U.O.No. 9789/2016/Admn Dated, Calicut University.P.O, 12.08.2016 File Ref.No.10106/GA - IV - B1/2014/CU UNIVERSITY OF CALICUT Abstract B.A Programme in Islamic Finance with Computer Application under Choice Based Credit Semester System - CCSS - implemented with effect from 2013 admission onwards - after rectification and modification of the syllabus in the credit, course codes and name of the course- approved - revised orders issued. G & A - IV - B Read:-1.U.O.No. 3956/2013/CU Dated 12.09.2013. 2.U.O.No. 10925/2015/Admn Dated,19.10.2015 3.The mismatches and ambiguities reported in File 43194/EA XII/PB in publishing the results and issuance of Consolidated Grade Card of B.A.Islamic Finance with Computer Application (CCSS 2013 Admission). 4.Orders of the Vice Chancellor in the file. 5.Resolution of the Steering Committee of UG held on 08-08-2016. 6. Minutes of the Board of Studies in Islamic Finance held on 11-08-2016. 7. Orders of the Vice Chancellor in the file of even No. Dated 12-08-2016. ORDER Vide reference read as first above, the syllabus of B.A.Islamic Finance with Computer Application was implemented under Choice Based Semester System (CCSS) with effect from 2013 admission onwards. Vide reference read as second above, revised orders were issued implementing the B.A.Islamic Finance with Computer Application after re designating the course codes and titles with effect from 2013 admissions. Vide reference read third above, Pareeksha Bhavan has pointed out some mismatches and ambiguities in the syllabus of B.A.Islamic Finance with Computer Application (CCSS) of 2013 Admission especially in the credit, course codes and name of the course. Vide reference read fourth above the Hon'ble Vice Chancellor has ordered to convene an urgent meeting of the Steering Committee of UG on 8.8.2016 to solve the issues related to the syllabus. Vide reference read fifth above,the Steering Committee of UG at its meeting held on 08-08-2016 has resolved to entrust the Board of Studies in Islamic Finance for rectification and modification of the syllabus. V ide reference read sixth above ,the Board of Studies in Islamic Finance held on 11-08-2016 resolved as follows . 1.The Scheme and syllabus implemented with U.O.No.3956/2013/CU dated 12-09-2013 CCSS UG
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AbstractB.A Programme in Islamic Finance with Computer Application under Choice Based Credit SemesterSystem - CCSS - implemented with effect from 2013 admission onwards - after rectification andmodification of the syllabus in the credit, course codes and name of the course- approved - revisedorders issued.
G & A - IV - B
Read:-1.U.O.No. 3956/2013/CU Dated 12.09.2013.2.U.O.No. 10925/2015/Admn Dated,19.10.20153.The mismatches and ambiguities reported in File 43194/EA XII/PB in publishing theresults and issuance of Consolidated Grade Card of B.A.Islamic Finance withComputer Application (CCSS 2013 Admission).4.Orders of the Vice Chancellor in the file. 5.Resolution of the Steering Committee of UG held on 08-08-2016.6. Minutes of the Board of Studies in Islamic Finance held on 11-08-2016.7. Orders of the Vice Chancellor in the file of even No. Dated 12-08-2016.
ORDER
Vide reference read as first above, the syllabus of B.A.Islamic Finance with Computer Applicationwas implemented under Choice Based Semester System (CCSS) with effect from 2013 admissiononwards.
Vide reference read as second above, revised orders were issued implementing the B.A.IslamicFinance with Computer Application after re designating the course codes and titles with effect from2013 admissions.
Vide reference read third above, Pareeksha Bhavan has pointed out some mismatches andambiguities in the syllabus of B.A.Islamic Finance with Computer Application (CCSS) of 2013Admission especially in the credit, course codes and name of the course.
Vide reference read fourth above the Hon'ble Vice Chancellor has ordered to convene an urgentmeeting of the Steering Committee of UG on 8.8.2016 to solve the issues related to the syllabus.
Vide reference read fifth above,the Steering Committee of UG at its meeting held on 08-08-2016has resolved to entrust the Board of Studies in Islamic Finance for rectification and modification ofthe syllabus.
Vide reference read sixth above ,the Board of Studies in Islamic Finance held on 11-08-2016resolved as follows.
