Islamic Banking and Finance

Module code: EC7109

Module co-ordinator: TBC

In this module you will focus on the main principles and implications of Islamic banking and finance and the comparisons between Islamic banking and financial institutions and non-Islamic ones.

Topics covered

  • Riba prohibition
  • Saving and investment behaviour
  • Islamic financial instruments
  • Islamic trading strategies
  • Risk management procedures
  • Islamic and non-Islamic bank competition
  • Strengths and weaknesses of each model


  • 20 one-hour lectures
  • 5 one-hour tutorials


  • Exam, two hours (75%)
  • Open book test (25%)