Faculty of Business and Management Sciences · Business Administration (English 30%) · Undergraduate
ECTS: 5 T+P+L: 3+0+0 University Elective
Coordinator: Dr. Öğr. Üyesi Hüseyin İÇEN
Course Objective
As one of major components of Islamic finance, students have to understand the philosophy, Shariah principles, regulatory frameworks and valuations of various instruments of Islamic Capital market.
Course Content
- Understand the regulatory framework governing Islamic money and capital markets.
- Critically analyze Islamic money and capital markets instruments based on economic and Shari’ah principles.
- Apply principles learnt to structure Islamic money and capital market instruments.
- Calculate the value and yield of Islamic money and capital market instruments.
- Demonstrate analytical and teamwork skills in analyzing and structuring Islamic money and capital market instruments.
Required Resources
AAOIFI
Recommended Resources
AAOIFI
Course Learning Outcomes
- Analyze the main differences between Islamic economics and conventional economics. Explain the functioning and instruments of the interest-free financial system.
Core Area Distribution
(34) Business and Administration%60 (46) Mathematics and Statistics%40
Teaching Methods
Question-AnswerDiscussionExercise and PracticePresentationGroup StudySelf studyProblem Solving
Assessment & Evaluation
HomeworkProject / DesignTesting (Essay / Tests: True-Falls, multiple-choice, short answer, matching)
ECTS / Workload
| Activity | Quantity | Duration (h) | Total Workload |
|---|---|---|---|
| Course Duration (Including Exam Week) | 16 | 3 | 48 |
| Out of Class Study Period | 16 | 3 | 48 |
| Midterm | 1 | 2 | 2 |
| Quiz | 0 | 0 | 0 |
| Assignment | 1 | 24 | 24 |
| Practice | 0 | 0 | 0 |
| Final | 1 | 3 | 3 |
Course Schedule
| Week | Subject | Preparation |
|---|---|---|
| 1 | Introduction and Overview of Islamic Capital Market | - |
| 2 | The Interbank Money Market | - |
| 3 | The Islamic Interbank Money Market | - |
| 4 | Bonds and Bonds market 1 | - |
| 5 | Bonds and Bonds market 2 | - |
| 6 | Sukuk and Sukuk Market 1 | - |
| 7 | Sukuk and Sukuk Market 2 | - |
| 8 | MIDTERM | - |
| 9 | Common Stock and Equity Markets | - |
| 10 | The Islamic Equities Market 1 | - |
| 11 | The Islamic Equities Market 2 | - |
| 12 | Derivatives Instruments : Products and Applications | - |
| 13 | Shariah Compliant Derivatives Instrument | - |
| 14 | Other special topics in Islamic capital market 1 | - |
| 15 | Other special topics in Islamic capital market 2 | - |
| 16 | Final exam | - |