About Course

In this course, students will learn the principles of Islamic finance and the major financing mechanisms and products within Islamic microfinance. The course will enable them to develop a thorough understanding of the risk landscape and risk mitigation strategies. Furthermore, regulatory, governance, and Sharia compliance frameworks for Islamic microfinance will be discussed and analyzed. The student’s performance will be assessed through class tests, exercises, assignments, and tests using smart technologies and methods. This course outline has been developed in such a way as to enable the students to equip themselves with up-to-date understanding and knowledge of Islamic Microfinance, both from conventional and Islamic perspectives.

Title Details
Frequency Once a week
Methods Lecture, Group Discussion, Self-reflection, and Case Study
Class Type On Campus and online (Hybrid mode)
Evaluation Method Quiz, Mock test, Presentation, Creative Assignments, Final exam
Course instructor Dr Mohammad Obaidur Rahman, S M Rashiduzzaman, Dr. Nurul Amin, Mrs Masuma begum
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What Will You Learn?

  • Understand the principles of Islamic finance and recognize the distinctness of some of the major financing mechanisms and products used in the Islamic Microfinance sector.
  • Apply/Demonstrate the ability to carry out client appraisals.
  • Apply/Demonstrate the ability to analyse micro financial performance information and employ the necessary tools.
  • Recognise the areas and issues critical for risk management.
  • Explain the key parameters for Regulatory, Governance and Sharia Compliance Frameworks for Islamic Microfinance.

Course Content

Module 1: Overview of Islamic Economics & Microfinance System

  • Examine the principles and history of Islamic economics and finance, evaluate the concepts of Sharia-based and Sharia-compliant finance, and reflect on its critiques
  • Distinguish between conventional debt financing and the key Islamic financing mechanisms.
  • Recognize the fundamentals of Islamic Commercial/Contract Law
  • Identify the key Islamic Financial Products
  • Explain the strengths and weaknesses of the Islamic finance industry, its key actors, stakeholders, and the role of the Islamic microfinance sector

Module 2: The Microfinance Contracts & Transaction Agreements (Part 1)

Module 3: The Microfinance Contracts & Transaction Agreements (Part 2)

Module 4: Managing Islamic Microfinancing

Module 5: Risk Management in Islamic Microfinance Institutions

Module 6: Regulatory, Governance and Sharia Compliance Framework for Islamic Microfinance

Module 7: Financial and Social Performance Management

Module 8: Case Studies in Islamic Microfinance

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