Emir Camdzic

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This module will introduce you to Islamic law related to business transactions. The methodologies and concepts of Islamic law will be investigated to provide in-depth knowledge related to various Islamic business transactions. You will gain an critical understanding of fiqh al-mu’amalat. You will develop an in-depth knowledge of Islamic schools of thoughts and usul al-fiqh. The concept of riba (interest) and gharar (ambiguity) and contemporary related issues will be critically explained and discussed. In addition you will gain enhanced knowledge and skills in the application of Islamic commercial and financial transactions. The module will also evaluate current Islamic finance issues related to Sharia governance and regulation. This module serves to develop employability skills with particular emphasis on the following: 1. Communication Skills (DTA) 2. Teamwork (D) 3. Organisation and Planning (DTA) 4. Self Awareness (D) 5. Initiative (DTA).

Taught (T), Developed (D) and Assessed (A).

This module will help you to develop a critical understanding of the concepts and practical operations of the Islamic financial sector. It will also help you to critically assess the unique issues associated with Islamic financial products and operations. In addition, you will be able to identify the risk elements related to Islamic financial products and mitigation techniques relating to Islamic banking. You will also develop a clear understanding of Zakat and Waqfand their crucial role within the Islamic financial sector. This module will also help you to extend your analytical skills to assess the developments and contemporary issues related to the Islamic capital market and Sukuk. An introduction to takaful will be delivered giving an in-depth knowledge of the prohibited elements in conventional insurance from an Islamic perspective. Takaful models will be explored and discussed to enhance critical understanding of this important area of Islamic Finance. Corporate governance and regulations will be comprehensively introduced followed by issues and challenges faced by the Islamic finance and investment sector.