IFB-01: Introduction to Banking, International Banking and Finance

This course covers the current global financial system from a variety of angles, and keeping in the mind the angle of interest of Islamic Finance and Banking students. This course uses atypical material to emphasize the concept of debt as the source of synthetic currency.

• Credit value: 3 (US standard) | 6 (ECTS standard)
• Indicative duration (full time): 4-6 weeks
• Indicative duration (part-time): 5-8 week
• Certificate: Yes

This course is based on standard EUCLID methodology. Students may refer to the following resources:

Academic Guidelines (HQ version)
Academic Guidelines (most recent version even if unofficial)
Student Orientation Guidelines (most recent version even if unofficial)
Zotero instructions for EUCLID students
Grammarly instructions for EUCLID students

At the end of this course, the student will be able to:

• discuss the concepts and actual practice of traditional banking
• discuss the features of the global financial system, including actors
• elaborate on the concept of creation of money and the challenge posed by systemic debt.

Course material is provided in the form of embedded videos, audio MP3s, and/or downloadable PDFs.