The graduates should possess a combination of broad-based knowledge and relevant skills to assist ethics or sustainability-oriented organizations and their stakeholders. The Program Objectives are to:

• Acquire relevant knowledge and skills and the necessary aptitude in Ethical Banking and Finance (EBF) to meet job specifications;
• Apply EBF principles in relevant areas to solve problems;
• Develop teamwork and interpersonal communication skills and be socially and ethically responsible;
• Inculcate desire for lifelong learning and career development.

18 months (Full-Time)
15 contact hours/week (900 Contact Hours)

36 months (Part-Time)
Combination of 6 and 9 contact hours/week (900 Contact Hours)

*Programme duration includes term-breaks and holidays

Course Name		Course Code	Classification	Credits
1	Fundamental of Economics	EC2311	Discipline	3
2	Fundamental of Banking	BK2312	Discipline	3
3	Fundamental of Ethics	LW2113	Compulsory	3
4	Fundamental of Accounting	AC2114	Compulsory	3
5	Introduction to Law	LW2215	Common Core	3
6	Micro Economics	EC2216	Common Core	3
7	Ethical Banking and Society	BK2217	Common Core	3
8	Ethics in Finance	LW2318	Discipline	3
Credit Total					24
9	Financial Accounting	AC2321	Discipline	3
10	Fundamentals of Contract Law	LW2322	Discipline	3
11	Macro Economics	EC2223	Common Core	3
12	Ethical Banking and Sustainability	BK2224	Common Core	3
Credit Total					12
13	Financial Management	FN2231	Common Core	3
14	Leadership and Organisational Behaviour	MG2132	Compulsory	3
15	Basic Fintech	TC2333	Discipline	3
16	Basic Entrepreneurship	MG2334	Discipline	3
17	Advanced Ethical Banking	BK2235	Common Core	3
18	Corporate Finance	FN2336	Discipline	3
19	Introduction to Capital Market	FN2237	Common Core	3
20	Applied Fintech	TC2338	Discipline	3
Credit Total					24
21	Basic Statistics	TC2241	Common Core	3
22	Entrepreneurship Ideation	MG2342	Discipline	3
23	Introduction to Strategic Management	MG2343	Discipline	3
24	Basic of Islamic Commercial Contracts	LW2344	Discipline	3
25	Advanced Fintech	TC2345	Discipline	3
26	Entrepreneurship Realisation	MG2346	Discipline	3
27	Ethical Wealth Management	FN2247	Common Core	3
28	Action-Based Learning	AL2000	Action-Based Learning	9
Credit Total					30
Graduation Credit Total						90

Face-to-Face

• AGE: at least 16 years old on course commencement
• ACADEMIC: Completed 10 years of formal education OR 2 GCE O Level PASS grade OR equivalent
• ENGLISH PROFICIENCY: Learners who are non-native English speakers AND who have not carried out their final two years of schooling in English must demonstrate an English proficiency equivalent to a PASS in English Language subject at Year 10/GCE O Level/GCSE or Level B2 in the Common European Framework of Reference (CEFR) for Languages or PTE Academic 51 or IELTS 5.5 (reading and writing must be at 5.5) or equivalent.
• MATURE CANDIDATES: minimum 30 years of age with 8 years of working experience will be considered on a case-by-case basis.

To obtain the Diploma in Ethical Banking & Finance, learners must pass (Grades A – C) all the modules.

DIPLOMA GRADUATING CREDITS: 90 CREDITS

COURSE COMPONENT		PERCENTAGE	CREDITS
Compulsory		10	9
Core	Common Core	33	30
	Discipline	47	42
	Action-Based Learning	10	9
Total		100	90

1. FUNDAMENTAL OF ECONOMICS

This course provides students with fundamentals of economics and contemporary economics issues. Students will be exposed to micro and macroeconomics concepts as well as society and environmental issues.

At the end of the course the students will be able to:

• Think systematically and explain the basic framework of Economics and answer problems that arise in the context of Ethics in the academic context and the world place;
• Articulate and defend, both orally and in writing, their own positions on the merits and flaws of some Economics theories and economics problem.

 

2. FUNDAMENTAL OF BANKING

This course provides a basic understanding of Banking concepts, Banking systems, Banking products and its functions in the modern financial industry.

At the end of the course the students will be able to:

• Understand all the important concepts in Banking.
• Explain the steps, Product, System and procedures of Banking and its relations in the financial industry.

