This course concentrates on financial theories and practices of the conventional and Islamic financial markets, instruments and institutions. Students will be guided to explore the main concepts underpinning both types of financial system. The course also addresses the evolution of conventional and Islamic financial institutions and markets both locally and globally as well as their prospects. Topics cover an overview of financial institutions and financial markets in Malaysia, money and the Islamic economic system, theory and structure of Islamic financial system, Islamic money markets, Islamic capital market, Sukuk market, Shariah issues relating to Islamic financial instruments, and regulatory framework in selected jurisdictions.