COMMERCE 4FZ3 - Islamic Finance

3 unit(s)

With rapid globalization, the world economy is becoming increasingly integrated across countries and societies with divergent economic practices. Predominantly Islamic countries are becoming important suppliers and users of financial capital. In this course, students will gain an appreciation of common Islamic financial concepts (Murabaha, Musharaka, Istisna) instruments (Sukuk), relevant legal (Western and Islamic) jurisprudence, and regulatory and disclosure standards.
Lectures (three hours)
Prerequisite(s): COMMERCE 3FA3 and registration in level III or above in any Honours Commerce, Engineering and Management program or Business Informatics program, or Level IV of the Commerce program, or the Minor in Finance.