3. FUNDAMENTAL OF ETHICS

This course is a general introduction to ethical theory and to thinking systematically about ethical problems. This course also provides the basic framework needed in studying ethics such as world view and philosophy. Students will also study various normative and religious theories regarding ethics and the relationship between ethics and the field of study studied in this diploma program.

At the end of the course the students will be able to:

• Think systematically and explain well the basic framework of ethics and could answer several Ethical problems that arise in the academic context and the work place.
• Articulate and defend, both orally and in writing, their own positions on the merits and flaws of different ethical theories and on selected contemporary ethical problems.
• Constructively and respectfully discuss ethical issues with their peers.

4. FUNDAMENTAL OF ACCOUNTING

This course contains lessons on the characteristics of accounting, who the users of accounting information are, the accounting profession, accounting equation, principles and assumptions, as well as financial reports, accounting activity cycles, accounting for a trading company, internal control, accounting for cash, receivables, inventories, fixed assets, current liabilities, and cash flow preparation.

At the end of the course the students will be able to:

• Explain the function and importance of accounting in making economic decisions comprehensively at the introductory level.
• Interpreting and analysing financial statements.
• Utilising data generated accounting.
• Develop a simple manual accounting system (with a conceptually understood system concept).
• Communicate in the business world with the language (concepts, procedures and techniques) of accounting.

5. INTRODUCTION TO LAW

This course introduces basic knowledge frameworks about law, so that it becomes a knowledge base that is useful for the application of knowledge in the field of work which will be closely related to the applicable positive law. In addition, knowledge of the law also makes students more sensitive to the problems that are happening and is more awake in accordance with applicable legal rules. This course also offers specific topics on Singapore’s Law system.

At the end of the course the students will be able to:

• Understand the theory related to Law.
• Analyse concepts, theories and space introductory scope of law.
• Evaluate some existing legal issues from an academic standpoint at sufficient level.
• Comply with applicable local laws primarily applicable in Singapore.

6. MICRO ECONOMICS

This course describes individual economic behaviour i.e. regarding consumer, producer and market behaviour. The discussion covers basic concepts of economic theory, basic concepts of supply and demand as well equilibrium price, consumer behaviour theory, production theory, cost theory, and the balance of the company in both perfect competition and the market imperfect competition.

At the end of the course the students will be able to:

• Identify individual economic behaviour.
• Analyse individual economic behaviour.
• Explain the occurrence process of the equilibrium price or market price.
• Analyse the balance of the company both in perfect competition market and imperfect competition market.
• Implementing economic behaviour for himself in everyday life both as a consumer and as a producer.
• Evaluate the current practices of the banking industry;
• Convey ideas and issues related to Ethical banking and society to others.

7. ETHICAL BANKING AND SOCIETY

This course explores to what extent bank impacts to the society through social programme. The course also analyses how Corporate Social Responsibility (CSR) given by banks influences communities.

At the end of the course the students will be able to:

• Comprehend the fundamentals and principles of banking, its history up to current mainstream practices;
• Evaluate the current practices of the banking industry;
• Convey ideas and issues related to Ethical banking and society to others;
• Assess interest-bearing lending or financing system compared to its alternative(s), such as the Islamic financing system.
• Demonstrate the ability to interpret ethical banking practices through product analysis or review, product comparison, and financing or lending assessment using an ethical banking framework

8. ETHICS IN FINANCE

This course will examine the role of ethics in finance and the provision of financial services. The significance of ethics in finance is perceived to be a profound measure in mitigating the risk of fraud in corporate governance and financial reporting.

At the end of the course the students will be able to:

• Explain the major theories of Ethics as a basis for analysis and resolution in Ethical Finance;
• Perform some extent of critical assessment of Ethical standards in finance;
• Appraise CFA standards, AAOFI standards, and IFRS standards.

9. FINANCIAL ACCOUNTING

The course aims to provide students with basic understanding of principles & concepts of accounting as well as accounting practices, financial reporting & analysis which intend to provide a strong foundation for advance courses in financial accounting with the ability to apply these for the preparation of financial & related information to meet internal needs & external obligations.

At the end of the course the students will be able to:

• Understand all the important concepts in Financial Accounting.
• Explain the steps and procedures of financial Accounting and its relation in the financial industry .
• Do all the calculations needed in financial Accounting and interpret them.

