Courses @ UNIRAZAK

The course requires students to analyse the existing Islamic Capital Market products and instruments. The analysis aims to enable the students to relate the concept and Islamic principles in the products and encourage the students to have critical thinking on issues related.
Students also will be exposed to topics such as, but not limited to, the structure of the Islamic Capital Markets across different jurisdictions, regulatory and shari’ah frameworks, and various structures and contracts of shari’ah compliant ICM instruments. Topics include examining the pricing mechanism of the existing money market instruments, analysing various sukuk structures issued globally, shari’ah approved derivative instruments, foreign exchange market and current issues in ICM.

• Assess the frameworks of financial markets and Islamic Capital Market.
• Compare the differences between Islamic and conventional capital markets instruments.
• Demonstrate the conceptual and application of each instrument and product of ICM.