1.The Scheme and syllabus implemented with U.O.No.3956/2013/CU dated 12-09-2013 CCSS UG
Anuja Balakrishnan
Deputy Registrar
Forwarded / By Order
Section Officer
is modified with retrospective effect from 2013 admissions.
2.The Board of Studies resolved to approve the modified Scheme and Syllabus of B.A.IslamicFinance with Computer application for 2013 admissions. The Modified syllabus is appended.
3. The Syllabus implemented with U.O.10925/2015 admn dated 19-10-2015 (CCSS UG) with effectfrom 2013 admissions stands cancelled.
Vide reference seventh above, the Vice Chancellor, considering the exigency, exercising thepowers of the Academic Council,has approved the minutes of the Board of Studies in IslamicFinance held on 11-08-2016 and granted permission to implement the resolutions subject toratification of the Academic Council.
Sanction has therefore been accorded to implement the following resolutions of the Board ofStudies in Islamic Finance held on 11-08-2016.
1.The Scheme and syllabus implemented with U.O.No.3956/2013/CU dated 12-09-2013 CCSS UGis modified with retrospective effect from 2013 admissions.
2.The Board of Studies resolved to approve the modified Scheme and Syllabus of B.A.IslamicFinance with Computer Application for 2013 admissions. The Modified syllabus is appended.
3.The Syllabus implemented with U.O.10925/2015 admn dated 19-10-2015 (CCSS UG) with effectfrom 2013 admissions stands cancelled. Orders are issued accordingly.
ToThe Principals of all Colleges offering BA Islamic Finance with Computer Application.Controller of Examinations/ EX- IV/EG Section/DR & AR - BA Branch/SystemAdministrator with a request to upload the syllabus in the University Website/GA I FSection/Library/SF/DF/FC
APPROVED SYLLABUS
FOR
BA ISLAMIC FINANCE
WITH
COMPUTER APPLICATION
Prepared by
BOARD OF STUDIES FOR ISLAMIC STUDIES
(UG & PG)
UNIVERSITY OF CALICUT
BA ISLAMIC FINANCE WITH COMPUTER
APPLICATION
SCHEME AND SYLLABUS
Objectives:
Main objective of the programme is to introduce the emerging area of
Islamic Finance.
To produce skillful hands to meet the requirements of the new generation
banks, insurance companies and security markets.
Understand the fundamental concepts of Islamic economics.
Know the importance of the development of an interest-free economy to
promote socio-economic justice in society.
Describe the underlying principles of Islamic commercial contracts.
Know their applications as investment modes (Musharakah, Mudarabah).
Know their applications as financing modes (Ijarah, Murabaha, Salam,
Istisna'a) and as assessor modes (Wakalah, Kafalah, Hawalah, Jua'lah,
Tawarruq and others).
Explain the key operations of Islamic banks and the scope for co-operation
between conventional and Islamic financial institutions.
Examine the Islamic financial markets, scope and instruments including the
operations of venture capital, investment funds, units trusts and sukuk in
accordance with Islamic principles.
Discuss the governance and transparency issues in Islamic financial
institutions.
Understand the role of supervision and regulation with particular emphasis
on the role of the Religious Supervisory Board, Shari'ah compliant audit,
accounting and taxation issues.
Describe the procedures to convert interest-based banking institutions to
interest-free Islamic banking and the practical steps required for establishing
an Islamic bank.
Explain Takaful and its rationale as an alternative to conventional insurance
and describe basic elements and operating models for undertaking takaful
business and Re-takaful (Reinsurance).
BA in Islamic Finance With Computer Application
Scheme
Programme at : Undergraduate Level
Duration of the Course : 3 years
System to be followed : Semester System
No. of Semesters : Six Semesters
Mode of Evaluation : Continuous Evaluation
(Assignments, Seminars, Projects, Internal
Examinations & End Semester
Examinations.
