IC312-Islamic Banking Practices

Module Provider: ICMA Centre
Number of credits: 20 [10 ECTS credits]
Terms in which taught: Spring term module
Non-modular pre-requisites:
Modules excluded:
Current from: 2018/9

Module Convenor: Dr Mohd Pisal Zainal

Email: m.p.zainal@reading.edu.my

Type of module:

Summary module description:

This module is delivered at University of Reading and University of Reading Malaysia

This module introduces basic concepts, principles, products and services offered by the Islamic banking system. It equips the students with a working knowledge of the regulatory and legal frameworks governing the conventional and Islamic banking systems.

This module is delivered at University of Reading and University of Reading Malaysia.

This module provides students with a working knowledge of principles, products and services, and treasury functions and operation of an Islamic bank. In achieving these objectives, the students will be exposed to the structure of the Islamic financial system and the shari'ah and legal frameworks of the Islamic financial system.

Assessable learning outcomes:

At the end of the course, students are expected to be able to:

• discuss the principles of Islamic finance.

• compare and contrast the legal and regulatory frameworks governing Islamic and conventional banking systems.

• compare and contrast various financial services and channel management of an Islamic bank.

• analyse various types of deposit products offered by an Islamic banking system (the liability-side of Islamic banking balance sheet (T-account)).

• analyse various types of financing products offered by an Islamic banking system (the asset-side of Islamic banking balance sheet (T-account)).

Additional outcomes:
•Information gathering skills, working in team as well as presentation skills.

Outline content:

This module covers the regulatory frameworks from the global perspective, since Islamic banking and other related financial institutions exist in more than sixty countries globally. However, the module will draw heavily from the experience of Malaysia in terms of the depth and width of products offering and sound regulatory frameworks.

Brief description of teaching and learning methods:
•Two-hour lectures combined with two-hour tutorials
•Group working for assignment and group presentation

Contact hours:
  Autumn Spring Summer
Lectures 22
Tutorials 20 4
Guided independent study 100 54
Total hours by term 142.00 58.00
Total hours for module 200.00

Summative Assessment Methods:
Method Percentage
Written exam 50
Written assignment including essay 40
Oral assessment and presentation 10

Summative assessment- Examinations:

Summative assessment- Coursework and in-class tests:

Formative assessment methods:

Penalties for late submission:
The Module Convener will apply the following penalties for work submitted late:

  • where the piece of work is submitted after the original deadline (or any formally agreed extension to the deadline): 10% of the total marks available for that piece of work will be deducted from the mark for each working day[1] (or part thereof) following the deadline up to a total of five working days;
  • where the piece of work is submitted more than five working days after the original deadline (or any formally agreed extension to the deadline): a mark of zero will be recorded.

  • The University policy statement on penalties for late submission can be found at: http://www.reading.ac.uk/web/FILES/qualitysupport/penaltiesforlatesubmission.pdf
    You are strongly advised to ensure that coursework is submitted by the relevant deadline. You should note that it is advisable to submit work in an unfinished state rather than to fail to submit any work.

    Assessment requirements for a pass:
    A weighted average of 40%

    Reassessment arrangements:
    To re-sit the examination, if the weighted average is below 40%.

    Additional Costs (specified where applicable):

    1) Required text books:

    2) Specialist equipment or materials:

    3) Specialist clothing, footwear or headgear:

    4) Printing and binding:

    5) Computers and devices with a particular specification:

    6) Travel, accommodation and subsistence:

    Last updated: 20 April 2018


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