university of calicut...6 6

U.O.No. 3956/2013/CU Dated, Calicut University.P.O, 12.09.2013

Muhammed S

Deputy Registrar

Forwarded / By Order

Section Officer

File Ref.No.8818/GA - IV - B1/2012/CU

UNIVERSITY OF CALICUT

AbstractBA Programme in Islamic Finance with Computer Application under Choice Based Credit SemesterSystem - CCSS - implemented with effect from 2013-14 admission onwards - approved - ordersissued.

UNIVERSITY OF CALICUT (G & A - IV - B)

Read:-1. UO GAI/J2/3601/08 Vol.II dated 19.06.20092. Minutes of the meeting of the Board of Studies in Islamic Studies held on29.08.2013.3. Remarks of the Dean, Faculty of Humanities dated 11.09.20134. Orders of the Vice Chancellor in File No. 8818/GA IV-B1/2012/CU dated11.09.2013.

ORDER

Choice Based Credit Semester System and grading has been introduced in the UG Curriculamin the affiliated colleges of the University with effect from 2009 admission onwards and theRegulations for the same implemented vide paper read first above.

The Board of Studies in Islamic Studies at its meeting held on 29.08.2013 vide Item No. 1discussed in detail the question of approving the Syllabus of BA Islamic Finance with ComputerApplication and resolved to approve the syllabus prepared by the Board and has forwarded theapproved syllabus.

The Dean, Faculty of Humanities vide paper read second has remarked that since the issue isurgent and for implementation in the current academic year, it may be approved.

The Vice Chancellor after having considered the matter, exercising the powers of the AcademicCouncil has approved Item No. 1 of the minutes of the Board of Studies in Islamic Studies held on29.08.2013 subject to ratification by the Academic Council. The Vice Chancellor has also orderedthat the syllabus be implemented with effect from 2013-14 admission onwards.

Accordingly, orders are issued implementing the syllabus of BA Islamic Finance with ComputerApplication with effect from 2013-14 admission subject to ratification by the Academic Council.

The syllabus is uploaded in the University website.

ToThe Principals of all Colleges offering BA Islamic Finance with Computer Application.

Copy toController of Examinations/ EX- IV/EG Section/DR & AR - BA Branch/System Administratorwith a request to upload the syllabus in the University Website/GA I FSection/Library/SF/DF/FC

8818/GA - IV - B1/2012/CU (Page : 73)

SYLLABUS FOR

BA ISLAMIC FINANCE WITH

COMPUTER APPLICATION


BA ISLAMIC FINANCE WITH COMPUTER APPLICATION

SCHEME AND SYLLABUS

Objectives:

Main objective of the programme is to introduce the emerging area of Islamic Finance.

To produce skillful hands to meet the requirements of the new generation banks, insurance companies and security markets.

Understand the fundamental concepts of Islamic economics.

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Know the importance of the development of an interest-free economy to promote socio-economic justice in society.

Describe the underlying principles of Islamic commercial contracts.

Know their applications as investment modes (Musharakah, Mudarabah).

Know their applications as financing modes (Ijarah, Murabaha, Salam, Istisna'a) and as assessor modes (Wakalah, Kafalah, Hawalah, Jua'lah, Tawarruq and others).

Explain the key operations of Islamic banks and the scope for co-operation between conventional and Islamic financial institutions.

Examine the Islamic financial markets, scope and instruments including the operations of venture capital, investment funds, units trusts and sukuk in accordance with Islamic principles.

Discuss the governance and transparency issues in Islamic financial institutions.

Understand the role of supervision and regulation with particular emphasis on the role of the Religious Supervisory Board, Shari'ah compliant audit, accounting and taxation issues.

Describe the procedures to convert interest-based banking institutions to interest-free Islamic banking and the practical steps required for establishing an Islamic bank.

Explain Takaful and its rationale as an alternative to conventional insurance and describe basic elements and operating models for undertaking takaful business and Re-takaful (Reinsurance).

BA in Islamic Finance With Computer Application

Scheme

Programme at : Undergraduate Level

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Duration of the Course : 3 years

System to be followed : Semester System

No. of Semesters : Six Semesters

Mode of Evaluation : Continuous Evaluation(Assignments, Seminars, Projects, Internal Examinations & End Semester Examinations.

System of Evaluation : Grading System

Medium of Instruction : English

Details of Common, Core and Complementary courses in each semester:

SemesterNo. of Papers

Common Core Complementary Total

I 2 2 1 5

II 2 2 1 5

III 2 2 1 5

IV 2 2 1 5

V - 6 - 6

VI - 6 - 6

Total 8 20 4 32

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DETAILS OF PAPERWISE CREDITS AND HOURS FOR EACH SEMESTER

FIRST SEMESTER

Paper Code

Paper TitleNo. of

CreditsTheory (Hours)

Practical (Hours)

Common Papers

A 01 Communicative English Paper I 4 60 30

ARIA 07(2)

Functional Arabic Paper I 3 60 30

Core Papers

IFCIB 01Basics of Business Management & Business Ethics

4 90 -

IFCIB 02 General Economics 4 90 -

Complementary Paper

IFCIC 01 Computer Fundamentals 4 60 30

SECONDSEMESTER

Common Papers

A 03 Communicative English Paper II 4 60 30

AR2A 08(2)

Functional Arabic Paper II3 60 30

Core Papers

IFC 2B 03

Basics of Islamic Finance4 90 -

IFC 2B 04

Basics of Financial Accounting & Corporate Accounting

4 90 -

Complementary Paper

IFC2C 02 Computer application in Business 4 60 30

THIRD SEMESTER

Common Papers

A 05 Business Communication 3 90

AR3A 09(2)

Commercial Arabic Paper I3 90

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Core Papers

IFC3B 05 Business Law & Islamic Commercial Law 4 90 -

IFC3B 06 Indian Financial System 4 90 -

Complementary Paper

IFC 3C 03

Computerized Accounting with tally4 60 30

FOURTH SEMESTER

Common Papers

A 07 Advanced Communication Skills in English

4 60 30

AR4A10

(2)

Commercial Arabic Paper II3 90

Core Papers

IFC4B 07 Business Mathematics & Statistics 4 90 -

IFC4B 08 Cost & Management Accounting 4 90 -

Complementary Paper

IFC4C 04 E-Commerce 3 60 30

FIFTH SEMESTER

Core Papers

IFC5B 09 Islamic Insurance ‘Thakaful’ 4 75 -

IFC5B 10 Islamic Financial Institutions 4 75 -

IFC5B 11 Islamic Micro Finance 4 75 -

IFC5B 12 Islamic Wealth management 4 75 -

IFC5B 13 Arabic for Banking and Insurance 3 75 -

IFC5B 14 Financial Management 4 75

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SIXTH SEMESTER

Core Papers

IFC6B 15 Micro Economic System In Islam 4 75 -

IFC6B 16Islamic Fund Management and Security Marketing

4 75 -

IFC6B 17 Islamic Investment Banking 4 75 -

IFC6B 18 Corporate Governance in Islamic Finance 4 75 -

IFC6B 19Security Analysis & Portfolio Management (Investment Management)

4 75

IFC6B 20Project Work: Designing an Islamic Finance Product

3 75 -

Total 120 2400 300

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CORE PAPERS

TITLE OF THE COURSE IFCIB 01 BASICS OF BUSINESS MANAGEMENT AND

BUSINESS ETHICSSEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 1 NO. OF CREDITS - 4NO. OF CONTACT HOURS - 90 Hours – T heory (4 hrs/wk) Objectives: To understand the process of business management and its functions, and To familiarize the students with current management practices. To understand the importance of ethics in business, and To acquire knowledge and capability to develop ethical practices for effective

management

COURSE OUTLINEModule I 15 hoursNature and scope of Management; evolution of management- Schools of management thought;.W.Taylor and Henry Fayol; principles of management; management as a science and an art; management process.Module II 15 HoursFunctions of management- planning: types of plan; planning process; organizing: span of control , line and staff functions ; centralization and decentralization; delegation; staffing: manpower planning, recruitment, selection and placemen;; directing: principles of direction; coordinating, and controlling.Module III 30 HoursManager Vs leader; leadership and motivation; leadership styles; theories of Motivation. MBO;Management of performance; Understanding and managing group processes; characteristics of workgroup, work group behavior and productivity; team creation and management.Module 1V 15 HoursEthics, culture and values: Importance of culture in organisations; Indian ethos and value systems; Model of management in the Indian socio political environment; Work ethos; Indian heritage in production and consumption.Module V 15 HoursBusiness ethics: Relevance of values in Management; Holistic approach for managers in decision-making; Ethical Management: Role of organisational culture in ethics; structure of ethics management; Ethics Committee.Reference Books:1. Boatwright, John R: Ethics and the Conduct of Business, Pearson Education, New Delhi.2. Sathish Modh: Ethical Management: Macmillan.3 Koontz, H and Wechrick, H: Management, McGraw Hill Inc, New York.