System of Evaluation : Grading System
Medium of Instruction : English
Details of Common, Core and Complementary Papers in each semester:
Semester No. of Papers
Common Core Complementary Total
I 2 2 1 5
II 2 2 1 5
III 2 2 1 5
IV 2 2 1 5
V - 4 1- Open 5
VI - 4 1-Elective
1- Project 6
Total 8 16 4+3=7 31
BA ISLAMIC FINANCE
WITH COMPUTER APPLICATION
DETAILS OF PAPERWISE CREDITS AND HOURS
FIRST SEMESTER
Paper
Code
Paper Title No. of
Credits
Theory
(Hours)
Practical
(Hours)
Common Papers
A 01 Communication Skills In English 3 4 -
AR 1A
O7 ( 01) Communicative Skills In Arabic 4 4 -
Core Papers
IFC IB
01
Basics of business Management &
Business Ethics 4 6 -
IFC IB
02 General Economics 4 6 -
Complementary Paper
IFC IC
01 Computer Fundamentals 4 5 -
SECONDSEMESTER
Common Papers
A 03 Communicative English 4 4 -
AR 2A
08 ( 02) Functional Arabic
4 4 -
Core Papers
IFC 2B
03
Basics of Islamic Finance 4 6 -
IFC 2B
04
Basics of Financial & Corporate
Accounting 4 6 -
Complementary Paper
IFC 2C
02
Computer Application in Business 4 5 -
THIRD SEMESTER
Common Papers
A 05 Business Communication 4 4
AR 3A
09 (2)
Commercial Arabic - I 4 5
Core Papers
IFC 3B
05
Business Law & Islamic Commercial Law 4 6 -
IFC 3B
06
Indian Financial System 4 5 -
Complementary Paper
IFC 3C
03
Computerized Accounting with Tally 4 5 -
FOURTH SEMESTER
Common Papers
A 07 Advanced Communication Skills in
English 4 4 -
AR 4A
10 (2)
Commercial Arabic - II 4 5
Core Papers
IFC 4B
07
Business Mathematics& Statistics 4 6 -
IFC 4B
08
Cost & Management Accounting 4 5 -
Complementary Paper
IFC 4C
04
E-Commerce 3 5 -
The Complementary papers for BA Islamic Finance With Computer
Application are from following Disciplines
1-Computer application 2- commerce
FIFTH SEMESTER
Core Papers
IFC 5B
09 Islamic Insurance ‘Thakaful’ 4 5 -
IFC 5B
10 Islamic Financial Institutions 4 5 -
IFC 5B
11 Islamic Micro Finance 4 5 -
IFC 5B
12 Financial Management 4 5 -
Open course( TO CHOOSE 1 OUT OF
3,offered by other Programs)
4 3
PROJECT
WORK
Project Work: Designing an Islamic
Finance Product (To be continued in VI th Sem)
0 2
Open course
( TO CHOOSE 1 OUT OF 3,offered by other
Programs)
IFC5
DO1
Study on Fundamentals of Islamic
finance
IFC5
DO2 Islamic commercial law
IFC5
DO3 Islamic Insurance
SIXTH SEMESTER
Core Papers
IFC 6B
13 Risk Management In Islamic Finance 4 4 -
IFC 6 B
14 Operational Islamic Banking 4 4 -
IFC 6B
15 Corporate Governance in Islamic Finance 4 4 -
IFC 6B
16
Security Analysis & Portfolio
Management (Investment Management) 4 4
ELECTIVE PAPERS
( TO CHOOSE 1 OUT OF 3) 2 4
IFC 6 E
01
Arabic for Banking and Insurance
IFC 6 E
02 Marketing Of Islamic Banking Products -
IFC 6
E03
Islamic fund management and security
marketing
-
IFC 6B
17
Project Work: 4 5 -
Designing an Islamic Finance Product
Total 120 --- --
TITLE OF THE COURSE
CORE 01 -IFC 1B 01
BASICS OF BUSINESS MANAGEMENT & BUSINESS ETHICS SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 1
NO. OF CREDITS - 4
NO. OF CONTACT HOURS - (6hrs/wk)
Objectives:
actices for effective
management
COURSE OUTLINE
Module I 15 hours
Nature and scope of Management; evolution of management- Schools of management
thought;.W.Taylor and Henry Fayol; principles of management; management as a
science and an art; management process.
Module II 15 Hours
Functions of management- planning: types of plan; planning process; organizing: span
of control , line and staff functions ; centralization and decentralization; delegation;
staffing: manpower planning, recruitment, selection and placemen;; directing:
principles of direction; coordinating, and controlling.
Module III 30 Hours
Manager Vs leader; leadership and motivation; leadership styles; theories of
Motivation. MBO;Management of performance; Understanding and managing group
processes; characteristics of workgroup, work group behavior and productivity; team
creation and management.
