B.Sc. In Islamic Banking And Finance 2012
B.Sc. in Islamic Banking and Finance 2012Program componentsCourse TypeCRDUniversity Requirement (UR)11College Requirement (CR)42Major Requirement (MR)272Major Elective (ME)Major Support Requirement(MSR)Minor 14%8%MajorSupportRequirement23%330General Studies Electives ---Minor Requirements (Minor)18Training (Yes)0MajorRequirement21%MajorElective2%Total Credit (CRD)1312Major Electives should be from 300 and 400 levels only, 3 credits from ME is a must for all students in this Major.Teaching Language: English & ArabicDetailed Study PlanYear 1 - Semester 1Course CodeCourse TitleCourseHoursCourse TypePrerequisiteMajor GPAACC 112Financial Accounting I3-0-3CR------NoECON 140Microeconomics3-0-3CR------NoENGL 145English for Business I3-0-3MSR------NoHRLC 107Human Rights2-0-2UR------NoISLM 101Islamic Culture3-0-3UR------NoYear 1 - Semester 2Course CodeCourse TitleCourseHoursCourse TypePrerequisiteMajor GPAACC 113Financial Accounting II3-0-3CRACC 112NoECON 141Macroeconomics3-0-3CRECON 140NoMATHS 103Mathematics for BusinessManagement I3-0-3MSR------NoLAW 104Principles of Law3-0-3Minor------NoENGL 146English for Business II3-0-3MSRENGL 145No1
Year 2 - Semester 3Course CodeCourse TitleCourseHoursCourse TypePrerequisiteMajor GPABIS 202Computers and BusinessInformation Systems3-2-3MSR------NoFIN 220Financial Management I3-0-3CRACC 113NoMGT 230Organization and Management3-0-3CR------NoMATHS 104Mathematics for BusinessManagement II3-0-3MSRMATHS 103NoMKT 261Marketing Management3-0-3CR------NoYear 2 - Semester 4Course CodeCourse TitleCourseHoursCourse TypePrerequisiteMajor GPASBF 270Islamic Banking and Finance3-0-3CRFIN 220YesLAW 238Commercial Law3-0-3MSR------NoARAB 110Arabic Language Skills3-0-3UR------NoENGLA 341Report Writing for Business3-0-3MSRENGL 146NoMKT 264Intermediate Marketing3-0-3CRMKT 261NoYear 3 - Semester 5Course CodeCourse TitleCourseHoursCourse TypePrerequisiteMajor GPASBF 271Islamic Law of Contracts3-0-3MRSBF 270YesMGT 233Organizational Behavior3-0-3CRMGT 230NoQM 250Introduction to Statistics3-0-3CRMATHS 104NoHIST 122Modern History of Bahrain andCitizenship3-0-3UR------NoLAW 315Commercial Law II (In English)3-0-3MinorLAW 238NoFIN 221Financial Markets and Institutions3-0-3CRECON 141 &FIN 220No2
Year 3 - Semester 6Course CodeCourse TitleCourseHoursCourse TypePrerequisiteMajor GPASBF 272Islamic Financial Services3-0-3MRSBF 271YesSBF 273Islamic Commercial Jurisprudence I3-0-3MRSBF 271YesSBF 371Riba and Forbidden Sales3-0-3MRSBF 271YesQM 350Operations Research3-0-3CRQM 250NoISLM 321Islamic Rules of Fiqh3-0-3MSR-NoFIN 320Financial Management II3-0-3CRFIN 221NoYear 4 - Semester 7Course CodeCourse TitleCourseHoursCourse TypePrerequisiteMajor GPALAW 317Commercial Law III (In English)3-0-3MinorLAW 315NoLAW 402Banking Law3-0-3MinorLAW 238NoSBF 372Fiqh of Zakat and Waqf3-0-3MRSBF 271YesSBF 373Islamic Commercial Jurisprudence II3-0-3MRSBF 273YesSBF 470Islamic Accounting Standards3-0-3MRACC 113YesISLM 420Shari'a's Intents3-0-3MSR------NoYear 4 - Semester 8Course CodeCourse TitleCourseHoursCourse TypePrerequisiteMajor GPALAW 415Commercial Arbitration3-0-3MinorLAW 238NoISLM 446Islamic Jurisprudence3-0-3MSR------NoSBF 473Islamic Commercial Jurisprudence III3-0-3MRSBF373YesLAW 416Law of Financial Institutions3-0-3MinorLAW 238NoSBF 472Islamic Insurance and RiskManagement3-0-3MRSBF 271YesSBF 3/4XXMajor Elective23-0-3MESBF 271Yes3
TrainingCourse CodeCourse TitleCourseHoursCourse TypePrerequisiteMajor GPASBF 399Internship for SBF Students0-0-0MR-TrainingCompletionof 111 creditYesList of Islamic Banking and Finnace Major Elective CoursesCourse CodeCourse TitleCourseHoursCourse TypePrerequisiteMajor GPASBF 370Islamic Capital Markets3-0-3MESBF 271YesSBF 377Companies in Islamic Jurisprudence3-0-3MESBF 271YesSBF 378Business Ethics and Corporate SocialResponsibility in Islam3-0-3MESBF 271YesSBF 478Corporate and Shari’a Governance3-0-3MESBF 271YesSBF 479Current Issues in Islamic Banking3-0-3MESBF 271YesCourse DescriptionCourse Code: SBF 270 Course Title: Islamic Banking and FinancePrinciples of Islamic banking, alternatives of interest-free banking; application of alternative methods of investment;a