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U.O.No. 13209/2016/Admn Dated, Calicut University.P.O, 08.11.2016
File Ref.No.10106/GA - IV - B1/2014/CU
UNIVERSITY OF CALICUT
AbstractBA Programme in Islamic Finance with Computer Application - CUCBCSS UG 2014 - Scheme andSyllabus - Approved - Implemented with effect from 2014 Admissions-Syllabus of AdditionalLanguage Courses (Arabic) - Aberration from common Regulations - rectified orders issued subjectto the ratification of Academic Council.
G & A - IV - B
Read:-1.U.O.No. 7454/2014/Admn Dated, 01.08.2014.2.U.O.Note No. 26495/EX- IV-ASST-3/201-4/PB Dated: 18.02.2016.3.Corrected syllabus received from through email dated 07-11-2016.4.Orders of the Vice Chancellor in the file of even No. Dated 11-10-2016.
ORDER
Vide paper read as first above, the Scheme and Syllabus of B.A. Programme in Islamic Financewith Computer Application under CUCBCSS Regulations, was implemented with effect from 2014Admission onwards.
Vide paper read second above, Pareeksha Bhavan has pointed out that the Syllabus of B.Alslamic Finance with Computer Application (CUCBCSS-2014 Admission), largely deviates from thecommon regulations for UG-CUCBCSS (2014) Programmes in terms of Common Courses Arabic(Additional Language).
Vide paper read third above,the Chairman has submitted the Syllabus after making changes intune with common regulation of CUCBCSS.
Vide paper read fourth above, the Vice Chancellor, considering the exigency, and exercisingthe powers of the Academic Council, has approved corrections of common course codes ofB.A.Islamic Finance with Computer Application and the recommendation of the Chairman todrop the prescribed course as it is against the CUCBCSS regulation and the same be replacedby the course codes and names of common courses (Arabic) subject to ratification by theAcademic Council.
Sanction has, therefore, been accorded to drop the prescribed course as it is against theCUCBCSS regulation and the same be replaced by the course codes and names ofcommon courses (Arabic) in the syllabus of B.A. Islamic Finance with Computer Application underCUCBCSS Regulations with effect from 2014 Admission onwards.
1. ARB 1 A 07 Communicative Skills in Arabic (I semester).
2. ARB 2 A 08 Translation and Communication (II semester).
3. ARB 3 A 09 Literature in Arabic (III semester).
Anuja Balakrishnan
Deputy Registrar
Forwarded / By Order
Section Officer
4. ARB 4 A 10 Culture and Civilization (IV semester).
Orders are issued accordingly. The Syllabus is uploaded in the University website.
ToThe Principals of all affiliated CollegesCopy to:CE/ Ex Section/ EG Section/ DR and AR BA Branch/ EX IV/Director, SDE/SDEExam Wing/ Tabulation Section / System Administrator with a request to upload theSyllabus in the University website/ GA I F Section/ Library/ SF/ FC/DF
U.O.No. 7454/2014/Admn Dated, Calicut University.P.O, 01.08.2014
File Ref.No.10106/GA - IV - B1/2014/CU
UNIVERSITY OF CALICUT
Abstract
BA Programme in Islamic Finance with Computer Application - CUCBCSS UG 2014 - Scheme and
Syllabus - Approved - Implemented with effect from 2014 Admissions-Orders issued.
G & A - IV - B
Read:-1. U.O. No. 3797/2013/CU, dated 07.09.2013 (CBCSS UG Modified Regulations
(File.ref.no. 13752/GA IV J SO/2013/CU).
2. U.O. No. 5180/2014/Admn, dated 29.05.2014 (CBCSS UG Revised Regulations)
(File.ref.no. 13752/GA IV J SO/2013/CU).
3. Minutes of the meeting of the Board of Studies in Islamic Finance held on 04-07-
2014(item No. 1)
4. Letter dated 22-07-2014 from the Dean, Faculty of Humanities.
5. Orders of Vice Chancellor in the file of even No. dated 29-07-2014
ORDER
Vide paper read as first above, the Modified Regulations of Choice Based Credit
Semester System for UG Curriculum with effect from 2014 was implemented under the University of
Calicut.
Vide paper read as second above, the Revised CUCBCSS UG Regulations has
been implemented with effect from 2014 admission, for all UG programmes under CUCBCSS in
the University.
Vide paper read third above, the meeting of the Board of Studies in Islamic Finance held on 04-
07-2014 vide item No. 1 resolved to approve the Scheme and Syllabus of BA Islamic Finance
with Computer Application prepared as per CUCBCSS regulations.
Vide paper read fourth above, the Dean, Faculty of Humanities has remarked that item No. 1 of
the minutes of the meeting of the Board of Studies in Islamic Finance held on 04-07-2014 may be
approved, since the items in the minutes are urgent and to be implemented in the 2014-2015
academic year.
Vide paper read fifth above, the Vice Chancellor, considering the exigency, and exercising the
powers of the Academic Council, has approved the item No. 1 of the Minutes of the meeting of
the Board of Studies in Islamic Finance held on 04-07-2014 , subject to ratification by the
Academic Council.
Sanction has, therefore, been accorded to implement the Scheme and Syllabus of BA
Muhammed S
Deputy Registrar
Forwarded / By Order
Section Officer
Programme in Islamic Finance with Computer Application under CUCBCSS Regulations with effect
from 2014 Admission onwards.
Orders are issued accordingly.
The Syllabus is uploaded in the University website
To
The Principals of all affiliated Colleges
Copy to:CE/ Ex Section/ EG Section/ DR and AR BA Branch/ EX IV/Director, SDE/SDE
Exam Wing/ Tabulation Section / System Administrator with a request to upload the
Syllabus in the University website/ GA I F Section/ Library/ SF/ FC/DF
SYLLABUS
FOR
BA ISLAMIC FINANCE
With
Computer Application
Complementary Paper
Economics &Commerce
Prepared by
BOARD OF STUDIES FOR ISLAMIC FINANCE
UNIVERSITY OF CALICUT
BA ISLAMIC FINANCE with
Computer Application
SCHEME AND SYLLABUS
Objectives:
Main objective of the programme is to introduce the emerging area of Islamic Finance.
To produce skillful hands to meet the requirements of the new generation banks, insurance companies and security markets.
Understand the fundamental concepts of Islamic economics.
Know the importance of the development of an interest-free economy to promote socio-economic justice in society.
Describe the underlying principles of Islamic commercial contracts.
Know their applications as investment modes (Musharakah, Mudarabah).
Know their applications as financing modes (Ijarah, Murabaha, Salam, Istisna'a) and as assessor modes (Wakalah, Kafalah, Hawalah, Jua'lah, Tawarruq and others).
Explain the key operations of Islamic banks and the scope for co-operation between conventional and Islamic financial institutions.
Examine the Islamic financial markets, scope and instruments including the operations of venture capital, investment funds, units trusts and sukuk in accordance with Islamic principles.
Discuss the governance and transparency issues in Islamic financial institutions.
Understand the role of supervision and regulation with particular emphasis on the role of the Religious Supervisory Board, Shari'ah compliant audit, accounting and taxation issues.
Describe the procedures to convert interest-based banking institutions to interest-free Islamic banking and the practical steps required for establishing an Islamic bank.
Explain Takaful and its rationale as an alternative to conventional insurance and describe basic elements and operating models for undertaking takaful business and Re-takaful (Reinsurance).
ELIGIBILITY CRITERIA
A pass (eligible for higher studies) in the Higher Secondary Examination or its equivalent with at least one commerce/Economics subject, is the eligibility for admission to the BA Islamic finance degree course. Candidates who have not taken at least one commerce subject for higher secondary or an equivalent examination should get at least 18 GPV (in 6 subjects) in that examination to become eligible to seek admission to BA Islamic finance course. A concession of 3 GPV will be given to OBC/OEC candidates. The SC/ST candidates need get only a pass.
BONUS/WEIGHTAGE POINTS
Just like any other degree programmes
INDEXING FOR RANKING
A Weightage of 2.5 points for each commerce subject studied under plus two level, CBSE, or VHSE under commerce stream, subject to a maximum of 5 points shall be added to the total GPV. The management paper of Plus Two, CBSE, VHSE or an equivalent examination can be considered as commerce subject for indexing points for admission to BA Islamic Finance course
If there is a tie in the index points, those who studied commerce in the Plus Two course should get preference. If there is again a tie, the GPV in the commerce subjects will be considered first, then the GPV of Economics and then the GPV of English then the GPV of second language will be considered. Finally the general conditions are applicable.
GENERAL CONDITIONS
Same as other degree courses
BA Islamic Finance With Computer Application
Scheme
Programme at : Undergraduate Level
Duration of the Course : 3 years
System to be followed : Semester System
No. of Semesters : Six Semesters
Mode of Evaluation : Continuous Evaluation (Assignments, Seminars, Projects, Internal Examinations & End Semester Examinations. System of Evaluation : Grading System
Medium of Instruction : English
Details of Common, Core and Complementary Papers in each semester:
Semester No. of Papers
Common Core Complementary Project Open Elective Total
I 3 1 2 - - 6
II 3 1 2 - - 6
III 2 2 2 - - 6
IV 2 2 2 - - 6
V - 4 - 1 4
VI - 4 - 1 1 4
Total 10 14 8 1 1 1 32
BA ISLAMIC FINANCE with COMPUTER APPLICATION
DETAILS OF PAPERWISE CREDITS AND HOURS
FIRST SEMESTER
Paper
Code
Paper Title No. of
Credits
Theory
(Hours per
Week)
Max:Marks
Common Papers
ENG1
A01 3 4
80(external)+
20(internal)=
100
ENG1
A02 3 5 100
ARB 1
A 07 Communicative Skills in Arabic 4 4 100
CORE PAPERS
IFC IB
01
Management Concepts and
Business Ethics 5 6 100
Complementary Paper (Taken from other disciplines)
EC1
CO1
Essentials of Economics-Micro
2 3 100
BCI
C01
Managerial Economics
2 3 100
SECONDSEMESTER
Common Papers
ENG2
A03
4 5 100
ENG2
A04
4 4 100
ARB 2
A 08 Translation and Communication 4 4 100
CORE PAPERS
IFC 2B
02
Basics of Islamic Finance 5 6 100
Complementary Paper(Taken from other disciplines)
EC2
CO1
Essentials of Economics -Macro
2 3 100
BC2
C02
Marketing Management 2 3 100
THIRD SEMESTER
Common Papers
ENG3
A05
4 5 100
ARB 3 A 09
Literature in Arabic (III semester)
4 5 100
Core Papers
IFC 3B 03
Financial And Corporate Accounting
4 5 100
IFC 3B
04
Indian Financial System 4 4 100
Complementary Paper(Taken from other disciplines)
EC3CO1 Essentials of Economics-
Money, Banking, Finance and Trade 2 3 100
BC3C03
E- Commerce Management 2 3 100
FOURTH SEMESTER
Common Papers
ENG4
A06
Reading Fiction and Nin Fiction –
4 5 100
ARB 4 A 10
Culture and Civilization 4 5 100
Core Papers
IFC 4B
05
Business Law &Law Of Islamic Shariah 4 5 100
IFC 4B
06
Cost & Management Accounting 4 4 100
Complementary Paper(Taken from other disciplines)
EC4
CO1
Essentials of Economics-Indian Economy
2 3 100
BC4
C04
Quantitative Techniques for Business 2 3 100
FIFTH SEMESTER
Core Papers
IFC 5B
07 Business Mathematics& Statistics 4 4 100
IFC 5B
08 Corporate Governance in Islamic Finance 4 4 100
IFC 5B
09 Islamic Micro Finance 4 4 100
IFC 5B
10 Risk Management In Islamic Finance 4 4 100
OPEN PAPER ( TO CHOOSE 1 OUT OF 3)
IFC5
DO1
Study on Fundamentals of Islamic
finance
2
2 100
IFC5
DO2 Islamic commercial law 100
IFC5
DO3 Islamic Insurance 100
PROJECT
WORK
Project Work: Designing an Islamic
Finance Product (To be continued in VIth Sem)
--- 1 100
SIXTH SEMESTER
Core Papers
IFC 6B
11 Computerized Accounting with Tally 4 5 100
IFC 6B
12
Islamic Fund Management and Security
Marketing 4 5 100
IFC 6B
13 Corporate Governance in Islamic Finance 4 5 100
IFC 6B
14
Security Analysis & Portfolio
Management (Investment Management) 4 5 100
ELECTIVE PAPERS
( TO CHOOSE 1 OUT OF 3)
IFC 6 E
01 Islamic Financial Institutions
4 4
100
IFC 6
E02 Study On Islamic Banking System 100
IFC 6 E
03 Marketing of Islamic banking Products 100
IFC 6B
16
Project Work: Designing an Islamic
Finance Product 2 1 100
Total 120 3500
Complementary Courses for other Programmes
Complimentary Courses prescribed for any BA Programme approved by
the Board of Studies in Islamic Finance
Islamic Commercial Law and Contract
Semester Course Code Course Title
Semester I IFC1 C05 Islamic commercial Law and Contract – I Semester II IFC2 C05 Islamic commercial Law and Contract – II
Semester III IFC3 C05 Islamic commercial Law and Contract – III
Semester IV IFC4 C05 Islamic commercial Law and Contract – IV
Fundamentals of Islamic Economics
Semester Course Code Course Title
Semester I IFC1 C06 Fundamentals of Islamic Economics – I Semester II IFC2 C06 Fundamentals of Islamic Economics – II
Semester III IFC3 C06 Fundamentals of Islamic Economics – III Semester IV IFC4 C06 Fundamentals of Islamic Economics – IV
TITLE OF THE COURSE
CORE 01 MANAGEMENT CONCEPTS AND BUSINESS ETHICS SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 1
NO. OF CREDITS - 5
NO. OF CONTACT HOURS - 6 hrs/wk
Objectives:
To understand the process of business management and its functions, and
To familiarize the students with current management practices.
