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| DETAILED PROGRAMME CONTENT |
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I. Introductory Courses
1.1. Principles of Conventional and Islamic Finance
This opening course provides a critical overview of the most important issues in conventional and Islamic finance. By offering a strong conceptual understanding of financial economics, this course establishes a sound theoretical basis for analyzing financial management themes. The overview of Islamic financial management will include a review of Islamic financial concepts, the philosophy of Islamic finance and its influence, the purpose and logic of the Sharia, the question of interpretation in Islamic finance, Fiqh and Fiqh al Mouamallat, and the contemporary evolution of Islamic finance.
1.2 & 1.3 Principles of Financial Decision Making & Principles of Computational Finance
The main objective of this course is to highlight the potential contribution of a consistent theoretical framework for applied financial decision making. The framework integrates available financial theory and decision technologies and consists of the following steps: characterizing different financial decision problems, identifying and describing choice alternatives, modelling uncertainty related to outcomes, and evaluating alternatives with regard to the preferences of the decision maker. This course will familiarize students with the main concepts of Excel and Visual Basic for Applications (VBA), with which they can structure a variety of financial problems, formulate financial problems in mathematical language, implement and solve them. The course also addresses portfolio selection by means of a study of feasible regions and looking for efficient frontiers.
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