EMIEF630 Risk Management

Course Description:

This course is intended to introduce students to Islamic risk management in the corporate world. The course would show the difference between Islamic thinking in the field of finance by shifting attunes toward risk/reward relation by enhancing the students’ awareness on general case studies and relate it to contemporary applications. This course is advanced risk management course and will discuss applied finance by studying practice.

Course Code: EMIEF630

Credit hours: 3

Pre-Requisites: None

Learning Objectives:

The objectives of the course are to develop an understanding of:

  • The meaning of risk management.
  • The difference of  Islamic risk management relative to conventional practice.
  • development by practitioners to apply the Islamic approach to risk management.
  • Challenges which faces Islamic corporate structure.

Course Outlines:

The outline of the course will build an understanding to Islamic understanding of risk/reward corporate strategy.

  • Definition of risk in the market place
  • Form an understanding to the meaning and the the different types of risk
  • The Challenges of globalization

Main Textbook

Risk Management for Islamic Banks: by Imam Wahyudi, Fenny Rosmanita.

Miscellaneous online papers and others

Grading and Evaluation:

  • Minimum passing grade 70%
  • Participation: 15% (10 assignments, 1.5% each)
  • Mid-Term exam: 20%
  • Research paper: 20%
  • Final exam: 20%
  • Oral Exam 25%

Guidelines for Research Paper:

As part of the course, you are required to submit a research paper. Students should write a research paper on one of the following topics:

At least ten (10) double-spaced pages (not including the introduction and conclusion).

1 inch margins.

12 pt size (Times New Roman).

Follow the standard research paper structure with a Table of Contents, Abstract or Executive Summary, Introduction, Main Body, Conclusion, List of Reference.

The Main Body should be organized into logical chapters and paragraphs.

When quoting Hadith, a notation indicating its authenticity must be clearly.

Please Watch:

How To Write A Research Paper

Communication Etiquette:

  • Post all your questions related to the course to the (Online Test) forum.
  • If sending emails directly to the lecturer, please include appropriate label in the subject line (Action Required/Info/Admin) and allow up to 3 working days for reply.
  • Limit telephone communication with the Lecturer to within specified office hours only.
  • When leaving a voicemail, please clearly state your name, course code, and contact number.

To attend live – online lectures (on their scheduled time):

Virtual Class Room

Access the course on-line by logging into Online School, accessible from

Al-Huda Online School

You will need a user name and password to:

  • View the recorded lectures if you missed the live online ones.
  • Interact with your teacher and classmates.
  • Upload and submit your assignments, research papers, and exams.
  • View your grades.
  • All attempt must be made to submit assignments by the agreed due dates. Late submissions will be penalized.
  • Weekly materials and graded assignments will be posted onto the site by Friday – in sha Allah.
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