To understand the importance of ethics in business, and
To acquire knowledge and capability to develop ethical practices for effective management
COURSE OUTLINE
Module I 15 hours
Nature and scope of Management; evolution of management- Schools of management
thought;.W.Taylor and Henry Fayol; principles of management; management as a science and an
art; management process.
Module II 15 Hours
Functions of management- planning: types of plan; planning process; organizing: span of control ,
line and staff functions ; centralization and decentralization; delegation; staffing: manpower
planning, recruitment, selection and placemen;; directing: principles of direction; coordinating,
and controlling.
Module III 30 Hours
Manager Vs leader; leadership and motivation; leadership styles; theories of Motivation.
MBO;Management of performance; Understanding and managing group processes;
characteristics of workgroup, work group behavior and productivity; team creation and
management.
Module 1V 15 Hours
Ethics, culture and values: Importance of culture in organisations; Indian ethos and value systems;
Model of management in the Indian socio political environment; Work ethos; Indian heritage in
production and consumption.
Module V 15 Hours
Business ethics: Relevance of values in Management; Holistic approach for managers in decision-
making; Ethical Management: Role of organisational culture in ethics; structure of ethics
management; Ethics Committee.
Reference Books:
1. Boatwright, John R: Ethics and the Conduct of Business, Pearson Education, New Delhi.
2. Sathish Modh: Ethical Management: Macmillan.
3 Koontz, H and Wechrick, H: Management, McGraw Hill Inc, New York.
4 Drucker, Peter, F: Management: Tasks, Responsibilities and Practices, Allied Publishers, New
Delhi.
5. L.N Prasad : Principles of management.
6. R.S Davar ; Management Process
7. Rustum & Davan, Principles and practice of Management.
8. Srinivasan & Chunawalla, Management Principles and Practice.
CORE 02 BASICS OF ISLAMIC FINANCE SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 2
NO. OF CREDITS - 5
NO. OF CONTACT HOURS - (6hrs/week)
Objective
To understand basic fundamentals of Islamic finance
For knowing the comparative review of conventional finance and Islamic finance
COURSE OUTLINE
Module – 1 (15 Hours)
Economic Doctrine of Islam - Introduction and Philosophy - Assumptions of fundamental
principles and their implication - Man and divine guidance: the role of Quran and Sunnah - Islamic
Social Order: Values and ethnics-The political context of Islamic economics - Capitalism,
Communism/Socialism and Islamic Economic Systems
Module – 2 (30 Hours)
Islamic Banking - Concept and Evolution of Conventional Banking - Evolution and Development of
Islamic Banking - Differences and Similarities between Islamic and Conventional Banking - Primary
Characteristics of Islamic Banks - Prohibition of Interest - Low Consumer Lending - Profit and Loss
Sharing - High Real Sector Investing - Dealing in Halal - The value of money Islamically interpreted
- Prohibition of speculation - Sanctity of contracts - Sharia approved activities - Easy collateral -
The Islamilisation of commercial banking - Islamic banks in western world - Criticism of Islamic
banking
Module – 3 (30 Hours)
Principles and Techniques of Islamic Finance - The concept of interest (Riba) - Prohibition of Riba
(in Islam and Christianity) - Real and notional interest - Fixed and viable interest - Interest Vs.
Profit - Interest as return - Riba al-Nasial and al-Fadi - Consumption and production loan.
Financing Techniques – Mudaraba – Musharakah – Murabaha - Ijara and
IjarahMuntahiaBittamleek - Salam and Parallel Salam - Istisna’a.
Module -4 (15 Hours)
Islamic Financial Institutions - Study of Zakah - Gahr and Khraj - Takaful
IDB: its role, objectives and performance
Islamic Financial Service Board
The international Association of Islamic Banks
Islamic Research and Training Institute
International Centre for Research in Islamic Economics
Referances
Islamic Finance: Law, Economics, and Practice By Mahmoud A. El-Gamal Cambridge University Press
Understanding Islamic Finance By Muhammad Ayub - WILEY Publishers
------------------------------------------------------------------------------------------------------------
CORE 03 FINANCIAL AND CORPORATE ACCOUNTING SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 3
NO. OF CREDITS - 4
NO. OF CONTACT HOURS -(5 hrs/wk)
Objectives :
Ø To enable the students to acquire knowledge of the financial accounting principles and
practices
Ø To equip the students with skills for recording various kinds of business transactions
Ø To familiarize the students with the techniques of preparing financial statements
Ø To help the students acquire conceptual knowledge of the fundamentals of the corporate
accounting and the techniques of preparing the financial statements.
COURSE OUTLINE
Module I 20Hours
Introduction - Nature of financial Accounting - scope – objects –limitations –Accounting
concepts and conventions- Financial accounting standards –Object of accounting standards –
Accounting Standard Board of India and Indian Accounting Standards - Accounting process from
recording of business transactions to preparation of Trial balance (an overview only).
Module II 15 Hours
Conceptual Frame work for preparation and presentation of financial statements - Capital,
Revenue and deferred revenue expenditure – Capital and revenue receipts – Final accounts of
Sole Proprietor , Final account of companies and not –for- profit organizations (simple problems
only).
Module III 20 Hours
Accounting for share capital – Issue, forfeiture and Reissue of forfeited shares - Redemption of
preference shares including buy-back of equity shares - Issue and Redemption of Debentures.
Module – IV 15 Hours
Bank accounts- General information relating to bookkeeping, ledger section, register section, slip
system of ledger posting, legal requirements affecting final accounts, specimen form of
accounting policies, preparation of profit and loss accounts, Asset classification, preparation of
Balance sheet.
Module- V 20 Hours
Insurance Companies- Commercial and legal back ground of insurance business, contract of
insurance, Book maintained by insurance companies, Explanation of special terms peculiar to
insurance business, Accounts for life insurance business, types of policies, Annuity business,
surrender value, paid up policy, life insurance fund valuation balance sheet, preparation of final
accounts, Revenue accounts, accounts for general insurance business (as per the provisions of
IRDA Act)
(Theory and problems may be in the ratio of 30% and 70%respectively)
Reference Books:
1. M.C., Shukla, T.S. Grewal and S.C. Gupta: Corporate Accounting, S. Chand and Co., New Delhi.
2. R.L Gupta, and M Radhaswamy: Corporate Accounting, Sultan Chand and Sons, New Delhi.
3. Ashok Sehgal and Deepak Sehgal: Advanced Accounting, Volume II, Taxmann, New Delhi.
4. S.P.Jain and K.L.Narang: Financial Accounting, Kalyani Publilshers, New Delhi.
5. S.N. Maheshwari, and S.K. Maheshwari: Corporate Accounting, Vikas Publication, New Delhi.
6. S.N. Maheswari: Financial Accounting
7 Shukla, M.C., T.S. Grewal and S.C.Gupta: Advanced Accounts S.Chand&Co., New Delhi.
8. Naseem Ahmed, Nawab Ali Khan and M.L.Gupta: Fundamentals of Financial Accounting, Ane
Books Pvt. Ltd., New Delhi.
9. Grewal and Gupta: Advanced Accounting
5. Dr. Goyal V.K.., Financial Accounting, Excel Books, New Delhi.
10. Radhaswamy and R.L. Gupta: Advanced Accounting, Sultan Chand & Sons, New DelhI
---------------------------------------------------
CORE 04 INDIAN FINANCIAL SYSTEM SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 3
NO. OF CREDITS - 4
NO. OF CONTACT HOURS -(4 hrs/wk)
Objectives: To provide basic knowledge about the structure, organization and working of financial
system in India
COURSE OUTLINE
Module I 10Hours
Financial System: Meaning and Significance-Functions of the financial system- Financial concepts-
Financial Assets- Financial markets- Classification-Financial instruments-weakness of Indian
Financial System.
Module II 10Hours
Money market: Definition-Features-Objectives-Features of a developed money market-
Importance of Money market-Composition of Money market- Money market Instruments-
features of Indian money market-Recent developments.
Module III 10 Hours
Primary, Secondary and Capital Markets: New issue market-meaning-functions-methods floating
new issue- intermediaries in the new issue market-merchants bankers and their functions- Recent
trends in new issue market - Stock Exchanges-Functions.
Module IV 10 Hours
Financial Institutions: commercial banks- development financial institutions- Nonbanking financial
corporation -Mutual Funds, insurance companies – Objectives and Functions (only a brief
outline).
Module –V 05 Hours
Regulatory Institutions – RBI – Role and Functions. The Securities and Exchange Board of India-
objectives-function-powers- SEBI guidelines for primary and secondary market.
Reference Books:
1. Kohn, Meir: Financial Institutions and Markets, Tata McGraw Hill.
2. Bhole L.M: Financial Institutions and Markets, Tata McGraw Hill.
3. Desai, Vasantha: The Indian Financial System, Himalaya Publishing House.
4. Machiraju.R.H: Indian Financial System, Vikas Publishing House.
5. Khan M.Y: Indian Financial System, Tata McGraw Hill.
6. Varshney, P.N., & D K Mittal, D.K.: Indian Financial System, Sulthan Chand & Sons
7. Gordon E. & Natarajan K.: Financial Markets & Services, Himalaya Publishing House.
8. Pathak, V. Bharati: Indian Financial System, Pearso
---------------------------------------------------------------------------------------------------------------------
CORE 05 BUSINESS LAW& LAW OF ISLAMIC SHARIAH
SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 4
NO. OF CREDITS - 4
NO. OF CONTACT HOURS - (5 hrs/wk)
Objectives
To understand the basics of conventional Business Law
To study the fundamentals of Islamic Commercial Law and to make a comparative study about
two concepts.
COURSE OUTLINE
PART – A
BUSINESS LAW
MODULE – 1 (25 hours)
Commercial Contract- Nature and classification of contracts-offer and acceptance-consideration-
capacity of parties-free consent- coercion- undue influence – misrepresentation- fraud- mistake-
void agreements- discharge of contract- breach of contract and remedies-contingent contracts-
quasi-contracts – contract of Guarantee – Agency – Mortgage.
MODULE – 2 (15 hours)
Sale of Goods Act, 1930-Contract for sale of goods-Meaning – essentials of a contract of sale –
Conditions and Warranties- caveat emptor-sale by non owners- rules as to delivery of goods-
auction sale -rights of unpaid seller.
PART - B
LAW OF ISLAMIC SHARIAH
MODULE -3 (15 hours)
Fundamentals of Shariah for Islamic Finance Practitioners: Sources of Shariah - Objectives of
Shariah - Operatives legal maxims Definitions of assets in Shariah - Rules of ownership in Shariah
- Essentials of Shariah compliant contracts - Prohibited elements in Shariah: Riba, Gharar, Haram
products and activities.
MODULE – 4 (25 hours)
Nature of Islamic Business/Financial Contracts: Intermediation contract – Mudaraba - Kitala
(Guarantee) – Takaful - Wakala (Agency contract) - Juala - Hawala (Transfer) - Rahn (Mortgage) -
Transaction Contract– Mudaraha - Bay Salam - Bay Mua’ajal – Ijara – Istisna – Musharaka - Wa’d
(Promise) - Muwada or Mua’hida (Agreement)
MODULE – 5 (10 hours)
Legal Practices in the Islamic Financial Industry - Shariah principles influencing regulatory
framework for Islamic finance - Foundations of adequate and efficient Islamic finance
environment .
Focused Shariah Council (FSC) - Strong and harmonized legislation - Legal issues to consider in
structuring Shariah compliant products.
References
Elements of Mercantile Law – N D Kapoor
Mercantile Law – M C Shukla
Islamic Commercial Law By Muhammad Yusuf Saleem – WILEY Publishers
--------------------------------------------------------------------------------------------------------------------
CORE 06 COST AND MANAGEMENT ACCOUNTING SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 4
NO. OF CREDITS - 4
NO. OF CONTACT HOURS - (4 hrs/wk)
Objectives:
To familiarise students with the various concepts and element of cost.
To create cost consciousness among the students.
To enable the students to understand the concept and relevance of management Accounting
To provide the students an understanding about the use of accounting and costing data for
planning, control and decision taking.
COURSE OUTLINE
Module I 10 Hours
Introduction :- Definition – Meaning and Scope – Objectives – Functions – Merits and Demerits –
Cost Accounting and Financial Accounting-Cost classification – Elements of cost – cost unitscost
centre – Types , Methods and Techniques of Costing – cost sheet
Module II 20 Hours
Materials :- Importance of Material cost control – Purchase procedure – store control – types of
store – stores records – perpetual inventory – ABC analysis – VED analysis – JIT inventory – stock
levels - EOQ issue of materials – FIFO, LIFO, simple and weighed average methods. Labour :-
Importance of Labour Cost Control – Time keeping and Time Booking – Idle Time – Over Time –
Computation of Labour Cost – renumeration systems and incentive schemes Overheads :-
Definition – Overhead allocation – Apportionment - Re apportionment – Direct distribution – Step
Ladder – Reciprocal service methods – repeated distribution and simultaneous equation methods
Absorption of overheads – methods of absorption – Labour Hour Rate and Machine Hour Rate
Module III 10Hours
Budgetary Control: Budget and Budgetary Control –Need and Importance – Types of Budgets –
Preparation of Financial Budget- Flexible Budget and Fixed Budget –ZBB – Programme and
Performance Budgets.