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4 Drucker, Peter, F: Management: Tasks, Responsibilities and Practices, Allied Publishers, New Delhi.5. L.N Prasad : Principles of management.6. R.S Davar ; Management Process7. Rustum & Davan, Principles and practice of Management.8. Srinivasan & Chunawalla, Management Principles and Practice. IFCIB 02 GENERAL ECONOMICSSEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 1 NO. OF CREDITS - 4NO. OF CONTACT HOURS - 90 Hours Theory (4 hrs/wk) Objectives:

1. To enable the students to understand micro and macroeconomic concepts

relevant for business decisions. 2. To help the students to understand the Application of economic principles in Business management

COURSE OUTLINEModule I 10HOURSIntroduction to Micro Economic Theory, Micro Economics and its scope. Wants & scarcity, Functions of Economic system, Circular flow of economic activity – price determination and functions of prices-concept of margin, Economic models, Methodology, Value judgment, Positive and normative analysis Module II: 15HOURSMacro Economic Concepts & Models, Micro Economics and Macro Economics - National Income concepts Potential GNP,Actual GNP - GDP Gap – Green GNP,Macro - Economic Models – Exogenous, Endogenous, ex-ante, ex-post, Nominal,real, dependent and independent variables Module III 8 HoursIntroduction - Definition of Managerial economics - objectives - characteristics - uses – decision making and forward planning - basic economic tools in management economics.Module IV 12 HoursThe concept of demand and elasticity of demand - Demand curve: Individual demand Curve, Market demand curve, Movement along Vs shifts in the Demand curve, Elasticity of Demand: Price, Income and cross - Demand estimation and demand forecasting – concept of revenue: Average Revenue and Total Revenue - Marginal Revenue and Incremental Revenue.Module III 15HoursProduction: Fixed and Variable inputs, Production function, Total, Average and MarginalProduct, Law of variable proportions, Linear homogeneous production function - production isoquants, marginal rate of technical substitution - optimal combination of resources - return to scale - cost of production - social and private cost of production - difference between economic and accounting cost - long run and short run cost of production -Economics and diseconomies of scale.Module IV 10 Hours

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Price and output decisions under different market structures: Price and output decisions under perfect competition, monopoly and monopolistic competition - pricing under oligopoly - kinked demand curve - price leadership - pricing, under collusion.Module V 20 HoursA. Pricing policies and practices: factors governing prices - objectives of pricing policy – Role of cost in pricing - demand factor in pricing - consumer psychology and pricing – pricing methods: cost-plus or full-cost pricing - Target pricing - Marginal cost pricing - going rate pricing – follow up pricing - Barometric pricing - customary prices. Pricing of new products: Penetrating pricing - Price skimming.

B. Macro Economics and Business decisions: Phases of Business cycle - Evil effects of cyclical fluctuations on business firms - Minimising effects of Business cycles. Economic Forecasting for business: Economic and Business forecasting - uses of economic forecasts - Methods of economic forecasting - selecting a forecast – evaluating forecasts.

Reference Books:1. R.L. Varshney and K.L. Maheswari,Managerial Economics2. D.N. Dwivedi, Managerial Economics3. Dr. S. Sankaran, Managerial Economics4. D M Mithani : Business Economics5. Seth M L Text Book of Economic Theory6. K K Dewett : Economnic Theory7. Petersen & Lewis: Managerial Economics8. Mote V L peul. S & Gupta G S: Managerial Economics9. H. Craig Petersen & W. Cris lewis: Managerial Economics10. Dr. P.N. Reddy and H.R. Appanaiah : Essentials of Business Economics-------------------------------------------------------------------------------------------------------------------

IFC2B 03 BASICS OF ISLAMIC FINANCE

SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 2 NO. OF CREDITS - 4NO. OF CONTACT HOURS - 90 ( Theory ) (4 hrs/week) Objective

• To understand basic fundamentals of Islamic finance

• For knowing the comparative review of conventional finance and

Islamic finance

COURSE OUTLINE

Module – 1 (15 Hours)

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Economic Doctrine of Islam - Introduction and Philosophy - Assumptions of

fundamental principles and their implication - Man and divine guidance: the

role of Quran and Sunnah - Islamic Social Order: Values and ethnics-The

political context of Islamic economics - Capitalism, Communism/Socialism

and Islamic Economic Systems


Islamic Banking - Concept and Evolution of Conventional Banking - Evolution

and Development of Islamic Banking - Differences and Similarities between

Islamic and Conventional Banking - Primary Characteristics of Islamic Banks -

Prohibition of Interest - Low Consumer Lending - Profit and Loss Sharing -

High Real Sector Investing - Dealing in Halal - The value of money Islamically

interpreted - Prohibition of speculation - Sanctity of contracts - Sharia

approved activities - Easy collateral - The Islamilisation of commercial

banking - Islamic banks in western world - Criticism of Islamic banking


Principles and Techniques of Islamic Finance - The concept of interest (Riba) -

Prohibition of Riba (in Islam and Christianity) - Real and notional interest -

Fixed and viable interest - Interest Vs. Profit - Interest as return - Riba al-

Nasial and al-Fadi - Consumption and production loan.

Financing Techniques – Mudaraba – Musharakah – Murabaha - Ijara and

IjarahMuntahiaBittamleek - Salam and Parallel Salam - Istisna’a.

Module -4 (15 Hours)

Islamic Financial Institutions - Study of Zakah - Gahr and Khraj - Takaful

IDB: its role, objectives and performance

Islamic Financial Service Board

The international Association of Islamic Banks

Islamic Research and Training Institute

International Centre for Research in Islamic Economics

Referances• Islamic Finance: Law, Economics, and Practice By Mahmoud A. El-

Gamal

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Cambridge University Press

• Understanding Islamic Finance By Muhammad Ayub - WILEY Publishers

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IFC2B 04 BASICS OF FINANCIAL AND CORPORATE ACCOUNTING

SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 2 NO. OF CREDITS - 4NO. OF CONTACT HOURS - 90 Hours Theory (4 hrs/wk) Objectives :Ø To enable the students to acquire knowledge of the financial accounting principles and practicesØ To equip the students with skills for recording various kinds of business transactionsØ To familiarize the students with the techniques of preparing financial statementsØ To help the students acquire conceptual knowledge of the fundamentals of the corporate accounting and the techniques of preparing the financial statements.

COURSE OUTLINEModule I 20HoursIntroduction - Nature of financial Accounting - scope – objects –limitations –Accountingconcepts and conventions- Financial accounting standards –Object of accounting standards –Accounting Standard Board of India and Indian Accounting Standards - Accounting process from recording of business transactions to preparation of Trial balance (an overview only).Module II 15 HoursConceptual Frame work for preparation and presentation of financial statements - Capital, Revenue and deferred revenue expenditure – Capital and revenue receipts – Final accounts of Sole Proprietor , Final account of companies and not –for- profit organizations (simple problems only).Module III 20 HoursAccounting for share capital – Issue, forfeiture and Reissue of forfeited shares - Redemption of preference shares including buy-back of equity shares - Issue and Redemption of Debentures.

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Module – IV 15 HoursBank accounts- General information relating to bookkeeping, ledger section, register section, slip system of ledger posting, legal requirements affecting final accounts, specimen form of accounting policies, preparation of profit and loss accounts, Asset classification, preparation of Balance sheet.Module- V 20 HoursInsurance Companies- Commercial and legal back ground of insurance business, contract of insurance, Book maintained by insurance companies, Explanation of special terms peculiar to insurance business, Accounts for life insurance business, types of policies, Annuity business, surrender value, paid up policy, life insurance fund valuation balance sheet, preparation of final accounts, Revenue accounts, accounts for general insurance business (as per the provisions of IRDA Act) (Theory and problems may be in the ratio of 30% and 70%respectively)Reference Books:1. M.C., Shukla, T.S. Grewal and S.C. Gupta: Corporate Accounting, S. Chand and Co., New Delhi.2. R.L Gupta, and M Radhaswamy: Corporate Accounting, Sultan Chand and Sons, New Delhi.3. Ashok Sehgal and Deepak Sehgal: Advanced Accounting, Volume II, Taxmann, New Delhi.4. S.P.Jain and K.L.Narang: Financial Accounting, Kalyani Publilshers, New Delhi.5. S.N. Maheshwari, and S.K. Maheshwari: Corporate Accounting, Vikas Publication, New Delhi.6. S.N. Maheswari: Financial Accounting7 Shukla, M.C., T.S. Grewal and S.C.Gupta: Advanced Accounts S.Chand&Co., New Delhi.8. Naseem Ahmed, Nawab Ali Khan and M.L.Gupta: Fundamentals of Financial Accounting, Ane Books Pvt. Ltd., New Delhi.9. Grewal and Gupta: Advanced Accounting5. Dr. Goyal V.K.., Financial Accounting, Excel Books, New Delhi.10. Radhaswamy and R.L. Gupta: Advanced Accounting, Sultan Chand & Sons, New DelhI

IFC3B 05 BUSINESS LAW & ISLAMIC COMMERICAL LAW

SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 3 NO. OF CREDITS - 4NO. OF CONTACT HOURS - 90 Hours Theory (4 hrs/wk) Objectives

• To understand the basics of conventional Business Law

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• To study the fundamentals of Islamic Commercial Law and to make a comparative study about two concepts.

