ISFE 600 Principles of
Islamic Finance |
The course aims to introduce
principles, fundamentals and
objectives of Islamic finance,
in a comparative way with the
foundations and principles of
other contemporary financing
regimes to highlight the
characteristics of Islamic
finance and its legislative,
ethical, and behavioral norms.
Among the principles that the
course will cover are: the
permissibility norm in
transactions, entitlement to
profit is related to risk
bearing, the strict prohibition
of Riba and stratagems, Gharar,
gambling and the sale of what
one does not possess.
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ISFE 601 Fiqh of Contemporary
Financial |
The course aims to clarify the
theory of financial contracts
addressed by scholars both in
the past and present on one
hand, and contracts and
financial issues arising from
the development and practices of
Islamic finance industry and its
institutions on the other. The
module will explore nominated
financial contracts as explained
in Islamic jurisprudence, and
the derived or structured
financial instruments that were
developed as a result of the
need for financial
intermediation from an Islamic
perspective.
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ISFE 602
Risk Management in Islamic
Finance |
The course aims to study and
determine types and sources of
risks in Islamic finance and
identify different ways to
measure them. The course will
also study the proposed means
and tools for their management
and their legitimacy from an
Islamic perspective. In
addition, the course will
examine the challenges facing
Islamic financial institutions
in the implementation of
international prudential
standards.
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ISFE 603 Supervisory Laws of
Islamic Financial Institutions |
The aim of the course is to
study the supervisory laws
governing the work of Islamic
financial institutions and
various legislative provisions
in the conventional
jurisdictions that can be used
to accommodate these
institutions. The course will
also study the implications of
such legislative measures on the
work of these institutions. In
addition, the course will study
the standards developed by the
Islamic Financial Services Board
(IFSB) in this area.
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ISFE 604 Design and
Development of Islamic Financial
Product |
The course aims to study how
Islamic financial products have
been designed in the light of
technical, legal and Shari’ah
dimensions. The course also aims
to highlight a methodology for
developing these financial
products so that the development
is based on the foundations of
Islamic Shari’ah on one hand,
and can be applied in practice
on the other.
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ISFE 605 Accounting and
Auditing Standards in Islamic
Financial Institutions |
The course aims to introduce the
accounting standards developed
by the Accounting and Auditing
Organization for Islamic
Financial Institutions (AAOIFI).
The course will also study the
relevant international
accounting and reporting
standards and their implications
for IFIs.
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ISFE 606 Financial Analysis |
The course aims to study the
tools used in evaluating the
financial condition of
enterprises, individuals, and
projects to help managers,
investors and financiers to take
a decision on the activities at
hand to provide financing based
on various factors such as
viability, profitability,
solvency, liquidity, and others.
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ISFE 607 Corporate Financing
from an Islamic Perspective |
The course aims to examine the
financial decisions taken by
corporations on capital and
other sources of funds, the
analytical methods and tools
used for making such decisions,
and the effect of the financial
decision on other decisions of
corporations from an Islamic
perspective. The course will
cover various topics
like: time value of money, the
relationship between risk and
return, efficiency of markets,
investment decisions, and cost
of capital and financial
decisions.
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ISFE 620 Islamic Financial
Institutions |
The course aims to examine the
structure and management of
Islamic financial institutions.
The course also aims to analyze
the role of financial
intermediation from an Islamic
perspective and its impact on
economic efficiency, and
financial stability, through
case studies and examples. The
course will analyze the
actual practices of banking and
non-banking Islamic financial
intermediaries, and the role
that such institutions play in
the Islamic financial system.
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ISFE 621 Maxims and Purposes
of the Fiqh of Finance |
The course aims to present
maxims and fundamental Shari’ah
objectives that link constituent
parts of the jurisprudence of
financial transactions to
overall fiqhi opinion, in order
to impart an ability to
understand and analyze new
issues. The course will provide
practical contemporary examples
of these maxims and objectives.
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ISFE 622 Entrepreneurial
Finance |
The course aims to introduce the
means available and
decisionmaking factors for
arranging funds to start new
projects or to expand existing
ones. Innovative ideas using
traditional, Islamic and mixed
financing regimes will be
highlighted. The course will
cover various instruments like
venture capital, and
micro-financing techniques.
