1. IEFC500 – Islamic Finance Principles: This course provides a comprehensive introduction to the principles of Islamic finance, with particular attention to the ethical and legal frameworks that distinguish it from conventional finance. Students will explore key concepts such as risk-sharing, profit-and-loss sharing, and the prohibition of Riba (interest). Through practical examples and real-world applications, students will gain insight into the growing role and significance of Islamic finance in the global economy.

 

2. IFEC501 – Islamic Financial Transactions I: This course provides an in-depth exploration of the principles and practices of Islamic financial transactions, with a focus on key contracts and structures such as Murabahah, Musharakah, and Mudarabah. Students will examine the ethical foundations of Islamic finance, relevant regulatory frameworks, and the application of Sharia-compliant financial products in contemporary markets. Through case studies and practical applications, students will develop a strong understanding of how Islamic financial transactions operate within the global financial system.

 

3. IFEC502 – Modern Financial Instruments: This course explores contemporary financial instruments, investment products, and services, including Sukuk, exchange-traded funds (ETFs), foreign exchange (forex), and real estate investment trusts (REITs). Students will examine their economic impact and the regulatory and Sharia-compliance considerations associated with these instruments. Through case studies and practical exercises, students will develop an understanding of both asset-backed and asset-based structures and how modern financial instruments can operate within an Islamic finance framework.

 

4. IFEC503 – Wealth & Portfolio Management: This course provides a comprehensive framework for financial planning and wealth management from an Islamic perspective. Topics include personal investments, taxation, estate planning, and retirement planning. The course also introduces key principles of portfolio management, including diversification, asset allocation, risk assessment, and ongoing portfolio monitoring. Students will learn how Islamic wealth managers can align financial strategies with clients’ goals, risk tolerance, and Sharia principles.

 

5. IFEC504 – Islamic Banking: This course explores the principles and practices of Islamic banking, focusing on its ethical foundations, financial structures, and regulatory frameworks. Students will examine the differences between conventional and Islamic banking systems and analyze case studies highlighting the development, operations, and performance of Islamic banking institutions. Particular attention will be given to the regulatory environments and Sharia principles that guide Islamic banking practices.

 

6. IFEF505 – Home Financing & Real Estate: This course examines the contemporary Islamic home financing and real estate market, with particular attention to Sharia-compliant structures such as Musharakah, Murabahah, and Sukuk. Students will analyze the ethical, economic, and social implications of various financing models through the review of real-world home financing structures and contracts. The course provides students with a practical understanding of how Islamic finance principles can be applied to real estate financing, investment, and property ownership.

 

7. IFEF506 – Management & Accounting for IFIs: This course examines the management and accounting challenges faced by Islamic Financial Institutions (IFIs) and how financial professionals address these challenges while maintaining Sharia-compliant practices. Students will explore contemporary management issues, regulatory environments, accounting considerations, and ethical responsibilities unique to Islamic finance. The course is designed to develop the knowledge and skills necessary to effectively manage and account for financial activities within Islamic financial institutions.

 

8. IFEF507 – Risk Management for IFIs: Effective risk management is an essential component of modern financial institutions, including Islamic Financial Institutions (IFIs). This course examines the unique risks associated with Islamic finance, including credit, market, liquidity, and operational risks. Students will explore strategies for identifying, assessing, and mitigating these risks while maintaining compliance with Sharia principles. Through case studies and practical exercises, students will develop the skills necessary to navigate risk within an evolving global financial environment.

 

9. IFEF508 – Islamic Financial Ethics: This course examines the ethical and professional responsibilities of individuals working within the Islamic finance industry. Students will explore the moral and ethical framework that guides Islamic financial practices, with particular emphasis on integrity, fairness, transparency, accountability, and professional conduct. The course emphasizes the responsibility of finance professionals to represent their institutions ethically while upholding the principles and values of Islamic finance.

 

10. IFEF509 – Islamic Corporate Finance: This course explores the principles and practices of corporate finance within the framework of Islamic law. Students will examine key concepts such as risk-sharing, Sharia-compliant investment, ESG considerations, and the prohibition of interest. Through theoretical discussions and case studies, students will analyze how Islamic finance principles influence corporate strategies, financial decision-making, capital structures, and investment practices in contemporary organizations.

 

11. IFEF510 – Islamic Financial Transactions II: This advanced course builds upon the principles introduced in Islamic Financial Transactions I and examines more complex financial transactions within a Sharia-compliant framework. Students will explore concepts such as Riba and Gharar in greater depth and analyze their implications for contemporary financial products and practices. Topics include complex financial structures, risk management, ethical investment considerations, and the evolving role of Islamic finance in global markets and sustainable development.

 

12. IFEF511 – Islamic Capital Markets: This course provides an in-depth examination of Islamic capital markets, including their structures, instruments, operations, and regulatory frameworks. Students will explore Sharia-compliant investment practices, capital market instruments, investment strategies, and risk management approaches. Particular attention will be given to the evolving role of Islamic capital markets within the global financial system and the opportunities for research and innovation within the field.

 

13. IFEF512 – Islamic Insurance: Products & Practices: This course provides a comprehensive introduction to Islamic insurance (Takaful), an increasingly important component of the global Islamic finance industry. Students will examine the principles, structures, products, and practices associated with Sharia-compliant insurance. The course also explores contemporary developments within the Takaful industry and is particularly relevant for students, researchers, and professionals seeking to understand Islamic insurance products and their role within modern financial markets.

 

14. IFEF513 – Islamic FinTech & Digitalization: This course examines recent developments in financial technology and their impact on the Islamic finance industry. Students will explore the opportunities and challenges associated with maintaining Sharia compliance in an increasingly digital financial environment. Topics include cryptocurrencies, blockchain technology, digital financial services, and the emerging role of artificial intelligence in both conventional and Islamic financial systems. Through theoretical and practical perspectives, students will examine how FinTech is being used to develop innovative financial solutions, improve efficiency, and create new opportunities for growth within the Islamic finance industry.

 

15. IFEF514 – Global Islamic Economics: This course examines the impact and role of Islamic finance within the global economy, with particular attention to Muslim-majority countries where Islamic economic and financial principles have become increasingly influential. Students will explore both macroeconomic and microeconomic perspectives while analyzing contemporary challenges and opportunities facing Islamic economies and financial systems. The course also considers the integration of Islamic finance within diverse economic environments and its potential contribution to equitable and sustainable global economic development.