Credit points: 15
In this subject, students will explore the theory of Islamic banking and its implication on economic growth and development. It will focus on the other areas of Islamic banking (IB) including legal issues, Zakat mechanism, Qard Hassan, Sukuk (bonds) capital adequacy, risk and liquidity management and the performance of the Islamic banks. Students will also learn how to apply their understanding of IB operations and knowledge of the products offered by the Islamic banks to evaluate the performance of the IB and how it differs with conventional. It develops strategies to deal with the current issues and problems faced by the IB industry in Australia and overseas. It will cover three case studies; NAB's Qard Hassan, Zakat and Sukuk.
FacultyFaculty of Business, Economics and Law
Subject Co-ordinatorHayat Khan
Available to Study Abroad StudentsYes
Subject year levelYear Level 5 - Masters
Prerequisites FIN5POF and ECO5POE or BUS5AFS
|Resource Type||Title||Resource Requirement||Author and Year||Publisher|
|Readings||Islamic finance: the regulatory challenge||Prescribed||Archer, S. and Rifaat Abdel Karim||JOHN WILEY, 2007|
|Readings||Money, islamic banks and the real economy||Prescribed||Ismail, A. G.||CENGAGE LEARNING, 2010|
Select to view your study options…
Melbourne, 2014, Semester 2, Day
Maximum enrolment sizeN/A
Subject Instance Co-ordinatorHayat Khan
One 2.0 hours lecture per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
One 1.0 hours tutorial per week on weekdays during the day from week 32 to week 43 and delivered via face-to-face.
|class tests totalling 500-words/one individual 10-minute presentation||20|
|one 1,000-1,500-word assignment||20|
|one 3-hour final examination||60|