SYLLABUS
FACULTY ECONOMIC AND BUSINESS
INTERNATIONAL PROGRAM FOR ISLAMIC ECONOMICS AND FINANCE (IPIEF)
1 Name of Course / Module Portfolio Islamic Investment
2 Course Code EI8461
3 Credit Value 3
4 Objective This course is intended to introduce the concepts and tools of security analysis and portfolio management.
5 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.
6 Synopsis
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.
7 References
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. Fundamentals of Investing 11th Edition, by Lawrence J. Gitman, Michael D. Joehnk, and Scott Smart.
Pearson Prentice Hall 2011.
Recommended Materials:
1. Developing Monetary Policy under Dual Financial System in Indonesia by Ascarya. Bank Indonesia - Center for Central Banking Research and Education, 2013
2. 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.
8 Lecturer Dr. Wahdi Yudhi
9 Correspondence
IPIEF Room, Postgraduate building, ground floor E-mail: [email protected] and [email protected] WA: 08119001253
10 Consultation time By appointment
11 Academic Evaluation
Test Competency I (25%), II (25%), III (25%), IV (25%) Attendance/Participation in class; and Paper
Total 100%
COURSE OUTLINE
Meeting Course Material Material Readings
1 Course introduction and overview
2 The Portfolio Management Process and the Investment Policy
Ch. 1
3 Managing Individual Investor Portfolios Ch. 2 4 Managing Institutional Investor Portfolios Ch. 3
5 Capital Market Expectations Ch. 4
6 Competency Test 1
7 Asset Allocation Ch. 5
8 Fixed-Income Portfolio Management Ch. 6
9 Equity Portfolio Management Ch. 7
10 Competency Test II
11 Alternative Investments Portfolio Management Ch. 8
12 Risk Management Ch. 9
13 Execution of Portfolio Decisions Ch. 10
14 Monitoring and Rebalancing Ch. 11
15 Competency Test III
16 Evaluating Portfolio Performance Ch. 12
17 Global Investment Performance Standards Ch. 13 18 Competency Test IV
Rules of class meeting:
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 emergencies 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.
5. Grading System
Grading and Weight Interval (%)
A A≥80
AB 75≤AB<80
B 65≤B<75
BC 60≤BC<65
C 50≤C<60
D 35≤D<50
E <35