Module 1V 15 Hours
Ethics, culture and values: Importance of culture in organisations; Indian ethos and
value systems; Model of management in the Indian socio political environment; Work
ethos; Indian heritage in production and consumption.
Module V 15 Hours
Business ethics: Relevance of values in Management; Holistic approach for managers in
decision-making; Ethical Management: Role of organisational culture in ethics; structure
of ethics management; Ethics Committee.
Reference Books:
1. Boatwright, John R: Ethics and the Conduct of Business, Pearson Education, New
Delhi.
2. Sathish Modh: Ethical Management: Macmillan.
3 Koontz, H and Wechrick, H: Management, McGraw Hill Inc, New York.
4 Drucker, Peter, F: Management: Tasks, Responsibilities and Practices, Allied
Publishers, New Delhi.
5. L.N Prasad : Principles of management.
6. R.S Davar ; Management Process
7. Rustum & Davan, Principles and practice of Management.
CORE 02 - IFC 1B 02
GENERAL ECONOMICS
SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 1
NO. OF CREDITS - 4
NO. OF CONTACT HOURS - (6 hrs/wk)
Objectives:
1. To enable the students to understand micro and macroeconomic concepts relevant for business decisions.
2. To help the students to understand the Application of economic principles in
Business management
COURSE OUTLINE Module I 10HOURS
Introduction to Micro Economic Theory, Micro Economics and its scope. Wants &
scarcity, Functions of Economic system, Circular flow of economic activity – price
determination and functions of prices-concept of margin, Economic models,
Methodology, Value judgment, Positive and normative analysis
Module II: 15HOURS
Macro Economic Concepts & Models, Micro Economics and Macro Economics - National
Income concepts Potential GNP,Actual GNP - GDP Gap – Green GNP,Macro - Economic
CORE 03 - IFC 2B 03 BASIC OF ISLAMIC FINANCE SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 2 NO. OF CREDITS - 4 NO. OF CONTACT HOURS - (6 hrs/week) Objective
To understand basic fundamentals of Islamic finance
For knowing the comparative review of conventional finance and Islamic finance
COURSE OUTLINE
Module – 1 (15 Hours)
Economic Doctrine of Islam - Introduction and Philosophy - Assumptions of
fundamental principles and their implication - Man and divine guidance: the role of
Quran and Sunnah - Islamic Social Order: Values and ethnics-The political context of
Islamic economics - Capitalism, Communism/Socialism and Islamic Economic Systems
Module – 2 (30 Hours)
Islamic Banking - Concept and Evolution of Conventional Banking - Evolution and
Development of Islamic Banking - Differences and Similarities between Islamic and
Conventional Banking - Primary Characteristics of Islamic Banks - Prohibition of Interest
- Low Consumer Lending - Profit and Loss Sharing - High Real Sector Investing - Dealing
in Halal - The value of money Islamically interpreted - Prohibition of speculation -
Sanctity of contracts - Sharia approved activities - Easy collateral - The Islamilisation of
commercial banking - Islamic banks in western world - Criticism of Islamic banking
Module – 3 (30 Hours)
Principles and Techniques of Islamic Finance - The concept of interest (Riba) -
Prohibition of Riba (in Islam and Christianity) - Real and notional interest - Fixed and
viable interest - Interest Vs. Profit - Interest as return - Riba al-Nasial and al-Fadi -
BUSINESS MATHEMATICS AND STATISTICS SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 4
NO. OF CREDITS - 4
NO. OF CONTACT HOURS - (6hrs/wk)
Objective:
1-The objective of this course is to familiarize students with the applications of 2-mathematics and statistical techniques in business decisions process.
COURSE OUTLINE PART – A: Business Mathematics
Module – 1 Matrices and Determinants - Definition of a matrix - Types of matrices –
Algebra of matrices - Calculation of values of determinants up to third order - Adjoint of
a matrix - Elementary row operations - Finding inverse of a matrix through adjoint and
elementary row operations - Applications of matrices for solution to simple business
and economic problems.
