Islamic Money Markets and Sukuk (edX)

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Islamic Money Markets and Sukuk (edX)
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Islamic Money Markets and Sukuk (edX)
Learn about the structure and tradability of Sukuk and the development and role of Islamic money markets. This Islamic Finance and Capital Markets course gives an overview of the Tradability of Sukuk, also known as Islamic bonds, and the development of Islamic Money Markets. You will learn about the different instruments and components of an Islamic Money Market. We will also discuss the role of money markets and the need for Shari’ah-compliant sources of funds.

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Additional Topics Include:

- Monetary Operations in Islamic Money Markets

- Credit Facilities Offered by Central Banks

- Monetary Operations and Public Debt Management

- Islamic Money and Foreign Exchange Markets

At the end of the course, you will learn about Islamic Money Markets through various Case Studies from Malaysia, Sudan, Pakistan and more.

No previous knowledge is needed.

Why Islamic finance is important for the global financial industry

Islamic finance has grown rapidly, with the trend expecting to continue. Although the concept has been around for much longer, Islamic finance only attained a formal status in Muslim-majority countries in the 1970s. Today, it has become a global phenomenon, eliciting increasing interest around the world, including from non-Muslim countries like the United Kingdom, Luxemburg, Kenya, South Africa, and Hong Kong. Islamic finance has grown into a huge industry with total worldwide assets estimated at about US$2 trillion.

Islamic finance has the potential to contribute to higher and more inclusive economic growth by increasing access of banking services to underserved populations. In addition, it has the potential to promote financial stability due to its risk-sharing feature and its financing being asset-backed and thus fully collateralized. Moreover, Islamic banks offer profit-sharing and loss-bearing accounts that can help mitigate losses and contagion in the event of banking sector distress. These are all indications that Islamic finance is converging to the global finance industry and hence all international finance professionals should be aware of Islamic finance.


What you'll learn

- Tradability, Structures and Potential of Sukuk

- Development of Islamic Money Markets

- Monetary Operations in Islamic Money Markets

- Case Studies in Islamic Money Markets


Syllabus


Week 1 – Tradability, Structures and Potential of Sukuk

Chapter Introduction

Tradability of Sukuk

Pre-fixed Rate of Return on Sukuk

Restrictions and Flexibility in Returns

Other Issues in Sukuk Tradability

Potential for Sukuk

Examples of Sukuk Issues in the Islamic World

Chapter Summary


Week 2 – Development of Islamic Money Markets

Chapter Introduction

Limited Scope of Islamic Money Markets

The Need for Shari’ah-Compliant Sources of Funds

The Role of an Islamic Money Market

The Negative Effects of Undeveloped Money Markets

Legal Amendments to Develop Islamic Money Markets

Shari’ah Issues in the Development of Islamic Money Markets

Tax Issues in Developing Islamic Money Markets

Instruments and Components of an Islamic Money Market

Trends in Liquidity Management by IFIs

Interbank Instruments Used by IFIs

Chapter Summary


Week 3 – Monetary Operations in Islamic Money Markets

Chapter Introduction

Credit Facilities Offered by Central Banks

Central Bank Deposit and Reserves

Examples of Facilities for IFIs

Market-based Financing Instruments

Tradability of Shari’ah-Compliant Instruments

Supervising Liquidity Management

Monetary Operations and Public Debt Management

Factors in the Growth of Islamic Money Markets

Policy Issues in Islamic Money Markets

Developing Shari’ah-compliant Money Market Instruments

Monetary Operations and Public Debt Financing

Islamic Money and Foreign Exchange Markets

Chapter Summary


Week 4 – Case Studies in Islamic Money Markets

Chapter Introduction

Overview of the Malaysian IIMM

Market-Based Instruments for Money Operations

Processes of IIMM Instruments

Shari’ah-Compliant Alternatives to Forex Swaps

Overview of Interbank Money Markets in Sudan

Sudanese Markets and Monetary Operations

Sudanese Payment Systems, Secondary and Forex Markets

Overview of Money Markets in Bahrain

Central Bank Facilities in Bahrain

Market-Based Instruments in Bahrain

Bahraini Payment Systems and Secondary and Forex Markets

Overview of Money Markets in Pakistan

Pool-Based Placement in the Pakistani Money Market

Parameters for Pool-Based Placement in Pakistan

Other Modes of Fund Placement in Pakistan

Standing Facilities, Payment Systems and Forex Markets

Chapter Summary



MOOC List is learner-supported. When you buy through links on our site, we may earn an affiliate commission.

Course Auditing
22.00 EUR

MOOC List is learner-supported. When you buy through links on our site, we may earn an affiliate commission.