10. FUNDAMENTALS OF CONTRACT LAW

The course provides the fundamentals of contract law to be applied in the several financial contract arrangements. It will elaborate formation of contract, elements of contracts, validity conditions of contract, and others.

At the end of the course the students will be able to:

• Explain the basic theory of contract law.
• Appraise components of contract law for conventional including Islamic one.
• Demonstrate key skills in understanding contract law.

11. MACRO ECONOMICS

This course illustrates basic concepts of macroeconomics that include national income, consumption, savings and investment, analysis of the determination of national income balance, international trade, money and banking, development and economic growth, and economic planning.

At the end of the course the students will be able to:

• Understand basic principles of macroeconomics that can be used as a basis to gain a better understanding of the various symptoms that appear in the life of the national economy.
• Analyse and interpret various data and phenomena related to macroeconomics.
• Use knowledge of macroeconomics theory in making decisions at the work place accordingly.

12. ETHICAL BANKING AND SUSTAINABILITY

This course invites students to observe whether interest-bearing lending or financing system underpins sustainability agenda or whether alternative(s) are available.

At the end of the course the students will be able to:

• Comprehend the fundamentals and principles of banking, its history up to current mainstream practices;
• Evaluate the current practices of the banking industry;
• Convey ideas and issues related to Ethical banking and sustainability to others.
• Assess interest-bearing lending or financing system compared to its alternative(s), such as the Islamic financing system.
• Demonstrate the ability to interpret ethical banking practices through product analysis or review, product comparison, and financing or lending assessment using an ethical banking framework.

13. FINANCIAL MANAGEMENT

The focus of this course is in the area of financial management. This course will also explain financial tools and techniques, which can be used to help firms maximize value by improving decisions relating to capital budgeting, capital structure, and working capital management. This course will deal with a number of related topics, including multinational financial management, risk management, mergers and acquisitions.

At the end of the course the students will be able to:

• Understand the basic concepts and fundamentals of financial management.
• Able to calculate and interpret financial data and draw conclusions to make the right decisions in the field of finance.
• Able to apply the theory obtained in the practical scope of financial management in the workplace.

14. LEADERSHIP AND ORGANISATIONAL BEHAVIOUR

This course includes a comprehensive description and view of Organisational Behaviour today and in the future. It discusses essential points regarding the behaviour of individuals, groups within organisations and emphasises discussions on leadership which are expected to become fundamental thinking and attitudes of leadership among students.

At the end of the course the students will be able to:

• Explain the principles and theory of Organisational Behaviour.
• Analyse cases and problems related to organisational behaviour.
• Present and answer various issues that then arise in real terms in the scientific field of management and organisational behaviour.
• Demonstrate critical and innovative thinking in developing the field of Organizational Behaviour.
• Justify how organisational change and conflict affect working relationships within organisations and demonstrate how to apply relevant theories including leadership theories to solve problems of change and conflict within organisations.

15. BASIC FINTECH

This course will expose students to new Fintech services within the critical contexts and frameworks of analysing traditional money, banking, and financial markets combined with interdisciplinary content from Computer Science and Entrepreneurship.

At the end of the course the students will be able to understand:

• Major changes in financial services in terms of technology, the range of financial services, and the introduction of new financial services through the use of fintech.
• Financial services regulation that is relevant to fintech and the future development of fintech in financial services industries.

16. BASIC ENTREPRENEURSHIP

This course provides an illustration on basic entrepreneurship. The course covers issues on: why it is necessary to do entrepreneurship and what must be prepared to become an entrepreneur so that students who have the desire and potential to become entrepreneurs have a correct and clear understanding of the world of entrepreneurship and all its challenges.

At the end of the course the students will be able to:

• Examine the sources of new entrepreneurial growth.
• Validating the entrepreneurial character within.
• Linking entrepreneur soft skills with new entrepreneurial opportunities .
• Designing the process of preparing to become an entrepreneur.

17. ADVANCED ETHICAL BANKING

This course is a more advanced level of ethical banking which discusses more deeply regarding system support, the relationship between ethical banking and macroeconomic conditions and comparisons between conventional banks and interest free banking to stimulate students’ critical thinking in finding new alternatives in operating ethical banking in the future.

At the end of the course the students will be able to:

• Explain the comparison between conventional banks and interest free banks in their concepts and operations.
• Encourage students later for careers and contributions to the development of ethical banking.
• Bring knowledge of Ethical Banking and its operations in the work place.