Module – 2 Calculus - Mathematical functions and their types – linear, quadratic,
polynomial, exponential and logarithmic - Concepts of limit, and continuity of a function
- Concept of differentiation - Rules of differentiation – simple standard forms
(involving one variable) - Applications of differentiation – elasticities of demand and
supply - Maxima and minima of functions (involving second or third order derivatives)
relating to cost and revenue - Integration and its applications to business and economic
situations.
Module -3- Basic Mathematics of Finance: Simple and compound interest - Rates of interest – nominal, effective and continuous – and their inter-relationships - Compounding and discounting of a sum using different types of rates.
PART – B : Business Statistics
Module – 4 -Introduction to statistics - Descriptive Statistics for univariate data - Preparation of frequency distributions including graphic presentations Measures of Central Tendency Arithmetic mean, Geometric mean and Harmonic mean :Properties and applications - Positional Averages : Mode and median and other partition values - quartiles, deciles, and percentiles (including graphic determination) - Measures of Variation: absolute and relative. Range, quartile deviation, mean deviation, standard deviation, and variance Module – 6 -Correlation and Regression Analysis Correlation : Meaning, Correlation using scatter diagram - Karl Pearson's co-efficient of correlation: calculation and properties. Regression Analysis : Linear regression defined - Regression equations and estimation.
Module – 7Index Numbers - Meaning and uses of index numbers. Construction of index numbers: fixed and chain base; univariate and composite. Aggregative and average of relatives – simple and weighted. Tests of adequacy of index numbers. Construction of consumer price indices.
Referances
1. E.T. Dowling, Mathematics for Economics, Schaum’s Outlines Series, McGraw Hill Publishing Co. 2. Mizrahi and Sullivan, Mathematics for Business and Social Sciences, John Wiley and Sons 3. V.K. Kapoor, Essentials of Mathematics for Business and Economics, Sultan Chand ------------------------------------------------------------------------------------------------------------------------------
CORE 08 - IFC 4B 08
COST AND MANAGEMENT ACCOUNTING SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 4
NO. OF CREDITS - 4
NO. OF CONTACT HOURS - (5 hrs/wk)
Objectives:
To familiarise students with the various concepts and element of cost.
To create cost consciousness among the students.
To enable the students to understand the concept and relevance of management
Accounting
To provide the students an understanding about the use of accounting and costing
data for planning, control and decision taking.
COURSE OUTLINE
Module I 10 Hours
Introduction :- Definition – Meaning and Scope – Objectives – Functions – Merits and
Demerits – Cost Accounting and Financial Accounting-Cost classification – Elements of
cost – cost unitscost centre – Types , Methods and Techniques of Costing – cost sheet
Module II 20 Hours
Materials :- Importance of Material cost control – Purchase procedure – store control –
types of store – stores records – perpetual inventory – ABC analysis – VED analysis – JIT
inventory – stock levels - EOQ issue of materials – FIFO, LIFO, simple and weighed
average methods. Labour :- Importance of Labour Cost Control – Time keeping and
Time Booking – Idle Time – Over Time – Computation of Labour Cost – renumeration
systems and incentive schemes Overheads :- Definition – Overhead allocation –
Apportionment - Re apportionment – Direct distribution – Step Ladder – Reciprocal
service methods – repeated distribution and simultaneous equation methods
Absorption of overheads – methods of absorption – Labour Hour Rate and Machine
Hour Rate
Module III 10Hours
Budgetary Control: Budget and Budgetary Control –Need and Importance – Types of
Budgets – Preparation of Financial Budget- Flexible Budget and Fixed Budget –ZBB –
Programme and Performance Budgets.
Module IV 05 Hours
Management Accounting –Nature and Scope – Difference between Cost Accounting,
Financial Accounting and Management accounting – Recent Trends in Management
Reporting.
Module V 20 Hours
Analysis and Interpretation of financial Statement: - Meaning- Types and Methods of
deposit schemes and its functioning – lending schemes – other supporting services
offered by commercial banks – profit making of commercial banking – interest rates for
deposit schemes and lending.
Module – 2 ( 20 hours) -Structure of an Islamic Bank - Structure of an Islamic Bank/Islamic
Banking Model - The Islamic Banking Markets: Funds Mobilization and utilization.
