FIN356 provides the concepts and theoretical underpinnings of the Islamic Financial system and its products and services. It explains the fundamental principles and operational functions under the Shariah view of balanced profit-seeking, social responsibility and global sustainability. Basic tenets of accountability, equality, inclusiveness, preservation of property rights, the sanctity of contracts and the Rule of Law are discussed with the economic behaviour of individuals and operating tenets of financial institutions. It will be pivotal in helping participants grasp the basics of Islamic Finance principles, navigate the financial instruments that facilitate Shariah-compliant transactions and comprehend the real-world issues and intricacies from past banking case studies.
Credit Units: 5
Presentation Pattern: Every July