Faculty of Business and Finance
Department of banking and Finance
Course Syllabus
Fall Semester 2013-2014
1. Course Specifics /
Course Title
Course Number: / Risk in Islamic Banks
505222
Credit Hours / Lecture: 3 CH - Lab: 0 CH
Lecture Days & Time / Mon Tue Wed Thu 11:30 – 1:00
Class Location / BB-S09
2. Academic Staff Specifics
Name / Academic Rank / Office Number, Location / Office Hours / E-mail AddressDr. Marwan Al-Nahleh / Assistant Professor / Business Building
Second Floor / After 2:30
Mon-Thu /
3. Course Components
Resources:
· Text book:
Introduction to Islamic Banking & Finance: Principles and Practice.
Kabir Hassan, Rasem Kayed, Umar Aimhanosi Oseni.
ISBN-10: 0273737317 • ISBN-13:9780273737315
©2013 •Pearson Higher Education •Paper, 456 pp
· On line Resources:
a) Arab Monetary Fund http://www.amf.org.ae
b) Islamic Finance Resource http://ifresource.com
c) International Islamic Financial Market http://www.iifm.net
d) Islamic Banks and Financial Institutions Information http://www.ibisonline.net/IBISHomepage.aspx
e) TheInternational Monetary Fund(IMF): http://www.imf.org
Course Description:
This course begins with an introduction to Islamic banking and finance, to understand how Islamic banks are operating.Next; financial instruments of Islamic banks will be under of analysis to understand the Islamic banks products. We then turn our attention to financial accounting for Islamic banks products, Corporate Governance for Islamic financial institutions will be covered as an important topic, and then we will elaborate major topics in Islamic Assets and Fund Management. Islamic Bonds valuation is very important topic that needs to be explained. The final section of the course provides full illustration of Risk Management Techniques in Islamic Financial institutions.
Course Intended Learning Outcomes (ILOs)/Competencies:
After completing this course, students should have developed a range of skills enabling them to understand economic concepts and use those concepts to analyze specific questions.
By the end of this course, students should be able to:
· Understand what is Islamic banking and finance.
· Understand how Islamic banks are operating.
· Analyze different financial instruments of Islamic banks.
· Recognize main topics in Corporate Governance for Islamic financial institutions.
· Understand the process of Islamic Assets and Fund Management. Islamic Bonds.
· Grasp the concept of Islamic Bonds.
· Realize the Risk Management Techniques in Islamic Financial institutions.
Teaching Methods:
The structure of this course is elaborated throughout lectures, classroom debates, assignments, exercises, homework and projects.
Assessment Instruments
Mark30% / Midterm Exam
20% / Project
10% / Quizzes, Homework, Assignment and Participation
40% / Final Exam
100% / Total
Course Academic Calendar
Weeks / Basic and support material to be covered / Homework/reports and their due datesWeek 1: / Chapter 1 Introduction to Islamic Banking and Finance
Week 2: / Chapter 3
Financial Instruments of Islamic Banking and Finance
Week 3: / Chapter 4
Financial Accounting for Islamic Banking Products
Week 4: / Chapter 5
Corporate Governance for Islamic Financial Institutions
Week 5: / Midterm Exam
Week 6 / Chapter 6 Islamic Asset and Fund Management
Week 6 / Chapter 7 Islamic Bonds
Week 7 / Chapter 9 Islamic Microfinance
Week 8 / Chapter 10
Risk Management in Islamic Finance
Week 9: / Final Exam
Course Policies
University regulations are applied to this course, regarding class attendance; punctuality, exams, late submissions; absence with permission; penalties for cheating; and policies for assignments and projects – if any. Students should be aware of all these regulations in addition to other regulations stated and described in the student’s handbook.
General Policies for the Course: students must comply with:
A) Lecture Management
1- Students should behave appropriately during lectures, in order to reflect the good reputation of the university.
2- Students should grasp the course objectives from the first day of attendance in order to work on achieving these objectives through the course duration.
3- Faculty members encourage students constantly to get involved in class discussions. Therefore, students should make use of these discussions in order to enhance their educational experience.
4- Students should not leave classrooms during lectures except for compelling reasons.
B) Scientific Honesty
The university prohibits students from any actions inconsistent with scientific honesty, including cheating in exams whether by giving or receiving information, or submitting assignments done by others. In case of breach of this sort, the student will be subject to an effective university punishment, which he/she should be well aware of.
C) Late Attendance or Absence for Lectures
1- Students attending a lecture more than 10 minutes late will be marked as "late attendant", and every four late attendances will be count for one day absence.
2- Students attending the lecture more than 20 minutes late will be allowed to enter the classroom but will be marked as "absent".
3- If absences exceed 15% of the lectures, then the student will be disqualified from the course, and will get the university zero mark for the course.
D) Absence from exams
1- Absentees from a short test (quiz) will not be allowed for a make-up test.
2- Official excuses for missing any exam must be provided to the lecturer for the appropriate actions to be taken.
3- Special forms designed for absence from final exams are available at the Admission and Registration Department. The Dean of the related course must be provided with these forms by the student within seven days from the date of the missed exam in order to take the appropriate action.
4- Medical excuses must be signed officially and stamped by the Medical Centre.
5- All make up exams will be given only once during the same semester.
6- Make up for the final exam must be held during the first two weeks of the following semester.
7- No excuse will be accepted in case of failing to attend the makeup exam. There will be no other chance for another make up exam.
E) Additional Instructions
1- Cell phones must be turned off during lectures and exams.
2- Students should refer to additional references and do extra reading for the course.
3- Students should submit their assignments within the due time.
4- In case of absence or late registration for the course, the student is fully responsible for the follow up of the missed lecture.
5- Students are advised to keep copies of their assignments as a reference and record.
6- Objection on final exam result is limited to the specific procedures developed by the university. Students have to refer to the Department of Admission and Registration to view relevant details.
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