Module IV 05 Hours
Management Accounting –Nature and Scope – Difference between Cost Accounting, Financial
Accounting and Management accounting – Recent Trends in Management Reporting.
Module V 20 Hours
Analysis and Interpretation of financial Statement: - Meaning- Types and Methods of Financial
Analysis – Comparative statements – Trend Analysis – Common size statements (a general
discussion only). Ratio Analysis: - Meaning –Nature – uses and limitations of Ratios –liquidity,
profitability, Turnover ,Solvency, Leverage, Market test ratios – Constructions of Financial
Statements from ratios –Judgment of financial stability through ratios –(Stress to be given to
problem solving and interpretation skills )
Module VI 15 Hours
Funds Flow and Cash Flow Analysis:
a. Funds Flow Statements : Meaning and concept of fund – Current and Non- Current Accounts
– Flow of Fund –Preparation of Funds flow statements – uses and significance
b. Cash Flow Statement : Difference between fund flows statement and cash flow statements –
Preparation of cash flow statements as per AS3 Norms – Direct and Indirect methods.(Stress to
be given to problems)
Module VII 10Hours
Managerial decision making with the help of C.V.P. Analysis : Marginal Costing- Fixed Cost,
Variable Cost, Contribution, P/V ratio, Break Even Analysis – Algebraic and Graphic presentation –
Decision making: Fixation of Selling Price – Exploring new markets – make or buy-key factor –
Product Mix – Operate or Shutdown (Theory and problems may be in the ratio of 40% and
60%respectively)
Reference Books:
1. N.K. Prasad: Cost Accounting 2. Nigam & Sharma: Cost Accounting 3. Khanna Pandey & Ahuja: Practical Costing 4. M.L. Agarwal: Cost & Managemt Accounting 5. Jain & Narang: Cost Accounting 6. S.P. Iyengar: Cost Accounting 7. S.N. Maheshwari: Cost & Management Accounting 8. Horngren: Cost Accounting: A Managerial Emphasis 9. M. N. Arora: Cost Accounting 10. Dutta: Cost Accounting 11. Sexana: Management Accounting 12. Made Gowda: Management Accounting 13. Dr. S.N. Goyal and Manmohan: Management Accounting 14. B.S. Raman: Management Accounting
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CORE 07 - BUSINESS MATHEMATICS AND STATISTICS SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 4
NO. OF CREDITS - 4
NO. OF CONTACT HOURS - (4 hrs/wk)
Objective:
1-The objective of this course is to familiarize students with the applications of
2-mathematics and statistical techniques in business decisions process.
COURSE OUTLINE
PART – A: Business Mathematics
Module – 1 Matrices and Determinants - Definition of a matrix - Types of matrices – Algebra of
matrices - Calculation of values of determinants up to third order - Adjoint of a matrix -
Elementary row operations - Finding inverse of a matrix through adjoint and elementary row
operations - Applications of matrices for solution to simple business and economic problems.
Module – 2 Calculus - Mathematical functions and their types – linear, quadratic, polynomial,
exponential and logarithmic - Concepts of limit, and continuity of a function - Concept of
differentiation - Rules of differentiation – simple standard forms
(involving one variable) - Applications of differentiation – elasticities of demand and supply -
Maxima and minima of functions (involving second or third order derivatives) relating to cost and
revenue - Integration and its applications to business and economic situations.
Module -3- Basic Mathematics of Finance: Simple and compound interest - Rates of interest –
nominal, effective and continuous – and their inter-relationships - Compounding and discounting
of a sum using different types of rates.
PART – B : Business Statistics
Module – 4 -Introduction to statistics - Descriptive Statistics for univariate data - Preparation of
frequency distributions including graphic presentations
Measures of Central Tendency Arithmetic mean, Geometric mean and Harmonic mean
:Properties and applications - Positional Averages :
Mode and median and other partition values - quartiles, deciles, and percentiles (including
graphic determination) - Measures of Variation: absolute and relative.
Range, quartile deviation, mean deviation, standard deviation, and variance
Module – 6 -Correlation and Regression Analysis Correlation : Meaning, Correlation using scatter
diagram - Karl Pearson's co-efficient of correlation: calculation and properties. Regression
Analysis : Linear regression defined - Regression equations and estimation.
Module – 7Index Numbers - Meaning and uses of index numbers. Construction of index numbers:
fixed and chain base; univariate and composite. Aggregative and average of relatives – simple and
weighted. Tests of adequacy of index numbers. Construction of consumer price indices.
Referances
1. E.T. Dowling, Mathematics for Economics, Schaum’s Outlines Series, McGraw Hill Publishing Co.
2. Mizrahi and Sullivan, Mathematics for Business and Social Sciences, John Wiley and Sons
3. V.K. Kapoor, Essentials of Mathematics for Business and Economics, Sultan Chand
---------------------------------------------------------------------------------------------------------------------
CORE 8 - CORPORATE GOVERNANCE IN ISLAMIC FINANCE
SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 5
NO. OF CREDITS - 4
NO. OF CONTACT HOURS - (4 hrs/wk)
Objective
To understand the importance of corporate governance in different kinds of business
organization.
To describe the ethical elements of Islamic Finance
COURSE OUTLINE
Module – 1 (15 hours) -Corporate Governance– concepts – scope – the significances of
constitutions for corporate entities - difference between governance and management –
corporate governance in sole trading concern, partnership and companies.
Module – 2 (20 hours) -International Corporate Governance Guidelines [including SEC
guidelines] and their applicability to Islamic Banks - Corporate Governance at IFIs - Corporate
Governance In Islam - Corporate Governance processes and policies in Islamic Banks - Guiding
principles for Corporate Governance at Islamic Banks.
Module – 3 (20 hours) -The Shariah Supervisory Board - Fit and proper requirements and the
selection process - Internal Shariah Advisor/Officer - Roles and Responsibilities - Monitoring,
reporting and Audit structures Assessment of effectiveness - Separation of parties (Shareholders
Vs. Management)
Module – 4 (20 hours) -Conventional Banking Regulation and Supervision requirement [ BASEL,
BOFIA,etc Principles and Guidelines] - Microfinance Legal Frameworks, Regulations and Policy -
How the overall regulatory framework affects the integrations of microfinance institutions into
the financial system - Banking regulation and supervisions in an Islamic framework - Information
disclosure
The Role, Functions and Challenges Of Central Banks In Regulation And Supervision Of Islamic
Banks.Comparative Study of Islamic Banking And Islamic Banking Regulations And Supervisions in
U.K ,Malaysia - Shariah Advisory Board quality of Islamic Banking Supervision and Regulation.
Reference
Corporate Governance: Principles, Policies and PracticesBy Bob Tricker – Oxford Publications
An Islamic Perspective on GovernanceByZafarIqbal, ZafarIqbal, Mervyn Lew
----------------------------------------------------------------------------------------------------
CORE 09- ISLAMIC MICRO FINANCE SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 5
NO. OF CREDITS - 4
NO. OF CONTACT HOURS - (4 hrs/wk)
Objective
To know the role of micro finance in the financial sector.
To understand the micro finance aspects of Islamic banking.
COURSE OUTLINE
Module – 1 (20 hours)-Introduction to Microfinance - Definitions vis-à-vis microfinance and
microcredit - From moneylenders to Microfinance: History, and recent development.
The Demand for Microfinance Services - Credit: Consumption and Productive – Savings -
Insurance Remittances - Housing Finance - Microleasing, etc. The Supply of Microfinance Services
- Microfinance Institution - NGOs - Bank Linkages -Microfinance Delivery Models [GREMEEN,
ASA, BRAC].
Islamic aspects of micro finance
Module – 2 (20 hours)
Concept of Marketing in Microfinance - Application of 5Ps of marketing - Marketing Ethics in
Islamic Banking - Qualities and criteria of IB marketing personnel - Packaging Islamic Microfinance
Products - Success factors in marketing Islamic Microfinance Products - Uniqueness of Islamic
Microfinance Products - Effective ways in marketing of Islamic Microfinance Products - Building
Customer Relations and Care - Effective communication with Customers - Managing difficult
customers
Module – 3 (15 hours)
Risk Management in Microfinance - Types of risks faced by MFI - Measuring the different risk
exposures MFI - Developing and implementing strategies for risk management for MFIs
Module – 4 (20 hours)
Transformation of Microfinance from Conventional to Islamic Operations - Defining
transformation and its imperative for MFI - Factors leading to the need for MFIs to transform -
Legal alternatives for transformation - Institutional changes necessitated by transformation -
Changes faced by transforming MFIs
Reference
An Islamic Microfinance Enterprise: The Financial Vehicle That Will Change the Face of the Islamic
World, The Power of Salam Financing by BySaad Al-harran, Dr., Alfred Yong FohSen, Sri Anne Haji
Masri.
An Introduction to Islamic Microfinance" - Dr. M. Obaidullah
---------------------------------------------------------------------------------------------------------------------
CORE 10-RISK MANAGEMENT IN ISLAMIC FINANCE
SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 5
NO. OF CREDITS - 4
NO. OF CONTACT HOURS - (4 hrs/wk)
Objective
To understand various types of risks in Islamic finance
To study the techniques of risk management in the Islamic finance institutions.
COURSE OUTLINE
Module – 1
Control and Risk Assessment in Islamic Financial Institutions
Basic principles of risk management - The concept of risk in Islam - Types of risks - Business risks –
displaced commercial risk, withdrawal risk, solvency risk - Governance risk-fiduciary risk,
operational risk, transparency risk - Transaction risk – credit risk, market risk, mark-up risk, PLS
risk - Treasury risks-assets and liability management, liquidity risk, hedging risk - Systemic risks-
regulatory risk, business environment risk, institutional risk, reputational risk.
Module – 2
Mitigating risk through third party guarantees - The Methodology of analyzing risk in IFI
transactions - Risk Management in Microfinance - Types of risks faced by MFIs - Measuring the
different risk exposures MFIs - Developing and implementing strategies for risk management for
MFIs
Module – 3 -Risk Profile: Analysis
Analyzing Risk Profiles in Equity-based instruments - Detecting risk in Mudaraba, Wadia and
Amana products - Comparing Mudaraba-based products with conventional products - Identifying
the risks in Mudaraba structuring - Risk weighing for Mudaraba structures - Identifying key
methods of risk management for Mudaraba - Analyzing Risk Profiles of Musharaka and
Diminishing Musharaka - Detecting risk in Musharaka and Musharaka Diminishing - Reviewing the
structures of Musharaka and Diminishing Musharaka - Managing the risk in Musharaka and
Diminishing - Risk profile of Musharaka and Diminishing - Analyzing Risk Profiles in Sale-based
Instruments
Detecting risk in Murabaha
Module – 4
Identifying the risks - Managing the risks - Analyzing Risk Profiles in Lease-based Instruments
Detecting risk in Ijara - Reviewing alternative Ijara structures - Risk Profiling of Ijara structure
Disclosure and management of Ijara - Analyzing Risk Profiles in Forward Sale Instruments -
Reviewing alternative Salam and Istisna structures - Risk profiling of Salam structures - Risk
profiling of Istisna structures - Disclosure and management
Reference
Economic enterprises in Islam – Najathulla Siddiqui.
--------------------------------------------------------------------------------------------------------------------
PROJECT WORK : DESIGNING AN ISLAMIC FINANCE PRODUCT
(To be continued in VI th semester) SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 5
NO. OF CREDITS - -----
------------------------------------------------------------------------------------------------------------------
CORE 11-COMPUTERISED ACCOUNTING WITH TALLY SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 6
NO. OF CREDITS - 4
NO. OF CONTACT HOURS - (5 hrs/wk)
Objective:
To enable the students to acquire basic knowledge in the computerised accounting systems and
its applications in the area of business.
COURSE OUTLINE
Module I 10hours)
Introduction to accounting - accounting basis and terms - branches of accounting - mode of
accounting - manual accounting - computerized accounting fundamentals.
Module II (10 Theory hours and 10 practical hours)
Accounting with Tally - Introduction to Tally - tally interface - f11 features-f12 configuration -
company creation - accounting groups - accounting ledgers - accounting vouchers – vouchers
entry.
Module III (10 Theory hours and 10 practical hours )
Inventory management with tally - stock groups - stock items - stock category - unit of measures–
godown inventory vouchers (Pure inventory and inventory vouchers)
Module IV (15 theory hours and 5 practical hours )
Accounting and inventory reports - Trading, Profit and loss A/c - balance sheet - ledgers cost
centre and budget reports - cash book and bank book - inventory reports - Decision supporting
tools - Ratio analysis - cash flows - fund flow-budgeting system - printing of reports – voucher and
bill printing etc.
Module V (15 theory hours and 5 practical hours)
Technology advantage of Tally - Tally audit - Tally vault-back up, restore, merge and split o
fdatabase - ODBC interface - export and import of data - web enabled reporting - online support
of software.
