LAW8544 : Islamic finance: theory and practice (Inactive)
- Inactive for Year: 2025/26
- Module Leader(s): Dr Abdul Karim Aldohni
- Owning School: Newcastle Law School
- Teaching Location: Newcastle City Campus
Semesters
Your programme is made up of credits, the total differs on programme to programme.
| Semester 1 Credit Value: | 20 |
| ECTS Credits: | 10.0 |
| European Credit Transfer System | |
Aims
The module is designed to the provide the students with comprehensive understanding of the subject of Islamic finance by addressing the theory and practice of Islamic finance. In its first part, the module introduces the students to Islamic economic theory where it draws on a host of socio-economic concepts that have different interpretation of that of conventional economic theories. The topics will give students an insight into a unique mixture of religious, social and economic concepts and how they manifest in Islamic finance. In the practice part of the module, the topics would examine the governance of Islamic financial institutions and their products within the existing legal and regulatory framework.
Outline Of Syllabus
Theory:
- Islamic economic theory and its genesis in Sharia.
- Islamic economic theory in the context of other conventional economic theories, critical examination of key socio and economic theory.
Practice:
- the governance of Islamic finance institutions.
- the key Islamic finance products and their legal and regulatory governance.
Teaching Methods
Teaching Activities
| Category | Activity | Number | Length | Student Hours | Comment |
|---|---|---|---|---|---|
| Guided Independent Study | Assessment preparation and completion | 60 | 1:00 | 60:00 | N/A |
| Structured Guided Learning | Academic skills activities | 6 | 1:00 | 6:00 | MCQ – for knowledge testing |
| Scheduled Learning And Teaching Activities | Small group teaching | 22 | 1:00 | 22:00 | N/A |
| Scheduled Learning And Teaching Activities | Drop-in/surgery | 4 | 1:00 | 4:00 | Q&A sessions to allow for all students to be able to ask questions regarding module content |
| Total | 92:00 |
Teaching Rationale And Relationship
The teaching methods have been adapted for delivery in the post-COVID environment and are based on the presumption that in person lectures, seminars and in-person drop-in sessions will be possible but that this shall need to be supplemented by making alternative arrangements under ‘FLEX’ in case of the possibility of more limited possibilities for on Campus teaching).
Assessment Methods
The format of resits will be determined by the Board of Examiners
Exams
| Description | Length | Semester | When Set | Percentage | Comment |
|---|---|---|---|---|---|
| Written Examination | 1440 | 1 | A | 70 | 24 hr take home exam |
Other Assessment
| Description | Semester | When Set | Percentage | Comment |
|---|---|---|---|---|
| Oral Examination | 1 | M | 30 | Presentation |
Assessment Rationale And Relationship
Oral presentation: allows to develop oral presentation and research skills and test students understanding of the chosen materials for the presentation.
Take home exam: allows to test the students understanding, critical analysis and research skills through a mix of problem based and essay questions.
Reading Lists
Timetable
- Timetable Website: www.ncl.ac.uk/timetable/
- LAW8544's Timetable