Overview
This module is designed to ensure that students who have completed Foundations of Islamic Banking and Finance are able to understand how the principles learned are applied in practice, whilst ensuring that students are familiar with the contractual principles used in all Islamic finance agreements.
The syllabus provides an introduction to the main Islamic contractual principles and how they developed. It also charts the restrictions which are imposed on all Islamic finance agreements, and the rationale behind these restrictions. Students will be introduced to the following topics: the doctrines of Islamic commercial and contract law, the autonomy of the will and freedom of contract principles from Islamic law perspective.
The module further explores the five main divisions of Islamic financial alternatives which will be analysed in comparison with the conventional banking products, before considering some of the legal difficulties that the operations of Islamic banking encounter.
Course details
Cost
The cost of this module depends on the study method you choose:
Web-supported learning
£485.00
Flexible learning
£535.00
Next course start date
Course start date yet to be confirmed.
Module registration deadline 1 February 2012 (existing students)
Course duration
150 study hours, assessment to be completed within 6 months of registration
Credits
15 credits
Studying for this module
The overall study time for this module is 150 hours. The examination will be held 6 months after the course start date in which time you can work through the course materials. This module must be successfully completed within 12 months of the course start date.
Learning support
There are 2 study methods available for this module.
- Web-supported learning: a more flexible approach to studying, which allows you to fit your learning around your job and other commitments. You will be supported by a web tutor who can provide guidance on how to study and answer any questions you have about the course content via our secure website.
- Flexible learning: allows you to fit your studies around your life but still benefit from face-to-face contact with a tutor. A series of 2, 1 day workshops, run by specialist tutors, are scheduled at regular intervals throughout the course of study. Workshops cover specific module topics and are an opportunity to ask questions and meet other students.
Learning resources
For each module you will receive a core text, written by industry experts and updated regularly to reflect the fast-changing nature of the financial services industry. Learning materials are developed specifically around each module syllabus and learning outcomes.
Through the ifs secure website you will have access to the following additional resources:
- student induction materials that provide guidance study skills and tips on preparing for assessment
- our e-library, ifs KnowledgeBank, which contains a wide range of current research and management data to help you with your studies. It gives you the opportunity to access a wealth of study material, which includes textbooks, financial glossaries and articles from leading journals. ifs KnowledgeBank is an important tool in enabling you to expand your knowledge and read around particular subject areas
- module discussion forums – you can use these to post questions to a web tutor, raise a query with the ifs or chat to other students
- knowledge-assessment quizzes
- electronic copies of learning materials giving you greater flexibility to choose when and where you study
- specimen assessment material
Assessment
This module is assessed by a 2-hour written examination. View examination centres or contact Admissions, Academic Management and Student Services Office on +44 (0) 1227 829499 if there is not a centre near you.
Further details
View the Practice of Islamic Banking and Practice summary syllabus.
View the full-length Practice of Islamic Banking and Finance module specification, which also includes the syllabus for the Professional Certificate in Banking.
If you are already registered for this module you should refer to your course website to view the module specification that relates to your session of study. You will need to log on to my ifslearning to access the course website for your module.
Click to view the short answer sample assessment.
View other FHEQ Level 4 modules.