“Schedule of activities”

MPhil (IBF) Islamic Financial Institutions (Issues and Challenges)

Session # Lecture contents Chapter & Assignments & class work
topics activities.
1 Introduction Foundational 1
Concepts, Islam's Concept of
Justice, Shari'ah—the Law
2 Islamic Economic and 2
Financial Systems, Modern
History of Islamic Banking
and Financial Services
3 FİNANCİAL INNOVATİON 3
AND ENGİNEERİNG İN Assignment no. 01
ISLAMİC BANKS: Require:
PRODUCT DEVELOPMENT A New development.
CRİTİCAL SUCCESS
FACTORS; TYPES OF
İNNOVATİON ACTİVİTİES;
INNOVATİON & FİNANCİAL
ENGİNEERİNG İN IFIs;
ACHİEVİNG MAQASİD AL-
SHARİAH THROUGH
PRODUCT DEVELOPMENT
AND FİNANCİAL
ENGİNEERİNG;
4 PRODUCT İNNOVATİON: 4 (I)
EXAMPLES OF
SUCCESSFUL PRODUCT
İNNOVATİON; BUSİNESS
OVERDRAFT; SUPPLY
CHAİN FİNANCE;
LİQUİDİTY PRODUCTS
FOR CENTRAL BANKS;
ISSUES WİTH
TRADİTİONAL MUDARABA;
RİSK MANAGEMENT;
5 Innovation & Financial 4 (II) Class work and Case study
Engineering in Islamic
Finance; new trends in
 Islamic financial innovation;
Definition of Wa’ad;
Promises;

6 Riba vs. ROR & ROE: 5 Assignment no: 02

Practice of formulas with
Concept of riba, promoting different scenarios.
profit and risk sharing,
Rate of return,
Return on equity.
Why IFI’s having less ROE
from conventional
banks/institutes.

7 Legal Capacity 6
Legal Maxims, Significance
and scope, Major sources
on legal maxims, Study of
five legal maxims.

8 Capital markets: 7 Reading assignment.03

Stock markets and Islamic
funds, Development of equity
market, Securitized market,
Sukuk, Crypto currency Vs
Crypto waqf,Non-Bank Financial
intermediation

9 Performance of Islamic 8 Assignment no. 04

Financial Services Require:
Why recession is occur and how
The Efficiency of Islamic IFI’s play an important role in
Banks, Performance of recession contrary to
Islamic Capital Markets, Conventional banks.
Performance in Crisis
Period, Inflation &
Recession, Performance in
late payments, Performance
in bearing higher costs and
bigger risk. Bank Failures
10 Regulation of Islamic 9 Class work & Case study
Financial Institutions

Introduction, Distinctive
Features of Regulating IFIs,
IFIs as Universal Banks,
Capital Adequacy
Requirement for IFIs, Bank
Supervision and Market
Discipline, Regulation of
IFIs: Looking Forward, Post-
Crisis Regulatory
Environment and Impact on
IFIs

11 Corporate Governance 10 Reading assignment:05

An Islamic Perspective:
Stakeholder-Oriented
Governance, The
Significance of Trust,
Corporate-Governance
Issues of IFIs, Lessons from
the Current Financial Crisis

12 Globalization and its Issues 11 Assignment no.06

and Challenges: Require:
First find out the new
Development of Theoretical challenges faced by IFI’s and
Foundation, Development of
then describe its way out.
Economic Institutions, Reluctance
to Promote Risk Sharing,
Financial System, Architecture
and Infrastructure, Limited Market-
Based Financial Intermediation,
Expanding Scope of Financial
Intermediation,
13 IFI’s Management: 12 Reading Assignment:07
Wealth Management, Risk
Management Framework and Risk
Mitigation techniques, Risk
limitations, Risk transference, Risk
acceptance, Regulatory and
Governance issue.
14 Necessaries of IFI’s: 13 Class work & Case study
Governance Committee for
Islamic financial institutions.
Governance principles for Islamic
financial institutions.
Corporate social responsibility,
Conduct and Disclosure for
Islamic financial institution.
15 Case studies of bankruptcies in 14 Class work & Case study
Islamic finance institutions:

Islamic international bank of

Denmark,
Ihlas Finance House shutdown,
Faisal bank closes operations in
UK.