Academic Catalog 2020–2021

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FIN323 Islamic Banking and Finance

[3–0, 3 cr.]

This course focuses on the principles and implications of Islamic Shariah (religious law) pertaining to economic and financial systems. It covers the operations of Islamic banks by examining various debt-based and profit-sharing financing instruments as well as liquidity and risk management techniques. It reviews different Islamic investment vehicles, including Shariah-compliant equities, Sukuk, and Takaful investments.

Prerequisites: FIN301 Managerial Finance, FIN302 Financial Institutions and Markets, and FIN311 Banking Operations