Modules Offered in Semester II, 2009/2010

Faculty of Business , Economics & Policy Studies

Module Code

Module Name

Business Statistics
Information System Concepts
Corporate Communication
Challenging Leadership
Creativity and Innovation in Business
Proactive Leadership
Operation and Production Management
Financial Management
Management Information Systems
Human Resource Management
Leadership
Entrepreneurship and New Venture Creation
Agricultural Economics and Farm Management
Small Economies and Globalisation
Applied Environment Economics
Financial Economics
Issues in Economic Development
International Trade and Finance
Islamic Economics and Finance
Brunei and the World
Understanding Social Policy
Study of Public Policy
Public Policy Analysis
Advanced Research Methods
Financial Economics
Financial Economics
Islamic Economics and Finance
Issues in Economic Development
Financial Management
Leadership

Type of Module

Degree Core
Degree Core
Faculty Compulsory Breadth
Breadth
Breadth
Core
Core
Core
Core
Option
Option
Breadth
Breadth
Major Option
Option
Option
Option
Option
Breadth
Breadth
Core
Core
Core
Option
Option
Option
Option
Option
Option

Modular Credits

4
4
2
2
2
2
4
4
4
4
4
4
4
2
4
4
4
4
4
4
4
4
4
4
4
4
4
4
3
3

 

Module Code
Module Title

Type of Module

Modular Credits
Student Workload
Contact hours for timetabling
Prerequisite
Anti-requisite
EK-5XXX
Islamic Economics and Finance
Option
4
4 hours
4 hours
None
None

Aims/ Objectives/ Rationale:


This course aims at providing a sophisticated and advanced understanding of major topics and issues in contemporary Islamic economics and finance. Its foremost objective is to clearly describe the idiosyncrasies of an Islamic economic and financial system and how it differs from capitalist or socialist systems. At the end of the course the students will have a comprehensive idea about the need and challenges of restructuring or streamlining some of the existing economic and financial institutions and formulation of new policy frameworks for different facet6s of an Islamic economic and financial system.

Module Content:


Historical background of Islamic economics and finance and its objectives and goals of Islamic economic in contemporary world; Methodological issues in main stream and Islamic economics; Nature and role of free markets and private ownership under an Islamic system; Distributive justice and remunerations to different factors of production; a critical review of neoclassical theories of wage, rent, interest and profit; Scope of the institution of zakat in present time; Objectives of Islamic financial system; Implications of Islamic financial intermediation for savings, investment, monetary and fiscal policies; Nature and challenges of risk management in an Islamic system; Restructuring of existing financial institutions for an Islamic economy.

 

Assessment

Examination:
Coursework:

Essay
Midterm test
Participation & Presentation

          
 
60%
40%

15%
15%
10%