FM7106: Contemporary Issues in Islamic Finance


Please note this module descriptor is indicative of the structure of this course and may be subject to change.

FM7106: Contemporary Issues in Islamic Finance

Module Title Contemporary Issues in Islamic Finance
Module Code FM7106
Module Tutor Dean Williams
School Business School
CAT Points 15
Level of Study 7
Brief Description

Finance is constantly developing and changing, greatly influenced by external factors in a global market place.  This module will allow students to analyse contemporary issues in Islamic finance  to underpin informed discussion and debate.

Indicative Syllabus

The focus will be on current, up-to-date issues that impact on contemporary practices within Islamic finance which students will have the opportunity to critically evaluate.

By the end of the module students will be able to express qualified opinions on many contemporary issues, in addition to evaluating the implications for further academic research and industry practice.  

Specific topics will reflect a range of contemporary issues, but are likely to include: globalisation and its impact upon Islamic finance, taxation, regulation and Islamic finance and the future for Islamic finance in Western capitalist society

Learning Outcomes

By the end of this module, students should be able to:


  1. Consolidate and extend knowledge  and understanding of the theory and conceptual foundations of Isalmic finance.
  2. Demonstrate a critical, ethical and reflective approach to the field of Islamic Finance and review the impact of recent developments.
  3. Evaluate, synthesise and apply the contemporary theories and empirical evidence concerning Isalmic Finance to a range of complex and open ended issues, problems and situations.
  4. Critically evaluate the impact of Islamic finance and recognise the role of the Islamic financial institutions in the financial sector.
  5. Apply, with a degree of creativity and sophistication, intellectual, transferable and subject/professional skills to a range of complex and open-ended  problems and situations in the field of Isalmic Finance. 
Learning and Teaching Activities Scheduled Contact Hours: 30
Independent Learning Hours: 120
Assessment (For further details see the Module Guide) 001: 20% Coursework: Group work, presentation: 15 minutes
002: 80% Coursework: Individual, standard written: 2,500 words or equivalent
Special Assessment Requirements
Indicative Resources The current reading list can be found in the Module Guide, which your lecturer should make available via Moodle.

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