Financial Instruments being used to mobilize funds: Current Account - Saving Account -
Investment Account - Specific purpose investment account - General purpose
investment account
Module – (30 hours) -Financial instruments being used to utilize funds - Equity financing
- Project financing under the principle of Al-Mudaraba (Trustee Financing) -Project
Financing under the principle of al-Musharaka (Equity Joint Venture) - Al-QardAlhassan.
Debt Financing - Trading Financing - Commodity ventures as the basis of Murabaha -
Letter of credit under Al-Wakalah, Al-Mushariaka and Al-Mudarabaha.
Letter of Guaranntee - Financing working capital under Al-Murabaha - Rental (Venture
and Financing (Ijarah) - Equity Lease Purchase - Equity Hire Purchase - Partnership
Venture - Personal Finance - Trade Finance Deal - Company Business Financing -
Finishing work capital under the principle of Al-Murabaha - Mortgage Financing -
Procedure of Assessment of Profit/Loss Sharing.
Module – 4 (20 hours) -Balance Sheet and Income Statement Analysis of Islamic Banks
and Other Accounting Issues - Document and Documentation for Islamic Banks.
Challenges for Islamic Banks Conversion of conventional banking to Islamic Banking.
References Islamic Banking by Mervyn Lewis, Latifa M. Algaoud Islamic Banking: How to Manage Risk and Improve Profitability By Amr Mohamed El
Tiby Ahmed – WILEY Publishing.
Banking theory and practice – K C Shekhar
Banking theory: Law and Practice – Rajesh, McGraw Hill Publisher------------------------------
CORE15 - IFC 6B 15
CORPORATE GOVERNANCE IN ISLAMIC FINANCE
SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 6
NO. OF CREDITS - 4
NO. OF CONTACT HOURS - (4 hrs/wk)
Objective
To understand the importance of corporate governance in different kinds of
business organization.
To describe the ethical elements of Islamic Finance
COURSE OUTLINE Module – 1 (15 hours) -Corporate Governance– concepts – scope – the significances of constitutions for corporate entities - difference between governance and management – corporate governance in sole trading concern, partnership and companies.
Module – 2 (20 hours) -International Corporate Governance Guidelines [including SEC guidelines] and their applicability to Islamic Banks - Corporate Governance at IFIs - Corporate Governance In Islam - Corporate Governance processes and policies in Islamic Banks - Guiding principles for Corporate Governance at Islamic Banks.
Module – 3 (20 hours) -The Shariah Supervisory Board - Fit and proper requirements and the selection process - Internal Shariah Advisor/Officer - Roles and Responsibilities - Monitoring, reporting and Audit structures Assessment of effectiveness - Separation of parties (Shareholders Vs. Management)
Module – 4 (20 hours) -Conventional Banking Regulation and Supervision requirement [ BASEL, BOFIA,etc Principles and Guidelines] - Microfinance Legal Frameworks, Regulations and Policy - How the overall regulatory framework affects the integrations of microfinance institutions into the financial system - Banking regulation and supervisions in an Islamic framework - Information disclosure
The Role, Functions and Challenges Of Central Banks In Regulation And Supervision Of Islamic Banks.Comparative Study of Islamic Banking And Islamic Banking Regulations And Supervisions in U.K ,Malaysia - Shariah Advisory Board quality of Islamic Banking Supervision and Regulation.
Reference
Corporate Governance: Principles, Policies and PracticesBy Bob Tricker – Oxford Publications
An Islamic Perspective on GovernanceByZafarIqbal, ZafarIqbal, Mervyn L
CORE 16 - IFC 6B 16
SECURITY ANALYSIS AND PORTFOLIO MANAGEMENT
(Investment Management)
SEMESTER IN WHICH THE COURSE IS TO BE TAUGHT - 6
NO. OF CREDITS - 4
NO. OF CONTACT HOURS (4 hrs/wk)
Objectives:
To familiarize the students with the world of investments.
To provide a theoretical framework for the analysis and valuation of investments.
COURSE OUTLINE
Module I 18 Hours
The Investment Environment: The investment decision process - Types of Investments
Commodities, Real Estate and Financial Assets - security market indices Sources of
financial information - Concept of return and risk.
Module II 10 Hours
Fixed Income Securities: Bond features - types of bonds - estimating bond yields - types
of bond risks - default risk and credit rating –Bond valuation
Module III 20 Hours
Approaches to Security Analysis: Fundamental Analysis - Technical Analysis and Efficient