Monetary and Financial System (MAFS)

Module-A: Money and Monetary System

• Concept and Functions of Money
• Kinds of money
• Demand for Money
• Measures of money supply: narrow money and broad money
• Constituents of Monetary System: Central Bank and Commercial Banks
• Creation of Money by Commercial Banks

Module-B: Payment System

• Concept
• Different payment options
• Pros and Cons of different payment types (Cash, Cheques, Debit Card, Credit Card, Mobile payments, On-line payments, Electronic fund transfers)
• Evolution and Growth of Bangladesh Payment System

Module-C: Financial System

• Concern of Finance
• Modes of Finance (Direct and Indirect)
• Concept of Financial System
• Relationship among Financial, Monetary and Payment Systems
• Constituents of Financial System: Financial Institutions, Financial Instruments and Financial Markets
• Financial Infrastructure and Superstructure
• Financial System of Bangladesh

Module-D: Financial Institutions

• Types of Financial Institutions: Banking Financial Institutions (BFIs) and Non-bank Financial Institutions (NBFIs)
• Functions and Growth of BFIs and NBFIs in Bangladesh

Module-E: Financial Markets

• Functions of Financial Markets
• Classifications: Money Market and Capital Market
• Banking, Security and Insurance Market
• Primary Market and Secondary Market including OTC market
• Micro-finance and micro-credit market
• International Financial Market

Module-F: Islamic Financial System

• Islamic Economics, Finance and Banking
• Principles of Islamic Financial System (Prohibition of Interest, Risk Sharing, etc.)
• Relation between Religion and Finance in Islam
• Source of Shariah Law
• Islamic Financial Instruments

Module-G: Regulatory Framework for Financial, Monetary and Payment System

Role of BB, BSEC, IDRA and MRA