FINC29002 - Islamic Banking and Finance

Showing: 2026 HE Term 1
General Information

Unit Synopsis

This unit covers Islamic banking and finance service and its international expansion. Upon completing the unit, you will gain an understanding, at an advanced level, of the differences between Islamic and traditional banks, as well as how bank accounts work under Shari’ah principles. You will also explore and assess the key activities of Islamic banks and the trends in Islamic portfolio management. You will, further, develop an advanced understanding of risks associated with Islamic financial products and institutions and evaluate Shari’ah compliant risk management instruments.

Details

Level Postgraduate
Unit Level 9
Credit Points 6
Student Contribution Band SCA Band 4
Fraction of Full-Time Student Load 0.125
Pre-requisites or Co-requisites There are no pre-requisites for the unit.

Important note: Students enrolled in a subsequent unit who failed their pre-requisite unit, should drop the subsequent unit before the census date or within 10 working days of Fail grade notification. Students who do not drop the unit in this timeframe cannot later drop the unit without academic and financial liability. See details in the Assessment Policy and Procedure (Higher Education Coursework).

Class Timetable View Unit Timetable
Residential School No Residential School

Unit Availabilities from Term 1 - 2026


Attendance Requirements

All on-campus students are expected to attend scheduled classes - in some units, these classes are identified as a mandatory (pass/fail) component and attendance is compulsory. International students, on a student visa, must maintain a full time study load and meet both attendance and academic progress requirements in each study period (satisfactory attendance for International students is defined as maintaining at least an 80% attendance record).

Assessment Overview

Recommended Student Time Commitment

Each 6-credit Postgraduate unit at CQUniversity requires an overall time commitment of an average of 12.5 hours of study per week, making a total of 150 hours for the unit.

Assessment Tasks

Assessment Task Weighting
1. Report 40%
2. Presentation 20%
3. Written Assessment 40%

This is a graded unit: your overall grade will be calculated from the marks or grades for each assessment task, based on the relative weightings shown in the table above. You must obtain an overall mark for the unit of at least 50%, or an overall grade of ‘pass’ in order to pass the unit. If any ‘pass/fail’ tasks are shown in the table above they must also be completed successfully (‘pass’ grade). You must also meet any minimum mark requirements specified for a particular assessment task, as detailed in the ‘assessment task’ section (note that in some instances, the minimum mark for a task may be greater than 50%).

Consult the University's Grades and Results Policy for more details of interim results and final grades

Past Exams

Previous Feedback

No previous feedback available

Feedback, Recommendations and Responses

Every unit is reviewed for enhancement each year. At the most recent review, the following staff and student feedback items were identified and recommendations were made.

Unit Learning Outcomes

On successful completion of this unit, you will be able to:

  1. Evaluate principles of Islamic finance and current operations and practices of Islamic banking and finance
  2. Apply Islamic law in financial transactions and evaluate the structures of financial products used by the Islamic financial industry
  3. Analyse the structures and risks of Islamic financial products
  4. Appraise the regulatory and legal environment under which Islamic banking and finance operates
  5. Critically assess the experiences and existing practices of Islamic banking and finance and the challenges that may constrain its growth.
Alignment of Assessment Tasks to Learning Outcomes
Assessment Tasks Learning Outcomes
1 2 3 4 5
1 - Report • • •
2 - Presentation • • •
3 - Written Assessment • • • •
Alignment of Graduate Attributes to Learning Outcomes
• Professional Level
• Advanced Level
Graduate Attributes Learning Outcomes
1 2 3 4 5
1 - Knowledge • • •
2 - Communication • • •
3 - Cognitive, technical and creative skills • •
4 - Research •
5 - Self-management • •
6 - Ethical and Professional Responsibility •
7 - Leadership •
Alignment of Assessment Tasks to Graduate Attributes
• Professional Level
• Advanced Level
Assessment Tasks Graduate Attributes
1 2 3 4 5 6 7 8 8
1 - Report • • • •
2 - Presentation • • • • •
3 - Written Assessment • • • • • •