Islamic Banking Syllabus

ISLAMIC BANKING

Full Marks: 100

Module A: Islamic Economics

· Islamic Economics- Meaning and Scope, Nature of Economic Laws, Islam and Other Economic Systems, Consumption and Production in Islam, Distribution of Wealth in Islam, Trade and Commerce in Islam, Islamic Approach to Money, Banking and Monetary Policy.

Module B: Interest in Islam

· Interest in Islam, Meaning of Riba, Conceptual Issues Related to Riba, Comparative Difference Between Interest and Profit, Classical and Keynesian Views on Interest.

Module C: Islamic Banking

· Objectives and Functions, Global Experiences, Operational Mechanism of Islamic Banking System of Guarantee, Non-Banking Services of Islamic Banks, Islamic Bank and Central Bank, Conventional vis-à-vis Islamic Banking.

Module D: Deposit Mobilization Process

· Wadia and Mudraba Accounts their Characteristics and Mode of Operations.

Module E: Investment and Operation of Islamic Banks

· Musharaka, Mudaraba, Murabaha, Bai-E-Muazzal, Bai-E-Salam, Hire Purchases, Quarz E Hasana, Lease Finance, Auction Investment, Syndicated Investment, Term Investment.

Module F: Fund Management in Islamic Banking

· Asset – Liability Management (ALM), Liquidity Management, Liquidity Versus Profitability, Liquidity Theories and Islamic Banking – Risk Management in Islamic Bank.

Module G: Foreign Exchange Operation of Islamic Bank

· Import and Export Financing, Methods of Trade Payments – Exchange Rates – Applicable Rates for FEX Operations.

Module H: Central Banking in Islamic Framework

· Central Banking in Islamic Framework – Monetary Policy in Islam – Banking Supervision.

Module I: Rural Finance, Welfare and Ancillary Services of Islamic Banking

Module J: Role of Shariah Council

· Need for Shariah Board – Relationship with Board of Directors and Central Bank, Power and Function of Shariah Councils.

Module K: Experience of Islamic Banks at National and International Level

References

1 Ahmed, Shaikh Mahmud. Towards Interest Free Banking. International Islamic Publisher, Delhi

2 Choudhury, Masudul Alam. Money in Islam, Routledge, London

3 Hasan, Kabir M. A Text Book on Islamic Banking

4 Hoque, Ataul, “Readings in Islamic Banking” Islamic Foundation Bangladesh

5 Mannan, M A, “Islamic Economics- Theory and Practice”, New Delhi, India

6 Rahman, M.M and Rahman, B.M.H. Islamic Finance System

7 Shaghil, M, “Islamic Economics” New Delhi, India

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Central Banking and Monetary Policy Syllabus

CENTRAL BANKING AND MONETARY POLICY

Full Marks: 100

Module A: Introduction to Central Banking

· Central Bank in The Financial System, Evolution, Characteristics, Objectives, Philosophy and Functions of Central Banks, Relationship Between Central Bank and Govt., Central Bank and Commercial Banks, Modern Central Banking, Autonomy of Central Bank, Separation Between Supervisory and Monetary Authorities.

Module B: Supervision of Financial Institutions

· Theory, Objectives and Agencies of Bank Examination/Regulation, Methods of Bank Examination, On Site and Off-Site (CEMELS Rating), Deposit Insurance and Bank Failures.

Risk Management and Internal Control Mechanism. Basic Guidelines on Bank Supervision, Supervision of Non-Banks & Other Financial Institutions.

Module C: Monetary Policy

· Money and is Functions, Demand for and Supply of Money, Multiple Deposit Creation,

Determinations of Money Supply, Monetary Base and Money Multiplier, Conduct of Monetary Policy-Tools, Targets, Goals and Monetary Transmission Mechanism.

Module D: Central Banking and Monetary Management in Bangladesh

· Bangladesh Bank order, 1972; Prudential Regulation, Monetary Policy of Bangladesh.

Module E: Exchange & Reserve Management

· Exchange Rate Policy, Fixed & Floating Rate, Relationship with International Monetary Intuitions, Foreign Currency Investment.

References

1 Ahmed, A.K.N. Of Deregulation and Central Bank Autonomy. University Press Ltd, Dhaka.

2 Bangladesh Bank Publications.

3 BIS. Core Principles for Effective Banking Supervision.

4 Dekock, M.H. Central Banking

5 Mishkin, Frederic, S. The Economics of Money, Banking and Financial Markets. Harper

Collins, New York.

6 Sheng, Andrew. Bank Supervision. Principles and Practice. EDI Working Paper.

7 Smith, Gray. Money, Banking and Financial Intermediation. Heath and Company, Lexington, D.C.

8 Vittas, Dimitri. Financial Regulation. The World Bank, Washington.

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SME & Consumer Banking Syllabus

SME AND CONSUMER BANKING

Full Marks: 100

Module A: Role of SME

· Role of SMEs in The Economic Development of Bangladesh, Policy Environment and Initiatives of SMEs, Experiences of SME Foundation.

Module B: Sources and Modes of SME Finance

· Role of FIs, Bangladesh Bank Guidelines, Equity Entrepreneurship Fund (EEF), NGOs, Venture Capitalists and Informal Sector.

Module C: Formulation of Business Plan and Project Appraisal for SMEs

· Essentials of Business Plans – Sector Specific Requirements – Project Appraisal Marketing

Aspect, Technical Aspect, Financial Aspect, Cash Flow Analysis, Financial Projections, Cost of The Project and Means of Financing, Break-Even Point, Capital Budgeting Techniques,

NPV, BCR and IRR, Assessment of Working Capital, Assessment of Risks, Identification and Selection of Entrepreneurs.

Module D: Operational Procedures in SME Financing

· Asset Based Financing, Factoring, Leasing, Tripartite Agreements, Documentation and Creation of Charges on Securities, Repayment Schedule of Loans, Monitoring and Counseling.

Module E: Consumer Banking

· Overall Objectives, Critical Elements of Consumer Banking, Consumer Banking Products, Operational Aspects, Legal Framework and Bangladesh Bank Guidelines.

Module F: Recovery of SME and Consumer Credit

· Identification of Non-Performing Loans, Procedures Relating to Recovery- Legal and Non-Legal aspects.

References

1 Bangladesh Bank reports

2 Reports of SME Foundations

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