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ISFE 623 Readings in Islamic
Economics and Finance |
The course aims to address a
variety of topics of
contemporary importance and
relevance to the Islamic
Economics and Finance
disciplines, to develop
analytical skills for research
and discussion in important
emerging issues. The module will
discuss hot and debatable topics
like debt reversal and its sale,
Sukuk listings and the proposals
that have been made for the
development of an Islamic
secondary capital market.
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ISFE 624 Shari’ah Supervision
and Audit |
The course aims to highlight the
role of Shari’ah Supervision and
Audit on the work of Islamic
financial institutions, through
theoretical and practical
analysis of the issue. The
module will also cover the
importance of Shari’ah
Supervision and Audit in the
work of these institutions. In
addition the course will analyze
the conditions that ought to be
present in the persons who carry
out such a task.
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ISFE 625 Islamic Capital
Markets |
The course aims to provide an
overview of the theory and
practice of Islamic capital
markets with the study of
Islamic indices, the issuance
and listing of instruments
traded in these markets. The
course will cover the importance
and role of capital markets in
contemporary economies and the
Islamic alternative to
conventional instruments that
are utilized in current markets.
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ISFE 626 Dispute Settlements
in Islamic Finance Contracts |
The course aims to study local
and international mechanisms for
settlement of disputes and how
they apply to contracts and
operations of Islamic financial
institutions when conflicts
arise among these institutions,
and/or between them and their
customers, and/or between them
and other institutions.
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ISFE 627 Marketing of Islamic
Financial Products |
The course aims to highlight the
importance of marketing and its
role in popularizing Islamic
financial products with special
attention on the moral
foundations and the norms to be
observed in the marketing
process from an Islamic
perspective. The module will
cover the instruments utilized
for the marketing of Islamic
financial products. The course
will also assess the
effectiveness of such techniques
in comparison to conventional
instruments.
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FIN 633 International Finance |
The course covers multinational
financial management, the
determination of exchange rates,
the international monetary
system, foreign exchange market,
currency futures and options
markets, parity conditions in
international finance and
currency forecasting, and
international financing markets.
In particular, students learn
how to quantify and manage risks
arising from shifting exchange
rates; and more generally, how
to manage assets and liabilities
in the international context.
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Econ 629 Economics of Markets |
The course aims to analyze
macroeconomic indicators and
their impact on financial
markets and the subsequent
investment decisions. The module
will cover capital markets
indices, unemployment and
inflation rates, and the overall
monetary and fiscal policies
pursued by governments to impact
economic activities.
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ISFE 630 Islamic Finance and
the Policy of Shari’ah |
The course aims to highlight the
importance and impact of
Shari’ah policies and
legislations on the financial
and economic decisions of
Islamic financial institutions
to help decision makers of these
institutions to draw their
funding plans and programs based
upon the constraints or
requirements imposed by these
legislations.
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FIN 631 Investment Analysis |
The course explores the
investment environment,
portfolio theory, the capital
asset pricing model,
single-index and multifactor
models, arbitrage pricing
theory, market efficiency,
options market, option
valuation, future market, swaps
and performance evaluation,
international diversification,
and active portfolio management.
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ISFE 632 Computational
Finance |
The course aims to introduce the
applications of quantitative
techniques and data analysis
used in finance, with a focus on
the most frequently used
programs such as MATLAB and
E-Views and their use in the
operations of Islamic Financial
Institutions and products.
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ISFE 633 Economic
Transactions and Jurisprudence
Terminologies |
The course aims to introduce the
most important terms that are
frequently used in the books
jurisprudence of financial and
economics transactions, so that
the student can understand
accurate and precise meaning of
these terms when dealing with
contemporary economic and
financial issues. Among the
terminologies that the module
will cover are: Riba, Gharar,
Qimar, and entitlement to return
is related to risk bearing.
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ISFE 694 Scientific Research
Methodologies |
The course aims at introducing
the student to the essential
principles of scientific
research and trains them
accordingly to help them in
preparing the scientific
research and studies in Finance.
The course discusses the steps
and methodologies of scientific
research, data analysis methods,
and testing hypotheses.
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ISFE 698 Research Project |
The course aims at empowering
the students by learning the
skills of designing an academic
research and determining its
methodology, so that the student
can undertake an applied
research in Islamic finance.
Then, the student will select a
research topic dealing with an
issue of Islamic finance and
complete it under the
supervision of a supervisor,
according to the manual of
writing scientific theses at the
university.
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