COURSE OUTLINEPART – A

BUSINESS LAW (40 hours)

MODULE – 1 (25 hours)

Commercial Contract- Nature and classification of contracts-offer and acceptance-consideration- capacity of parties-free consent- coercion- undue influence – misrepresentation- fraud- mistake- void agreements- discharge of contract- breach of contract and remedies-contingent contracts-quasi-contracts – contract of Guarantee – Agency – Mortgage.


Sale of Goods Act, 1930-Contract for sale of goods-Meaning – essentials of a contract of sale – Conditions and Warranties- caveat emptor-sale by non owners- rules as to delivery of goods- auction sale -rights of unpaid seller.

PART - B

ISLAMIC COMMERCIAL LAW (50 hours)

MODULE -3 (15 hours)

Fundamentals of Shariah for Islamic Finance Practitioners: Sources of Shariah - Objectives of Shariah - Operatives legal maxims Definitions of assets in Shariah - Rules of ownership in Shariah - Essentials of Shariah compliant contracts - Prohibited elements in Shariah: Riba, Gharar, Haram products and activities.


Nature of Islamic Business/Financial Contracts: Intermediation contract – Mudaraba - Kitala (Guarantee) – Takaful - Wakala (Agency contract) - Juala - Hawala (Transfer) - Rahn (Mortgage) - Transaction Contract– Mudaraha - Bay Salam - Bay Mua’ajal – Ijara – Istisna – Musharaka - Wa’d (Promise) - Muwada or Mua’hida (Agreement)


Legal Practices in the Islamic Financial Industry - Shariah principles influencing regulatory framework for Islamic finance - Foundations of adequate and efficient Islamic finance environment .

Focused Shariah Council (FSC) - Strong and harmonized legislation - Legal issues to consider in structuring Shariah compliant products.

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References

Elements of Mercantile Law – N D Kapoor

Mercantile Law – M C Shukla

Islamic Commercial Law By Muhammad Yusuf Saleem – WILEY Publishers

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IFC3B 06 INDIAN FINANCIAL SYSTEM SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 3 NO. OF CREDITS - 4NO. OF CONTACT HOURS - 90 Hours Theory (4 hrs/wk)

Objectives: To provide basic knowledge about the structure, organization and working of financial system in India

COURSE OUTLINEModule I 10HoursFinancial System: Meaning and Significance-Functions of the financial system- Financial concepts-Financial Assets- Financial markets- Classification-Financial instruments-weakness of Indian Financial System.Module II 10HoursMoney market: Definition-Features-Objectives-Features of a developed money market-Importance of Money market-Composition of Money market- Money market Instruments-features of Indian money market-Recent developments.Module III 10 HoursPrimary, Secondary and Capital Markets: New issue market-meaning-functions-methods floating new issue- intermediaries in the new issue market-merchants bankers and their functions- Recent trends in new issue market - Stock Exchanges-Functions.Module IV 10 HoursFinancial Institutions: commercial banks- development financial institutions- Nonbanking financial corporation -Mutual Funds, insurance companies – Objectives and Functions (only a brief outline).Module –V 05 HoursRegulatory Institutions – RBI – Role and Functions. The Securities and Exchange Board of India-objectives-function-powers- SEBI guidelines for primary and secondary market.

Reference Books:1. Kohn, Meir: Financial Institutions and Markets, Tata McGraw Hill.2. Bhole L.M: Financial Institutions and Markets, Tata McGraw Hill.3. Desai, Vasantha: The Indian Financial System, Himalaya Publishing House.4. Machiraju.R.H: Indian Financial System, Vikas Publishing House.5. Khan M.Y: Indian Financial System, Tata McGraw Hill.

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6. Varshney, P.N., & D K Mittal, D.K.: Indian Financial System, Sulthan Chand & Sons7. Gordon E. & Natarajan K.: Financial Markets & Services, Himalaya Publishing House.8. Pathak, V. Bharati: Indian Financial System, Pearso

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IFC4B 07 BUSINESS MATHEMATICS AND STATISTICSSEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 4NO. OF CREDITS - 4NO. OF CONTACT HOURS - 90 Hours Theory (4 hrs/wk) Objective: 1-The objective of this course is to familiarize students with the applications

of2-mathematics and statistical techniques in business decisions process.

COURSE OUTLINEPART – A: Business Mathematics

Module – 1 Matrices and Determinants - Definition of a matrix - Types of matrices – Algebra of matrices - Calculation of values of determinants up to third order - Adjoint of a matrix - Elementary row operations - Finding inverse of a matrix through adjoint and elementary row operations - Applications of matrices for solution to simple business and economic problems.Module – 2 Calculus - Mathematical functions and their types – linear, quadratic, polynomial, exponential and logarithmic - Concepts of limit, and continuity of a function - Concept of differentiation - Rules of differentiation – simple standard forms(involving one variable) - Applications of differentiation – elasticities of demand and supply - Maxima and minima of functions (involving second or third order derivatives) relating to cost and revenue - Integration and its applications to business and economic situations. Module -3- Basic Mathematics of Finance: Simple and compound interest - Rates of interest – nominal, effective and continuous – and their inter-relationships - Compounding and discounting of a sum using different types of rates.PART – B : Business StatisticsModule – 4 -Introduction to statistics - Descriptive Statistics for univariate data - Preparation of frequency distributions including graphic presentations Measures of Central Tendency Arithmetic mean, Geometric mean and Harmonic mean :Properties and applications - Positional Averages :Mode and median and other partition values - quartiles, deciles, and percentiles (including graphic determination) - Measures of Variation: absolute and relative.Range, quartile deviation, mean deviation, standard deviation, and varianceModule – 6 -Correlation and Regression Analysis Correlation : Meaning, Correlation using scatter diagram - Karl Pearson's co-efficient of correlation: calculation and properties. Regression Analysis : Linear regression defined - Regression equations and estimation.

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Module – 7Index Numbers - Meaning and uses of index numbers. Construction of index numbers: fixed and chain base; univariate and composite. Aggregative and average of relatives – simple and weighted. Tests of adequacy of index numbers. Construction of consumer price indices.

Referances1. E.T. Dowling, Mathematics for Economics, Schaum’s Outlines Series, McGraw Hill Publishing Co.2. Mizrahi and Sullivan, Mathematics for Business and Social Sciences, John Wiley and Sons3. V.K. Kapoor, Essentials of Mathematics for Business and Economics, Sultan Chand-------------------------------------------------------------------------------------------------------------------------------

IFB4B 08 COST AND MANAGEMENT ACCOUNTINGSEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 4NO. OF CREDITS - 4NO. OF CONTACT HOURS - 90 Hours Theory (4 hrs/wk) Objectives: To familiarise students with the various concepts and element of cost. To create cost consciousness among the students. To enable the students to understand the concept and relevance of management Accounting To provide the students an understanding about the use of accounting and costing data for planning, control and decision taking.

COURSE OUTLINE

Module I 10 HoursIntroduction :- Definition – Meaning and Scope – Objectives – Functions – Merits and Demerits – Cost Accounting and Financial Accounting-Cost classification – Elements of cost – cost unitscost centre – Types , Methods and Techniques of Costing – cost sheet

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Module II 20 HoursMaterials :- Importance of Material cost control – Purchase procedure – store control – types of store – stores records – perpetual inventory – ABC analysis – VED analysis – JIT inventory – stock levels - EOQ issue of materials – FIFO, LIFO, simple and weighed average methods. Labour :- Importance of Labour Cost Control – Time keeping and Time Booking – Idle Time – Over Time – Computation of Labour Cost – renumeration systems and incentive schemes Overheads :- Definition – Overhead allocation – Apportionment - Re apportionment – Direct distribution – Step Ladder – Reciprocal service methods – repeated distribution and simultaneous equation methods Absorption of overheads – methods of absorption – Labour Hour Rate and Machine Hour RateModule III 10HoursBudgetary Control: Budget and Budgetary Control –Need and Importance – Types of Budgets – Preparation of Financial Budget- Flexible Budget and Fixed Budget –ZBB – Programme and Performance Budgets.Module IV 05 HoursManagement Accounting –Nature and Scope – Difference between Cost Accounting, Financial Accounting and Management accounting – Recent Trends in Management Reporting.Module V 20 HoursAnalysis and Interpretation of financial Statement: - Meaning- Types and Methods of Financial Analysis – Comparative statements – Trend Analysis – Common size statements (a general discussion only). Ratio Analysis: - Meaning –Nature – uses and limitations of Ratios –liquidity, profitability, Turnover ,Solvency, Leverage, Market test ratios – Constructions of Financial Statements from ratios –Judgment of financial stability through ratios –(Stress to be given to problem solving and interpretation skills )Module VI 15 HoursFunds Flow and Cash Flow Analysis:a. Funds Flow Statements : Meaning and concept of fund – Current and Non- Current Accounts – Flow of Fund –Preparation of Funds flow statements – uses and significance b. Cash Flow Statement : Difference between fund flows statement and cash flow statements – Preparation of cash flow statements as per AS3 Norms – Direct and Indirect methods.(Stress to be given to problems)Module VII 10HoursManagerial decision making with the help of C.V.P. Analysis : Marginal Costing- Fixed Cost, Variable Cost, Contribution, P/V ratio, Break Even Analysis – Algebraic and Graphic presentation – Decision making: Fixation of Selling Price – Exploring new markets – make or buy-key factor – Product Mix – Operate or Shutdown (Theory and problems may be in the ratio of 40% and 60%respectively)Reference Books:

