Course Details Language of Instruction English Level of Course Unit Bachelor's Degree Department / Program BA Program in Management Type of Program Formal Education Type of Course Unit Elective Course Delivery Method Face To Face Objectives of the Course Course Description: In the last decade, hot topics in Finance have been reshaping and redesigning the boundaries of modern Finance. Therefore, any critical decisions for investment or financing activities require an elaborate understanding of this new transformational and innovative change in the financial services industry. Traditional schools in Finance argue that boundaries of the economic environment only react based on resource and allocation issues. On the contrary, new schools in Finance blend investment strategies with new theories and practices through a risk management perspective to behavioral Finance. The challenging issues in a digital business ecosystem are targeting modern finance theories today with new theories and practices. Additionally, the level of digitalization in the financial services industry brings some opportunities and threats which have not been experienced yet. For instance, the decentralized financial structure within a blockchain ecosystem seems to be reshaping the fundamental understanding of the basic resource allocation problem. Billions of dollars are today transferrable from wallet to wallet in the blockchain using several technologies and methods such as SegWit (Segregated Witness). Notwithstanding this, the highest level of confidence and intimacy at the lowest cost are the main advantages of using crypto assets for many actors in the financial system. Transactions are made within minutes without any participatory or regulatory intermediaries. Apart from the advantages of using blockchain technologies in modern Finance, there are many hot topics including digital transformation, crypto asset management, crowd sales of the token with ICOs, cybersecurity, value creation, sharing economies, black factories, industry 4.0, mining, carbon finance, and AI. In this course, it is aimed to develop a comprehensive understanding of current issues in Finance from a holistic perspective. It is also aimed to transfer elaborate skills and talents to our participants from the theory and practices of traditional and modern Finance in this challenging and transforming financial environment. Course Content Topic Institutional Approach to Corporate Finance in a Challenging Business Ecosystem: A seminary session Economic Approach to Financial Institutions and Capital Markets within a Holistic perspective A Strategic Approach to Finance: Financial Decision Making and Business Strategy Valuation and Investment: Theory and Practice Blending Financing Strategies with Strategic Toolkits in Project and Portfolio Management: Theory and Practice Digital Business Strategies in the Financial Services Industry Blockchain Economics and Crypto-Markets Digital Banking and Financial Market Innovation Mid-Term Exam Overview of Islamic Law (Shariah) and Financial transactions in Islam Underlying financial contracts in the operations of Islamic financial institutions Products and Services of Islamic banks Takaful (Islamic Insurance) and Islamic capital market Student Presentations Final Course Methods and Techniques Assessment and Grading Scale Participation (incl. Case Studies) 15 % Midterm Exam 25 % Final Exam 60 % The assessment will be based on participation, paper analysis, literature review, midterm and final examination. Participation: It is highly recommended to read the relevant chapters and papers carefully before the class, because they will be the basis of class discussion. Poor preparation will negatively influence your participation grade. You may also contribute by asking questions, politely disagreeing with comments, or following up on another person’s comments with further insights or evidence. Participation includes case study preparation and discussion during the class. Literature Review It is expected to prepare a literature review in any hot topics related to financial services industry in the new era of digitalization covered during the semester. Review should include at least 30 academic papers and books. Academic papers must be mainly up to date publications. The text should be written in APA style. The due date and time for review will be specified. Late