| Topic | Content |
|
1 |
Introduction to Financial Mathematics
– Understanding the Importance of Mathematics in Finance and Economics – The Role of Mathematics in Finance |
|
2 |
Basic Mathematical Operations
– Explaining the Exponent: Positive, Negative and Fractional – Computation Rules of Exponent – Application of Exponent |
|
3 |
The Theory of Interest (Simple Interest)
– Understand the Concept of Interest Rate – Explain the Fundamentals of Interest Rate, and Its Role in Finance – Derive and Compute the Simple Interest – Islam and Simple Interest |
|
4 |
The Compound Interest
– Derive and Compute the Compound Interest – Comparison Between Simple and Compound Interest Rate |
|
5 |
The Time Value of Money – Part 1
– Explaining the Time Value of Money – Understand the Concept of Present Value – Computation of the Present value for Single Amounts |
|
6 |
The Time Value of Money – Part 2
– Understand the Concept of Futurevalue of Money – Computation of the Future Value of Single Amounts – The Relationship between the Present Value and Future Value – Islam and Time Value of Money |
|
7 |
Basic Probability Theory Concepts
– Understanding the Basic Concepts of Probability and Statistics as the Mean, Variance, and Standard Deviation as well as their Meaning in Finance – Basic Rules of Probability |
|
8 |
Risk and Return
– Understand Risk and Return in Finance – Computation of Risk and Return |