18. CORPORATE FINANCE

This course provides the fundamentals of modern corporate financial decision-making, particularly investment, modes of financing (equity, debt, or customised), and dividend sharing. Specific topics that will be discussed include Financial mathematics, security valuation, investment decision-making techniques, investment portfolio theory, company capital structure, cost of capital, and dividend decisions and policies. This course is related to several other courses, such as economics and accounting.

At the end of the course the students will be able to:

• Understand essential concepts and techniques used by corporate finance professionals;
• Understand and explain how corporate financing and investment decisions are made using capital budgeting decisions;
• Develop relevant computational skills and master financial analysis;
• Decide which projects a firm should undertake;
• Apply financial knowledge to many practical situations in the business context.

19. INTRODUCTION TO CAPITAL MARKET

This course introduces the learners on how capital market works in the economy. The contents are structured to provide broad knowledge of components and products of conventional and Islamic capital markets. Among those contents are founding thoughts of capital market, overview of capital market structures, equity markets, debt markets, foreign exchange markets and others. This course will complement the comprehension on corporate finance course as it will relate the practice of decision-making process conducted by the company into the capital markets practices. More importantly, ethics in capital market profession which become an inherent material as of this diploma programme is also elaborated.

At the end of the course the students will be able to:

• Elaborate sufficiently on concepts of and how capital markets, both conventional and Islamic, work in the economy.
• Demonstrate the adequate ability to interpret capital market products and their features.
• Evaluate capital market products in line with corporate finance decision-making.
• Demonstrate ability to understand and implement or relate ethics into capital market practices, processes given study cases as the method on assessment.

20. APPLIED FINTECH

This course offers knowledge to students about fintech applications in various financial platforms and how fintech relates to a sustainable economy to answer the challenges faced by fintech today.

At the end of the course the students will be able to:

• Understand and explain properly and correctly about fintech applications in the financial industry .
• Understand and interpret fintech applications in the financial industry.
• Understand the development of fintech and its regulations and have a good back-up thinking to get involved in the fintech industry.

21. BASIC STATISTICS

This course presents various basic statistical concepts, which include understanding, usability and space scope of statistics, presentation of data, measures of central tendency and variability, normal curves and correlation tests, which are very useful for supporting the analysis of research data to be carried out as well as the ability to read statistical data which are widely available in economic and business reports.

At the end of the course the students will be able to:

• Understand the basic concepts of statistics
• Apply important principles in statistics, formulas, rules in answering problems that require statistics.
• Solve statistical problems with tools provided individually and in teams, for study purposes or later in working groups.
• Use statistical tools properly and correctly if needed later in the work place

22. ENTREPRENEURSHIP IDEATION

Entrepreneurship ideation is a course that offers various things that students need to prepare to become an entrepreneur. Among other things, you will learn step-by-step how to make a marketing plan and business plan until a business is ready to be launched.

At the end of the course the students will be able to:

• Link entrepreneur soft skills with new entrepreneurial opportunities.
• Design the process of preparing to become an entrepreneur.
• Able to prepare everything needed to become an entrepreneur properly and systematically.

23. INTRODUCTION TO STRATEGIC MANAGEMENT

This course provides the art and science of formulation, implementation, and evaluation between decisions in the functional part of the business and more focused in integrating marketing management, production or operations, accounting finance, human resources, product research and development produced by business enterprises, as well as information systems with the goal of achieving business organisational success.
This course provides steps to be able to formulate a sound business strategy in order to have an advantage in business or organisation competition.

At the end of the course the students will be able to:

• Understand all the important concepts in strategic management, what is strategic management and its uses.
• Explain various strategic management concepts and analyse and have strategic thinking that supports an organisation.
• Synthesise various strategic management issues and discuss within the work team.

24. BASIC OF ISLAMIC COMMERCIAL CONTRACTS

The course equips students to comprehend basic knowledge of Islamic financial contracts as those are unique value proposition of Islamic finance in comparison to conventional contracts. Contracts like murabahah (mark-up sale), mudarabah (joint venture), musharakah (partnership), ijarah (leasing), and others are elaborated.

At the end of the course the students will be able to:

• Explain the genesis of Islamic law of contract and its differences from conventional contract.
• Explain the basic concept of selected Islamic financial contracts.
• Implement the comprehension of Islamic financial contracts into business cases in common law and civil law system countries.

