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Accounting & Finance Risk Management

New Course

Certificate for Module (Islamic Finance)
證書(單元 : 伊斯蘭金融)

Course Code
FN110A
Application Code
2255-FN110A
Credit
6
Study mode
Part-time
Start Date
14 Nov 2024 (Thu)
Duration
3 months
Language
English
Course Fee
HK$6600
Deadline on 31 Oct 2024 (Thu)
Enquiries
2867 8322 / 2867 8303
2861 0278
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Special Announcement:

Hong Kong government has a successful Islamic finance track record with three ‘AAA’-rated US dollar-denominated sovereign Sukuk issuances, with the first in September 2014 being a US$1 billion five-year Ijarah facility, the second in June 2015 being a US$1 billion five-year Wakalah facility and the third in February 2017 being a US$1 billion 10- year Wakalah facility, which were all listed on the Hong Kong Stock Exchange. Insurance companies can also leverage the industry strengths to offer Takaful and re-Takaful.  

Hong Kong will have to create a talent pool with expertise in the Middle East and Islamic finance if it wants to attract wealthy families and family offices from the Middle East region to invest in the city. The Islamic finance community requires Shariah-trained professionals, including Shariah scholars, lawyers, accountants, and bankers, to work in the industry.

The programme aims to introduce students to the principles and practices of Islamic finance. It covers an overview of the Islamic financial system, Islamic law, regulations and the role of ethics in Islamic finance. Features of different Islamic financial products will be examined.

Highlights

The programme aims to introduce students to the principles and practices of Islamic finance. It covers an overview of the Islamic financial system, Islamic law, regulations and the role of ethics in Islamic finance. Features of different Islamic financial products will be examined.

Programme Details

 Programme Objectives

The programme aims to enhance students’ knowledge and skills in the regulations and objectives of the Islamic Finance.

 

Learning Outcomes

On completion of the Programme, students should be able to

  1. Describe the features of Islamic Finance
  2. Explain fundamental concepts of Islamic law and contracts
  3. Explain the application of Islamic law, standards and contracts to Islamic financial products
  4. Describe the global Islamic capital market developments
  5. Identify basic principles governing the Islamic capital markets
  6. Identify the features of various Islamic financial products 
Application Code 2255-FN110A Apply Online Now
Apply Online Now

Venue

Modules

Module Syllabus

 

1. Principles of Islamic Finance

  • Shariah law and Islamic finance
  • Prohibition on interest-based transactions
  • Global Islamic financial institutions
  • Global Islamic financial markets development

2. Islamic Law and Regulations

  • Methodology of interpretation of Islamic commercial law
  • Types and key concepts of Islamic contracts
  • Sales contracts (Murabaha, Salam, Istisna)
  • Service contracts (Mudaraba, Musharaka)
  • Implementation of the standards, policies and rulings in Islamic finance

3. Islamic Financial Products and Services

  • Islamic banking products (deposit accounts, financing products)
  • Islamic equity screening criteria
  • Islamic capital market products (Sukuk, Islamic equities)
  • Islamic investment funds (mutual funds, ETFs, private equity)
  • Islamic insurance (Takaful, Retakaful)
  • Islamic derivatives and structured finance

4. Islamic Finance and Ethics

  • Corporate social responsibility in Islamic finance
  • Ethics of business transactions in Islamic finance

 

Assessment Method

Type of Assessment

Description

Weighting

Course work

2 individual assignments (Case study questions, maximum 2,000 words per assignment)

100%

Class Details

Timetable

 

Certificate for Module (CFA ESG Investing)

Lecture

Date

Time

1

14 November 2024 (Thu)

7:00 pm - 10:00 pm

2

21 November 2024 (Thu)

3

28 November 2024 (Thu)

4

5 December 2024 (Thu)

5

12 December 2024 (Thu)

6

19 December 2024 (Thu)

7

2 January 2025 (Thu)

8

9 January 2025 (Thu)

9

16 January 2025 (Thu)

10

23 January 2025 (Thu)

 

** The above tentative timetables may be subject to change without prior notice until confirmation of timetable issued to student. 

Fee

Course Fee
  • Course Fee : HK$6600

Entry Requirements

Applicants should hold an Advanced Diploma, a Higher Diploma or an Associate Degree awarded by a recognised institution. Applicants with other equivalent qualifications will be considered on individual merit.

Apply

Online Application Apply Now

Application Form Download Application Form

Enrolment Method
Payment Method
1. Cash, EPS, WeChat Pay Or Alipay

Course fees can be paid by cash, EPS, WeChat Pay or Alipay at any HKU SPACE Enrolment Centres.

2. Cheque Or Bank draft

Course fees can also be paid by crossed cheque or bank draft made payable to “HKU SPACE”. Please specify the programme title(s) for application and the applicant’s name.. You may either:

  • bring the completed form(s), together with the appropriate course or application fees in the form of a cheque, and any required supporting documents to any of the HKU SPACE enrolment centres;
  • or mail the above documents to any of the HKU SPACE Enrolment Centres, specifying  “Course Application” on the envelope.  HKU SPACE will not be responsible for any loss of payment sent by mail.
3. VISA/Mastercard

Applicants may also pay the course fee by VISA or Mastercard, including the “HKU SPACE Mastercard”, at any HKU SPACE enrolment centres. Holders of the HKU SPACE Mastercard can enjoy a 10-month interest-free instalment period for courses with a tuition fee worth a minimum of HK$2,000; however, the course applicant must also be the cardholder himself/herself. For enquiries, please contact our staff at any enrolment centres.

4. Online Payment

Online application / enrolment is offered for most open admission courses (course enrolled on first come, first served basis) and selected award-bearing programmes. Application fees and course fees of these programmes/courses can be settled by using "PPS by Internet" (not available via mobile phones), VISA or Mastercard. In addition to the aforesaid online payment channels, continuing students of award-bearing programmes, if their programmes offer online service, may also pay their course fees by Online WeChat Pay, Online Alipay and Faster Payment System (FPS). Please refer to Enrolment Methods - Online Enrolment  for details.

Notes

  • If the programme/course is starting within five working days, application by post is not recommended to avoid any delays. Applicants are advised to enrol in person at HKU SPACE Enrolement Centres and avoid making cheque payment under this circustance.
  • Fees paid are not refundable except under very exceptional circumstances (e.g. course cancellation due to insufficient enrolment), subject to the School’s discretion. In exceptional cases where a refund is approved, fees paid by cash, EPS, WeChat Pay, Alipay, cheque or PPS (for online payment only) will normally be reimbursed by a cheque, and fees paid by credit card will normally be reimbursed to the payment cardholder's credit card account.
  • In addition to the published fees, there may be additional costs associated with individual programmes. Please refer to the relevant course brochures or direct any enquiries to the relevant programme team for details.
  • Fees and places on courses cannot be transferrable from one applicant to another. Once accepted onto a course, the student may not change to another course without approval from HKU SPACE. A processing fee of HK$120 will be levied on each approved transfer.
  • Receipts will be issued for fees paid but HKU SPACE will not be repsonsible for any loss of receipt sent by mail.
  • For payment certification, please submit a completed form, a sufficiently stamped and self-addressed envelope, and a crossed cheque for HK$30 per copy made payable to "HKU SPACE" to any of our enrolment centres. 
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