Weekly Work Plan

Subject: Islamic Financial System

Book: An Introduction to Islamic Finance By: Justice Mufti Muhammad Taqi Usmani
Class: BBA (7th) Semester
Section: (Finance)
Prepared By: Muhammad Rizwan Kamran (Assistant Professor)
Lyallpur Business School
GC University, Faisalabad.
E.Mail: rizwankamran@hotmail.com

No of weeks Chapter Topics

Week- 1 Some Preliminary Points  Concept of Islamic Finance
 Belief in Divine Guidance
 The basic difference between
Capitalist and Islamic Economy
Week- 2 Some Preliminary Points &  Asset-backed Financing
Musharakah  Capital & Entrepreneur, Present
practice of Islamic Banks.
 The concept of Musharakah
Week – 3 Musharakah  The basic Rule of Musharakah
 The nature of the Capital

Week – 4 Mudarabah  The concept of Mudarabah,

Week – 5 Musharakah & Mudarabah
as Modes of Financing
Week – 6 Musharakah & Mudarabah
as Modes of Financing
Business of the Mudarabah.
 Termination of Mudarabah ,
combination of Mudarabah and
Musharakah
 Introduction, Project Financing.
 Securitization of Musharakah.
 Financing of the single transaction,
financing of the working capital.
 Sharing in the Gross Profit only
 Running Musharakah Account on
the Basis of Daily Product.

Week -7 Musharakah & Mudarabah  Some objection on Musharakah

as Modes of Financing & Financing.
Diminishing Musharakah  Diminishing Musharakah
Week – 8 Diminishing Musharakah  Diminishing Musharakah for
carrying business and services.
 Diminishing Musharakah in trade.
Week – 9 Murabahah  Introduction, Some basic rule of
sale.
  Features of Murabahah Financing.
Week – 10 Ijarah  Introduction of Ijarah, basic rule s
of leasing.
 Lease as a mode of financing
Week - 11 Ijarah  Termination of lease.
 Securitization of Ijarah.
Week – 12 Islamic Investment Funds  Introduction, Equity Fund.
 Condition for investment in Share.
 Ijarah Fund, Commodity Fund.
Murabahah Fund, Mixed Fund.
Week – 13 Limited Liability  Introduction.
 Some form of liability.

Week – 14 The Performance of the  Introduction

Islamic Banks.  The performance of Islamic banks
A realistic evaluation.
Week – 15  Presentation
Week – 16  Presentation