シラバス参照
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シラバス参照
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| 科目一覧へ戻る | 2024/09/12 現在 |
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開講科目名 ／Course |
Islamic Capital Markets／Islamic Capital Markets | ||||||||||||
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時間割コード ／Course Code |
E2F22001_E1 | ||||||||||||
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開講所属 ／Course Offered by |
経済学研究科／Graduate School of Economics | ||||||||||||
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ターム・学期 ／Term・Semester |
2024年度／Academic Year 第3クォーター／3Q | ||||||||||||
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曜限 ／Day, Period |
火／Tue 3 | ||||||||||||
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開講区分 ／Semester offered |
後期／the latter term | ||||||||||||
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単位数 ／Credits |
2.0 | ||||||||||||
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学年 ／Year |
1,2 | ||||||||||||
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主担当教員 ／Main Instructor |
Nabil Maghrebi／Nabil Maghrebi | ||||||||||||
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科目区分 ／Course Group |
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授業形態 ／Lecture Form |
講義 | ||||||||||||
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教室 ／Classroom |
西２号館Ｅ１０４／E104 | ||||||||||||
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開講形態 ／Course Format |
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ディプロマポリシー情報 ／Diploma Policy |
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教員名 ／Instructor |
教員所属名 ／Affiliation |
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| Nabil Maghrebi／Nabil Maghrebi | 経済学部（教員） |
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授業の概要・ねらい ／Course Aims |
Islamic capital markets are playing an increasingly pivotal role in global finance. Reference to MSCI Japan Islamic Index, Dow-Jones Shariah Index, FTSE Global Equity Shariah Index is reflective of the increasing interest in investment portfolios in compliance with Islamic law. As noted by the S&P Global Ratings in its Islamic Finance Outlook 2021 that despite the challenging environment, there are also opportunities for more integrated and transformative growth. The growth potential is driven by the integration of financial technology (fintech) and the increased awareness about the importance of risk sharing and the social role played by Islamic finance. There is greater focus on the issuance of Sukuk, which require, unlike conventional bonds, the existence of underlying assets and on the adoption of Public-Private Partnerships. These capital raising instruments represent an important source of funding for large infrastructure projects in health, education, and transportation networks, as well as for micro enterprises green and ethical investment. The aim of this series of lectures is to explain the raison d’être of Islamic capital markets and introduce its salient features. This specialized knowledge is important for the development of reliable human resources to serve the long-term needs of Japanese financial markets and institutions. |
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到達目標 ／Course Objectives |
Students are expected to improve financial knowledge and critical skills needed for the development of knowledgeable human resources for the Japanese finance and banking industry, including: 1. the use of fundamental knowledge in Islamic capital markets to understand its contents and its relationship with conventional capital markets 2. the construction of critical perspectives about the properties of Islamic capital markets 3. the improvement of communication skills adapted to a multicultural work environment |
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成績評価の方法・基準 ／Grading Policies/Criteria |
Problem sets, reports, and participation: 50% Final examination: 50% |
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教科書 ／Textbook |
Course materials are not based on one textbook only and the reference books cited below are recommended for further reading. |
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参考書・参考文献 ／Reference Book |
Islamic Capital Markets: A Comparative Approach, Obiyathulla Ismath Bacha and Abbas Mirakhor, John Wiley & Sons, 2013 Intermediate Islamic Finance, Nabil Maghrebi, Zamir Iqbal, and Abbas Mirakhor, John Wiley & Sons, 2016 Islamic Capital Markets and Products: Managing Capital and Liquidity Requirements Under Basel III, Simon Archer, and Rifaat Ahmad AbdelKarim, John Wiley & Sons, 2017 Handbook of Analytical Studies in Islamic Finance and Economics, Nabil ElMaghrebi, Tarik Akin, Zamir Iqbal, and Abbas Mirakhor (editors), De Gruyter Publishing House, 2020 |
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履修上の注意 ・メッセージ ／Notice for Students |
Please note that all lectures will be conducted in English. |
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履修する上で必要な事項 ／Prerequisite |
In order to better understand the essential features of Islamic capital markets, it is preferable to take the series of lectures in association with lectures on Finance Theory, as well as Islamic Finance and Banking, Islamic Law of Transactions, and Islamic Political Economy in particular. |
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履修を推奨する関連科目 ／Related Courses |
These lectures are important for students interested in the specialized programs on "Islamic Finance and Economics" and "Energy Analytics and Policies". |
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授業時間外学修についての指示 ／Instructions for studying outside class hours |
Students are required to review the contents of previous lectures, and solve some problem-sets, which serve to improve their level of knowledge and understanding. |
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その他連絡事項 ／Other messages |
Lectures will be held on the basis of in-person classes, and using Moodle and Teams depending on the number of students. |
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授業理解を深める方法 ／How to deepen your understanding of classes |
To increase knowledge and understanding, students are encouraged to develop the critical thinking abilities by raising questions and examine research issues on Islamic capital markets. |
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オフィスアワー ／Office Hours |
Monday 12:30-13:00 Faculty of Economics Maghrebi Research Office 425 |
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科目ナンバリング ／Course Numbering |
E07064J11109E515，E07064J11109I515，E07064J11109G515 |
| No. | 回（日時） ／Time (date and time) |
主題と位置付け ／Subjects and instructor's position |
学習方法と内容 ／Methods and contents |
備考（担当） ／Notes |
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| 1 | 1回目 | Overview of Islamic capital markets | Introduction to Islamic capital markets | |
| 2 | 2回目 | Critical Issues in Structured Finance (I) | Readings in related research and explanation of key concepts | |
| 3 | 3回目 | Critical Issues in Structured Finance (II) | Presentation and critical discussion | |
| 4 | 4回目 | Sukuk Markets (I) | Readings in related research and explanation of key concepts | |
| 5 | 5回目 | Sukuk Markets (II) | Presentation and critical discussion | |
| 6 | 6回目 | Risk Diversification in Islamic Capital Markets | Readings in related research and explanation of key concepts | |
| 7 | 7回目 | Risk Hedging and Derivatives Markets (I) | Readings in related research and explanation of key concepts | |
| 8 | 8回目 | Risk Hedging and Derivatives Markets (II) | Presentation and critical discussion | |
| 9 | 9回目 | Regulatory Issues in Islamic Capital Markets (I) | Readings in related research and explanation of key concepts | |
| 10 | 10回目 | Regulatory Issues in Islamic Capital Markets (II) | Presentation and critical discussion | |
| 11 | 11回目 | Empirical Issues in Islamic Capital Markets (I) | Empirical data and model analysis | |
| 12 | 12回目 | Empirical Issues in Islamic Capital Markets (II) | Review of empirical results | |
| 13 | 13回目 | Empirical Issues in Islamic Capital Markets (III) | Presentation and critical discussion | |
| 14 | 14回目 | Review of Issues in Islamic Capital Markets (I) | Review of main issues and critical discussion | |
| 15 | 15回目 | Review of Issues in Islamic Capital Markets (II) | Review of main issues and critical discussion |