comparative study of conventional banking; current issues and future of Islamic banking; structure of the industry;regulation of Islamic banks; accounting standards for Islamic banking; role of Islamic banks in the development of aneconomy and challenges facing Islamic banks.Course Code: SBF 271 Course Title: Islamic Law of ContractsMoney and property in Islamic Sharia, contract being the reason for property, contract divisions and effects, acomparative study of sale contracts, the legitimate and forbidden contracts, contract cancellation choices, types ofcompanies, and law of contracts in common Law.Course Code: SBF 272 Course Title Islamic Financial ServicesServices provided by commercial banks and the alternatives provided by Islamic banks such as: credit cards, transferof debt, letters of guarantee, letters of credit, documentary credit, and agency and loan.Course Code: SBF 273 Course Title: Islamic Commercial Jurisprudence IIslamic financial contracts of sale (Albai’), Murabaha, Salam, Istisna’, Sarf (money exchange), Sukuk (Islamic bonds),Iqala (cancellation), and Muzara’a; role of Islamic ethics in financial contracts; and comparison of Islamic financialcontracts with Shari’a standards such as that of Accounting and Auditing Organization for Islamic FinancialInstitutions (AAOIFI).Course Code: SBF 370 Course Title: Islamic Capital Markets (Elective Course)Structure of Islamic capital markets and financial institutions and instruments, historical development, role ineconomic development, and capital mobilization by Shari’a compliant products in the equity and debt markets.4
Course Code: SBF 371 Course Title: Riba and Forbidden SalesDefinitions, types, causes of prohibition, socio-economic consequences, and the negative impact of Riba (usury) andother prohibited sale contracts in Islam compared to interest-based economic systems.Course Code: SBF 372 Course Title: Fiqh of Zakat and WaqfZakat value system, concept, provisions, reasons, conditions, obligations, calculation, collection, distribution, andreporting; Waqf value system, concept, provisions, reasons, conditions, and impact on economic life and socialwelfare, role of the state and private sector in its development; and Zakat and Waqf modern issues.Course Code: SBF 373 Course Title: Islamic Commercial Jurisprudence IIIslamic financial contracts of loan (Qardh), lease (Ijara), Ju'ala, agency (Wekala), personal guarantee (Kafala), moneytransfer (Hawala), mortgage (Rahn), and role of Islamic ethics in financial contracts, comparison of Islamic financialcontracts with Shari’a standards such as the AAOIFI.Course Code: SBF 377 Course Title: Companies in Islamic Jurisprudence (Elective Course)Islamic law definition of a company, company establishment, type of companies, difference between company andpartnership, and allowable and unallowable purchase of shares or stock.Course Code: SBF 378 Course Title: Business Ethics and Corporate Social Responsibility in Islam(Elective Course)The concept of business ethics, cultural background of business ethics, bribery and corruption, corporate dishonesty,global business ethics, business codes of conduct, business ethics in Islam, and contemporary issues and challengesrelated to business ethics and corporate social responsibility.Course Code: SBF 399 Course Title : Internship for Islamic Banking StudentsPractical training for 8 weeks for students in the Islamic Banking program. Training can be taken only aftercompleting at least 111 credit hours.Course Code: SBF 470 Course Title: Islamic Accounting StandardsPrinciples, concepts, constraints, methods, and techniques of accounting in accordance with Islamic Sharia principlesand standards, and review of Islamic accounting standards of the AAOIFI compared to International FinancialReporting (IFR) standards.Course Code: SBF 472 Course Title: Islamic Insurance and Risk ManagementConventional insurance and re-insurance; Islamic insurance and re-insurance (Takaful) concept, principles, types,operational modes, applications, market structure, undertakings, constraints, opportunities, subscription, claimsmanagement, surplus distribution, risk management, and actuarial concepts and