:Module One
Basic Islamic Issues and Principles
a) Sources of Islamic Sharee‘ah
b) Shooraa
c) Principles of Halaal & Haraam
d) Prohibition of Riba
e) Prohibition of Al‘eenah vs. Tawarruq
f) Sharikaat (Companies)
g) Main rules of Islamic Finance
h) Gharer Transactions
i) Zakaah and Charity
j) Moral values and Ethics
:Module Two
Basic Economic Issues From An Islamic Perspective
The economic Problem (limited resources and unlimited wants)
The Three Economic Questions (what, how & for whom to produce)
a) Factors of Production
b) Scarcity Choice and Opportunity Cost
c) Production Possibility Frontier
d) Types of Economic Systems
e) The Circular Flow of Economic Activity
f) Business Cycle
:Module Three
Basic Treatment of Money & Islamic Banking Issues
a) Money
b) Barter
c) Definition of Money and Its Economic Role
d) Functions of money
e) Inflation and Deflation
f) Index Number
g) Quantity Theory of Money
h) Banking
i) Sorts of Banks
j) Commercial Banks and Their Functions
k) How Banks Create Money
l) Liquidity vs. Profitability
m) Central Banks
n) Credit Control
o) The Capital Market
q) Forms of Capital
r) Forms of Financial Markets
s) Capital Market & Investment Decisions
t) Steps of Investment Decision Process
:Group Exercise
:Module Four
Islamic Banking & Finance
Subjects Related to Islamic Banking (Islamic & Other Subjects)
a) Fundamentals of Islamic Banking
b) Historical Background of Islamic Banking
c) Establishment Of Islamic Banks
?d) How Islamic Banks Operate
e) UAE Islamic Banking Law
f) Sharee‘ah Board
g) Mudaraabah
h) Muraabahah and Other Forms of Amaanah Trade
i) Amaanah & Value Added
:Module Five
Islamic Banking & Finance
a) Muraabahah vs. Interest Financing
b) Salam Form
c) Istisnaa‘ Form
d) Ijaarah Form Accounts Comparison
e) Islamic vs. Interest Based Banking
f) Islamic Banking and the Judgment Criteria
g) Islamic Stock Market
h) Problems Facing Islamic Banks
i) Takaaful
j) Sukuk
:Group Exercise
Final Examination
The final examination will be in a Multiple-Choice format