1. NAME OF COURSE  / MODULE ISLAMIC CORPORATE FINANCE
2. COURSE CODE MFA3043
3. NAME(S) OF ACADEMIC STAFF NORASIKIN HJ SALIKIN
4. RATIONALE FOR THE INCLUSION OF THE COURSE/MODULE IN THE PROGRAMME This is an extension course of “Principles of Financial Management (MFA 2013)”.  The course is exposing students with principles and techniques in making effective and efficient financial decisions.
5. SEMESTER & YEAR OFFERED Semester 5/ Year 3
6. TOTAL STUDENT LEARNING TIME (SLT) Face to face:

L T P O
28 23 8

L=lecture ; T=Tutorial; P=Practical; O=Others (Exam)

Total Guided and Independent Learning:

120
7. CREDIT VALUE 121/40= 3.025 (3 credit); 2+2
8. PREREQUISITE (IF ANY) MFA 2013 Principles of Financial Management
9. OBJECTIVES 1.     To familiarize students with the basic tools for making financial decisions.

2.     To highlight students on how a firm should raise the funds it needs to undertake its investments

3.     To equip students with ample knowledge on how a firm should choose its capital structure.

10. LEARNING OUTCOMES At the end of the course, learners will be able to:

1.     explain the basic tools for making financial decisions. (LO1, C2)

2.     illustrate how a firm should raise the funds it needs to undertake its investments (LO3, CTPS3, C2)

3.     construct optimum capital structure. (LO3, CTPS3, C3)

11. TRANSFERABLE SKILLS Student should be able to make optimum financial decision through a process of lectures, tutorial and group discussion.
12. TEACHING-LEARNING AND ASSESSMENT STRATEGY Teaching-learning strategy:

  • The course will be taught through a combination of formal lectures, exercise, group work, using authentic materials, informal activities and various textbooks. Collaborative teamwork will be fosters throughout the course. The use of examination and internal reporting assessment will assess the student’s ability to apply theoretical concept in context.

Assessment strategy:

  • Formative
  • Sumative
13. SYNOPSIS The course is exposing students with principles and techniques in making effective and efficient financial decisions.  Some of the aspects covered in the course are working capital management, capital budgeting analysis, short and long term financing, dividend policy, merger and acquisition as well as risk management.  The delivery is through lectures, tutorials and discussions.
14. MODE OF DELIVERY Lectures and tutorial (SCL)
15. ASSESSMENT METHODS AND TYPES
Component %
Continous Assessment 50%
Final examination 50%
Total 100%
16. CONTENT OUTLINE OF THE COURSE/MODULE AND SLT PER TOPIC
TOPIC lecture tutorial Test/Quiz/Exam Assignment Assessment(Library Seacrh) Self-study Total
Introduction to Corporate Finance 1 1 1 3
Capital Investment Decision 3 2 4 9
Risk and Return 4 3 6 13
Capital Asset Pricing Model (CAPM) 2 2 3 7
Financial Leverage 2 2 3 7
Capital Structure 4 3 6 13
Dividend and Dividend Policy 2 2 3 7
Merger & Acquisition 4 3 6 13
Assets Acquisition Financing 2 2 3 7
Risk Management 2 2 3 7
Working Capital Management 2 1 3 6
Continous Test/Quiz/Assessment 5 10 15
FINAL 3 9 12
TOTAL 28 23 8 0 0 60 119
17 REFERENCES Main reference:

1.     Berk, J., DeMarzo, P., and Harford, J. 2009, Fundamentals of Corporate Finance, Pearson, Boston.

Additional references:

1.     International Shari’ah Research Academy for Islamic Finance. 2011, Islamic Financial System, Principles & Operations, Pearson, Kuala Lumpur

2.     Ross, S. A., Westerfield, R. W., Jordan, B. D. 2008, Corporate Finance Fundamentals 8th Edition, McGraw Hill, New York.

3.     Brealy, A. R. & Mayers, C. S. 2006. Principles of Corporate Finance. 8th Edition. McGraw-Hill, New York.

4.     Petty. J. W., Keown, A. J.,Scott, D. F, and Martin, J. D. 2005. Basic Financial Management. Prentice Hall International. 10th Edition.

5.     Brigham, E. F. & Houston, J.F. 2007. Essentials of Financial Management. Thompson. Singapore.