1. Table 3: Summary of information on GE30003
1. Name of course/module: Islamic Financial Institutions and Markets
2. Course code: GE30003
3. Name(s) of academic staff: Md. Shahedur Rahaman Chowdhury
4. Rationale for the inclusion of the course/module in the programme:
This course is of value to equip students with the information of Islamic financial institutions and
markets in which it is handful for the career advancement in the future. Considering the course as
the program core course, students will be offered with a number of significant agenda with regard
to the development and the growth of financial markets in Malaysia in complementing the
existence of Islamic banks since 1994.
5. Semester and year offered: Semester 5, year 3
6. Total student Face to face Total guided and independent learning
learning time (SLT)
L=Lecturer L T P O Total guided=35
T=Tutorial Total independent learning=38
P=Practical 28 14 Nil 11 Total=35+38=73
O=Others
7. Credit value: 3 hours
8. Prerequisite (if any): Nil
9. Learning outcomes:
Upon completion of the course, students are able to:
1. Discuss the functions of the financial institutions and markets (C2)
2. Point out the distinct features of financial institutions in selected Islamic countries (C4: CS2,
P4)
3. Demonstrate the various forms of products and services of Islamic financial markets (C3:
TS2, A3)
10. Transferable skills:
Student acquires necessary skills through:
1. Critical thinking skill- student is required to undertake a research on issues pertaining to
Islamic financial institutions and markets
2. Presentation skill – student is required to present their project paper
3. Communication skill- student will have a chance to enhance their communication skill
through interaction with the industry people
4. Leadership skill- group project
11. Teaching-learning and assessment strategy:
Lectures, tutorials  Midterm examination and final examination
Project-based learning presentation and assessment of group assignment
12. Synopsis:
The financial system is a vital component of any modern economy. The financial system mobilizes
and drives financial resources in global capital markets through financial institutions and markets.
Financial institutions are intermediaries through which resources are channeled towards efficient
allocation of funds in the economy. Financial markets, on the other hand, are the arenas or
mechanism by which financial instruments are traded. Both institutions and markets are the most
vibrant and dynamic components of the financial systems as compared to other market
mechanism. This course covers various topics related to both Islamic and conventional financial
institutions and markets
13. Mode of delivery:
Lecture, tutorial, workshop, seminar, etc:
1. Lecturer
2. Tutorial classes
3. Student’s presentation

2. 14. Assessment methods and types:
The assessment of this course will be based on the following:

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4. 15. Mapping of the course/module to the programme aims:
Refer to attached Program Summary Matrix
16. Mapping of the course/module to the programme learning outcomes:
Refer to attached Program Summary Matrix
17. Content outline of the course/module and the SLT per topic (Please refer Appendix A):

5. No. of week(s)
Topic(s)
1
The functions of
financial
institutions and
markets
 Introducti
on
 History
and
developm
ent
 Creating
and
transferri
ng money
 Accumula
ting and
lending
savings
 Marketing
and
transferri
ng
financial
assets
 Financial
planning
2-3
An overview of
the global
financial system
 Introducti
on
 The
Internatio
nal
Monetary
Fund
(IMF)
 The world
bank
 The
regional
developm
ent banks
 The Bank
of
Internatio
nal
Settleme
nts

6. 18. • Main references supporting course:
Books:
1. International Centre for Education in Islamic Finance. (2006).Islamic Financial Institutions
and Markets..Kuala Lumpur: INCEIF.
2. Ismail, Abdul Ghafar. (2010). Money, Islamic Banks and the Real Economy. Cengage
Learning Asia Pte. Ltd.
3. Ayub, M. (2007). Understanding Islamic Finance. John Wiley and Sons (Asia) Pte. Ltd.
4. Iqbal, Z., & Abbas, M. (2007). An Introduction to Islamic Finance: Theory and Practice.
John Wiley and Sons (Asia) Pte. Ltd.
5. Rosly, S.A. (2005). Critical Issues on Islamic Banking and Financial Markets. AuthorHouse,
United States.
6. Ahmed, S. (2006). Islamic Banking Finance and Insurance: A Global Overview. A.S.
Noordeen.
• Additional references supporting the course:
Databases:
1. Emerald Management Extra, Emerald Publishing UK
2. SpringerLink Databases
3. EbsCohost Research Databases
4. ScienceDirect
All of the above named databases are accessible at http://www.ums.edu.my/library/indexbm.htm
19. Other additional information:
This course provided students with a balanced skill and knowledge with respect to Islamic financial
institutions and markets in Islamic finance specifically for banking in the Islamic finance. This
course is one of many courses in Islamic finance considers as a prerequisite for students in
preparation for their career advancement in the field of Islamic banking and finance industry and
education.

7. Face To Face Learning (F2F) Self Learning Activity Formal Evaluation
Lecture
Student Centered
Centered Total
Learning
Learning Non Face To Face
Credit
Course Mid- Student
No Course Name Learning / Self Centered Assessment Final
Code Revision term/Quiz/Continuous Learning
Learning [Ex: Modules, Preparation Exam Time
Evaluation
Lecture Assignments and etc]
Practical / SCL
Centered
Tutorial Activity
Learning
SCHOOL COURSE
Islamic
Financial
1 GE30003
Institutions and 3 28 14 11 24 28 10 2 3 120
Markets