1. N.K. Prasad: Cost Accounting2. Nigam & Sharma: Cost Accounting3. Khanna Pandey & Ahuja: Practical Costing4. M.L. Agarwal: Cost & Managemt Accounting5. Jain & Narang: Cost Accounting6. S.P. Iyengar: Cost Accounting

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7. S.N. Maheshwari: Cost & Management Accounting8. Horngren: Cost Accounting: A Managerial Emphasis9. M. N. Arora: Cost Accounting10. Dutta: Cost Accounting11. Sexana: Management Accounting12. Made Gowda: Management Accounting13. Dr. S.N. Goyal and Manmohan: Management Accounting14. B.S. Raman: Management Accounting

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IFC5B 09 ISLAMIC INSURANCE “THAKAFUL”SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 5NO. OF CREDITS - 4NO. OF CONTACT HOURS - 75 Hours Theory (4 hrs/wk) Objective

• To know the concepts of conventional and Islamic insurance.

• To understand working mechanism of thakaful and its regulatory issu

COURSE OUTLINE

Module – 1 (10 hours)Conventional contract of insurance – kinds of insurance contracts – basic principles: utmost good faith, insurable interest, indemnity, subrogation, contribution, causaproxima.Co-insuranceRe-insuranceModule – 2 (25hours) Islamic Insurance – TakafulIslamic attitude towards risk - Muslim objections to insurance - Permitted forms of

insurance - The nature and structure of Takaful compare with conventional insurance -

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The limitations of products within Islamic Insurance - How to remunerate the insurance

operator - The Shariah governance of Takaful undertakings - The risks and controls

within Takaful firms

Module – 3 (20 hours)Business models of thakaful – business structures and regulatory implications – shari’ah

principle governing thakaful contracts – thakaful management models.

Module – 4 (20 hours)Neo classical and neo corporatist models of Corporate Governance.

Corporate Governance Issues in the Insurance Industry.

Corporate Governance Issues in Thakaful

ReferenceTakaful Islamic Insurance: Concepts and Regulatory Issues edited by Simon Archer, Rifaat Ahmed AddelKarim, Volker Nienhaus – WILEY PUBLISHING.Islamic Insurance: A Modern Approach to Islamic Banking ByAlyKhorshidIslamic Insurance: Trends, Opportunities and the Future of Takaful edited by SohailJaffer – EUROMONEY PUBLISHING.-------------------------------------------------------------------------------------------------------------------------------

IFC5B 10 ISLAMIC FINANCIAL INSTITUTIONS SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 5NO. OF CREDITS - 4NO. OF CONTACT HOURS - 75 Hours Theory (4 hrs/wk) Objective

• To understand institutional setup for Islamic finance institutions globally.

• To know the conversion of interest based baking to Islamic finance

COURSE OUTLINE

Module – 1 (10 hours) -Framework of Islamic financial institutions–overview of Islamic financial system – Islamic banking operations – the evolution of Islamic banking – theoretical considerations of Islamic financial system.Module – 2 (25 hours) -Conversions of Interest Based Banking to Islamic Banking - The General Approach - Conversion on the Assets Side - Participative Finance - Treasury Management - Islamic Window - Islamic Branch/Unit - Islamic Subsidiary - Trade Finance - Documentary Collection and the passing of title - Diagramming the main Shariah issues for LPOs/LOCs - Diagramming of sales and partnership with

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LPOs/LOCs - Diagramming a sales contract and shifting it into a credit instrument - Pure Murabaha Import LOC - Agency Murabaha LOCModule – 3 (10 hours)-The Intenational Association of Islamic Banks (IAIB) - The Higher Riligious Supervisory Board and Dar Al-Maal Al-Islami - Islamic Development Banks and its Role – Islamic Banks operations in Iran, Pakistan, Malaysia and Turkey.Module – 4 (25 hours)-Islamic insurane institutions across the world – Islamic fund management institutions in the international scenario.Islamic banking operations in India-Islamic stock exchange indices all over the world – Indian Indices – BSE shari’ah Index – operative mechanism.-Overview of Islamic venture capital institutions in India.ReferenceDirectory of Islamic Financial Institutions (RLE: Banking & Finance) edited by John R R PresleyROUTLEDGE LIBRARY EDITIONS.Islamic Financial Institutions of India - Progress, Problems and Prospects - Mohammad GhousIkhtiyarrudinBagsiraj. -------------------------------------------------------------------------------------------------------------

IFC5B 11 ISLAMIC MICRO FINANCE SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 5NO. OF CREDITS - 4NO. OF CONTACT HOURS - 75 Hours Theory (4 hrs/wk) Objective

• To know the role of micro finance in the financial sector.

• To understand the micro finance aspects of Islamic banking.

COURSE OUTLINE

Module – 1 (20 hours)-Introduction to Microfinance - Definitions vis-à-vis microfinance

and microcredit - From moneylenders to Microfinance: History, and recent development.

The Demand for Microfinance Services - Credit: Consumption and Productive – Savings

- Insurance Remittances - Housing Finance - Microleasing, etc. The Supply of

Microfinance Services - Microfinance Institution - NGOs - Bank Linkages

-Microfinance Delivery Models [GREMEEN, ASA, BRAC].

Islamic aspects of micro finance

8818/GA - IV - B1/2012/CU (Page : 94)

Module – 2 (20 hours)

Concept of Marketing in Microfinance - Application of 5Ps of marketing - Marketing

Ethics in Islamic Banking - Qualities and criteria of IB marketing personnel - Packaging

Islamic Microfinance Products - Success factors in marketing Islamic Microfinance

Products - Uniqueness of Islamic Microfinance Products - Effective ways in marketing of

Islamic Microfinance Products - Building Customer Relations and Care - Effective

communication with Customers - Managing difficult customers


Risk Management in Microfinance - Types of risks faced by MFI - Measuring the

different risk exposures MFI - Developing and implementing strategies for risk

management for MFIs


Transformation of Microfinance from Conventional to Islamic Operations - Defining

transformation and its imperative for MFI - Factors leading to the need for MFIs to

transform - Legal alternatives for transformation - Institutional changes necessitated by

transformation - Changes faced by transforming MFIs

Reference

An Islamic Microfinance Enterprise: The Financial Vehicle That Will Change the Face of

the Islamic World, The Power of Salam Financing by BySaad Al-harran, Dr., Alfred Yong

FohSen, Sri Anne Haji Masri.

An Introduction to Islamic Microfinance" - Dr. M. Obaidullah

IFC5B 12 MARKETING OF ISLAMIC BANKING PRODUCTS SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 5NO. OF CREDITS - 4NO. OF CONTACT HOURS - 75 Hours Theory (4 hrs/wk) Objective

• To understand about the marketing activities in Islamic banking.

• To know the role of marketing in the international Islamic financial institutions to expand its operations.

COURSE OUTLINE

Module – 1 (20 hours)Concept of Marketing

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Application of 5Ps of marketingProduct, Price, Promotion, Place and PeopleMarketing Ethics n Islamic BankingQualities and criteria of IB marketing personnelModule – 2 (15 hours)Packaging Islamic Banking ProductsBroad categories of banking activitiesCustomers expectationModule – 3 (20 hours)Success factors in marketing Islamic Banking ProductsoUniqueness of Islamic Banking ProductsEffective ways in marketing of Islamic Banking ProductsThe do’s and dont’s in marketingModule – 4 (20 hours)Building Customer Relations and CareRecognizing the importance of the customerOpportunities and responsibilities when facing customersEffective communication with CustomersPersonalizing customer contactBuilding businesses through customer contactsManaging difficult customersReferenceEconomic enterprises in Islam – Najathulla Siddiqui.Studies in Islamic Economics – Kurshid Ahammed.Marketing Management – Philip Kotler.--------------------------------------------------------------------------------------------------------------------------------------

TITLE OF THE COURSEIFC5B 13 ARABIC FOR BANKING AND INSURANCE

SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 5NO. OF CREDITS - 3NO. OF CONTACT HOURS - 75 Hours ( Theory ) (3 hrs/wk)

COURSE OUTLINEUnit 1

1-Chapter -5 ,Business arabic (page 187 )

2-Chapter-6 Business Arabic (Page 207)

Unit 2

8818/GA - IV - B1/2012/CU (Page : 96)

3- Chapter -6 Money markets and commercial translation (page 230 –264 from A

Handbook of Commercial Arabic )

4- Chapter -7 Business Arabic (Page-261) First five titles and Balance sheets

Unit 3

5-Chapter 9 Business Arabic (First half of the total nos. only –Page -301)

Prescribed Text Book s

1- A hand book of Commercial Arabic written-new edition –Dr KP Aboobacker

2- Business Arabic-By- Dr. AI Rahmathullah.

