Courses / Modules / MANG2076 Islamic Banking and Finance

Islamic Banking and Finance

When you'll study it: Semester 1
CATS points: 15
ECTS points: 7.5
Level: Level 5
Module lead: Muhammad Saad Baloch
Academic year: 2025-26

Module overview

There is a growing demand for studying Islamic banking within a highly integrated global financial market. This module provides comprehensive insights over how Islamic finance operates and the structure of Islamic financial institutions in various national contexts.

Aims and Objectives

Learning Outcomes

Knowledge and Understanding

Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:

the liability side of Islamic banks such as deposits, resource mobilisation and financing
the key elements of Islamic Banking and Finance, and how they differ from traditional Finance

Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

demonstrate analytically the difference between traditional banking and Islamic banking
demonstrate knowledge of, and ability to analyse Islamic investments

Transferable and Generic Skills

Having successfully completed this module you will be able to:

demonstrate competence generally in numerical analysis and problem solving
demonstrate effective written communication

Learning and Teaching

Teaching and learning methods

Weekly lectures will provide an overview of the main issues arising in the module. Weekly classes will supplement the lectures which will support student learning by providing opportunities for students to attempt, and gain feedback on, numerical and problem-solving exercises. You will also have the opportunity for both directed and non-directed independent reading.

Study time
Type	Hours
Revision	40
Preparation for scheduled sessions	10
Lecture	24
Follow-up work	46
Tutorial	10
Wider reading or practice	20
Total study time	150

Resources & Reading list

Textbooks

M. Kabir-Hassan, R. N. Kayed, U.A. Oseni (2013). Introduction to Islamic Banking & Finance. Pearson.

Assessment

Assessment strategy

20% Group Assignment 80% Exam

Formative

This is how we’ll give you feedback as you are learning. It is not a formal test or exam.

In-class activities

Assessment Type: Formative
Feedback: Feedback from in-class activities will be provided in the classes and further feedback can be sought from the module leader during their office hours.
Final Assessment: No
Group Work: No

Summative

This is how we’ll formally assess what you have learned in this module.

Breakdown
Method	Percentage contribution
Examination	80%
Group Coursework	20%

Referral

This is how we’ll assess you if you don’t meet the criteria to pass this module.

Breakdown
Method	Percentage contribution
Examination	100%

Repeat

An internal repeat is where you take all of your modules again, including any you passed. An external repeat is where you only re-take the modules you failed.

Breakdown
Method	Percentage contribution
Essay	20%
Examination	80%

Repeat Information

Repeat type: Internal & External