Reference Books
1.A.K. Nadhani and K.K. Nadhani – Implementing Tally 6.3, I/e BPB Publications; New Delhi
2. Namrata Agarwal – Tally 6.3; 2004 edition; Dream Tech; New Delhi
3. Tally, Sridharan, Narmadha publications, May 2
---------------------------------------------------------------------------------------
CORE 12- ISLAMIC FUND MANAGEMENT AND SECURITRY MARKETING
SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 6
NO. OF CREDITS - 4
NO. OF CONTACT HOURS - (5 hrs/wk)
Objective
To overview the concepts of fund management in Islamic Finance.
To study the different kinds of securities in the Islamic finance.
COURSE OUTLINE
Module – I
Introduction: Nature, scope and objectives of financial management - Time value of money and
mathematics of Finance - Concept of risk and return.
Working Capital Management: Meaning and nature of working capital - Determination of
working capital requirement - A brief overview of Cash management, Inventory management and
Receivables management.
(Theory and problems may be in the ratio of 50% and 50%respectively)
Module – 2 -Islamic Asset and Fund Management - Islamic Perspective of Wealth - Purpose of
Investment in Islam - Prohibited Industries and their Problems - The Islamic Stock selection
process and the role of the Shariah Supervision Board - The Crisis in Global Wealth Management,
US and Asia experience
Module – 3-Islamic Capital Market Instruments - The hierarchy of capital markets: where do
Islamic products - Islamic position in conventional stock market - Islamic investment purification
principles.
Commodity Murabaha - Islamic leasing - Islamic Equity Market Funds - Real Estate Investment
Trusts - Islamic Hedge Funds - Islamic Rating Systems - Islamic Market Indices - Dow Jones Islamic
Market index (DJIM) - FTSE Global Islamic Index Series - Factors affecting innovation in Islamic
Banking and Capital Market
Module – 4 -Islamic Securitization - Securitization for conventional banking products -
Securitization for Islamic Banking Products - The driving forces behind securitization - What are
the Shariah requirements for securitization?
Module – 5 -Islamic Bonds (Sukuk) - Sukuk basis - How have Sukuk evolved - How do Sukuk differ
from conventional bonds - AAOIFI Sukuk standards - Alternative Sukuk structure - Sukuk and the
private sector - Rating Sukuk - Risks associated with Sukuk
Reference
1.Horne, J.C. Van: “Financial management and policy”,Prentice Hall of India New Delhi.
2.Khan and Jain:“Financial Management text and problems”,Tata McGrawHill New Delhi
3. Pandey, I.M: “Financial Management”, Vikas Publications.
4. Bhalla, V.K.: “Financial Management & Policy,” Anmol Publications, Delhi
5. Chandra, P: “Financial Management- theory and practice”, Tata Mc Graw Hill.
6 Singh, J.K.: “Financial Management- text and Problems”, Dhanpat Rai and Company,
Delhi.
---------------------------------------------------------------------------------------------------------------------
CORE13- CORPORATE GOVERNANCE IN ISLAMIC FINANCE
SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 6
NO. OF CREDITS - 4
NO. OF CONTACT HOURS - (5hrs/wk)
Objective
To understand the importance of corporate governance in different kinds of business
organization.
To describe the ethical elements of Islamic Finance
COURSE OUTLINE
Module – 1 (15 hours) -Corporate Governance– concepts – scope – the significances of
constitutions for corporate entities - difference between governance and management –
corporate governance in sole trading concern, partnership and companies.
Module – 2 (20 hours) -International Corporate Governance Guidelines [including SEC
guidelines] and their applicability to Islamic Banks - Corporate Governance at IFIs - Corporate
Governance In Islam - Corporate Governance processes and policies in Islamic Banks - Guiding
principles for Corporate Governance at Islamic Banks.
Module – 3 (20 hours) -The Shariah Supervisory Board - Fit and proper requirements and the
selection process - Internal Shariah Advisor/Officer - Roles and Responsibilities - Monitoring,
reporting and Audit structures Assessment of effectiveness - Separation of parties (Shareholders
Vs. Management)
Module – 4 (20 hours) -Conventional Banking Regulation and Supervision requirement [ BASEL,
BOFIA,etc Principles and Guidelines] - Microfinance Legal Frameworks, Regulations and Policy -
How the overall regulatory framework affects the integrations of microfinance institutions into
the financial system - Banking regulation and supervisions in an Islamic framework - Information
disclosure
The Role, Functions and Challenges Of Central Banks In Regulation And Supervision Of Islamic
Banks.Comparative Study of Islamic Banking And Islamic Banking Regulations And Supervisions in
U.K ,Malaysia - Shariah Advisory Board quality of Islamic Banking Supervision and Regulation.
Reference
Corporate Governance: Principles, Policies and PracticesBy Bob Tricker – Oxford Publications
An Islamic Perspective on GovernanceByZafarIqbal, ZafarIqbal, Mervyn Lew
--------------------------------------------------------------------------------------------------------------------
CORE 14- SECURITY ANALYSIS AND PORTFOLIO MANAGEMENT
(Investment Management)
SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 6
NO. OF CREDITS - 4
NO. OF CONTACT HOURS - (5 hrs/wk)
Objectives:
To familiarize the students with the world of investments.
To provide a theoretical framework for the analysis and valuation of investments.
COURSE OUTLINE
Module I 18 Hours
The Investment Environment: The investment decision process - Types of Investments
Commodities, Real Estate and Financial Assets - security market indices Sources of financial
information - Concept of return and risk.
Module II 10 Hours
Fixed Income Securities: Bond features - types of bonds - estimating bond yields - types of bond
risks - default risk and credit rating –Bond valuation
Module III 20 Hours
Approaches to Security Analysis: Fundamental Analysis - Technical Analysis and Efficient Market
Hypothesis - dividend capitalisation models - price earnings multiple approach to equity
valuation.
Module IV 17 Hours
Portfolio Analysis and Financial Derivatives: Portfolio and Diversification -Portfolio Risk and
Return – Introduction to Financial Derivatives - Financial Derivatives Markets in India.
Module V 10 Hours
Investor Protection: SEBI & role of stock exchanges in investor protection -investor grievances
and their redressal system - insider trading - investors’ awareness and activism.
(Theory and problems may be in the ratio of 50% and 50%respectively)
Reference Books:
1. Donald E. Fisher and Ronald J. Jordan: “Securities Analysis and Portfolio
Management”, Prentice Hall, New Delhi.
2. S. Kevin: Security analysis and portfolio Managmennt
3. Sourain, Harry: “Investment Management”, Prentice Hall of India.
4. Francis and Archer: “Portfolio Management”, Prentice Hall of India.
5. Gupta L.C.: Stock Exchange Trading in India; Society for Capital Market Research
and Development, Delhi
CORE 15 PROJECT WORK : DESIGNING AN ISLAMIC FINANCE PRODUCT SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 6
NO. OF CREDITS - 4
Project Work
During the sixth semester every student shall do a project. The student may choose
any topic from the subjects he/she has studied.
The candidate shall prepare and submit a project report to the Department.
The report shall be printed and spiral bound with not less than 50 A4 size pages.
The project report should be submitted to the Head of the Department one month
before the last working day of the sixth semester.
Project work shall have the following stages
o Project proposal presentation
o Field work and data analysis
o Report writing
o Draft project report presentation
o Final project report submission
The project can be done individually.
The candidate shall prepare at least two copies of the report: one copy for
submission to the Department and one copy for the student which he/she has to
bring with him/her at the time of viva voce. More copies may be prepared If the
organization or the guide or both ask for one copy each.
Duration of project work
The duration for project work is 3 weeks.
A certificate showing the duration of the project work shall be obtained from the
supervising teacher or from the organization for which the project work was done
and it shall be included in the project report.
Structure of the report
Title page
Certificate from the organization (for having done the project work)
Certificate from guide
Acknowledgements
Contents
Chapter I: Introduction (Organization profile, Research problem,
Objectives of the study, Research methodology etc.)
Chapter II: Review of literature
Chapters III and IV: Data Analysis (2 or 3 chapters)
Chapter V: Summary, Findings and Recommendations.
Appendix: (Questionnaire, specimen copies of forms, other exhibits etc.)
Bibliography (books, journal articles etc. used for the project work).
Evaluation of project report
The project report shall be subject to internal and external evaluation. The internal
evaluation shall be carried out by the supervising teacher and external evaluation
by the examiners appointed by the University inclusive of Viva-voce examination.
---------------------------------------------------------------------------------------------------
COMPLEMENTARY COURSES The syllabi for complimentary courses of Economics and Commerce departments are prepared by respective boards of studies
Papers codes ------------------------
Complimentary Courses of BA Economics Essentials of Economics
–4 Courses
EC1 CO1, EC2CO1, EC3CO1, EC4CO1
Complimentary Courses of BCom –4 Courses
BC1 CO1, BC2CO2, BC3CO3, BC4CO4
---------------------------------------------------------
SYLLABI FOR COMPLIMENTARY COURSES approved by the Board of Studies in Commerce (UG)
(Ref. U.O.No. 6747/2014/Admn Dated, Calicut University.P.O, 15.07.2014)
BC1C01 MANAGERIAL ECONOMICS Lecture Hours per week : 5 Credits : 4
Internal : 20, External : 80
Objectives:
To enable the students to understand micro and macroeconomic concepts relevant
for business decisions.
To help the students to understand the Application of economic principles in
business management.
Module I Introduction - Definition of Managerial Economics - Objectives - Characteristics - Uses - Decision making and forward planning - Basic economic tools in management economics.
08 Hours Module II
The Concept of Demand and Elasticity of Demand - Demand curve: Individual demand
curve - Market demand curve - Movement along Vs shifts in the Demand curve - Elasticity
of Demand: Price, Income and cross - Demand estimation and demand forecasting -
Concept of Revenue: Average Revenue and Total Revenue - Marginal Revenue and
Incremental Revenue. 12 Hours
Module III Production: Fixed and Variable inputs - Production function - Total, Average and Marginal
Product - Law of variable proportions - Linear homogeneous production function -
Production isoquant - Marginal rate of technical substitution - Optimal combination of
resources - Return to scale - Cost of production - Social and private cost of production -
Difference between economic and accounting cost - Long run and short run cost of
production - Economies and diseconomies of scale. 20 Hours
Module IV Price and Output Decisions Under Different Market Structures: Price and output
decisions under perfect competition, monopoly and monopolistic competition - Pricing
under oligopoly - Kinked demand curve - Price leadership - Pricing under collusion. 10 Hours
Module V A. Pricing Policies and Practices: Factors governing prices - Objectives of pricing policy
Role of cost in pricing - Demand factor in pricing - Consumer psychology and pricing - Pricing methods: Cost-plus or full-cost pricing - Target pricing - Marginal cost
pricing - Going rate pricing - Follow up pricing - Barometric pricing - Customary prices -
Pricing of new products: Penetrating pricing - Price skimming.
B. Macro Economics and Business Decisions: Phases of Business cycle - Evil effects of
cyclical fluctuations on business firms - Minimising effects of Business cycles -
Economic Forecasting for business: Economic and Business forecasting - Uses of
economic forecasts - Methods of economic forecasting - Selecting a forecast -
Evaluating forecasts. 25 Hours
Reference Books:
1. R.L. Varshney and K.L. Maheswari, Managerial Economics 2. D.N. Dwivedi, Managerial Economics 3. Dr. S. Sankaran, Managerial Economics 4. DM Mithani: Business Economics 5. Seth M L Text Book of Economic Theory
6. K K Dewett: Economic Theory 7. Petersen &. "Lewis: Managerial Economics 8. Mote V L peul. S & Gupta G S: Managerial Economics 9. H. Craig Petersen & W. Cris lewis: Managerial Economics 10 Dr. P.N. Reddy and H.R, Appanaiah : Essentials of Business Economics 11 Barry Keating and J. Holton Wilson: Managerial Economics ------------------------------------------------------------------------------------------------------------------------
BC2C02 MARKETING MANAGEMENT
Lecture Hours per week: 5 Credits: 4 Internal : 20, External : 80
Objectives:
To provide basic knowledge about the concepts, principles, tools and techniques of marketing.
To impart necessary knowledge which help the student to choose a career in the field of marketing. To expose the students to the latest trends in marketing.
Module I Marketing: Meaning and definition - Scope and importance - Evolution of marketing
concepts -Modem concept of marketing - Marketing mix - Marketing environment -
Consumer behaviour -Buying motives - Consumer buying process - Factors influencing
consumer buying decision -Market segmentation - Basis-target marketing - Product
positioning - Importance and bases 20 Hours
Module II Product: Meaning and importance – Classification - Concept of product mix – Packaging -
Branding - Brand loyalty and brand equity – Labeling - Product life cycle - New product
development – Pricing - Factors influencing product price - Pricing policies and strategies 15 Hours
Module III Physical distribution: Meaning and importance - Levels of marketing channels -
Wholesaling and retailing - Types of retailing - Factors influencing choice of distribution
channel 10 Hours
Module IV Promotion: Meaning and importance - Promotion mix – Advertising - Personal selling – Sales promotion - Public relation - Factors affecting promotion mix decisions
10 Hours
Module V Rural Marketing : Growing importance - Unique features of rural markets - Market mix
planning for rural market - Service marketing Vs. product marketing - Green marketing -
Social marketing - Relationship marketing - Niche marketing 15 Hours
Module VI E-Marketing: Traditional marketing Vs. E-marketing - Internet marketing - E- advertising -
New trends in internet marketing – E-branding - E-payment systems and security
features in internet. 05 Hours
Reference Books:
1. Marketing Management, S.A. Sherlakar ,. Himalaya.
2. Fundamentals of Marketing, William J Stanton, Me Graw Hill Publishing Co, New
York 3. Marketing by Lamb. Hair, Me Danniel - Thomson. 4. Marketing by Evans &. Berman, 2/e, Biztantra. 5. Marketing - Concepts, strategies by William M Pride. O C Fewell. Biztantra. 6. Marketing Management, Ramaswamy & Namakumari, Macmillan. 7. Marketing Management, Arun Kumar & "Meenakshi. Vikas. 8. Principles of Marketing, Philip Kotler, Armstrong, Pearson Education.
