IEF 403 Islamic Investment and Markets
Islamic investing is founded upon the principles of Islamic finance, which strive to cater to investors' financial needs while upholding integrity, fairness, trustworthiness, and honesty. This course comprehensively explores Islamic investment and financial markets, encompassing various sectors such as money, bond and sukuk, stock, foreign exchange, derivatives, and commodities markets. Throughout the course, students delve into the fundamental principles and regulatory frameworks that underpin Islamic financial markets. They gain insights into collective investment schemes and examine case studies of Islamic securities. By engaging with the rich history of Islamic investment and analyzing the perspectives of Muslim thinkers and theoreticians, students develop a deep understanding of investment theories and market policies rooted in the Islamic investing discipline. A focal point of the course is exploring the disparity between Islamic principles and their practical implementation within the investment realm. Through in-depth case studies and contemporary applications, students critically evaluate the shift in attitudes towards Shariʿah compliance. By scrutinizing the challenges faced by the Islamic investment industry in modern times, students develop a nuanced understanding of the complexities associated with aligning investment practices with Islamic values. Beyond theoretical concepts, the course also addresses the significance of responsible investment and its correlation with social and moral values. Students explore the meanings and diverse types of investment vehicles within an Islamic context. By examining real-world examples, they gain practical insights into ethical investment practices and their impact on wealth distribution. Among the key topics, the course covers Principles and regulations of Islamic financial markets, Exploration of money, bond and sukuk, stock, foreign exchange, derivatives, and commodities markets, Collective investment schemes and case studies of Islamic securities, Historical perspectives and theories of Muslim thinkers on investment and market policies, Analyzing the gap between Islamic ideals and practical implementation in investing, Shifting attitudes towards Shariʿah compliance through contemporary applications, Challenges faced by the Islamic investment industry in modern times, Responsible investment and its connection to social and moral values, and Understanding different investment vehicles within an Islamic framework. In this transformative course, students will not only gain a deep understanding of Islamic investment and financial markets but also develop the necessary skills to navigate the complex landscape of ethical investing with confidence and integrity.
Learning Outcomes
Analyze the regulatory framework governing Islamic money and capital markets to assess its impact on investment decisions and financial transactions.
Evaluate and critique Islamic money and capital market instruments by applying economic and Shari’ah principles, ensuring compliance and ethical considerations.
Construct and develop innovative structures for Islamic money and capital market instruments by utilizing the principles and concepts learned throughout the course.
Utilize appropriate methodologies to calculate the value and yield of Islamic money and capital market instruments, facilitating informed investment decisions.
Collaborate effectively in teams, demonstrating analytical skills, to analyze and structure Islamic money and capital market instruments, fostering a dynamic and inclusive work environment.
Reflect critically on their own learning experiences and personal growth, recognizing the impact of Islamic investment principles on their ethical decision-making.
Communicate research findings, both in written and oral forms, effectively and persuasively, employing appropriate academic and professional standards.
Demonstrate proficient presentation skills by effectively delivering structured and engaging presentations on Islamic investment concepts, theories, and case studies.
Employ advanced research skills to gather, evaluate, and synthesize relevant information from diverse sources, enhancing their ability to make well-informed investment decisions.
Apply ethical and responsible investment principles, taking into consideration social and moral values, and advocate for sustainable and equitable wealth distribution in Islamic investment practices.
Apply interpersonal and communication skills to cultivate positive relationships with diverse stakeholders.
Analyze and select suitable career or graduate study paths aligned with personal and professional goals.
Demonstrate the ability to build and maintain positive working relationships and establish meaningful connections with the College, students, the community, community partners, and professionals from other fields.