IFC5B 14 FINANCIAL MANAGEMENTSEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 5NO. OF CREDITS - 4NO. OF CONTACT HOURS - 75 Hours Theory (4 hrs/wk) Objectives: To familiarize the students with the concepts, tools and practices of financial management, and, To learn about the decisions and processes of financial management in a business firm.

COURSE OUTLINEModule – I 10 HoursIntroduction: Nature, scope and objectives of financial management - Time value of money and mathematics of Finance - Concept of risk and return.

Module – II 20 HoursInvestment Decision: Capital budgeting process - Estimation of Relevant cash flows– Payback Period Method, Accounting Rate of Return, Net Present Value, Net Terminal Value, Internal Rate of Return, Profitability Index, Capital budgeting under Risk-Certainty Equivalent Approach and Risk Adjusted Discount Rate.

8818/GA - IV - B1/2012/CU (Page : 97)

Module – III 20 HoursFinancing Decision: Cost of Capital and Financing Decision-Estimation of components of cost of capital, Equity capital, Retained earnings, Debt and Preference Capital, Weighted average cost of Capital and marginal cost of capital, Sources of long term financing- capital structure, operating and financial leverage, determinants of capital structure.Module – IV 10HoursDividend Decision: Dividend Decision-relevance and irrelevance of dividend decision – Cash and stock dividends-Dividend policy in practice.Module – V 15 HoursWorking Capital Management: Meaning and nature of working capital - Determination ofworking capital requirement - A brief overview of Cash management, Inventory management and Receivables management. (Theory and problems may be in the ratio of 50% and 50%respectively)Reference Books:1.Horne, J.C. Van: “Financial management and policy”,Prentice Hall of India New Delhi.2.Khan and Jain:“Financial Management text and problems”,Tata McGrawHill New Delhi3. Pandey, I.M: “Financial Management”, Vikas Publications.4. Bhalla, V.K.: “Financial Management & Policy,” Anmol Publications, Delhi.

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IFC6B 15 RISK MANAGEMENT IN ISLAMIC FINANCE

SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 5NO. OF CREDITS - 4NO. OF CONTACT HOURS - 75 Hours Theory (4 hrs/wk) Objective

• To understand various types of risks in Islamic finance

• To study the techniques of risk management in the Islamic finance institutions.

COURSE OUTLINEModule – 1Control and Risk Assessment in Islamic Financial InstitutionsBasic principles of risk management - The concept of risk in Islam - Types of risks - Business risks – displaced commercial risk, withdrawal risk, solvency risk - Governance risk-fiduciary risk, operational risk, transparency risk - Transaction risk – credit risk, market risk, mark-up risk, PLS risk - Treasury risks-assets and liability management,

8818/GA - IV - B1/2012/CU (Page : 98)

liquidity risk, hedging risk - Systemic risks-regulatory risk, business environment risk, institutional risk, reputational risk.Module – 2Mitigating risk through third party guarantees - The Methodology of analyzing risk in IFI transactions - Risk Management in Microfinance - Types of risks faced by MFIs - Measuring the different risk exposures MFIs - Developing and implementing strategies for risk management for MFIsModule – 3 -Risk Profile: AnalysisAnalyzing Risk Profiles in Equity-based instruments - Detecting risk in Mudaraba, Wadia and Amana products - Comparing Mudaraba-based products with conventional products - Identifying the risks in Mudaraba structuring - Risk weighing for Mudaraba structures - Identifying key methods of risk management for Mudaraba - Analyzing Risk Profiles of Musharaka and Diminishing Musharaka - Detecting risk in Musharaka and Musharaka Diminishing - Reviewing the structures of Musharaka and Diminishing Musharaka - Managing the risk in Musharaka and Diminishing - Risk profile of Musharaka and Diminishing - Analyzing Risk Profiles in Sale-based InstrumentsDetecting risk in MurabahaModule – 4Identifying the risks - Managing the risks - Analyzing Risk Profiles in Lease-based Instruments Detecting risk in Ijara - Reviewing alternative Ijara structures - Risk Profiling of Ijara structureDisclosure and management of Ijara - Analyzing Risk Profiles in Forward Sale Instruments - Reviewing alternative Salam and Istisna structures - Risk profiling of Salam structures - Risk profiling of Istisna structures - Disclosure and managementReferenceEconomic enterprises in Islam – Najathulla Siddiqui.-------------------------------------------------------------------------------------------------------------------------------

IFC6B 16 ISLAMIC FUND MANAGEMENT AND SECURITRY MARKETING


• To overview the concepts of fund management in Islamic Finance.

• To study the different kinds of securities in the Islamic finance.

COURSE OUTLINEModule – 1 -Islamic Asset and Fund Management - Islamic Perspective of Wealth - Purpose of Investment in Islam - Prohibited Industries and their Problems - The Islamic Stock selection process and the role of the Shariah Supervision Board - The Crisis in Global Wealth Management, US and Asia experience

8818/GA - IV - B1/2012/CU (Page : 99)

Module – 2-Islamic Capital Market Instruments - The hierarchy of capital markets: where do Islamic products - Islamic position in conventional stock market - Islamic investment purification principles.Commodity Murabaha - Islamic leasing - Islamic Equity Market Funds - Real Estate Investment Trusts - Islamic Hedge Funds - Islamic Rating Systems - Islamic Market Indices - Dow Jones Islamic Market index (DJIM) - FTSE Global Islamic Index Series - Factors affecting innovation in Islamic Banking and Capital MarketModule – 3 -Islamic Securitization - Securitization for conventional banking products - Securitization for Islamic Banking Products - The driving forces behind securitization - What are the Shariah requirements for securitization?Module – 4 -Islamic Bonds (Sukuk) - Sukuk basis - How have Sukuk evolved - How do Sukuk differ from conventional bonds - AAOIFI Sukuk standards - Alternative Sukuk structure - Sukuk and the private sector - Rating Sukuk - Risks associated with SukukReference1. Chandra, P: “Financial Management- theory and practice”, Tata Mc Graw Hill.2. Singh, J.K.: “Financial Management- text and Problems”, Dhanpat Rai and Company,Delhi.-------------------------------------------------------------------------------------------------------------------------------

IFC6B 17 OPERATIONAL ISLAMIC BANKING SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 6NO. OF CREDITS - 4NO. OF CONTACT HOURS - 75 Hours Theory (4 hrs/wk) Objectives

• To know the basics of conventional banking and Islamic banking.

• To overview the pros and cons of conventional and Islamic banking.

COURSE OUTLINE

Module – 1 (20 hours) -Conventional Commercial Banking – working mechanism –

deposit schemes and its functioning – lending schemes – other supporting services

offered by commercial banks – profit making of commercial banking – interest rates for

deposit schemes and lending.

8818/GA - IV - B1/2012/CU (Page : 100)

Module – 2 ( 20 hours) -Structure of an Islamic Bank - Structure of an Islamic

Bank/Islamic Banking Model - The Islamic Banking Markets: Funds Mobilization and

utilization.

Financial Instruments being used to mobilize funds: Current Account - Saving

Account - Investment Account - Specific purpose investment account -

General purpose investment account

Module – (30 hours) -Financial instruments being used to utilize funds -

Equity financing - Project financing under the principle of Al-Mudaraba

(Trustee Financing) -Project Financing under the principle of al-Musharaka

(Equity Joint Venture) - Al-QardAlhassan.

Debt Financing - Trading Financing - Commodity ventures as the basis of

Murabaha - Letter of credit under Al-Wakalah, Al-Mushariaka and Al-

Mudarabaha.

Letter of Guaranntee - Financing working capital under Al-Murabaha - Rental

(Venture and Financing (Ijarah) - Equity Lease Purchase - Equity Hire

Purchase - Partnership Venture - Personal Finance - Trade Finance Deal -

Company Business Financing - Finishing work capital under the principle of

Al-Murabaha - Mortgage Financing - Procedure of Assessment of Profit/Loss

Sharing.

Module – 4 (20 hours) -Balance Sheet and Income Statement Analysis of

Islamic Banks and Other Accounting Issues - Document and Documentation

for Islamic Banks.

Challenges for Islamic Banks

Conversion of conventional banking to Islamic Banking.

