SYLLABUS
FACULTY ECONOMIC AND BUSINESS
INTERNATIONAL PROGRAM FOR ISLAMIC ECONOMICS AND FINANCE (IPIEF)
1 Name of Course / Module Islamic Financial Institutions
2 Course Code EI8462
3 Credit Value 3 credit hours
4 Objective
This course expects to provide students with the ability to analyze the concept of Islamic finance Instrument in current system, able evaluate by comparing between theory and practice.
5 Learning Outcomes
At the end of the course, students should be able to:
1. Understand the regulatory framework governing financial institutions.
2. Critically analyze Islamic banking instruments based on economic and Shari’ah principles.
3. Critically analyze Islamic capital market, sukuk, Islamic insurance, islamic unit trust instruments based on economic and Shari’ah principles.
4. Critically analyze the concept of islamic microfinace, LAZ/BAZ and other social institutions.
5. Able to analyze Islamic financial instruments in terms of purpose, structure, and pricing.
6. Demonstrate analytical and teamwork skills in analyzing and structuring Islamic banking, Islamic money market and Islamic capital market instruments.
6 Synopsis
This course covers Islamic financial institution markets including Islamic banking, Islamic money market, bond and sukuk markets, stock market, foreign exchange market, derivatives markets and commodities market.
Also included are principles, regulatory framework of Islamic financial markets, collective investment schemes and selected case studies of Islamic securities.
7 References
1. Islamic Financial System: Principle and Operation, ISRA.
2. Global Islamic Finance Report 2018
3. Islamic Financial Services Industry Stability Report 2018 by IFSB
4. Islamic Finance Outlook 2018 by Global S&P ratings 5. Islamic Fintech Report 2018 by Dinar Standard 6. http://www.ifnfintech.com/eng/
7. https://bpkh.go.id/
8. https://www.tabunghaji.gov.my/
8 Lecturer Nurul Anisak, S.E.I., M.Sc (Fin)
IPIEF Room, Postgraduate building, ground floor 9 Correspondence Email: [email protected]
WA/ Cellphone: +62812-90455645
10 Consultation time By appointment
Competency Test 1-3: 60%
11 Academic Evaluation
Softskills: 10%;
Quizz: 10%; Assignment: 10%;
Group participation: 10%
TOTAL 100%
COURSE OUTLINE
Meetings Course Material Material
Readings 1 Syllabus and Overview of Islamic Financial Institutions
Islamic Financial Institution : Theory and Practices, ISRA Book.
2 Philosophy and Fundamentals of Islamic Banking and Finance
Islamic Financial Institution : Theory and Practices, ISRA Book.
3 4
Regulatory framework of Islamic banking and finance
• Historical Development of Islamic Finance
• Emerging Interest in Islamic Finance
• Indoneisa: A Comprehensive Islamic Financial System
• Regulatory Framework of Islamic Finance
• International Bodies Governing Islamic Banking and Finance
• Legal Framework Governing Islamic Banking
Islamic Financial Institution : Theory and Practices, ISRA Book.
5 Islamic Banking System and Operation: Source of Fund and Islamic Financing
Islamic Financial Institution : Theory and Practices, ISRA Book.
6 Competency test 1
7 Shariah Compliant Equity
Islamic Financial Institution : Theory and Practices, ISRA Book.
8 Treasury product and Islamic Money Market Islamic Money Market in Indonesia
Islamic Financial Institution : Theory and Practices, ISRA Book.
9 Sukuk
Islamic Financial Institution : Theory and Practices, ISRA Book.
10 Islamic Unit Trust in Indonesia
Islamic Financial Institution : Theory and Practices, ISRA Book.
11 Takaful (Islamic Insurance) and Micro Takaful
Islamic Financial Institution : Theory and Practices, ISRA Book.
12 Rahn/Islamic Pawnbroking
Islamic Financial Institution : Theory and Practices, ISRA Book.
13 Competency test 2
14 Islamic Social Institutions (Zakat and Waqf)
Islamic Financial Institution : Theory and Practices, ISRA Book.
15 BMT and Islamic Microfinance
Islamic Financial Institution : Theory and Practices, ISRA Book.
16 Islamic Fintech
Islamic Fintech Report 2018 by Dinar Standard,
http://www.ifnfintech.
com/eng/
17 Badan Pengelola Keuangan Haji Indonesia vis-à-vis Tabung Haji Malaysia
https://bpkh.go.id/ and https://www.tabungha ji.gov.my/
18 Competency test 3
Rules of class meeting:
1. Attendance point is measured from the percentage of students’ attendance for 18 meetings. Formal letter is needed for students who skip the class, failed to do so, they are regarded as absent.
2. Late attendance is not favorable. If the student come late to the class more than 30 minutes, it considered as an absent.
3. Competency test 1 to 3 are based on the previous material courses which delivered 3 to 4 times before the test. This point of assessment is expected to nurture integrity and independency of the students
4. Plagiarism and any kind of cheating during the test is strictly prohibited. If proven, students will be considered failed for the competency test which carried out during the period.
5. Students are not allowed to skip any competency test and if it is happened, it will be immediately considered as failure for the subject.
6. Students are allowed to propose make up competency test, but it will be held once during this subject delivered in this semester.
7. Grading system as follows:
Grading and Weight Interval (%)
A A≥90
A- 80≤A-<90
B+ 75≤B+<80
B 70≤B<75
B- 65≤B-<70
C 60≤C<65
D 50≤D<60
E E<50
Yogyakarta, January 16, 2019
Lecturer,
Nurul Anisak, S.E.I., M.Sc (Fin)
