COMMERCE 4FZ3 ISLAMIC FINANCE

With rapid globalization, the world economy is becoming increasingly integrated across countries and societies with divergent economic practices. Predominantly Islamic countries are becoming important suppliers and users of financial capital. In this course, students will gain an appreciation of common Islamic financial concepts (Murabaha, Musharaka, Istisna) instruments (Sukuk), relevant legal (Western and Islamic) jurisprudence, and regulatory and disclosure standards. Prerequisite(s): COMMERCE 3FA3 and registration in any Commerce; or Engineering and Management; or Honours Business Informatics program; or the Minor in Finance. (B.Com. students – see Note 6 above.)




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