1. NAME OF COURSE  / MODULE INVESTMENT
2. COURSE CODE MFB4013
3. NAME(S) OF ACADEMIC STAFF  
4. RATIONALE FOR THE INCLUSION OF THE COURSE/MODULE IN THE PROGRAMME This course is designed for students to equip them with knowledge of investment skills specifically dealing with financial services.
5. SEMESTER & YEAR OFFERED Semester 6 / Year 3
6. TOTAL STUDENT LEARNING TIME (SLT) Face to face:

L T P O
28 26 5

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

Total Guided and Independent Learning:

119
7. CREDIT VALUE 119/40= 2.975 (credit); 2+2
8. PREREQUISITE (IF ANY) NIL
9. OBJECTIVES 1.     To familiarize students with the elements of investment in their daily life

2.     To highlight students on the investment instruments that available in our securities market

3.     To equip students with ample knowledge with concept of risk and return in investment

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

1.     Describe the concept of investment and fully aware on the investment instruments offered in the market (LO1: C1),  (LO7- LL2: P1 )

2.     Evaluate and be able to recommend appropriate investment vehicles such as shares, unit trusts and bonds (sukuk) (LO3, CTPS3,C6)

3.     Explain the Syariah perspective relating to investment issues in Malaysia (LO3, CTPS3,C2)

11. TRANSFERABLE SKILLS Student should be able to develop a good understanding of Investment through a process of lectures, tutorial, industrial visit and group assignment.
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
  • Summative
13. SYNOPSIS The focus of this course is on the examination and valuation of the major investment vehicles. Portfolio allocation strategies such as MPT will be introduced to the students. In order to do that, students will be taught on the concept of risk and return and how they affect portfolio diversification. In addition, students will be introduced with the concept of technical analysis in order to do portfolio valuation. In depth discussion on investment vehicles such as stocks, bonds and unit trusts will be provided as well as the technical skill on how to value them.  To value a portfolio, students also need to have some knowledge on Capital Asset Pricing Model (CAPM) Issues regarding investment in an environment that is Syariah-compliant is also to be dealt with in this course. Finally, the concept of futures and options that serve as risk management tools in portfolio allocation will be introduced.
14. MODE OF DELIVERY Lectures and tutorial (SCL)
15. ASSESSMENT METHODS AND TYPES
Component %
Continuous Assessment 50
Final examination 50
Total 100
16. CONTENT OUTLINE OF THE COURSE/MODULE AND SLT PER TOPIC
Topics FACE TO FACE SELF-STUDY TOTAL SLT
Lecture Tutorial Exam Practical/SCL Assignment Library search Self-study
Introduction to Investment 2 2 2 6
Basic concepts of Islamic Investment 2 2 3 7
Malaysian Securities Market 2 2 3 7
Risk & Return, Portfolio Diversification, Capital Asset Pricing Model (CAPM) 4 4 5 13
Share Valuation 6 4 7 17
Investment in Sukuk and other Fixed Income Securities 4 4 5 13
Unit Trust 2 2 3 7
Portfolio Management and Monitoring 2 2 3 7
Real Estate and Other Tangible Investment 4 4 5 13
Continuous test/quiz 2 6 8 16
Final 3 10 13
Total 28 26 5   6   54 119
17. REFERENCES Main Reference:

1.   Scott B. Smart, Lawrence J. Gitman, and Michael D. Joehnk, 2014, Fundamentals of Investing, 12th Edition, Pearson.

Other References:

1.     Azian Madun and Mohd Nizal Haniff, 2013, Investment Management, Oxford Fajar Sdn Bhd.

2.   Zvi Bodie, Alex Kane and Alan J. Marcus, 2013, Essentials of Investments, 9th Edition, McGraw-Hill.

3.   Zvi Bodie, Alex Kane, Alan J. Marcus and Ravi Jain, 2014, Investments, 9th Edition, McGraw-Hill.

4.   Geoffrey A. Hirt and Stanley B. Block, 2012, Fundamentals of Investment Management, 10th Edition, McGraw-Hill.

 

Mapping of the course/module to the Programme Learning Outcomes

TOPIC Contact hours(week) Lesson Learning Outcome(Students are able to…) CLO KI Teaching & Learning Activities Assessment Tasks
Topic 1: Introduction to Investment

 

1 1.   Outline the introduction of investment and steps investing LO1

LO2

CT2

TS1

o Lecture

o Tutorial

o Discussions on relevant issues during tutorial

·  Feedback on library search
Topic 2: Basic concepts of Islamic Investment

 

1 1.  Examine basic concepts of Islamic investment LO1

LO2

CT2

TS1

o Lecture

o Tutorial

o Discussions on relevant issues during tutorial

·  Feedback on library search
Topic 3: Malaysian Securities Market

 

 

1

1.   Categories and define securities market in Malaysia

2.   Discuss the Shariah screening process in Malaysia

LO7 LL1 o Lecture

o Tutorial activity – exercises

·  Feedback on tutorial activity
Topic 4: Risk & Return,Portfolio Diversification, Capital Asset Pricing Model (CAPM)

 

2 1.   Discuss the risk & return concepts

2.   Examine the relationship of CAPM and Markowitz theory of asset returns

 

LO3 o Lecture

o Tutorial activity – exercises

·  Quiz 1: (Topic 1-4):  Week 5

·  Feedback on tutorial activity

Topic 5: Share Valuation

 

3 1.   Compare and contrast fundamental and technical analyses .

2.   Discuss methods of valuing shares.

LO3

LO4

o Lecture

o Tutorial activity – exercises

 

·  Test 1: (Topic 1-5):  Week 9

·  Feedback on tutorial activity

Topic 6: Investment in Sukuk and other Fixed Income Securities

 

2 1.   Illustrate the sukuk structure.

2.   Recognise the sukuk valuation

3.   Outline a strategy for sukuk investment.

LO3 o Lecture

o Article searching via internet / library

·  Feedback on tutorial activity
Topic 7: Unit Trust

 

1 1.   Discuss the key elements in Unit Trust.

2.   Highlight the valuation of Unit Trust

LO3 o Group active reading ·  Quiz 2: (Topic 6-7):  Week 12

·   Feedback on article searching

Topic 8: Portfolio Management and Monitoring

 

1 1.   Discuss the objective of portfolio management

2.   Understand the Sharpe, Treynor, and Jensen measure

LO3 o Lecture

o Article searching via internet / library

·  Group active reading

·  Feedback on article searching

Topic 9: Real Estate and Other Tangible Assets

 

2 1.   Discuss strategies in tangible assets investment.

2.   Understand the advantages and disadvantages of investment in tangible assets

LO3 o Group active reading ·  Group active reading

·  Test 2: (Topic 6-9):  Week 15