ISLAMIC MONEY MARKETS AND SUKUK

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1 ISLAMIC MONEY MARKETS AND SUKUK COURSE DESCRIPTION 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. Pre-requisites No previous knowledge in Islamic finance and banking is needed, but a basic knowledge of business concepts is advantageous. Learning Objectives Tradability, Structures and Potential of Sukuk Development of Islamic Money Markets Monetary Operations in Islamic Money Markets Case Studies in Islamic Money Markets Course Outline (Syllabus) Week 1 Tradability, Structures and Potential of Sukuk

2 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 Week 2 Development of Islamic Money Markets 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

3 Week 3 Monetary Operations in Islamic Money Markets 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 Week 4 Case Studies in Islamic Money Markets Overview of the Malaysian IIMM Market-Based Instruments for Money Operations

4 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 GRADING POLICY How does grading work? To pass this course, you will need to attain a course average of at least 60 percent. Students who pass the course will receive a certificate of completion. These certificates will be issued a few days after the course closes. The course closes on May 23, 2017, at 12pm Eastern Daylight Time (EDT), so if you want a certificate you will need to have 60% or higher by that time.

5 What is the Deadline for Weekly Assessments? The Course contains several types of Assessments, namely, knowledge check simple questions that usually follow vides and end of the week assessments which are machine graded. Moreover, assessments also include essay questions and week summary. The Essay Questions are evaluated by peers. There are also 15 questions at the end of each week. There will be also a final exam at the end the 4th week. The following are the graded units of the course with their corresponding weights in total grade: No. Assessment Description Weight % 1 Knowledge Check questions 15 2 Essay questions 5 3 Week Summary 0 4 End of week assessments worth 15% X 4 weeks 60 5 Final Exam 20 TOTAL 100

Islamic Financial and Capital Markets

Islamic Financial and Capital Markets Hassanain, Khalifa M ISBN9960-32-301-3 Islamic development Bank, 2016 King Fahd National library cataloging Publication Data Copy Rights Notice Islamic research and