References Islamic Banking by Mervyn Lewis, Latifa M. Algaoud Islamic Banking: How to Manage Risk and Improve Profitability By Amr Mohamed El Tiby Ahmed – WILEY Publishing.Banking theory and practice – K C ShekharBanking theory: Law and Practice – Rajesh, McGraw Hill Publisher-----------------------------------------------

8818/GA - IV - B1/2012/CU (Page : 101)

IFC6B 18 CORPORATE GOVERNANCE IN ISLAMIC FINANCE


• To understand the importance of corporate governance in different kinds of business organization.

• To describe the ethical elements of Islamic Finance

COURSE OUTLINEModule – 1 (15 hours) -Corporate Governance– concepts – scope – the significances of constitutions for corporate entities - difference between governance and management – corporate governance in sole trading concern, partnership and companies.Module – 2 (20 hours) -International Corporate Governance Guidelines [including SEC guidelines] and their applicability to Islamic Banks - Corporate Governance at IFIs - Corporate Governance In Islam - Corporate Governance processes and policies in Islamic Banks - Guiding principles for Corporate Governance at Islamic Banks.Module – 3 (20 hours) -The Shariah Supervisory Board - Fit and proper requirements and the selection process - Internal Shariah Advisor/Officer - Roles and Responsibilities - Monitoring, reporting and Audit structures Assessment of effectiveness - Separation of parties (Shareholders Vs. Management)Module – 4 (20 hours) -Conventional Banking Regulation and Supervision requirement [ BASEL, BOFIA,etc Principles and Guidelines] - Microfinance Legal Frameworks, Regulations and Policy - How the overall regulatory framework affects the integrations of microfinance institutions into the financial system - Banking regulation and supervisions in an Islamic framework - Information disclosureThe Role, Functions and Challenges Of Central Banks In Regulation And Supervision

Of Islamic Banks.Comparative Study of Islamic Banking And Islamic Banking

Regulations And Supervisions in U.K ,Malaysia - Shariah Advisory Board quality of

Islamic Banking Supervision and Regulation.

ReferenceCorporate Governance: Principles, Policies and PracticesBy Bob Tricker – Oxford PublicationsAn Islamic Perspective on GovernanceByZafarIqbal, ZafarIqbal, Mervyn Lew

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8818/GA - IV - B1/2012/CU (Page : 102)

IFC6B 19 SECURITY ANALYSIS AND PORTFOLIO MANAGEMENT(Investment Management)

SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 6 NO. OF CREDITS - 4NO. OF CONTACT HOURS 75 Hours Theory (4 hrs/wk) Objectives: To familiarize the students with the world of investments. To provide a theoretical framework for the analysis and valuation of investments.

COURSE OUTLINEModule I 18 HoursThe Investment Environment: The investment decision process - Types of Investments Commodities, Real Estate and Financial Assets - security market indices Sources of financial information - Concept of return and risk.Module II 10 HoursFixed Income Securities: Bond features - types of bonds - estimating bond yields - types of bond risks - default risk and credit rating –Bond valuationModule III 20 HoursApproaches to Security Analysis: Fundamental Analysis - Technical Analysis and Efficient Market Hypothesis - dividend capitalisation models - price earnings multiple approach to equity valuation.Module IV 17 HoursPortfolio Analysis and Financial Derivatives: Portfolio and Diversification -Portfolio Risk and Return – Introduction to Financial Derivatives - Financial Derivatives Markets in India.Module V 10 Hours Investor Protection: SEBI & role of stock exchanges in investor protection -investor grievances and their redressal system - insider trading - investors’ awareness and activism. (Theory and problems may be in the ratio of 50% and 50%respectively)

Reference Books:1. Donald E. Fisher and Ronald J. Jordan: “Securities Analysis and PortfolioManagement”, Prentice Hall, New Delhi.2. S. Kevin: Security analysis and portfolio Managmennt3. Sourain, Harry: “Investment Management”, Prentice Hall of India.4. Francis and Archer: “Portfolio Management”, Prentice Hall of India.5. Gupta L.C.: Stock Exchange Trading in India; Society for Capital Market Researchand Development, Delhi.

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8818/GA - IV - B1/2012/CU (Page : 103)

IFC6B 20 PROJECT WORK : DESIGNING AN ISLAMIC FINANCE PRODUCT

SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 6NO. OF CREDITS - 3Project WorkDuring the sixth semester every student shall do a project. The student may choose any topic from the subjects he/she has studied.The candidate shall prepare and submit a project report to the Department.

The report shall be printed and spiral bound with not less than 50 A4 size

pages.

The project report should be submitted to the Head of the Department one

month before the last working day of the sixth semester.

Project work shall have the following stages

o Project proposal presentation

o Field work and data analysis

o Report writing

o Draft project report presentation

o Final project report submission

The project can be done individually.

The candidate shall prepare at least two copies of the report: one copy for

submission to the Department and one copy for the student which he/she

has to bring with him/her at the time of viva voce. More copies may be

prepared If the organization or the guide or both ask for one copy each.

Duration of project work

The duration for project work is 3 weeks.

A certificate showing the duration of the project work shall be obtained from

the supervising teacher or from the organization for which the project work

was done and it shall be included in the project report.

Structure of the report

8818/GA - IV - B1/2012/CU (Page : 104)

Title page

Certificate from the organization (for having done the project work)

Certificate from guide

Acknowledgements

Contents

Chapter I: Introduction (Organization profile, Research problem,

Objectives of the study, Research methodology etc.)

Chapter II: Review of literature

Chapters III and IV: Data Analysis (2 or 3 chapters)

Chapter V: Summary, Findings and Recommendations.

Appendix: (Questionnaire, specimen copies of forms, other exhibits etc.)

Bibliography (books, journal articles etc. used for the project work).

Evaluation of project report

The project report shall be subject to internal and external evaluation. The

internal evaluation shall be carried out by the supervising teacher and

external evaluation by the examiners appointed by the University inclusive

of Viva-voce examination.

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8818/GA - IV - B1/2012/CU (Page : 105)

COMPLEMENTARY PAPERS

IFC2C 02 Computer Application in BusinessSEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 2 NO. OF CREDITS - 4NO. OF CONTACT HOURS - 60( Theory ) -30 (Practical ) = 90 Hours (4 hrs/wk)

Objective: To enable the students to acquire basic knowledge in the various office automation tools and its applications in the various areas of business.

COURSE OUTLINE

Module 1: 10 HrsComputer – definition - Computer users - Computer for individual users - Computer for organizations - Computer in society –Components of Computer - input unit - output unit - storage unit CPU- ALU - control unit - registers - computer hardware – System software - Application software.

Module II (Theory 15 hours and practical 10 hours)Word Basics : Starting word - Creating a new document - Opening preexisting document - The parts of a word window - Typing text - Selecting text - Deleting text - Undo – Redo – Repeat - Inserting text -Replacing text - Formatting text - Cut - Copy - Paste – Formatting Text and Documents - Auto format -Line spacing – Margins - Borders and Shading.Headers and Footers : Definition - creating basic headers and footers –Tables - Creating table – adding changing Deleting rows - Inserting changing Deleting column - Graphics - Importing graphics – Clipart - Insert picture - Clip Art Gallery - drawing objects - text in drawing.Templates: Template types - using templates - exploring templates - modifying templates.Macros: Macro - Record in macros - editing macros - running a macro.Mail Merge: Mail Merge concept - Main document - data sources - merging data source and main document - Overview of word menu options - word basic tool bar.

Module III: (Theory 15 hours and practical 10 hours)MS EXCEL Electronic Spreadsheet - Structure of spreadsheet and its applications to accounting, finance, and marketing functions of business - Creating a dynamic / sensitive worksheet - Concept of absolute and relative cell reference - Using built in functions - Goal seeking and solver tools - Using graphics and formatting of worksheet - Sharing data with other desktop applications - Strategies of creating error- free worksheet.

Module III: (Theory 10 hours and practical 10 hours)Power Point : Basics – Terminology - Getting started - Views - Creating Presentations - Using autocontent wizard - Using blank presentation option - Using design template option - Adding slides – Deleting a slide - Importing Images from the outside world - Drawing in power point - Transition and build effects - Deleting a slide - Numbering a slide - Saving presentation - Closing resentation - Printing presentation elements.

Module IV: (Theory 10 hours)

8818/GA - IV - B1/2012/CU (Page : 106)

Internet concept – History - Development in India - Technological foundation of internet – Distributed computing - Client – server computing - internet protocol suite - Application of distributed computing - Client server computing - Internet protocol suite in the internet environment - Domain Name System (DNS) - Generic Top Level Domain (g TLD) - Country code Top Level Domain (cc TLD) – Indian – Allocation of second level domains - IP addresses - Internet Protocol - Applications of internet in business, Education, Governance, etc.

