This course provides basic knowledge of the Islamic economic system and principles of Islamic economics, including finance, and banking. Students acquire knowledge and develop skills necessary to appreciate an alternative to a commonly familiar approach to interpreting the economic behaviour of human beings in society. Students probe liberally outside the frontiers of familiar forms of capitalist and socialist systems throughout the course. Through a series of lectures, case studies, interactive learning activities and active discussions, students develop a basic understanding of principles governing Islamic Economics and Finance, the history of the field, its growth and place in the world economy. Topics of learning and discussion include modes of financing (e.g., debt and equity-based, etc.), their unique attributes, Islamic and conventional banking, finance, and insurance among others.