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Course Name Islamic Finance
Course Code BFSL 6568
Course Credits 3.0
Pre/Anti-requisites Pre-Requisite For students outside the BFSL specialization: BFSL 6800: Introductory course I: Introduction to Financial Services Law or Demonstrated foundational knowledge of Canadian bankruptcy and insolvency law concepts.
Course Description

This course introduces the fundamental concepts of Islamic finance. First of all, the concept of Islamic economics is discussed. It provides the overview of Islamic finance and the relevant Shari’ah principles and contracts. It further explains the Islamic banking and finance products and services as well as challenges and issues in Islamic banking. Risk, risk management and insurance are briefly introduced. Regarding Takaful (Islamic insurance), its products and services, models and relevant issues are elaborated. Islamic capital market is also discussed in this course and finally, the governing standards for Islamic financial institutions are presented.

Upcoming Offerings

Not currently scheduled

Specialization Financial Law
Status Elective
CPD Hours Eligible LSO CPD: 12h Substantive Professional LLM courses may be eligible for CPD/MCLE credits in other Canadian jurisdictions. To inquire about credit eligibility, please email cpd@osgoode.yorku.ca
NCA Status N/A

All courses and schedules are subject to change.