Books for Reference1. Ron Mansfield, Working in Microsoft office, Tata McGraw Hill (2008)2. Ed Bott, woody Leonhard, using Microsoft Office 2007, Pearson Education (2007)3. PCSoftware Made Simple-R.K.Taxali4. Office 2000 complete reference - Stephen L.Nelson

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TITLE OF THE COURSEIFC3C 03 COMPUTERISED ACCOUNTING WITH TALLY

SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 3 NO. OF CREDITS - 4NO. OF CONTACT HOURS - 60 Theory and 30 practical = 90 Hours (4 hrs/wk)

Objective: To enable the students to acquire basic knowledge in the computerised accounting systems and its applications in the area of business.

COURSE OUTLINE

Module I 10hours)Introduction to accounting - accounting basis and terms - branches of accounting - mode of accounting - manual accounting - computerized accounting fundamentals.

Module II (10 Theory hours and 10 practical hours)Accounting with Tally - Introduction to Tally - tally interface - f11 features-f12 configuration - company creation - accounting groups - accounting ledgers - accounting vouchers – vouchers entry.

Module III (10 Theory hours and 10 practical hours )Inventory management with tally - stock groups - stock items - stock category - unit of measures– godown inventory vouchers (Pure inventory and inventory vouchers)

Module IV (15 theory hours and 5 practical hours )

8818/GA - IV - B1/2012/CU (Page : 107)

Accounting and inventory reports - Trading, Profit and loss A/c - balance sheet - ledgers cost centre and budget reports - cash book and bank book - inventory reports - Decision supporting tools - Ratio analysis - cash flows - fund flow-budgeting system - printing of reports – voucher and bill printing etc.

Module V (15 theory hours and 5 practical hours)Technology advantage of Tally - Tally audit - Tally vault-back up, restore, merge and split o fdatabase - ODBC interface - export and import of data - web enabled reporting - online support of software.

Reference Books 1.A.K. Nadhani and K.K. Nadhani – Implementing Tally 6.3, I/e BPB Publications; New Delhi2. Namrata Agarwal – Tally 6.3; 2004 edition; Dream Tech; New Delhi3. Tally, Sridharan, Narmadha publications, May 2

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TITLE OF THE COURSEIFC4C 04 E – COMMERCE

SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 4NO. OF CREDITS - 3NO. OF CONTACT HOURS - 90 Hours Theory (4 hrs/wk)

Objectives:• To enable the student to understand basics of E-Commerce• To gain a practical orientation to E-Commerce and E- Business

management

COURSE OUTLINEModule I – Introduction to E- commerce : Meaning and concept – E- commerce v/s Traditional Commerce- E- Business & E- Commerce – History of E- Commerce – EDI – Importance , features & benefits of E- Commerce – Impacts, Challenges & Limitations of Ecommerce – Supply chain management & E – Commerce – E – Commerce infrastructure.10 hoursModule II – Business models of E – Commerce: Business to Business – Business to customers – customers to customers - Business to Government – Business to employee – E – Commerce strategy – Influencing factors of successful E- Commerce.10 hoursModule III – Marketing strategies & E – Commerce : Website – components of website – Concept & Designing website for E- Commerce –

8818/GA - IV - B1/2012/CU (Page : 108)

Corporate Website – Portal – Search Engine – Internet Advertising – Emergence of the internet as a competitive advertising media- Models of internet advertising – Weakness in Internet advertising – Mobile Commerce.10 hoursModule IV – Electronic Payment system : Introduction – Online payment systems – prepaidand postpaid payment systems – e- cash, e- cheque, Smart Card, Credit Card , Debit Card,Electronic purse – Security issues on electronic payment system – Solutions to security issues – Biometrics – Types of biometrics.15 hoursModule V – Legal and ethical issues in E- Commerce: Security issues in E- Commerce-Regulatory frame work of E- commerce.05 hoursReference Books:1. Turban, Efraim, David King et. el.: Electronic Commerce: A Managerial Perspective,Pearson Education Asia, Delhi.2. Kalakota, Ravi: Frontiers of Electronic Commerce, Addison - Wesley, Delhi.3. Rayport, Jeffrey F and Jaworksi, Bernard J: Introduction to E-Commerce, Tata McGrawHill, New Delhi.4. Smantha Shurety,: E-Business with Net Commerce, Addison - Wesley, Singapore.5. Rich, Jason R: Starting an E-Commerce Business, IDG Books, Delhi.6. Laudon, Kenneth C and Carol Guercio Traver : E-Commerce business. Technology.Society, Pearson Education, Delhi.7. Stamper David A, and Thomas L.Case: Business Data Communications, PearsonEducation, New Delhi.8. Willam Stallings: Business Data Communications, Pearson Education, New Delhi---------------------------------------------------------------------------------------------------

8818/GA - IV - B1/2012/CU (Page : 109)

COMMON PAPERS

A 01 COMMUNICATIVE ENGLISH -Paper 1 SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 1 NO. OF CREDITS - 4NO. OF CONTACT HOURS- 60( Theory ) -30 (Practical ) = 90 Hours (4 hrs/wk)

COURSE OUTLINE MODULE – I: PHONETICS BASICS

• Received Pronunciation – Sounds: Vowels/Diphthongs, Consonants – Syllables –

Word stress – Transcription of words- Weak forms – Intonation

MODULE – II: ENGLISH LANGUAGE • Parts of speech – Articles

• Modals

• Sentence types – Subject-verb concord

• Tenses – Voice – Reported speech

• Clauses – Tag questions

• Punctuation

• Common errors

• Jumbled sentences

MODULE III: VOCABULARY • Word formation – Synonyms, Antonyms – Homonyms, Homophones

• Words often confused – One word substitution – Phrasal verbs –

Idiomatic expressions - Eponyms

MODULE IV: (A)Communication

• Communication, an overview - Definition & Process – Features –

Importance • Forms – Barriers – Remedies – Non verbal communication

• Body language – Paralinguistic features – Proxemics/Space distance – Haptics

(B) Telephonic skills – Group Discussion – Facing interviews

READING LIST

8818/GA - IV - B1/2012/CU (Page : 110)

1. Study Listening: A Course in Listening to Lectures and Note-taking (Book with Audio CD) Tony Lynch Cambridge University Press (2008) 2 Study Speaking: A Course in Spoken English for Academic Purposes (Book with Audio CD) Kenneth Anderson, Joan Maclean and Tony Lynch Cambridge University Press, 2008 3 Spoken English Part I & II A Foundation Course for Speakers of Malayalam Kamlesh Sadanand, & Susheela Punitha Orient Longman Pvt Ltd (2008) 4 Oxford Guide to Effective Writing and Speaking John Seely New Delhi, OUP, 2001

TITLE OF THE COURSECommon Paper –ARABIC

AR1A07 (02) COMMUNICATION SKILL IN ARABIC Paper

I

SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 1 NO. OF CREDITS - 4NO. OF CONTACT HOURS - 60( Theory ) -30 (Practical ) = 90 Hours (4 hrs/wk)

Aims and Objectives

• To teach the students the basics of interpersonal interaction in Arabic

• To train the students to communicate in Arabic in selected situations

COURSE OUTLINEModule 1. Interpersonal Interaction

• Knowing each other

• The traveler

• The picture

• The lunch

• Accommodation

Module 2. Situational Conversation I

• The Family

• Are you sure?

• I am a student

8818/GA - IV - B1/2012/CU (Page : 111)

• The street is crowded

• What is your opinion?

Module 3. Situations Conversation II

• What is your Hobby?

• How to make friends?

• Why were you absent?

• What do you prefer?

• I wake up early

Module 4. General Conversation

• When do you go to the College?

• How do you feel now?

• What's the reason?

• A sad news

• Now I am a grown up man

(Note: Each chapter followed by additional exercises for practice)

Prescribed Text Book : Muhadasath Youmiyya

Edited by : Dr. Mohammed Haneefa. P

Books for reference :1- Al Arabiyya Linnashieen, Part 1 & 2

2- Al Arabiyya lil hayath,part 1 & 2

8818/GA - IV - B1/2012/CU (Page : 112)

TITLE OF THE COURSEA 03 COMMUNICATIVE ENGLISH Paper II

SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT -- 2 NO. OF CREDITS - 4NO. OF CONTACT HOURS - 60( Theory ) -30 (Practical ) = 90 Hours (4 hrs/wk)

COURSE OUTLINEMODULE IBASICS OF COMMUNICATION

• Significance of Business Communication

• Overcoming Barriers to Communication

• Strategic Relevance of Communication

MODULE II ORAL COMMUNICATION SKILLS

• Essentials of Oral Communication Skills

• Delivering a Persuasive Speech

• Successful Meeting Skills

• Listening Skills

MODULE III WRITTEN COMMUNICATION SKILLS

• Understanding Body Language

• Para-linguistics or Para Language

MODULE IV NON-VERBAL COMMUNICATION

• Writing Skills

• Writing Style

• Writing Business Letters

• Electronic Communication

MODULE V BUSINESS APPLICATIONS• Writing Business Reports

• Writing Applicant Profile or Resume

• Interviewing Skills

• Negotiation Skills

• Cross Cultural Communication Skills

READING LIST 1. Effective Technical Communication, M. Ashraf Rizvi, Tata Mc. Graw-Hill Publishing

Company Ltd.

