Islamic Economics Institute

Executive Master in Islamic Finance


 

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

 


 

 

Dr. Hasan M. AlMakhethi
Vice Dean of Postgraduate
Studies and Research
Tel. (+966) 012 6952000, Ext.:73694
Mob: (+966) 503631434
Mr. Ali Suleiman Al Suweihi
Mobile: 0544244131
Office: (+966) 012 6952000
(Ext.)68543
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Last Update 1/1/2018 12:13:33 PM