This course introduces students with the fundamentals, principles and concepts of money and capital markets in Malaysia. It also provides an overview of the development of Islamic financial system. Among the topics covered are the roles and functions of Bank Negara, Securities Commission and Bursa Malaysia in facilitating the growth of the industry. The course also discusses the current issues related to development of Islamic instruments such as Islamic unit trust, sukuk and Islamic derivatives products. Knowledge on this subject is essential as both markets are an integral part of the Muamalat (Islamic banking and financial) system in the country.