BC3C03 E-COMMERCE MANAGEMENT
Lecture Hours per week: 5 Credits: 4
Internal : 20, External : 80
Objectives: To enable the student to understand basics of E - Commerce To Gain a practical orientation to E-Commerce and E- Business management
Module I Introduction to E- commerce : Meaning and concept - E – commerce V/s Traditional
Commerce - E- Business & E- Commerce - History of E - Commerce - EDI - Importance ,
features & benefits of E- Commerce - Impacts. Challenges & Limitations of E-Commerce -
Supply Chain Management & E – Commerce 15 Hours
Module II Business Models of E - Commerce: Business to Business - Business to customers -
Customers to customers - Business to Government- Business to employee - E- Commerce
strategy -Influencing factors of successful E- Commerce - E-Business Infrastructure -The
internet -Intranets and Extranets - World Wide Web - Voice over IP (VoIP) - The Internet
Standards - The HTTP Protocol - Audio and Video Standards - Managing E- Business
Infrastructure - Web services - New access devices - Future of the internet infrastructure. 25 Hours
Module III Marketing strategies & E- Commerce : Website - Components of website - Concept &
Designing website for E- Commerce - Corporate Website - Portal - Search Engine -
Internet Advertising - Emergence of the internet as a competitive advertising media -
Models of internet advertising - Weakness in Internet advertising - Mobile Commerce. 15 Hours
Module IV Electronic Payment System : Introduction - Online payment systems - Prepaid and
postpaid payment systems - E- cash - E- Cheque - Smart Card - Credit Card - Debit Card -
Electronic purse - Security issues on electronic payment system - Solutions to security
issues - Biometrics - Types of biometrics. 15 Hours
Module V Legal and Ethical Issues in E- Commerce: Security issues in E- Commerce - Regulatory frame work of E- commerce.
05 Hours Reference Books:
1. Turban, Efraim, David King et. el.: Electronic Commerce: A Managerial Perspective,
Pearson Education Asia, Delhi. 2. Dave Chaffey: E-Business and E-Commerce Management, Pearson Education. 3. Kalakota, Ravi: Frontiers of Electronic Commerce, Addison – Wesley, Delhi. 4. Rayport, Jeffrey F and Jaworksi, Bernard J: Introduction to E-Commerce, Tata McGraw
Hill,
New Delhi. 5. Smantha Shurety: E-Business with Net Commerce, Addison - Wesley, Singapore. 6. Rich, Jason R: Starting an E-Commerce Business, IDG Books, Delhi. 7. Laudon, Kenneth C and Carol Guercio Traver: E-Commerce Business, Technology,
Society,
Pearson Education, Delhi. 8. Stamper David A, and Thomas L.Case: Business Data Communications, Pearson
Education,
New Delhi. William Stallings: Business Data Communications, Pearson Education, New Delhi
BC4C04 QUANTITATIVE TECHNIQUES FOR BUSINESS
Lecture Hours per week : 5 Credits : 4
Internal : 20 , External : 80 Objective :
· To familiarize student with the use quantitative techniques in managerial decision making.
Module I
Quantitative Techniques – Introduction - Meaning and definition – Classification of QT - QT and other disciplines – Application of QT in business – Limitations.
05 Hours
Module II
Correlation and Regression Analysis : Meaning and definition of Correlation - Karl
Pearson’s co-efficient of correlation - Rank correlation - Regression – Types -
Determination of simple linear regression - Coefficient of determination.
20 Hours
Module III
Set Theory - Probability: Concept of probability - Meaning and definition - Approaches to probability - Theorems of probability - Addition Theorem - Multiplication Theorem - Conditional probability - Inverse probability - Baye’s Theorem.
15 Hours
Module IV
Theoretical Distribution: Binomial distribution – Basic assumptions and characteristics – Fitting of binomial distribution – Poisson distribution – characteristics - Fitting of Poisson distribution – Normal distribution – Features and properties – Standard normal curve.
15 Hours
Module V
Statistical Inference : Testing of hypothesis – Procedure – Error in testing – Two tail tests and one tail tests – Non parametric tests (Chi-square test only) - Parametric tests – Z test – Test of significance of large samples – Test for two sample means – Small sample mean tests – Students t test – Analysis of Variance – F test – One way ANOVA .
20 Hours
Reference Books :
1. Richard I. Levin and David S. Rubin, Statistics for Management, Prentice Hall of
India, latest edition.
2. S.P.Gupta, Statistical Methods, Sultan Chand, latest edition
3. Sanchetti and Kapoor, Statistics, Sultan Chand.
4. G.C.Beri, “Statistics For Managemet”,Tata Mc Graw Hill, 2003.
5. J.K. Sharma, “Business Statstics:, Pearson, 2004
6. Anderson Sweeney Williams, “Statistics for Business and Economics”, Thomson.
7. R.P.Hooda, “Statistics for Business”, Mc Millan.
8. Levine Krebiel & Bevenson, “Business Statistics”, Pearson edition, Delhi.
SYLLABI FOR COMPLIMENTARY COURSES approved by the Board of Studies in Economics(UG)
Essentials of Economics
Semester I
Essentials of Economics - Micro
Course Category: Complementary Course Course Title and Code: Essentials of Economics-Micro, EC1 C01 No. of Credits: 2 No. of Contact Hours: 54
Module I: Introduction to Economics What Economics is about? – Importance of the study of economics, relation with other social sciences (History, Political Science, Law, Psychology, Sociology). Basic Problems. Micro versus Macro Module II: Theory of Demand Utility, utility function, marginal utility, law of diminishing marginal utility, demand, law of demand. Elasticity of demand and its types. Module III: Theory of Supply Cost, cost function, opportunity cost, variable cost, fixed cost, total cost, marginal cost, average cost, supply, supply function, supply curve, Elasticity of supply and its types. Equilibrium price, market and its classification Module IV: Theory of Production Production function, types of production function (short run and long run), economies of scale. Reference: 1. Dominick Salvatore ‗Microeconomic Theory‘, Schuam‘s Outline Series
Semester II Essentials of Economics-Macro
Course Category: Complementary Course Course Title and Code: Essentials of Economics-Micro, EC2 C01 No. of Credits: 2 No. of Contact Hours: 54
Module I: National Income Concepts and Meaning
GDP and GNP, NDP and NNP. GDP at factor cost and market price, GNP at market price and
factor cost, NDP at market price and factor cost, NNP at market price and factor cost. Personal Income, disposable income, per-capita income. Importance of the estimation of national income, difficulties in estimation of national income. Module II: Major Classical Postulates Say‘s Law of Market, Full employment, wage-price flexibility, leissez-faire Module III: Major Keynesian Concepts Effective demand, consumption, savings, under-employment equilibrium, wage price rigidity Reference
1. Diwedi DN ‗Macroeconomics Theory and Policy‖ Tata Magragel
Semester III
Essentials of Economics-Money, Banking, Finance and Trade
Course Category: Complementary Course Course Title and Code: Essentials of Economics-Money, Banking, Finance and Trade, EC3 C01 No. of Credits: 2 No. of Contact Hours: 54
Module I: Money Definitions and functions of money, demand for and supply of money, Fischer‘s quantity theory of money, inflation and deflation Module II: Banking Role and functions of commercial banks and central bank, monetary policy and its instruments, credit instruments (cheque, draft etc) Module III: Public Finance Public revenue and its sources, public expenditure, public debt, deficit financing, fiscal policy, budget, finance commission. Module IV: Trade Internal and External Trade, Why international trade?, balance of trade and balance of payment, foreign exchange rate, devaluation, revaluation, depreciation, appreciation. Reference 1. Diwedi DN ‗Macroeconomics Theory and Policy‖ Tata Magragel 2. Salvetor D and EA Diulio – Principals of Economics Schuam‘s Outline Series 3. Salvetor D – International Economics Schuam‘s Outline Series
Semester IV
Essentials of Economics-Indian Economy
Course Category: Complementary Course Course Title and Code: Essentials of Economics-Indian Economy, EC4 C01 No. of Credits: 2 No. of Contact Hours: 54
Module I: India as a Developing Economy Major Issues: poverty, unemployment and inequality - causes and remedies Module II: Major Sectors of Indian Economy Importance, contribution and problems of agricultural sector, green revolution, land reforms, Industry: importance, contribution and problems. Services: contribution to the national economy. Impact of economic reforms on major sectors. Module III: Planning Economic planning and its objectives; five year planning in India – achievements and failures Module IV: Kerala Economy Unique features, sectoral contribution, land reforms, decentralized planning, people‘s planning, achievements and challenges in Health and Educational Sectors, Role of Migration and remittances, tourism and development Reference 1. Uma Kapila – (Ed) Indian Economy Since Independence – Academic Fountation – New Delhi 2. Keralapadhanam - KSSP Kozhikode
OPEN COURSES
(for Non-ISLAMIC FINANCE Students) Semester V
1- IFC 5 D01 –A STUDY ON FANDAMENTALS OF ISLAMIC FINANCE
SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 5
NO. OF CREDITS - 2
NO. OF CONTACT HOURS - 54
Objective
To understand basic fundamentals of Islamic finance
For knowing the comparative review of conventional finance and Islamic finance
COURSE OUTLINE
Module – 1
Economic Doctrine of Islam - Introduction and Philosophy - Assumptions of fundamental principles
and their implication - Man and divine guidance: the role of Quran and Sunnah - Islamic Social
Order: Values and ethnics-The political context of Islamic economics - Capitalism,
Communism/Socialism and Islamic Economic Systems
Module – 2
Islamic Banking - Concept and Evolution of Conventional Banking - Evolution and Development of
Islamic Banking - Differences and Similarities between Islamic and Conventional Banking - Primary
Characteristics of Islamic Banks - Prohibition of Interest - Low Consumer Lending - Profit and Loss
Sharing - High Real Sector Investing - Dealing in Halal - The value of money Islamically interpreted -
Prohibition of speculation - Sanctity of contracts - Sharia approved activities - Easy collateral - The
Islamilisation of commercial banking - Islamic banks in western world - Criticism of Islamic banking
Module –
Principles and Techniques of Islamic Finance - The concept of interest (Riba) - Prohibition of Riba
(in Islam and Christianity) - Real and notional interest - Fixed and viable interest - Interest Vs.
Profit - Interest as return - Riba al-Nasial and al-Fadi - Consumption and production loan.
Financing Techniques – Mudaraba – Musharakah – Murabaha - Ijara and
IjarahMuntahiaBittamleek - Salam and Parallel Salam - Istisna’a.
Referances
Islamic Finance: Law, Economics, and Practice By Mahmoud A. El-Gamal Cambridge University Press
Understanding Islamic Finance By Muhammad Ayub - WILEY Publishers
II- IFC 5 D02 - ISLAMIC COMMERICAL LAW
SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 5
NO. OF CREDITS - 2
NO. OF CONTACT HOURS - 54 Hours
Objectives
To understand the basics of conventional Business Law
To study the fundamentals of Islamic Commercial Law and to make a comparative study about two
concepts.
MODULE -1
Fundamentals of Shariah for Islamic Finance Practitioners: Sources of Shariah - Objectives of
Shariah - Operatives legal maxims Definitions of assets in Shariah - Rules of ownership in Shariah -
Essentials of Shariah compliant contracts - Prohibited elements in Shariah: Riba, Gharar, Haram
products and activities.
MODULE –2
Nature of Islamic Business/Financial Contracts: Intermediation contract – Mudaraba - Kitala
(Guarantee) – Takaful - Wakala (Agency contract) - Juala - Hawala (Transfer) - Rahn (Mortgage) -
Transaction Contract– Mudaraha - Bay Salam - Bay Mua’ajal – Ijara – Istisna – Musharaka - Wa’d
(Promise) - Muwada or Mua’hida (Agreement)
MODULE –3
Legal Practices in the Islamic Financial Industry - Shariah principles influencing regulatory
framework for Islamic finance - Foundations of adequate and efficient Islamic finance
environment .
Focused Shariah Council (FSC) - Strong and harmonized legislation - Legal issues to consider in
structuring Shariah compliant products.
References
Elements of Mercantile Law – N D Kapoor
Mercantile Law – M C Shukla
Islamic Commercial Law By Muhammad Yusuf Saleem – WILEY Publishers
II- IFC 5 D03 - ISLAMIC INSURANCE
SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 5
NO. OF CREDITS - 2
NO. OF CONTACT HOURS - 54 Hours
Objective
To know the concepts of conventional and Islamic insurance.
To understand working mechanism of thakaful and its regulatory issu
COURSE OUTLINE
Module – 1 Conventional contract of insurance – kinds of insurance contracts – basic principles:
utmost good faith, insurable interest, indemnity, subrogation, contribution, causaproxima.Co-
insuranceRe-insurance
Module – 2 Islamic Insurance – Takaful
Islamic attitude towards risk - Muslim objections to insurance - Permitted forms of insurance - The
nature and structure of Takaful compare with conventional insurance - The limitations of products
within Islamic Insurance - How to remunerate the insurance operator - The Shariah governance of
Takaful undertakings - The risks and controls within Takaful firms
Module – 3
Business models of thakaful – business structures and regulatory implications – shari’ah principle
governing thakaful contracts – thakaful management models.