25. ADVANCED FINTECH

This course will offer knowledge about Fintech and Artificial intelligence at an advanced level. Students will be guided by expert tutors to work on fintech projects from the design stage to the prototype and ready to be presented.

At the end of the course the students will be able to:

• Be ready to work or contribute in the creation and development of AI-based fintech.

26. ENTREPRENEURSHIP REALISATION

This course provides students with information on how to start a business, run a business and grow a business. In this course, students will be guided step-by-step to make marketing plans and business plans so that they are very useful for preparing students to become entrepreneurs.

At the end of the course the students will be able to:

• Prepare everything needed to become an entrepreneur properly and systematically.
• Be ready to become entrepreneurs.

27. ETHICAL WEALTH MANAGEMENT

This course contains lessons on the four principles of wealth management including: (1) where does the wealth come from – derived properly and correctly by not violating moral and ethical values, (2) how to protect wealth by not harming others, including alternative uses of Takaful and its advantages of the existing insurance, (3) how to accumulate wealth, what ethical investment may and may not be done in accumulating or investing wealth including studying investment opportunities that are sustainable and environmentally friendly and (4) how assets are purified through Philanthropic activities.

At the end of the course the students will be able to:

• Explain the concept of wealth management that does not violate moral and ethical values.
• Analyse and present the Ethical Investment process to accumulate wealth, what can and cannot be done and which sectors are appropriate.
• Analysing and assessing with correct perspective, the current issues that are developing, related to Wealth management.

28. ACTION-BASED LEARNING

This course is designed for students who are ready to face the current situation of the industry in the final two terms of their programme through direct experience of work situations and problems that occur in organisations (profit and non-profit). Throughout this course, students will learn by working in groups on a research project to formulate solutions to the cases given by the identified/selected organisation. SSTC will facilitate the identification/selection of the organisation(s) where actual cases required for this course can be derived from. Students may have the opportunity to go onsite to carry out their research project at these companies.

At the end of the course the students will be able to:

• Analyse, evaluate, and provide workable solutions to real-world problems encountered by the organisation.
• Demonstrate teamwork, communication and leadership skills as well as transformative skills of real problems faced by the organisation.
• Provide excellent performance, display good manners and personality as well as professionalism, uphold morals and ethics in the workplace .

All students need to attend at least 75% of classes. Students’ Pass holders are required to maintain an attendance of 90% and above to meet the Immigration and Checkpoints Authority requirement.

1:30

FULL-TIME

29 January 2024

Class Days:

Monday – Friday

Class Time:

6:00 PM – 10:00 PM

Intake End-Date:

To be confirmed.

 

PART-TIME

29 January 2024

Class Days:

Monday & Wednesday OR Tuesday & Thursday

Class Time:

6:00 PM – 10:00 PM

Intake End-Date:

To be confirmed.

FEES (effective from 1 January 2024)

SINGAPORE CITIZENS/ PERMANENT RESIDENTS/ NON-STUDENT’S PASS HOLDERS

COST BREAKDOWN	AMOUNT
Course Fee	S$11,442.00
Administrative Fee	S$200.00
Assessment Fee	S$650.00
Course Materials	S$1,080.00
Fee Protection Scheme	S$167.15
Application Fee	S$150.00
Goods & Services Tax	S$1,232.02
TOTAL	S$14,921.17

INTERNATIONAL STUDENTS/STUDENT’S PASS HOLDERS

COST BREAKDOWN	AMOUNT
Course Fee	S$12,490.00
H&S Insurance	S$600.00
Administrative Fee	S$600.00
Assessment Fee	S$650.00
Course Materials	S$1,080.00
Fee Protection Scheme	S$192.75
Application Fee	S$600.00
Goods & Services Tax	S$1,459.15
TOTAL	S$17,671.90

Note: Fees are subject to change without prior notice.

Graduates from this course can articulate into the first year of a relevant undergraduate degree programme at the following universities:

Universiti Putra Malaysia (UPM)

Universiti Sains Islam Malaysia (USIM)/Islamic Science University of Malaysia

Admission into these universities is competitive and applicants will be reviewed based on merit and specific entry requirements.

Diploma in Ethical Banking and Finance Brochure (For Viewing)

Diploma in Ethical Banking and Finance Brochure (For Printing)

 

Last updated 11 January 2024