ISF-440: Foundations and Principles of Islamic Finance

This course provides a comprehensive introduction to Islamic Banking and Finance, based on the following industry-standard textbooks and publications:

An Overview of Islamic Finance (US Treasury occasion papers)

Understanding Islamic Finance (The Wiley Finance Series)

by Muhammad Ayub (Author)

Islamic Finance: Theory and Practice (may not be available at an affordable price – consult with instructor if the price is more than USD50)

by Paul S. Mills (Author), John R. Presley (Author)

The Politics of Islamic Finance

by Clement Henry (Editor), Rodney Wilson (Editor)

Islamic Finance in the Global Economy

by Ibrahim Warde

At the end of this course, the student will understand the following concepts and be able to express them clearly, with the ability to show their interconnection:

• Principles of Islamic Banking and Finance
• Difference between Western and Islamic financial principles and instruments
• Current methods of Shari’ah compliant financing
• Key terms used in Islamic Finance * (see links below for review)

http://www2.standardandpoors.com/spf/pdf/media/Glossary_IslamicFinanceTerms.pdf

http://www.sbp.org.pk/departments/ibd/glossary.pdf

http://www.trowers.com/attachments/published/2794/Glossary%20of%20Islamic%20Terms.pdf