Module – 4 (20 hours)
Neo classical and neo corporatist models of Corporate Governance.
Corporate Governance Issues in the Insurance Industry.
Corporate Governance Issues in Thakaful
Reference
Takaful Islamic Insurance: Concepts and Regulatory Issues edited by Simon Archer, Rifaat Ahmed
AddelKarim, Volker Nienhaus – WILEY PUBLISHING.
Islamic Insurance: A Modern Approach to Islamic Banking ByAlyKhorshid
Islamic Insurance: Trends, Opportunities and the Future of Takaful edited by SohailJaffer –
EUROMONEY PUBLISHING.
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ELECTIVE COURSES
(for ISLAMIC FINANCE Students)
Semester VI
1-IFC6E01-ISLAMIC FINANCIAL INSTITUTIONS
SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 6
NO. OF CREDITS - 2
NO. OF CONTACT HOURS - 54 Hours
Objective
To understand institutional setup for Islamic finance institutions globally.
To know the conversion of interest based baking to Islamic finance
COURSE OUTLINE
Module – 1 -Framework of Islamic financial institutions–overview of Islamic financial system –
Islamic banking operations – the evolution of Islamic banking – theoretical considerations of
Islamic financial system.
Module – 2 -Conversions of Interest Based Banking to Islamic Banking - The General Approach -
Conversion on the Assets Side - Participative Finance - Treasury Management - Islamic Window -
Islamic Branch/Unit - Islamic Subsidiary - Trade Finance - Documentary Collection and the passing
of title - Diagramming the main Shariah issues for LPOs/LOCs - Diagramming of sales and
partnership with LPOs/LOCs - Diagramming a sales contract and shifting it into a credit instrument
- Pure Murabaha Import LOC - Agency Murabaha LOC
Module – 3 -The Intenational Association of Islamic Banks (IAIB) - The Higher Riligious
Supervisory Board and Dar Al-Maal Al-Islami - Islamic Development Banks and its Role – Islamic
Banks operations in Iran, Pakistan, Malaysia and Turkey.
Module – 4 Islamic insurane institutions across the world – Islamic fund management institutions
in the international scenario.Islamic banking operations in India-Islamic stock exchange indices all
over the world – Indian Indices – BSE shari’ah Index – operative mechanism.-Overview of Islamic
venture capital institutions in India.
Reference
Directory of Islamic Financial Institutions (RLE: Banking & Finance) edited by John R R Presley
ROUTLEDGE LIBRARY EDITIONS.
Islamic Financial Institutions of India - Progress, Problems and Prospects - Mohammad
GhousIkhtiyarrudinBagsiraj.
II- IFC6E02- STUDY ON ISLAMIC BANKING SYSTEM SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 6
NO. OF CREDITS 2
NO. OF CONTACT HOURS - 75 Hours Theory (4 hrs/wk)
Objectives
To know the basics of conventional banking and Islamic banking.
To overview the pros and cons of conventional and Islamic banking.
COURSE OUTLINE
Module – 1 -Conventional Commercial Banking – working mechanism – deposit schemes and its
functioning – lending schemes – other supporting services offered by commercial banks – profit
making of commercial banking – interest rates for deposit schemes and lending.
Module – 2 -Structure of an Islamic Bank - Structure of an Islamic Bank/Islamic Banking Model - The Islamic
Banking Markets: Funds Mobilization and utilization.
Financial Instruments being used to mobilize funds: Current Account - Saving Account -
Investment Account - Specific purpose investment account - General purpose investment account
Module 3-Financial instruments being used to utilize funds - Equity financing - Project financing
under the principle of Al-Mudaraba (Trustee Financing) -Project Financing under the principle of
al-Musharaka (Equity Joint Venture) - Al-QardAlhassan.
Debt Financing - Trading Financing - Commodity ventures as the basis of Murabaha - Letter of
credit under Al-Wakalah, Al-Mushariaka and Al-Mudarabaha.
Letter of Guaranntee - Financing working capital under Al-Murabaha - Rental (Venture and
Financing (Ijarah) - Equity Lease Purchase - Equity Hire Purchase - Partnership Venture - Personal
Finance - Trade Finance Deal - Company Business Financing - Finishing work capital under the
principle of Al-Murabaha - Mortgage Financing - Procedure of Assessment of Profit/Loss Sharing.
Module – 4 -Balance Sheet and Income Statement Analysis of Islamic Banks and Other Accounting
Issues - Document and Documentation for Islamic Banks.
Challenges for Islamic Banks
Conversion of conventional banking to Islamic Banking.
References Islamic Banking by Mervyn Lewis, Latifa M. Algaoud Islamic Banking: How to Manage Risk and Improve Profitability By Amr Mohamed El Tiby Ahmed –
WILEY Publishing.
Banking theory and practice – K C Shekhar
Banking theory: Law and Practice – Rajesh, McGraw Hill Publisher
III -IFC6E03- MARKETING OF ISLAMIC BANKING PRODUCTS
SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 6
NO. OF CREDITS - 2
NO. OF CONTACT HOURS - 75 Hours Theory (4 hrs/wk)
Objective
To understand about the marketing activities in Islamic banking.
To know the role of marketing in the international Islamic financial institutions to expand its
operations.
COURSE OUTLINE
Module – 1 (20 hours)
Concept of Marketing Application of 5Ps of marketing
Product, Price, Promotion, Place and People
Marketing Ethics n Islamic Banking
Qualities and criteria of IB marketing personnel
Module – 2 (15 hours)
Packaging Islamic Banking Products
Broad categories of banking activities
Customers expectation
Module – 3 (20 hours)
Success factors in marketing Islamic Banking Products
uniqueness of Islamic Banking Products
Effective ways in marketing of Islamic Banking Products
The do’s and dont’s in marketing
Module – 4 (20 hours)
Building Customer Relations and Care
Recognizing the importance of the customer
Opportunities and responsibilities when facing customers
Effective communication with Customers
Personalizing customer contact
Building businesses through customer contacts Managing difficult customers
Reference
Economic enterprises in Islam – Najathulla Siddiqui.
Studies in Islamic Economics – Kurshid Ahammed.
Marketing Management – Philip Kotler.
COMMON PAPERS
REVISED SYLLABUS FOR COMMON COURSES 2014-15 ONWARDS
CODE. ENG1 A01 1. OBJECTIVES OF THE COURSE
To train learners in the Basic English Language Skills, word building, soft skills and effective communication
2. COURSE DESCRIPTION
Module 1: English for Communication 10 hours Module 2: Primary Skills 15 hours Module 3 : Secondary Skills 15 hours Module 4: Grammar 20 hours
Evaluation 12 hours Total 72 hours
COURSE CODE ENG1 A01
COURSE CODE ENG1 A01
SEMESTER IN WHICH THE COURSE TO BE 1 TAUGHT
NO. OF CREDITS 3
NO. OF CONTACT HOURS 72 (4 hours/ week)
A.Core Text Module 1. English for Communication
1. Communication and Language 2. English as a Global Language
Module 2.Primary Skills
1. Listening 1. Listening to a conversation 2. Listening to a speech 3. Listening to a lecture
2. Speaking
1. Greeting 2. Thanking 3. Requesting
4. Enquiring 5. Explaining 6. Reporting 7. Permission 8. Pronunciations of English
i. Introduction to phonetics ii. Received Pronunciation iii. Vowels and Consonants
Syllables and Word Stress Module 3. Secondary Skills
1. Reading
1. News reports 2. Charts 3. Advertisements 4. Official Letters/Documents 5. Online Content 6. Reading Poem” An October morning” 7. Reading Poem” Hawk Roosting” 8. Reading the essay,” How to escape from intellectual rubbish” 9. Reading the essay “On the need for a quiet college ”
2. Writing
1. Sentence 2. Paragraphs 3. Reports 4. Letters 5. Resumes and Cover Letters 6. Emails 7. Making Notes 8. Blogs 9. Punctuations
Module 4. Grammar iii. Word Class jjj. Subject – Verb Agreement kkk. Tenses lll. Articles mmm. Phrases ,Clauses and Sentences nnn. Voices ooo. Idioms
Appendix
Code Title Author Publisher & Year
ENG1
A01 The Four Skills for Communication Dr. Josh Sreedharan Cambridge UP, 2014
CODE. ENG1 A02 1. OBJECTIVE OF THE COURSE
a. To introduce learners to representative English prose from different cultural and geographical backgrounds
b. To cultivate their tastes in drama c. To expose to logical and imaginative writing
3. COURSE DESCRIPTION
Module 1: Prose 40 hours
Module 2: Drama 40 hours Evaluation: 10 hours
Total: 90 hours
COURSE CODE ENG1 A02
TITLE OF THE COURSE
SEMESTER IN WHICH THE COURSE TO BE 1 TAUGHT
NO. OF CREDITS 3
NO. OF CONTACT HOURS 90(5hrs/wk)
)
COURSE CODE ENG1 A02
A. Core Text Module 1. Prose
1. Gandhiji as a School Master : M.K.Gandhi 2. Women’s Role in the National Movement : Subhash Chandra Bose 3. Martin Luther King and Africa: Chinua Achbe 4. Ambedkar’s Constituent Assembly Speech: Dr.B.R.Ambedkar 5. Why I Want a Wife : Judy Brady
6. In Search of Sweet Peas: Ruskin Bond
Module 2. Drama
1. Never Never Nest: Cedric Mount 2. Refund: Fritz Karinthy 3. Soul Gone Home : Langston Hughes
Code Title Author Publisher & Year
ENG1 A02 Modern Prose and Drama Dr. Zainul Abid Kotta Oxford UP, 2014
ENG2 A03
COURSE CODE ENG2 A03
TITLE OF THE COURSE
SEMESTER IN WHICH THE COURSE TO BE 2 TAUGHT
NO. OF CREDITS 4
NO. OF CONTACT HOURS 72(4hrs/wk)
1. OBJECTIVES OF THE COURSE
a. To acquaint the students with Short Stories b. To cultivate their tastes in English Poetry c. To expose to imaginative writing
2. COURSE OUTLINE
1. Module 1. Poems 30 Hrs 2. Module 2 .Short Stories 30 Hours 3. Evaluation 12 hours
Total 72 Hours
COURSE CODE ENG2 A03 A. Core Text Module 1. Poetry
I. “On his Blindness” : John Milton J. “To his Coy Mistress” : Andrew Marvel K. “Ulysses”: Lord Tennyson L. “Ode to Nightingale”: John Keats M. “My Last Duchess”: Robert Browning N. “Indian Summer”: Jayanth Mahapatra
O. “Journey of the Magi”: T.S.Eliot
Module 2. Short Stories
1. The Luncheon : Somerset Maugham 2. Karma: Kushwant Singh 3. The Model Millionaire: Oscar Wilde 4. The Night the Ghost Got in : James Thurber
Code Title Author Publisher & Year
ENG2 A03 Inspiring Expressions Prof. Muhammed Black Swan, 2014 Ayub Kallingal
CODE. . ENG2 A04
COURSE CODE ENG2 A04
TITLE OF THE COURSE
SEMESTER IN WHICH THE COURSE TO BE 2 TAUGHT
NO. OF CREDITS 4
NO. OF CONTACT HOURS 90(5hrs/wk)
1. Objectives of the Course
To introduce learners to various issues in the contemporary society To create an awareness of preservation of the environment and nature To inculcate the spirit of social life, values, duties and rights
2. COURSE DESCRIPTION
Module 1: Social Issues 20 hours Module 2: Environment 20 hours Module 3: Gender 20 hours Module 4: Human Rights 18 hours Evaluation 12 hours Total 90 hours
COURSE CODE . ENG2 A04
A. Core Text Module 1. Social Issues
1 The Social Cause of Economic Globalization : Vandana Siva 2 Unity Amidst Diversity: Dr. Rajendra Prasad
Module 2. Environment
1. Man and Nature in India: Dr. Salim Ali 2. Climatic Change in Human Strategy: E.K.Federov
)
Module 3. Gender
1. Widow: G. Venkat Chalam 2. More than 100 million Women Missing : Amartya Sen
Module 4. Human Rights
1. Stigma, Shame and Silence: Kalpana Jain 2. I am Happy, Don’t you believe :Santhosh John Thooval
Publisher Code Title Author &Year
ENG2 A04 Readings on Society Dr. K.P. Nanda Kumar Cosmo, 2014
ENG3 A05
COURSE CODE ENG3 A05
TITLE OF THE COURSE
SEMESTER IN WHICH THE COURSE TO BE 3 TAUGHT
NO. OF CREDITS 4
NO. OF CONTACT HOURS 90(5hrs/wk)
5. OBJECTIVE OF THE COURSE
To inculcate native feelings among the learners To provide contemporary cultural and social awareness of Kerala through English
2. COURSE DESCRIPTION
Module 1: Extracts from Native Print Media 30 hours Module 2: Extracts from Visual Media 30 hours Module 3: Extracts from Internet 18 hours Evaluation 12 hours Total 90 hours
COURSE CODE . ENG3 A05 Core Text
Module 1 Extracts from Print media
1. Achadi, drishyam, samoohya madhyamangalude samakaliga samanvayam. A speech by Sasi Kumar, Director College of journalism. Appeared in Malayalam weekly 17 January 2014
2. “Young Indians have become more superstitious”. By Shalini Singh. An interview/Jayant Vishnu Narlikar, Astrophysicist (The Week 1 February 2014)
3. Interview- Bill Gates. “India did not get anything wrong’’ from Outlook. 10 June 2013
Module 2 Extracts from Visual Media
1. “Television reality shows. Satyamevajayate” Episode s 2. Break the Silence 4. Every Life is Precious, 10. Dignity for All.