assignments will not be accepted. Selected papers will be published in the International Journal of Business Ecosystem and Strategy and Bussecon Review of Finance and Banking Studies. Articles Special Issues in Finance are best understood through practice and articles published in top-tier scholarly Business/Finance/Banking journals. Students are expected to select an article ( or their reviews), to analyse them in depth and to present it in front of the class. Everyone is recommended to participate effectively in each class to comment, question, and analyse. How much you learn from these articles depends on your preparation and active participation. They might be individual or group work. Power point presentations may be essential for main assignee. Articles published in top-tier scholarly business/management journals including Journal of Management, Academy of Management Journal, Journal of Finance, Journal of Finance & Banking, Journal of Financial Economics, Review of Financial Studies, Journal of Monetary Eonomics, Journal of Financial and Quantitative Economics and MIS Quarterly among others. Also current issues of practitioner-oriented journals including Bloomberg Businessweek, Financial Times, Fortune, The Economist, Harvard Business Review, Business Strategy Review and those of local business magazines Capital and Infomag, as well as the business sections of daily local newspapers. Prerequisites and co-requisities None Course Coordinator Asist Prof.Dr. Omar Kachkar Name of Lecturers Asist Prof.Dr. Dr. Omar kachkar Assistants None Work Placement(s) No Recommended or Required Reading Resources 4. Shariah Governance Framework 2010, Bank Negara Malaysia (BNM) (the Central Bank) https://www.bnm.gov.my/guidelines/05_shariah/02_Shariah_Governance_Framework_20101026.pdf 3. Understanding Islamic Finance by Muhammad Ayub http://www.acarindex.com/dosyalar/kitap/acarindex-1424384539.pdf 3. Handbook of Islamic Banking Edited by M. Kabir Hassan, Mervyn K. Lewis https://www.kantakji.com/media/2266/c1005.pdf 4. Global Report on Islamic Finance 2016 –World Bank Group & the Islamic Research and Training Institute (IRTI), the Islamic Development Bank Group. http://www.irti.org/English/News/Documents/438.pdf 5. Islamic Financial Services Industry Stability Report by The Islamic Financial Services Board (IFSB) http://www.ifsb.org 2017 6. AAOIFI Shariah Standards by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) 1. Islamic Economics: Principles & Analysis ISRA Publication (a hard copy is available in IHU library) 2.An introduction to Islamic Finance by Mufti Muhammad Taqi Usmani https://attahawi.files.wordpress.com/2010/01/an-introduction-to-islamic-finance.pdf http://www.assaif.org/ita/content/download/31770/162486/file/Mr+Khairul+Nizam+%28AAOIFI+-+Governance+and+Auditing+Standards%29.pdf 5. Islamic Financial Services Act 2013 by BNM, Malaysia http://www.bnm.gov.my/index.php?ch=en_legislation&pg=en_legislation_act&ac=222&full=1&lang=en 9. Shariah Standards of Bank Negara Malaysia http://www.bnm.gov.my/index.php?ch=en_policy&lang=en 10. Guiding Principles on Shari`ah Governance Systems for Institutions Offering Islamic Financial Services by (IFSB) https://ifsb.org/standard/IFSB-10%20Shariah%20Governance.pdf 3. Useful Websites: • www.aaoifi.com • www.ifsb.org • www.isdb.org • www.bnm.gov.my • https://ifikr.isra.my/ • http://www.irti.org/English/Pages/Publications.aspx 2. Islamic Financial System: Principles & Operations. ISRA Publication (a hard copy is available in IHU library) 1. Bodie, Z. Kane, A. and Marcus, A. ( 2014). Investment. McGraw Hill. 2. Gitman, L.J. and Zutter, C.J. ( 2015). Principles of Managerial Finance. 14th Ed. Pearson. 3. Hacioglu, U. (2020). Blockchain Economies and Financial Market Innovation, Springer. Switzerland. 4. Hacioglu, U. (2020). Digital Business Strategies in Blockchain Ecosystem. Springer. Switzerland. 5. Hacioglu, U. (2020). Strategic Fit and Design in Business Ecosystem. 6. Hacioglu, U. and Dincer, H. (2017). Global Financial Crisis and Its Ramifications on Capital Markets, Springer. Switzerland. 7. Hacioglu, U. and Dincer, H. (2017). Risk Management, Strategic Thinking and Leadership in the Financial Services Industry. 14 1 2 Course Category Mathematics and Basic Sciences %5 Social Sciences %60 Education %5 Science %5 Field %35

 





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