Course Overview
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Course Synopsis
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With a growing trend of financial sector specially in Islamic banking, a new subject is being offered to you which will develop an understanding regarding Islamic banking. The course aims to get the students learn the Introduction to the early evolution and history of Islamic banking globally, Historical evolution of Islamic banking in Pakistan. Further this subject will develop the understanding to differentiate Islamic Banking from conventional Banking. Different Islamic modes which are used by Islamic banks are discussed in detail with a practical approach. What are the different alternative methods which are used by Islamic banks to provide competitive products to market. Further more this course will allow you to understand the obstacles in the way of Islamic banking in Pakistan.
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Course Learning Outcomes
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At the end of session the students are expected to:
- Possess the knowledge of history and evolution of Islamic banking
- Recognize the fundamental instruments and concepts available and used in the Islamic banking
- Understand the differences between Islamic and conventional modes of financing
- Recognize the actual practices of Islamic banking in Pakistan
- Understand the practical process flows of different products of Islamic banks
- Obstacles observed by various participants associated with the Islamic banking
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Course Calendar
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1
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Introduction to the Economic Systems (Topic No.1 to 7)
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2
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Basic Principles of Islamic Economic System (Topic No.8 to 14)
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3
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Salient Features of Islamic Economic System (Topic No.15 to 20)
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4
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Prohibition of Riba in the Qur’an (Topic No.21 to 26)
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5
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Prohibition of Gharar (Topic No.27 to 30)
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6
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Free mutual consent (Topic No.31 to 37)
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7
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What is a Bank - Meaning and History? (Topic No.38 to 43)
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8
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Working of a commercial Bank (Topic No.44 to 51)
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9
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What is Islamic banking (Topic No.52 to 59)
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Assignment No.1
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10
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Assets side of Islamic Banking (Topic No.60 to 66)
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11
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Trade based Modes (Topic No.67 to 73)
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12
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Trade based Modes - Salam (Topic No.74 to 79)
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13
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Salam as a Mode of Finance (Topic No.80 to 84)
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Quiz No.1
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14
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Trade based Modes - Istisna' (Topic No.85 to 92)
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15
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Controversial Trade based Modes (Topic No.93 to 97)
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16
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Ijarah (Topic No.98 to 102)
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Quiz No.2
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17
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Ijarah (Topic No.103 to 108)
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18
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Participatory Mode - Shirkat (Topic No.109 to 114)
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GDB No.1
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19
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Participatory Mode - Shirkat (Topic No.115 to 118)
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20
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Participatory Mode - Shirkat (Topic No.119 to 123)
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21
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Participatory Modes - Mudarabah (Topic No.124 to 129)
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22
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Particpatory Modes - Musharakah vs Mudaraba (Topic No.130 to 135)
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23
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Running Musharakah (Topic No.136 to 140)
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24
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Specific Area of Financing (Topic No.141 to 147))
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Mid Term Exams
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25
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Specific Area of Financing (Topic No.148 to 153)
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26
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Specific Area of Financing (Topic No.154-159)
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27
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Sharia'h Governance in Islamic banks (Topic No.160-165)
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28
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Islamic Banking Industry in Pakistan (Topic No.166-170)
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29
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Risk Managament in Islamic Banking (Topic No.171-174)
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30
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Insurance and Takaful (Topic No.175-180)
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31
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Insurance and Takaful (Topic No.181-185)
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Quiz No.3
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32
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Insurance and Takaful (Topic No.186-191)
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33
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Insurance and Takaful (Topic No.192-197)
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34
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Insurance and Takaful (Topic No.198-202)
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35
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Insurance and Takaful (Topic No.203-207)
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36
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Micro Finance (Topic No.208-214)
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37
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Money and Capital Markets (Topic No.215-220)
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38
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Money and Capital Markets (Topic No.221-226)
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39
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Money and Capital Markets (Topic No.227-232)
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40
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Money and Capital Markets (Topic No.233-237)
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41
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Money and Capital Markets (Topic No.238-242)
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42
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Global Islamic Finance Industry (Topic No.243-247)
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43
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Global Islamic Finance Industry (Topic No.248-253)
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44
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Global Islamic Finance Industry (Topic No.254-258)
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45
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Issues and Challenges (Topic No.259-263)
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Final Term Exams
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