2. “Analyzing Television Commercials”
3. Doc film: “Only An Axe Away” (Malayalam/40min/20 04/DV) by P.Baburaj and C. Saratchandran
Module 3 Extracts from Internet
1. “The Internet and Youth Culture”. Gustavo S. Mesch.
http://www.iasc-culture.org/THR/archives/YouthCulture/Mesch.pdf 2. “Writing online: websites, blogs and social network ing” ( model business
letters, emails… Shirley Taylor) 3. “How Google has changed our Language”. ( Integrated advertising, promotion
and Marketing communications. By Kenneth E. Clow et al 266-67)
4. Short films on internet A. Facebook Short film – Status Updated by Abhinav Sunder Nayak B .Applied? By Nitin Menon
Code Title Author Publisher & Year
ENG3
A05 Native Media in English Prof. Mahamood Pampally & Pearson,2014 K.Rizwana Sultana
CODE. ENG4 A06
COURSE CODE ENG4 A06
TITLE OF THE COURSE Reading Fiction and Non Fiction
SEMESTER IN WHICH THE COURSE TO BE 4 TAUGHT
NO. OF CREDITS 4
NO. OF CONTACT HOURS 90(5hrs/wk)
3. OBJECTIVES OF THE COURSE
i. To develop reading fictional and nonfictional works from a national perspective. j. To improve language skills through literature k. To promote writing narratives.
4. COURSE DESCRIPTION
Modules 1: An Indian English Popular Fiction 30 hours Module 2: A section from an Autobiography of an Indian 30 hours Module 3: A travelogue by a Malayali writer in translation 18 hours Evaluation: 12 hours Total 90 Hours
COURSE CODE ENG4 A06
ii. Core Text Nampally Road: Meena Alexander Sunny Days, Chapters 1,9,23 : Sunil Gavaskar In the Land of Africans: S.K.Pottekkat
Code Title Author Publisher & Year
ENG4 A06 Reading Fiction and Non Fiction Dr. Josh Sreedharan Cambridge UP, 2014
COMMON PAPERS
SECOND LANGUAGE
I- CODE. AR1A07(1) SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 1
NO. OF CREDITS - 4
NO. OF CONTACT HOURS - (4 hrs/wk)
Aims and Objectives
•To teach the students the basics of interpersonal interaction in Arabic
•To train the students to communicate in Arabic in selected situations
Module 1. Interpersonal Interaction
•Knowing each other
•The traveler
•The picture
•The lunch
•Accommodation
Module 2. Situational Conversation I
•The Family
•Are you sure?
•I am a student
•The street is crowded
•What is your opinion?
Module 3. Situations Conversation II
•What is your Hobby?
•How to make friends?
•Why were you absent?
•What do you prefer?
•I wake up early
Module 4. General Conversation
•When do you go to the College?
•How do you feel now?
•What's the reason?
•A sad news
•Now I am a grown up man
(Note: Each chapter followed by additional exercises for practice)
Prescribed Text Book : Muhadasath Youmiyya Edited by : Dr. Mohammed Haneefa. P Books for reference : Al Arabiyya Linnashieen, Part 1 & 2
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II-CODE. AR2A09(2)
SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 2
NO. OF CREDITS - 4
NO. OF CONTACT HOURS - (4 hrs/wk)
Unit 1
A.1. Min Nooril Quran
B.4. Al Iktibar
C.5. Risalath Al Masjid fil Islam
Unite 2
A.2. Minal Hadith Al Naba viyyi
B.3. Kuthbath Umar Bin Abdul Aziz
C.8. Al Islam (Poetry)
Unit 3
A.6. Riskun Minassamae
B.7. Al Sharaf
C.9. Al Wafa Wal Haya
Core Text: "Al Nusus Al Adabiya"
edited by
Jabir Amani
Al Huda Book Stall,Calicut-2
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III- AR3A09(2) COMMERCIAL ARABIC -Paper I
SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 3
NO. OF CREDITS - 4
NO. OF CONTACT HOURS - (4 hrs/wk)
COURSE OUTLINE
Unit 1
1- Letter writing (Page 15-24)
2- Correspondence (Page 26-80,ten letters)
Unit 2
3- Job Applications (Page 82-95, 6 applications)
4- Advertisements and Notifications
(Page 102-112, Ten advertisements)
Unit 3
5- Tenders and quotations (Page 132-147, Ten examples)
6- Employment abroad (Page 150-157, 5 examples)
Unit -4
1-Chapter -5 ,Business arabic (page 187 )
2-Chapter-6 Business Arabic (Page 207)
3-Chapter 9 Business Arabic ( first half of the total nos .only –Page -301)
.
Priscribed Text Book : A hand book of Commercial Arabic -New edition
by Dr. K.P. Aboobacker
Books for reff;
1-Technical, Business, Legal and Journal Arabic-
Dr.TP Mohammed Abdul Rasheed/Alhudha Bookstall-Calicut
2- The Commcrcial Arabic
Prof:VP Abdul Hameed
3- Bussiness Arabic By- Dr. AI Rahmathullah alicut/ Alhuda Bookstall , Calicut-2
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IV - AR2A10(2) COMMERCIAL ARABIC -Paper II
SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 4
NO. OF CONTACT HOURS - (4 hrs/wk)
COURSE OUTLINE
Unit 1
1- Certificates and documents (Page 174 – 191, Ten certificates)
2- Glossary of idioms and expressions (Page 276 – 282)
I. Banks and accounts (Page 294 – 296)
Unit -II
3-correspondence (page-305-313)
4-journalistic style and expression (page-314-319)
Unit III
1- Chapter -6 Money markets and commercial translation (page 230 -264
2- Bussiness Arabic-By- Dr. AI Rahmathullah
Priscribed Text Book : A hand book of Commercial Arabic
by Dr. K.P. Aboobacker
Books for reff;
1-Technical, Business, Legal and Journal Arabic-
Dr.TP Mohammed Abdul Rasheed/Alhudha Bookstall-Calicut
2- The Commcrcial Arabic
Prof:VP Abdul Hameed
3- Bussiness Arabic By- Dr. AI Rahmathullah alicut/ Alhuda Bookstall , Calicut-2
Complementary Courses for other Programmes
Complimentary Courses prescribed for any BA Programme approved
by the Board of Studies in Islamic Finance
Islamic Commercial Law and Contract
Semester Course Code Course Title
Semester I IFC1 C05 Islamic commercial Law and Contract – I Semester II IFC2 C05 Islamic commercial Law and Contract – II
Semester III IFC3 C05 Islamic commercial Law and Contract – III Semester IV IFC4 C05 Islamic commercial Law and Contract – IV
Fundamentals of Islamic Economics
Semester Course Code Course Title
Semester I IFC1 C06 Fundamentals of Islamic Economics – I
Semester II IFC2 C06 Fundamentals of Islamic Economics – II Semester III IFC3 C06 Fundamentals of Islamic Economics – III
Semester IV IFC4 C06 Fundamentals of Islamic Economics – IV
IV. Islamic Commercial Law and Contract
Semester I
Islamic commercial Law and Contract – I
Course Category: Complementary Course
Course Title and Code: Islamic Commercial Law and Contract – I, IFC1 C05
No. of Credits: 2
No. of Contract Hour: 54
Module 1 Islamic Law of contract:
Principles of Islamic business – classification of contracts – contract of exchange
– contract allowing the transfer of the usufruct – partnership contract – security
contract – the legality of foreign exchange transaction
Module 2 Islamic Asset and Fund Management:
Principles and constraints of Islamic fund structures – Islamic investment
products – Islamic stock selection process – Islamic fund performance – liquidity
strategies – structure, marketing and distribution – incorporation, authorization
and regulation – the Shariah committee and fund management
Module-3 Islamic Bond Market (Sukuk):
Definition – management – characteristics – structuring Sukuk transactions –
AAOIFI standards – capital market consideration relating to Sukuk
Module-4 Venture capital:
Features – selection of investment – stages of financing – early stage financing,
social round financing, later stage financing. Equity financing – Islamic
syndication – Qard Hasan
Books for reference:
1. Islamic law of Contracts & Business Transactions by MT Mansuri, Adam
Publishers & Distributors, 2006
2. Khiyanatul amaanah wa atharuha fil uqud al maaliya fil sharia’ al Islamiya
by Dr. Muahammad Oleiwi Nasir, Dar al thaqafa linnashr wal tawzi’
3. Contracts in Islamic Law by Hussein Hassan, Publishers: IB Tauris 2005
4. Fundamentals of Islamic Money and Capital Markets By Azmi Omar,
Muhammad Abdul, Raditya Sukman
1.
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Semester II
Islamic commercial Law and Contract – II
Course Category: Complementary Course
Course Title and Code: Islamic Commercial Law and Contract – II, IFC2 C05
No. of Credits: 2
No. of Contract Hour: 54
a. Introduction
Honesty in commercial dealings is an important factor behind a successful
society. A Just social milieu censures political chicanery and economic
exploitation as strongly as social excesses and individual dishonesty.
Indeed, a true society is based upon honesty, justice and fraternity, and is
absolutely intolerant of dishonesty in all its forms. That is the reason why
perfect honesty in business and truthfulness in trade are much
emphasized by the Prophet Muhammed who urged his followers to adopt
trade as their profession and exhorted them to observe truthfulness and
honesty in their business transactions. His teachings emphasized on food
earned through unlawful means.
b. Objective
This course gives a clear idea of the rules on trading based on the sayings of Prophet Muhammed with a focus on what deals are permissible (“Halal“) or forbidden (“Haram“). These rules apply to any market or other types of trading. Trading in shares, derivatives, insurance and other forms of risk are also covered.
c. Learning outcome
Passing out this course the students are expected to learn the business ethics and lawful and unlawful business deals according to the sayings of the Prophet.
d. Syllabus
Module 1: Legal and illegal things clearly defined- explanation of doubtful
things – dark suggestions are doubtful things – earning legally and illegally –
trading of cloth – going out for trading – enlarging sustenance- credit
purchase by Prophet – earnings and manual labour – being easy and
generous in bargaining – giving time to rich person to pay – good and bad
point of transaction – selling mixed dates
Module 2: Riba (usury) the sin of riba giver – Allah will destroy riba – the
blacksmith – the tailor – purchasing animals – the hajjam – sale of
undesirable thing – buying a thing and giving in present – cheating in
business – the markets – weighing and measuring – preferable regarding
measuring – sa’a and mudd – selling and storing foodstuffs – seller urging to
cancel bargain - selling by auction – haba-il-habala – returning an animal –
selling without commission – meeting caravans on the way
Module 3: Barter system – dinars for dinars on credit – silver for gold on
delay payment – muzabana – selling dates on trees – selling fruits before
their benefit is evident – loss of fruit sold before their benefit is evident –
buying dates for a better kind – bai’ al mukhadara – traditions and
conventions in matters of sales – mutual sale of joint property – killing pigs –
sale of dead animals – selling dogs
Module 4: Salam by a specified measure – salam to one having nothing –
informing partner before selling his share – the nearest neighbor – hiring a
pious man – looking after sheep for qirat – to employ from asr till night –
labourer leaving his wages – charging for semen of an animal - rejecting al-
hawala after accepting the same – transferred debt of the dead – giving the
due portion - undertaking debt of a dead person – one partner deputing
another – giving gifts to a deputy – deputy leaving/selling something
Module 5: Sowing seeds and planting trees – indulging in cultivation –
keeping watchdog for a farm – employing oxen for ploughing – dividing the
yield into two – waqf of the companions – cultivating neglected land –
sharing the yield and fruits - distribution of water – water should not be
withheld – withholding water from travellers – the water owner – hima –
selling wood and grass – land granted by a ruler – borrowing money from
people – repayment of debts – funeral prayer for dead person in debt –
wasting money
Books for reference:
1. Sahih al Bukhari
2. Summerised Sahih al Bukhari Trans. by Dr. Muhammed Muhsin Khan,
Islamic University, Al-Madinah Al-Munawwarah; Darussalam Riyad 1996.
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Semester III
Islamic commercial Law and Contract – III
Course Category: Complementary Course
Course Title and Code: Islamic Commercial Law and Contract – III, IFC3 C05
No. of Credits: 2
No. of Contract Hour: 54
a. Introduction: A just and Balanced economy which neither despises wealth
nor takes it as a god; it acknowledges its value and importance, without
exaggerating its status. It differs from old fashioned religious asceticism,
which regards wealth as something evil which contaminated the soul and
prevents it from reaching perfection; it also differs from modern doctrines
which make economics the central axis of life and make money a god to
be worshipped. The Islamic view on wealth is based on its view of the
value of wealth and its importance in life as befits human beings not as a
source of temptation (fitna) that drags him to the depth of extravagance,
luxury, greed and misguidance.
b. objective
This course is intended to provide students a clear idea of Islamic view of wealth and its methodology. The main objective of this course is to equip students with a wider idea on the economical dealings of Islam.
c. learning outcome
With this course students are expected to learn the distinct and moderate economic system that Islam put forth
d. syllabus
Module 1: Value of wealth and its importance –How blessed is good money for
a good man (1) – Protection wealth against loss (2) – Man’s love for wealth –
Quran’s warning against being tempted by wealth – Greed – man is the trustee
over the wealth- wealth is subjected to the commands of the Creator- Private
ownership – man’s natural inclination towards freedom, humanity and justice –
individual incentive to work, strive and do a good job- condition of being wealth
is acquired through permissible means – No oppressor nor oppressed – purity of
individual ownership.