practices.Course Code: SBF 473 Course Title: Islamic Commercial Jurisprudence IIIIslamic financial contracts of gift (Hiba), deposit (I'da'), lending (I'ara), amicable dispute settlment (Sulh), quitclaim(Ibra'), Istihqaq, settlement of debt by set-off (Maqasa), compulsion (Ikrah), and preemption (Shuf'a), role of Islamicethics in financial contracts, and comparison of Islamic financial contracts with Shari’a standards such as the AAOIFI.Course Code: SBF 478 Course Title: Corporate and Shari’a Governance (Elective Course)Corporate and Shari’a governance and transparency of Islamic Banking and Finance, supervisory and regulatoryissues, the role of Shari’a Board, Shari’a compliance and audit, accounting and taxation, and challenges andregulatory impediments facing Islamic banks around the world with a special reference to the requirements of theCentral Bank of Bahrain (CBB) and the AAIOFI standards.Course Code: SBF 479 Course Title: Current Issues in Islamic Banking (Elective Course)Contemporary issues in Islamic Banking and Finance are addressed and a series of guest speakers are to be invitedbring professional, academic and industrial experience to the classroom. Students are expected to complete anindependent research project and/or prepare a case study based on a real-life experience.5
College Requirement Courses DescriptionsCourse Code:ACC 112Course Title:Financial Accounting IA survey of the accounting cycle; recording changes in financial position; ledger; journal; trial balance; incomemeasurement; adjusting and closing entries; accounting for merchandising operations; special journals andsubsidiary ledgers; accounting for cash; receivables; inventories; plant and equipment.Course Code:ACC 113Course Title:Financial Accounting IIAccounting for partnerships and corporations: capital stock; dividends and retained earnings; long term liabilitiesand investment; statement of changes in financial position; cash flows, analysis and interpretation of financialstatements, manufacturing accounts.Course Code:ECON 140Course Title:MicroeconomicsIntroduction to economic concepts, the economic way of thinking, decision-making, the study of scarcity,opportunity cost, how prices are determined and why they change, factors determining cost and the nature of costs,and how firms, under different market conditions, make price and output decisions in short run and long run.Course Code:ECON 141Course Title:MacroeconomicsThe study of the determination and systematic movement of broad aggregates such as total output, nationaleconomic growth, unemployment and inflation. How macroeconomic policies such as fiscal and monetary policiesaffect the economic aggregates. The measurement of macroeconomic variables, unemployment, determinants ofreal GDP and price level, fiscal policy, money, banking and monetary policy.Course Code:FIN 220Course Title:Financial Management IFunctions of finance, legal and tax environments, role of financial markets, compound interest and present value,theory of financial valuation, basics of capital budgeting, financial analysis and planning, working capitalmanagement, short-term financing.Course Code:FIN 221Course Title:Financial Markets and InstitutionsIntroductory analysis of financial intermediation: the flow of funds in the economy, determination of interest rates,money and capital markets, commercial banking, thrift institutions, savings banks, credit unions and money marketfunds, and many other financial intermediaries including brokers and dealers.Course Code:MGT 230Course Title:Organization and ManagementOverview of management theories and practices; introduction to the study of organizational structures;management functions and processes within an action frame of reference; organization design, planning and controlsystems; leadership and employee motivation; decision-making models, the management of change.Course Code:MGT 233Course Title:Organizational BehaviorHuman factors in management: organizational and personal goals; job satisfaction and productivity, contribution ofthe behavioral sciences to management functions and processes with special reference to employee motivation;management of change and organizational