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2. Academic Writing- A Practical guide for students by Stephen Bailey, Rontledge Falmer, London & New York, 2004.

3. English Grammar, composition and Effective Business Communication M A Pink & S E Thomas

4. A Guide to Business Correspondence and Communication skills ,A N Kapoor.5. Commercial Correspondence and office management, R S N Pillai & Bagavath

TITLE OF THE COURSEAR2A 08(2) FUNCTIONAL ARABIC - Paper I

SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 2NO. OF CREDITS - 3NO. OF CONTACT HOURS - 60( Theory ) -30 (Practical ) = 90 Hours (4 hrs/wk)

COURSE OUTLINEUnit 1 –The Hotel

Lesson 1 To the hotel

Lesson 2 In the hotel

Lesson 3 Before leaving the hotel

Unit 2 The market

Lesson 4 Going to the market

Lesson 5 At Textile shop

Lesson 6 At Central Market

Unit 3 At Hospital

Lesson 10 In doctors clinic

Lesson 11 In medical lab section

Lesson 12 In Ex-ray section

Unit 4 The traffic and road enquiry

Lesson 13 Between traffic police and a Taxi driver

Lesson 14 Road Enquiry

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Lesson 15 Enquiry in traffic directorate

Prescribed Text Book : Al Arabiyya lil Hayat -Book -2

Edited by Dr. K.M. Mohamed

TITLE OF THE COURSEA 05 BUSINESS COMMUNICATION

SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 3 NO. OF CREDITS - 3NO. OF CONTACT HOURS - 90 Hours Theory (4 hrs/wk)

Objectives:. To develop communication skills among students. To understand Business Communication Process.

COURSE OUTLINEModule I 15HoursIntroduction-importance of communication – basic form of communication – principles of effective communication – self development and communication – development of positive personal attitudes – barriers to communicationModule II 10HoursCommunication through letters – essential qualities of a business letter – appearance – layout – structure – body and kinds of business letters.Module III 20HoursPersonal correspondence- application for appointment – resume – reference – appointment letter – letters of introduction – recommendations – resignation letters – show cause – charge sheet dismissal letter.Module IV 15HoursPurchase and sale correspondence – enquiries – offers and quotation – tender – order – execution and cancellation of order – complaints, claim and adjustment – replies to complaints – follow up letters – sales letters – circulars – status enquiries – collection lettersModule V 15 HoursCorporate communication – formal and informal communication network – grapevine – business communication policies – mock interviews – seminars – listening exercise – presentation – presentation skills – oral presentation – sales presentation – training

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presentation – motivation speeches – report writing – report preparation – visual aids – MS-PowerPoint.Module VI 15HoursLearning Business information – news of reading techniques – listening to lectures by individual and team faculty, and not taking – student seminars – individual and team presentation – filed studies, case studies and project reports. Posing problem for investigation, data location, primary and secondary sources, use of cross tabulation, tabular presentation, diagrammatic representation of data, deducting inferences, reporting results and suggesting executive actions

8818/GA - IV - B1/2012/CU (Page : 116)

TITLE OF THE COURSEAR3A09 (2) 06 COMMERCIAL ARABIC -Paper I

SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 3NO. OF CREDITS - 3NO. OF CONTACT HOURS - 90 Hours (Theory ) (4 hrs/wk)

COURSE OUTLINEUnit 11- Letter writing (Page 15-24)2- Correspondence (Page 26-80,ten letters) Unit 23- Job Applications (Page 82-95, 6 applications) 4- Advertisements and Notifications (Page 102-112, Ten advertisements) Unit 35- Tenders and quotations (Page 132-147, Ten examples)6- Employment abroad (Page 150-157, 5 examples)

Priscribed Text Book : A hand book of Commercial Arabic -New edition by Dr. K.P. Aboobacker

Books for reff;

1-Technical, Business, Legal and Journal Arabic-Dr.TP Mohammed Abdul Rasheed/Alhudha Bookstall-Calicut

2- The Commcrcial Arabic Prof:VP Abdul Hameed /Alhuda Bookstall , Calicut

TITLE OF THE COURSEA 07 ADVANCED COMMUNICATION SKILLS IN ENGLISH

SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 4 NO. OF CREDITS - 4 NO. OF CONTACT HOURS - 60( Theory ) -30 (Practical ) = 90 Hours (4 hrs/wk)

COURSE OUTLINEMODULE1 - Communication - An Overview

• Communication : Its Meaning And Nature

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• Importance And Purpose Of Communication

• Channels Of Communication : Formal Vs. Informal

• Means/Media Of Communication : Importance Of Verbalization Or Use Of Words

• Verbal Communication : Oral

• Telephone Conversation

• Verbal Communication : Written

• Non-Verbal Communication

• Kinesics Or Body Language

• Para language Or Paralinguistic

• Culture And Communication

• Emotional Intelligence

• Conflict And Negotiation

• Group Decision-Making

• Presentations And Interviews

MODULE 2-Advertising and Public Relations• Communication And Customer Care/Customer Relations

• Business Etiquette

• Advertising

• Communication For Public Relations

• Corporate Communication

• Ethics And Values In Business Communication

• Barriers And Breakdowns In Communication

• Guidelines For Effective Communication

MODULE 3 - English for Effective Business Communication• Business English Or English For Business?

• Tips for Clear Writing

• Tips for Persuasive Writing

• Avoiding Substandard Writing

• Ways to Enrich Vocabulary

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• American English and Some Recent Additions to English Vocabulary

• Some Common Idioms and Phrases

• Abbreviations and Acronyms

READING LIST 1. Eyre, E.C. (1985) Effective Communication Made Simple, Rupa and Co.Calcutta2.Balan,K.R. and Rayudu C.S. (1996) Effective Communication, Beacon New Delhi.3.Ghanekar,A(1996) Communication Skills for Effective Management. Everest Publishing House, Pune.

TITLE OF THE COURSEAR2A10(2) COMMERCIL ARABIC Paper II

SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 4NO. OF CREDITS - 3NO. OF CONTACT HOURS - 90 Hours ( Theory ) (4 hrs/wk)

COURSE OUTLINEUnit 1

1- Certificates and documents (Page 174 – 191, Ten certificates)

2- Glossary of idioms and expressions (Page 276 – 282)

I. Banks and accounts (Page 294 – 296)

Unit -II

3-correspondence (page-305-313)

4-journalistic style and expression (page-314-319)

Priscribed Text Book : A hand book of Commercial Arabic

by Dr. K.P. Aboobacker

Books for reff;

1-Technical, Business, Legal and Journal Arabic-

Dr.TP Mohammed Abdul Rasheed/Alhudha bookstall-Calicut

2- The Commercial Arabic

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Prof:VP Abdul Hameed/Alhuda Book Stall Calicut

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SYLLABUS FOR

BA ISLAMIC FINANCE WITH

COMPUTER APPLICATION


BA ISLAMIC FINANCE WITH COMPUTER APPLICATION

SCHEME AND SYLLABUS

Objectives:

Main objective of the programme is to introduce the emerging area of Islamic Finance.

To produce skillful hands to meet the requirements of the new generation banks, insurance companies and security markets.

Understand the fundamental concepts of Islamic economics.

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Know the importance of the development of an interest-free economy to promote socio-economic justice in society.

Describe the underlying principles of Islamic commercial contracts.

Know their applications as investment modes (Musharakah, Mudarabah).

Know their applications as financing modes (Ijarah, Murabaha, Salam, Istisna'a) and as assessor modes (Wakalah, Kafalah, Hawalah, Jua'lah, Tawarruq and others).

Explain the key operations of Islamic banks and the scope for co-operation between conventional and Islamic financial institutions.

Examine the Islamic financial markets, scope and instruments including the operations of venture capital, investment funds, units trusts and sukuk in accordance with Islamic principles.

Discuss the governance and transparency issues in Islamic financial institutions.

Understand the role of supervision and regulation with particular emphasis on the role of the Religious Supervisory Board, Shari'ah compliant audit, accounting and taxation issues.

Describe the procedures to convert interest-based banking institutions to interest-free Islamic banking and the practical steps required for establishing an Islamic bank.

Explain Takaful and its rationale as an alternative to conventional insurance and describe basic elements and operating models for undertaking takaful business and Re-takaful (Reinsurance).

BA in Islamic Finance With Computer Application

Scheme

Programme at : Undergraduate Level

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Duration of the Course : 3 years

System to be followed : Semester System

No. of Semesters : Six Semesters

Mode of Evaluation : Continuous Evaluation(Assignments, Seminars, Projects, Internal Examinations & End Semester Examinations.

System of Evaluation : Grading System

Medium of Instruction : English

Details of Common, Core and Complementary courses in each semester:

SemesterNo. of Papers

Common Core Complementary Total

I 2 2 1 5

II 2 2 1 5

III 2 2 1 5

IV 2 2 1 5

V - 6 - 6

VI - 6 - 6

Total 8 20 4 32

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