Module 2: Prohibition of riba (usury, interest) – exploitation of the poor by the
rich - lack of hard work – absence of contentment in riba – riba as a major sin -
Prohibition of hoarding – prohibition of deceit – prohibition of trading in
prohibited things - prohibition of extravagance (tarf) – prohibition of ill-gotten
gains – prohibition on taking public funds – warning against taking advantage of
one’s position.
Module 3: Achieving self-sufficiency for the society – acquiring knowledge, skills
and expertise that enable the society to produce all that it needs in material
terms – achieving honour, happiness and strength that enable the society to
fulfill the mission of self – sufficiency – development of human resources and
potential in every field - improved use of conservation of resources – gathering
statistics on the sources – protecting and conserving the resources – zero waste
and zero negligence of the resources – mobilization of means to develop
resources – necessity of cultivating land
Module 4: Coordinating and integrating production – focusing on areas of need
in the society – making up shortcomings – prioritizing the needs – precedence of
essentials over the optional extras – cultivation of essential items – cultivation
of plants that are harmful to the individual or the society - Putting money to
work and not keeping it or hoarding it – moderation in spending – establishing
social balance between the classes – Narrowing the gap between rich and poor
– organization of the collection of zakat and its distribution to the poor –
Establishing social security and taking care of it – inheritance and redistribution
of wealth – setting out a plan to increase and develop wealth
Module 5: Guidelines to the financial reform - money : grace and blessing; test
and trial - misuse of money for putting obstacle in the way of right and
goodness- money must be preserved and neither be squandered nor wasted –
spending money for the sake of goodness – the means of life of the society –
Pride of nation – welfare of mankind - Obligatory duties and representations of
money – financial reforms in Islam
Books for reference:
1. The Ideal Muslim Society as Defined in the Quran and Sunnah by Dr.
Muhammed Ali Al Hashimi, published by International Islamic Publishing
House, Riyadh. (one chapter, A Balanced Economy).
2. Almujtama’a al Muslim kamaa bayyanahul Islam fil ktab wassunnah by
Muhammad Ali al Hashimi, Dar el Basha’er el Islamiyya littiba’a wa tawzi’
Beirut, Lebanon. (one chapter mujtama’ al iqtesad al aadil al mutawazin)
3. Economic Objectives of the Quran by Muhammad Rasheed Ridha (Al
wahy al muhammadi, chapter - al Irshad ila al islah al mali)
Semester IV
Islamic commercial Law and Contract – IV
Course Category: Complementary Course
Course Title and Code: Islamic Commercial Law and Contract – IV, IFC4 C05
No. of Credits: 2
No. of Contract Hour: 54
Module 1 Concept of Economic system:
Constituent elements of and economic system – classification of alternative
economic systems, features of Islamic Economic system and how it differs from
other Economic systems – performance of system – evaluation criteria –
performance of Islamic Economics in comparison with Socialism and Capitalism.
Module 2 Economic development:
Mainstream approach – sustainable development, development an Islamic
perspective. Resource mobilization and resource allocation in Islamic system –
Islamic strategy for Economic development
Module 3 Distributive justice:
Conflict between growth and distributive justice – failure of trickle down effect –
distributive justice Capitalist, Socialist, and Islamic views. Islam’s measures for
ensuring distributive justice – role of Zakat
Module 4 Welfare Economics:
Criteria of welfare in conventional economics – Islamic methods of attaining
welfare – Zakat, Sadaqa, interest-free loans, welfare implications of production
and consumption in Islam in comparison with other systems
Module 5 Public Economics sources of revenue in conventional economics:
Tax and non-tax revenue – Zakat, Fay, Ghaneemah, Kaffarah etc., heads of
expenditure in conventional Economics and Islamic Economics
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V. Fundamentals of Islamic Economics
Semester I
Fundamentals of Islamic Economics – I
Course Category: Complementary Course
Course Title and Code: Islamic Commercial Law and Contract – I, IFC1 C06
No. of Credits: 2
No. of Contract Hour: 54
Module 1 Nature and scope of Islamic Economics:
Assumption – Economic Man v/s Islamic Man, the world view of Islam, approach
of Islamic Economy - difference with mainstream Economics. Sources of Islamic
Economics Quran, Hadith and works of Muslim jurists
Module 2 Consumer behavior in Islam:
Islamic concept of preference, self-interest and social interest (selfishness v/s
altruism), utility maximization. The concept of market in Islam- Early Islamic
thought on market mechanism (Ibn Taymiyyah and others)- Role of government
in controlling market.
Module-3 Production:
Factors production - incentive for production, population and economic
development – role of capital and entrepreneurship- differences with
mainstream Economics.
Module-4 Prices and markets:
Behavior of firms in an Islamic Economy – comparison of firms behavior in
conventional Economics – pricing production of firms in an Islamic Economy.
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Semester II
Fundamentals of Islamic Economics – II
Course Category: Complementary Course
Course Title and Code: Fundamentals of Islamic Economics –II, IFC2 C06
No. of Credits: 2
No. of Contract Hour: 54
a. Introduction:
To provide an introductory overview to the development of Islamic economics,
from the era of the Prophet Muhammad to the most contemporary Islamic
economic thinking
b. Objectives:
c. Learning outcome:
This course aims to enable students to clearly understand the roots of and main
frameworks behind both classic and contemporary Islamic economic thought.
d. Syllabus
Module 1 History of contemporary Islamic economic thought:
Historical account of the Islamic economics from the Prophet’s time to the
contemporary Islamic economic system
Module 2 Evolution of Islamic economic thought:
Economic institutions during the time of the Prophet and Right Guided Caliphs
Module 3 Islamic economic thought after Right Guided Caliphs:
Development of economic institutions during Umayyad, Abbasid and later
periods, Management of revenues, Kitab al amwal and Kitab al Kharaj
Module 4 Contemporary development in Islamic economic thought:
Islamic economics and its relevance in the current financial climate and
successful experiments in the Islamic world and elsewhere
Module 5 Implementation of Islamic economics concept worldwide:
Case study - General overview of the spread of Islamic finance worldwide in the
last decade - Successful financial experiments based on Islamic economics
worldwide - with special reference to Malaysia, Egypt and the UK. Expression of
interests in Islamic finance even from non-Islamic countries
Module-5 Islamic economics in future:
Future course of the interest-free Islamic economic system as an alternative
model, its survival in a system that totally dependent on usury and speculation
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Semester III
Fundamentals of Islamic Economics – III
Course Category: Complementary Course
Course Title and Code: Fundamentals of Islamic Economics– III, IFC3 C06
No. of Credits: 2
No. of Contract Hour: 54
a. Introduction: This course expands on the necessary requirements to
effect communal transformation on the basis of verses from 261 to 283
from Sura al Baqara the first chapter of the Quran. It focuses on two
agents of social change, one positive and one negative: charity and usury.
Quran the first and foremost source of Islamic law is concerned that the
man understands the nature and purpose of charity: there are right and
wrong ways in which it can be dispensed. Charity is an obligation towards
the fellow human beings. The most fundamental basis of Quranic vision is
that man cannot be good in isolation. The objective of charity to create a
world of justice and equity, of opportunity to all whereas usury deepens
poverty and widens the gap between the haves and have-nots. An
important principle of the Law of dealings, or the Law of Contracts in
modern legal terminology, has also been taken up in the course.
b. objective
This course is intended to provide students a clear idea of what the early Islamic sources say on usury and charity, the day-to-day economic activities in every society.
c. learning outcome
With this course students are expected to learn the importance of charity and harmful effects of usury on the society.
d. syllabus
Module 1: The likeness of those who spend their wealth in the path of
common good- - spending wealth in order to flaunt by reminding of
generosity of causing offense – giving the inferior portion in alms – charity is
not the giving away of the cast-offs - relation between poverty and sin –
charity should go the poor – charity should not highlight the distinction
between the haves and have-nots - Zakat is obligatory - zakat is to be used
for social welfare purposes – Charity is distinct from zakat – paying of zakat is
not the end of the obligation to society - A middle community in its economic
activities– neither miserly nor extravagant – making society and all its citizens
prosper - expenditure and investment has to be accompanied by physical or
intellectual labour – basis of distributive outlook of the Quran
Module 2: The evil of usury – difference between trading and usury – usury
insulates the capitalist form risk –destruction by interest and increase by
charity – keep away from usury or war against god – usury creates selfishness
and greed - making money from money is arid – little benefit for society as a
whole - A written document must be kept on a transaction – due date of
payment should be determined – nonpartisanship of the scribe – dictating
the document – insane, minor and their guardian or wali –writing of an
agreement is not a conclusive proof - witness and rules of witnessing – the
number of witnesses – qualification of witnesses – witness should not suffer
Module 3: Honesty, justice and fraternity in commercial dealings - food
earned through lawful means – believers do not consume one another's
wealth unjustly but only [in lawful] business by mutual consent - nasty food
spolis spiritual and physical health- Ibn Awf’s model of earning and business -
legal (halal) and illegal (haram) things are obvious - one who does not care
from where he earns- money exchange. He replied, 'If it is from hand to
hand, there is no harm in it; otherwise it is not permissible. Whosoever
deceives us is not one of us - give just measure and weight – do not
withhold from the people the things that are their due- do not commit evil
on the earth with the intent of doing mischief - the buyer and the seller,
should be truly sympathetic and considerate towards each other - mutual co-
operation for the cause of goodness and piety - goods not to be sold before
obtaining their possession - goods to be bought in the open market
Module 4: Prohibited form of business - cartels and monopolies -
speculative business based on selfish interest - interest transactions -
Transactions similar (in nature) to gambling – lottery - Munabadha and
Mulamasa – Mozabana or exchange of fresh fruits for dry ones - Mu'awama -
Bai' al-Gharar - Mortgage
Books for reference:
1. Holy Quran from verse no. 261 to 283 of the Chapter 2 Al Baqara
2. Sahih Bukhari , The Book of Trade
3. Fiqh al Sunnah by Sayyid Sabiq, Chapter Al Buyu’
4. Reading The Quran by Ziauddin Sardar (one chapter, Al Baqara Charity
and Usury)
5. Tafsir Al Manar by Muahammed Rashid Ridha (Commentary of verses 261
to 283 of Chapter 2 Al Baqara)
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Semester IV
Fundamentals of Islamic Economics – IV
Course Category: Complementary Course
Course Title and Code: Fundamentals of Islamic Economics – IV, IFC4 C06
No. of Credits: 2
No. of Contract Hour: 54
a. Introduction
Zakat is an obligatory act ordained to be performed by every adult and able
bodied Muslim. It is an important pillar among the five pillars of Islam. Zakat
is a part of the wealth and property that believer must pay annually, to help
the poor of their community. One of the main purposes of Zakat is to keep
those who are wealthy clean, monetarily, from sin. It is a form of Sadaqah
(charity) which is obligatory on believers. Zakat is one of the Five Pillars of
Islam. It refers to alms-giving, which is obligatory for all believers who meet a
minimum wealth requirement (called the nisab).
b. Objective
This course is intended to provide students basic idea of zakat and its
implications as a means of poverty eradication. The main objective of this
course is to equip students with a thorough knowledge of zakat system
c. Learning outcome
Passing out this course the students are expected to learn the total system of
collecting zakat, its distribution etc.
d. Syllabus
Module 1 The meaning of the word zakat (linguistic and terminological) –
history and evolution – poor in ancient civilization – concerns of religion for the
poor – benevolence of Islam in dealing with problem of poverty- feeding the
poor is a requirement of faith - Encouragement to take care of the indigent
Module-2 Exhortation to give and punishment for denying – who is obliged to
pay – Zakatable wealth in terms of amount and their ratio (nisab) – zakat on the
holding of infants and mentally retarded- insolvent debtor –
Module -3 Zakat owed by deceased- property from which zakat is paid- zakat on
gold and silver – zakat on banknotes and notes – zakat on jewelry – zakat on
mahr – on house rent- zakat on trade – how is zakat on trade money to be paid
– zakat on fruits and plants
Module 4 Zakat on buried treasure and precious minerals – zakat on wealth
extracted from the sea- acquiring property through profit or increase (mal al
mustafad) – payment of value instead of item itself- recipient of zakat – the
poor and needy (faqir and miskin) – the person who can work – owner who lacks
self sufficiency – employees of zakat (amilun alaiha) – reconciliation of hearts
(mu’allafatul qulub) – riqab and fee sabeel
Module 5: Significance of the law of inheritance – rights related to tarika
(legacy) causes and conditions of inheritance - impediment to inheritance-
dhawil fardh (fixed shares) –heirs and their shares- residuary (asabah)- types of
residuary - hijb (exclusion) - doctrine of awl and radd - calculating the property
of deceased
Books for reference:
1. Fiqh al Zakat by Dr. Yusuf al Qaradawi.
2. Fiqh al Sunnah by Sayyid Sabiq
3. How to Calculate Inheritance: A Simple Approach by Shakil Ahmad Khan
4. Kitab al fara’idh by Abdussamad al Katib Pub. Islamic University al Madina
The End