ICM304-Risk Management of Islamic Financial Institutions

Module Provider: ICMA Centre
Number of credits: 10 [5 ECTS credits]
Level:7
Terms in which taught: Summer term module
Pre-requisites:
Non-modular pre-requisites:
Co-requisites:
Modules excluded:
Module version for: 2017/8

Module Convenor: Dr Mohd Pisal Zainal

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

Summary module description:

The course introduces basic concepts related to banking, the underlying philosophies and Shairah principles that drive Islamic banking, legal and regulatory perspectives, brief history of Islamic banking and recent developments in this industry. Students are also learn about the suite of Islamic banking products, value-chain of the banking business, basic techniques and practice on how to manage Islamic Banking Institutions and finally, some conte,porary and pertinent issues in Islamic banking are discussed. 



 



This module is delivered at University of Reading Malaysia only. 


Aims:

The course aims to provide an understanding and appreciation of financial system and the Islamic Banking concept and operations including Shariah and legal framework, products and services offered and function of key business units. This programme will also expose students to important techniques in managing Islamic Banking institutions to ensure it is viable and profitable. 


Assessable learning outcomes:

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




  • Review the fundamental philosophies and Shariah framework of Islamic banking.

  • Recognise legal and regulatory framework governing Islamic banking.

  • Explain the products and services offered.

  • Discuss the important techniques in managing Islamic banking institutions

  • Critically evaluate and articulate contemporary issues pertaining to Islamic banking.


Additional outcomes:


  • Analytical thinking, critical thinking, problem solving skills and working in a team as well as presentation skills. 


Outline content:

This module covers the regulatory frameworks and operations of Islamic Banks from the global perspective, since Islamic banking and other related financial institutions exist in more than seventy 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
Guided independent study 78
       
Total hours by term 100.00
       
Total hours for module 100.00

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

Other information on summative assessment:

Formative assessment methods:

Penalties for late submission:

The Module Convenor will apply the following penalties for work submitted late, in accordance with the University policy. 




  • where the piece of work is submitted up to one calendar week after the original deadline (or any formally agreed extension to the deadline): 10% of the total marks available for the piece of work will be deducted from the mark for each working day (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.



Penalties for late submission on this module are in accordance with the University policy. Please refer to page 5 of the Postgraduate Guide to Assessment for further information: http://www.reading.ac.uk/internal/exams/student/exa-guidePG.aspx

Length of examination:

Three-hour


Requirements for a pass:

A weighted average of 50%


Reassessment arrangements:

To re-sit the examination, if the weighted average is below 50%.


Last updated: 21 April 2017

Letter 'IPO.MODCAT1STKT' - Generation started at 21/Apr/2017 15:58:46.63.

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