Oleh: Ust Razizi bin Tarmuji
Course Outcomes
At the end of this course, students should be able to:
 Explain the essentials of Shariah-compliant banking
system.
 Differentiate Islamic Banking System (IBS) against the
conventional system.
 Evaluate the modus operandi of Shariah-compliant
investments/instruments and financing facilities under the
Islamic Banking System.
Course Description
 This is an introductory course to Islamic Banking for
students to understand the fundamentals of Shariahcompliance banking system.
 Students will be introduced to the concepts and principles
adopted/adapted by Islamic banks to comply with the
Shariah requirements.
 The course will equip students with the basics to
distinguish between Islamic and conventional banking
system, expose students to the modus operandi of selected
facilities/instruments offered by Islamic banks and assist
them in evaluating the value proposition promoted by
Islamic Banking System.
Syllabus Content
1. Overview of Financial System
1.1 Financial Markets and Institutions
1.2 Roles of Banks as Financial Intermediaries
2. Framework of Islamic Financial System
 Islamic Banking, Takaful, Islamic Capital Market
(ICM) and Islamic Interbank Money Market (IIMM)
 Historical Development of Islamic Banking
 Structure of Islamic Bank
3. Compliance to the Scheme of
Shariah Laws
3.1 Primary and Secondary Sources of Shariah Laws
3.2 Aqidah, Akhlaq, Shariah ( Ibadat & Muamalat )
3.3 Ethics in Islamic Financial System
4. Principles of Islamic Banking
4.1 Investment and Financing of Halal (permissible)
Activities
4.2 Profit and Loss Sharing vs Lender-Borrower
Relationship
4.3 Trade-based Financing vs Interest-based
Investments/Loans
4.4 Prohibition of Riba, Gharar (unnecessary risk)
and Maysir (gambling / speculation)
4.5 Payment of Zakat
5. Sources of Funds - Savings/Investments
and the underlying Shariah Concepts
 Al-Wadiah/Al-Mudarabah Savings Accounts
 Al-Wadiah/Al-Mudarabah Current Accounts
 Al-Mudarabah General Investment Accounts (MGIA)
 Al-Mudarabah Special Investment Accounts (MSIA)
6. Application of Funds - Financing Facilities and
the underlying Shariah Concepts
6.1 Home/Property Financing (Bai’ Bithaman Ajil / BBA)
6.2 Home/Property Financing (Musharakah)(Musharakah Mutanaqisah)
6.3 Motor Vehicle Financing (Al-Ijarah) (Al-Ijarah Thumma al-Bai’)
6.4 Personal Financing (Bai’ al-Inah)
6.5 Credit Cards (Al-Wadiah)( Bai’ al-Inah)(Qard al- Hasan)
6.6 Project Financing (Al-Mudarabah) (Al-Musharakah)
6.7 Acquisition of Assets (Al-Bai’ Bithaman Ajil)
6.8 Working Capital Financing (Al-Murabahah )
6.9 Letter of Credit (Wakalah) (Musharakah) (Murabahah)
6.10 Islamic Accepted Bills (Bai` al-Dayn)
6.11 Islamic Export Credit Refinancing (IECR)
7. Treasury
7.1 Islamic Inter-Bank Money Market
7.2 Foreign Exchange Trading
8. Other Services
 Agency (Al-Wakalah)
 Guarantee (Al-Kafalah)
 Commission (Ju’alah)
 Fee (Al-Ujr)
 Remittance (Al-Hiwalah)
 Currency Exchange (Al-Sarf)
 Teaching Methodology
 Lecture
 Discussion
 Active Learning
Assessment
 Continuous Assessment
 50%
 Test - 15%
 Assignment – 15%
 Presentation – 20%
Total- 50
Final Exam
 50%
References
1.
2.
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7.
8.
Rosly, Saiful Azhar, Dr (2005). Critical Issues on Islamic Banking and
Financial Markets. Kuala Lumpur: Dinamas Publishing.
Haron, Sudin, Dr & Shanmugam, Bala. (2001). Islamic Banking
System: Concepts & Applications. Malaysia: Pelanduk Publications.
Islamic Banking Practice from The Practitioner’s Perspective. (1994).
Kuala Lumpur: Bank Islam Malaysia Berhad.
Usmani, Muhammad Imran Ashraf, Dr (2002). Meezanbank’s Guide
to Islamic Banking. Karachi: Darul Ishaat.
Gafoor.A.L.M, Abdul. (2005). Interest, Usury, Riba and The
Operational Costs of a Bank. Kuala Lumpur: A.S.Noordeen
Shanmugam, B., Perumal.V., & Ridzwa.A.H. (Eds.)(2004) Islamic
Banking: An International Perspective. Serdang: Universiti Putra
Malaysia Press.
Usmani, Muhammad Taqi, Justice Mufti (2002). An Introduction to
Islamic Finance. Karachi: Maktaba Ma’arifatul Quran.
Web page: http://razizi.uitm.edu.my
Edisi Pelajar
FORMAT PENULISAN KERTAS KERJA
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Tajuk : Berdasarkan kepada Silibus.
Jumlah Mukasurat : 10 – 15/ 1000 – 2000 patah perkataan
Font : Times New Roman -12 ; Arial – 11.
Langkau Baris : 1.5 atau 2.0
Rujukan/Bibliografi : Tidak kurang dari 5 buah buku.
Penulisan Rujukan: Citation - APA system (Pengarang, tahun, hal.). Contoh :
Pentadbiran ialah ..... (Mohd Asri, 2010. hal. 2) atau
Menurut Ahmad Ibrahim Abu Sin (2008, hal.2), Pentadbiran ialah...
Penulisan Bibliografi : Nama Pengarang. Tahun. Nama Buku. Tempat Terbit:
Penerbit. Contoh :
Mohd Asri Abdullah. 2010. Islam dan Pengurusan. Kuala Lumpur : Dewan
Bahasa dan Pustaka.