Islamic Financial Institutions and Markets (GE30003)

Main ReferenceInternational Centre for Education in Islamic Finance. (2006).Islamic Financial Institutions and Markets..Kuala Lumpur: INCEIF

Synopsis

The financial system is a vital component of any modern economy. The financial system mobilizes and drives financial resources in global capital markets through financial institutions and markets. Financial institutions are intermediaries through which resources are channeled towards efficient allocation of funds in the economy. Financial markets, on the other hand, are the arenas or mechanism by which financial instruments are traded. Both institutions and markets are the most vibrant and dynamic components of the financial systems as compared to other market mechanism. This course covers various topics related to both Islamic and conventional financial institutions and markets

Learning Outcomes

Discuss the functions of the financial institutions and markets .

Point out the distinct features of financial institutions in selected Islamic countries .

Demonstrate the various forms of products and services of Islamic financial markets .

Lecture Topics

The functions of financial institutions and marketsThe Economic An overview of the global financial system The history and development of Islamic financial institutions The Islamic financial system of selected Muslim countries The Islamic financial institutions The similarities and differences of Islamic financial institutions in

selected Islamic countries Islamic financial markets The monetary authority/central bank

Assessments:

Final Exam 40% Mid-term exam 30% Project research report

and Presentation 20% Attendance and

class participation 10%