development.Course Code:MKT 261Course Title:Marketing ManagementElements of marketing management: the marketing system and the marketing environment; analysis of consumerand industrial markets; marketing research and marketing information systems; market segmentation. Themarketing mix: product decisions, pricing decisions, distribution decisions and promotion decisions, internationalmarketing in non-profit organizations.Course Code:MKT 264Course Title:Intermediate MarketingMajor issues in the marketing philosophy and orientation; managing the marketing mix; buyer-seller relationship;managerial implications of various decisions paradigms and models used in business marketing management.Course Code:QM 250Course Title:Introduction to StatisticsIntroduction to descriptive statistics; measures of central tendency; measures of variation; probability theory;probability distributions; discrete population probability distribution; binomial; poisson; normal and standard6
normal distributions; estimation; and confidence interval testing hypotheses, simple linear correlation andregression analysis.Course Code:QM 350Course Title:Operations ResearchLinear programming; sensitivity analysis; transportation and assignment models; network analysis; PERT/CPMtechniques; decision analysis and simulation.Major Support Courses DescriptionsCourse Code:ENGL 145Course Title:English for Business IENGL 145 is an English for Academic Purposes (EAP) program within the Business Administration discipline. Its focusis to develop students’ reading and writing skills and build their business-related vocabulary.Course Code:ENGL 146Course Title:English for Business IIThis course emphasis on reading skills, vocabulary building, grammar, and writing in a business context. The courseaims to improve and develop students’ language skills to enable them to communicate effectively in variousbusiness contexts.Course Code:ENGL 341Course Title:Report Writing for BusinessEnglish 341 offers a theoretical and practical experience of academic report writing within the discipline of BusinessAdministration. It uses a step by step approach to develop students’ skills in research (primary and secondary),analysis, writing and presentation.Course Code:MATHS 103Course Title:Mathematics for Business Management IThis course covers: Review of Algebra. Fractions, Exponents, Fractional Algebraic operations, Factors, LinearEquations, Quadratic Equations. Straight Lines, Functions and their graphs, Logarithms and Exponentials, ArithmeticProgressions and simple Interest, Geometric Progressions and Compound Interest. Permutations and Combinations.The Binomial Theorem, Matrices, Multiplication of Matrices, the Inverse of a Matrix, Determinants.Course Code:MATHS 104Course Title:Mathematics for Business Management IIThis course covers: The Derivative: Limits, Continuity and Differentiability, Calculation of Derivatives, Optimizationand Curve Sketching, More on Derivatives, Integration, Method of Substitution, Integration by Parts, DefiniteIntegral, Areas under a Curve, Applications to Business and Economics.Course Code:BIS 202Course Title:Computers and Business Information SystemsProvide the student with basic understanding of computers and information systems. Show how and whyinformation technology is critical to solving information systems related problems. Introduce MS-Windowsenvironment and Windows-based applications.Course Code:LAW 238Course Title:Commercial Law البيوع التجارية : العقود التجارية . التزامات التاجر ، نظرية التاجر ، أنواع األعمال التجارية ، نظرية األعمال التجارية ، نطاق القانون التجاري ومصادره ، الوكالة بالعمولة ، عقود الوساطة التجارية (الوكالة التجارية ،) بيع األوراق المالية ، االيجار ، بيع ، بيوع المزاد والتصفية والتقسيط - (القواعد العامة . عقد النقل ،) وكاالت السفر والسياحة ، السمسرة 7
