Ethics and governance in an Islamic finance context.

1. UNDERSTANDING THE SOURCES OF SHARIA'A AND THE LATTER'S RELATION TO ISLAMIC FINANCE AND INVESTMENT
Knowledge & Understanding

2. CRITICAL UNDERSTANDING OF THE ISLAMIC BANKING PRINCIPLES AND THE CONCEPT OF RIBA.
Analysis
Knowledge & Understanding
Learning

3. CRITICAL EVALUATION OF THE DIFFERENT MODES OF ISLAMIC FINANCE
Analysis
Enquiry
Problem Solving
Reflection

4. CRITICAL EVALUATION OF ISLAMIC INSURANCE AS AN ALTERNATIVE TO CONVENTIONAL INSURANCE
Analysis
Knowledge & Understanding
Problem Solving

The learning strategy for the module requires students to commit 150 learning hours (including assessment) of which there will be 36 hours of tutor support and 114 hours of independent and self directed study.
The lecture/tutorial pattern may vary with some activities taking place in medium size group workshops.

18 hours of tutor led sessions
18 hours of tutor directed learning sessions

There will be sessions to introduce the core material, as well as smaller group sessions, including case studies and problem solving, discussion, presentation and workshop type activities. Students will be expected to complete the exercises and directed learning in their independent learning time and they are expected to undertake their own research into contemporary issues relevant to the module. Students will take formative assessments to gain feedback on their progress. The latter will include online tests.

Module study guide
The University Library and Learning Resources - books and academic journals
The module VLE
Electronic data bases
Learning support materials
Internet

FOR INTERNATIONAL COLLABORATIVE PARTNERS ONLY

Kettell, Brian (2011) Introduction to Islamic Banking and Finance. Great Britain: John Wiley & Sons Ltd. ISBN-10: 047097804X | ISBN-13: 78-0470978047
Iqbal, Z. and Mirakhor, A. (2011) An Introduction to Islamic Finance: Theory and Practice, Second Edition. John Wiley & Sons Ltd. ISBN-10: 0470828080 | ISBN-13: 978-0470828083