Programme Content Part 2 in Kuala Lumpur

A choice of 30 credits from:

  • Islamic Capital Markets

  • Islamic Economics

  • Research Project

  • Wealth Planning and Management 

Islamic Capital Markets

Convenor: INCEIF Faculty    Credits: 10 

This course critically examines the nature and theory of Islamic capital markets and the structure of capital market instruments. Topics include the historical development of Islamic capital markets and its role in economic development, Islamic capital market infrastructure, Islamic equities, types of sukuk structures, shari’ah screening process based on DJIM, FTSE GIIS and Malaysia’s Securities Commission, Islamic Unit Trusts, Islamic REITs, and Islamic ETF. This course also cover topic on issuing Islamic securities. 

Islamic Economics

Convenor: INCEIF Faculty    Credits: 10  

Provides students with a critical understanding of Islamic economy by considering the implications of the application of Shariah law for the economic and financial systems, drawing upon Islamic principles and the philosophy developed by Muslim thinkers.  

Outline content: An Overview Of Islamic And Conventional Economics And Finance Theories; Economic Doctrines of Islam; Islamic Economic System; Wealth Creation and Mobilization; Role of Government in the Economy; Consumer Behaviour; Behaviour of Producer or Entrepreneur; Risks and Returns; Islamic Business Ethics; Money from Islamic Perspective; Economic Thoughts of Muslim Thinkers.

Research Project 

Convenor: Professor Charles Sutcliffe    Credits: 20

The aim of the research project is to allow students to define and execute a piece of research in finance on a topic of their choice, with direction from an academic supervisor and with assistance from a doctoral student support supervisor.

Wealth Planning and Management

Convenor: INCEIF Faculty    Credits: 10

Introduces students to the best ways of managing, investing and distributing wealth in accordance with the Islamic laws. This module also discusses the issues related to wealth planning such as tax matters, relevant institutions and the code of conduct for professionals involved in this industry.

Outline content: Functions of Deposits in the Economy; Nature and Scope of Wealth Planning; Wealth (Asset) Allocation Process; Investment in Real Estate; Investment in Securities; Insurance and Takaful Scheme; Estate Planning; Retirement Planning; Taxation Planning and Management; and Issues Related to Wealth Planning and Management.