University Requirements Courses DescriptionsCourse Code: ARAB 110Course Title: Arabic Language SkillsThis course focuses on basic Arabic skills including form, function, and meaning. It also helps the student toappreciate and understand structures and approach them from a critical point of view, through various genres inliterature.Course Code: HIST 122Course Title: Modern History of Bahrain and CitizenshipSpatial identity of Bahrain: Brief history of Bahrain until the 18th century; the historical roots of the formation of thenational identity of Bahrain since the 18th century; the modern state and evolution of constitutional life in Bahrain;the Arabic and Islamic dimensions of the identity of Bahrain; the core values of Bahrain’s society and citizenshiprights (legal, political, civil and economic); duties; responsibilities and community participation; economic changeand development in Bahrain; Bahrain’s Gulf, Arab and international relations.Course Code: HRLC 107Course Title: Human RightsThis course deals with the principles of human rights in terms of the definition of human rights, scope, sources witha focus on the International Bill of Human Rights; The Charter of the United Nations; Universal Declaration of HumanRights; The International Covenant on Economics, Social and Culture rights; Convention against Torture and otherCruel, Inhuman or Degrading Treatment or Punishment; Mechanics and the Constitutional Protection of Rights andPublic Freedoms in Kingdom of Bahrain.Course Code: ISLM 101Course Title: Islamic CultureAn introduction to the general outline and principles of Islamic culture, its general characteristics, its relationshipswith other cultures, general principles of Islam in beliefs, worship, legislation and ethics.8
3-0-3 MSR ----- No LAW 104 Principles of Law 3-0-3 Minor ----- No ENGL 146 English for Business II 3-0-3 MSR ENGL 145 No B.Sc. in Islamic Banking and Finance 2012 University Requirement 8% College Requirement 32% Major Requirement 21% Major Elective 2% Major Support Requirement 23% Minor 14%
The Evolution of Islamic Banking System in Muslim countries: Before describing the evolution of the Islamic banking it is important to understand what Islamic banking is and what are its principles or features. 1.1) What is Islamic Banking? Islamic Banking is banking or financing activity that is based on Shariah (Islamic Law) and all
Products offered by Islamic Banking Branches of Conventional Banks 61-129 4 Important terms on Islamic Banking 130 Disclaimer: The document is prepared for general information only. The information provided in this document is subject to change by the Islamic Banking Institutions (IBIs) and may not exactly match the IBI's
Islamic Banking Bulletin October - December 2020 1 Progress & Market Share of Islamic Banking Industry Overview During the quarter under review (October-December 2020), the asset base of Islamic Banking Industry (IBI) grew by 12.1 percent (Rs. 461 billion) and reached Rs. 4,269 billion. Similarly, the
Islamic Grave Voodoo 57 Allah Will Grow Humans from their Graves 57 Islamic Interrogation in Graves 58 Islamic Torment in Graves 59 Islamic Rewards in Graves 61 CHAPTER 8 63 Islamic Medicine Voodoo 63 Islamic Cauterizing and Cupping 63 The Qur'an and Honey are Cures for All Illness 65
Answer: Islamic banking is defined as banking system which is in consonance with the spirit, ethos and value system of Islam and governed by the principles laid down by Islamic Shariah. Interest free banking is a narrow concept denoting a number of banking instruments or operations which a
based banking and Islamic banking as largely discussed by numerous scholars and researches. Conversely, ethical banking is essentially believed to be a concept which comprises of a banking system that embraces environmentally and socially conscious practices. Wilson (1997) deliberate that ethical investment products is a
Introduction 3-1 3. Introduction Islamic Banking is a banking system that is based on the principles of Shariah (Islamic law) and guided by the Islamic economics. The Shariah Laws provide guidance on each and every aspect of human life, and the laws which govern and guide financial and commercial transac
stakeholders. The value of global Islamic banking assets reached an estimated USD1.48tln as at 1H2014, having recorded a CAGR of 16.89% between 2008 and 2013. The largest Islamic banking markets are in in the Middle East and North Africa (MENA) region and Asia: MENA (ex-GCC) accounts for 42.9% of the total Islamic banking assets worldwide; the Gulf
