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PORTFOLIO ISLAMIC INVESTMENT SYLLABUS
Course Title: Portfolio Islamic Investment Department Name: IPIEF
Course Number:
Semester Offered: Semester Gasal 2019/2020
Course Meeting: Saturday, 3.15pm to 5.45pm, room 407 Pasca Sarjana Building Prerequisites:
Instructor: Drs. Wahdi Salasi April Yudhi, MDA., Ph.D.
Phone: 08119001253
E-mail Address: [email protected]; [email protected]
Course Description:
This course is intended to introduce the concepts and tools of security analysis and portfolio management. The course content covers market structure and trade execution, client characteristics and their effect on portfolio construction, the asset allocation decisions, the security allocation decisions, market efficiency and trading strategies, and the use of option and futures contracts to manage the risk. In addition, selected topics related to Islamic investment will be discussed throughout the course. Students take an active role in the class via presentations and discussions.
Course Learning Outcomes:
It is expected that the course will help students understand the underlying principles of security valuation and portfolio management, and will provide them the necessary background to enter the investment industry or related fields. At the end of the course students should be able to develop and use successful decision- making strategies, and possess analytical skills necessary to make effective and efficient investment decisions in a global business environment.
Required Materials/Resources:
Textbook:
1. Managing Investment Portfolios: A Dynamic Process Third Edition, by John L.
Maginn, CFA, Donald L. Tuttle, CFA, Dennis W. McLeavey, CFA, Jerald E.
Pinto, CFA. John Wiley & Sons, Inc. 2007.
2. Heisler, Jeffrey Piros, Christopher Dixon Stewart, Scott Dudley - Portfolio Management: Theory and Practice, John Wiley & Sons (2019)
3. Mohd Ma’Sum Billah, Modern Islamic Investment Management: Principles and Practice, Palgrave (2019)
Recommended Materials:
1. Fundamentals of Investing 11th Edition, by Lawrence J. Gitman, Michael D.
Joehnk, and Scott Smart. Pearson Prentice Hall 2011.
2. Developing Monetary Policy under Dual Financial System in Indonesia by Ascarya.
Bank Indonesia - Center for Central Banking Research and Education, 2013
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3. Nation-based Islamic Finance Curriculum Development: An Indonesian Case, by Yuslam Fauzi, MBA. Vice Chairman of Indonesian Association of Islamic Economist (IAEI) and CEO PT Bank Syariah Mandiri, 2013
Optional Materials:
There are also a number of alternative texts and books in the finance area. The following may be of help for you:
1. Understanding Islamic Finance by Muhammad Ayub, PT Gramedia Pustaka Utama, Jakarta 2009.
2. Modern Portfolio Theory and Investment Analysis by Elton, E. Gruber M., Brown S. and W. Goetzmann, 8th edition, 2011, John Wiley & Sons, Inc.
Performance Evaluation:
Midterm / Competency Test 1 45%
Finalterm / Competency Test 2 45%
Class attendance/participation 10%
Total 100%
Grading:
A = D = B = F = C =
Class Policies:
(1) Students Attendance: Students are expected to attend every scheduled class session.
(2) Academic Honesty Policy: If students are caught cheating on a test or examination, every effort will be made to have you dropped from the. Plagiarism will be treated in the same manner as cheating.
(3) Make-up exams: No make-up exams will be given during the semester except in cases of formally documented illness or other emergences and must be made prior to the exam.
(4) Paper and Class attendance/participation:
Paper, and Class attendance and participation will count for certain percentage of each of your overall grade, and it is based on your active participation in case/topic discussions. However, you can also get additional bonus points through regular class participation asking exceptionally good questions, or making exceptionally good comments.
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Course Contents:
CHAPTER 1: The Portfolio Management Process and the Investment Policy CHAPTER 2: Managing Individual Investor Portfolios
CHAPTER 3: Managing Institutional Investor Portfolios CHAPTER 4: Capital Market Expectations
CHAPTER 5: Asset Allocation
CHAPTER 6: Fixed-Income Portfolio Management CHAPTER 7: Equity Portfolio Management
CHAPTER 8: Alternative Investments Portfolio Management CHAPTER 9: Risk Management
CHAPTER 10: Execution of Portfolio Decisions CHAPTER 11: Monitoring and Rebalancing CHAPTER 12: Evaluating Portfolio Performance
CHAPTER 13: Global Investment Performance Standards
