Islamic Law and Commerce (LAWS6975)

UNIT OF STUDY

This unit is about the doctrine and application of Islamic law in contemporary commercial environments. It is divided into two parts. Part 1 introduces Islamic law and its sources, before moving to discuss Islamic contracts, remedies and dispute resolution. It concludes by providing a contemporary overview of legal systems and business environments across the Islamic world. Part II contextualises the discussion through a focus on Islamic banking and finance, with particular reference to Malaysia and South East Asia. Topics will include: Malaysia's dual banking system and regulation of Islamic banking; methods of Islamic home financing; corporate capital raising, Islamic capital markets, sukuks (asset-based bonds) and takaful (Islamic insurance). It will also examine the problems of secular courts enforcing Islamic contracts.

Our courses that offer this unit of study

Further unit of study information

Classes

Apr 10, 11 & 17, 18 (9-5)

Assessment

take-home exam (40%) and 5000wd essay (60%)

Faculty/department permission required?

No

Study this unit outside a degree

Non-award/non-degree study

If you wish to undertake one or more units of study (subjects) for your own interest but not towards a degree, you may enrol in single units as a non-award student.

Cross-institutional study

If you are from another Australian tertiary institution you may be permitted to underake cross-institutional study in one or more units of study at the University of Sydney.