Courses Required for Certificate Completion:

Students Must Take Any 5 Courses from the Course List​

 

1. IFEC500 – Islamic Finance Principles (5 Credits) An overview of the ethical and legal foundations of Islamic finance, introducing key concepts like risk-sharing, profit-and-loss sharing, and the prohibition of interest (riba), with insights into its global relevance.

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2. IFEC501 – Islamic Financial Transactions I (5 Credits)
Covers foundational Islamic contracts such as Murabahah, Musharakah, and Mudarabah, examining their ethical foundations, real-world applications, and Sharia-compliant regulatory frameworks.

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3. IFEC502 – Modern Financial Instruments (5 Credits)
Explores contemporary Islamic financial instruments including Sukuk, ETFs, forex, and REITs, addressing both asset-backed and asset-based products within global financial markets.

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4. IFEC503 – Wealth & Portfolio Management (5 Credits)
Guides students through financial planning for Muslims, covering personal investments, retirement strategies, and portfolio management with a focus on diversification and risk alignment.

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5. IFEC504 – Islamic Banking (5 Credits)
Introduces the structure, instruments, and ethical principles of Islamic banking, comparing it to conventional banking and analyzing regulatory environments through global case studies.

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6. IFEF505 – Home Financing and Real Estate (5 Credits)
Focuses on Sharia-compliant real estate financing models like Musharakah and Murabahah, examining ethical and economic implications using actual contracts and market examples.

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7. IFEF506 – Management & Accounting for IFIs (5 Credits)
Covers the operational, managerial, and accounting challenges in Islamic Financial Institutions, emphasizing regulatory compliance and ethical financial practices.

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8. IFEF507 – Risk Management for IFIs (5 Credits)
Analyzes credit, market, and operational risks unique to Islamic finance and explores strategies for mitigation within Islamic Financial Institutions.

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9. IFEF508 – Islamic Financial Ethics (5 Credits)
Highlights the moral and ethical responsibilities of professionals in Islamic finance, promoting values of honesty, fairness, and integrity in the workplace.

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10. IFEF509 – Islamic Corporate Finance (5 Credits)
Explores corporate financial decision-making within an Islamic framework, emphasizing risk-sharing, interest prohibition, and ethical investments.

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11. IFEF510 – Islamic Capital Markets (5 Credits)
Delves into the structure and functioning of Islamic capital markets, covering investment strategies, instruments, and regulatory frameworks.

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12. IFEF511 – Islamic Insurance – Products & Practices (5 Credits)
Explores the principles and operation of Takaful, providing a deep understanding of Islamic insurance models and their application in global markets.

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13. IFEF512 – Islamic FinTech and Digitalization (5 Credits)
Examines how technological innovation is shaping Islamic finance, focusing on topics like digital banking, blockchain, cryptocurrencies, and AI within a Sharia-compliant context.

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14. IFEF513 – Global Islamic Economics (5 Credits)
Focuses on the role of Islamic finance in global economic development, analyzing macroeconomic and microeconomic trends in Muslim-majority regions and the impact on equitable growth.