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Centre for Arab and Islamic Studies · ANU College of Arts and Social Sciences
This course provides a detailed background on the religious foundations, history, and political economy of the emergence of modern Islamic Banking, as well as introducing basic ideas and common products in Islamic Finance. The course focuses particularly on the conceptualisation and debate over riba (usury), and the divide between Islamic theology and ideals of Islamic Banking in practice, all while emphasising the diversity of Muslim thinking on Islamic Banking. The course takes a qualitative approach to understanding these issues, and does not require prior knowledge of quantitative techniques.
10 response papers, 250 words each (1.5% each for a total of 15%) Learning Outcomes 1-5
Learning outcomes 1, 2, 3, 4, 5
Seminar participation (10%) Learning Outcomes 1-4
Learning outcomes 1, 2, 3, 4
Major essay, 4000 words (40%) Learning Outcomes 1-5
Learning outcomes 1, 2, 3, 4, 5
Final exam, 2.5 hours (held during final examination period) (35%) Learning Outcomes 1-5
Learning outcomes 1, 2, 3, 4, 5
130 hours of total student learning time made up from: a) 24 hours of contact over 12 weeks: a weekly 2-hour seminar; and b) 106 hours of independent student research, reading, and writing.
Not Applicable