The Diploma in Ethical Banking and Finance encompasses a diverse range of knowledge areas, combining essential disciplines in financial and banking sectors. These areas include Accounting, Economics, Ethics in Finance, Ethical Banking, and Fintech.
The Diploma in Ethical Banking and Finance encompasses a diverse range of knowledge areas, combining essential disciplines in financial and banking sectors. These areas include Accounting, Economics, Ethics in Finance, Ethical Banking, and Fintech. The Diploma in Ethical Banking and Finance encompasses a diverse range of knowledge areas, combining essential disciplines in financial and banking sectors. These areas include Accounting, Economics, Ethics in Finance, Ethical Banking, Fintech, Entrepreneurship, and a capstone module called Action Based Learning. The comprehensive curriculum ensures that students gain a well-rounded understanding of various facets of ethical banking and finance. The comprehensive curriculum ensures that students gain a well-rounded understanding of various facets of ethical banking and finance.
This extraordinary program is made possible through a strategic collaboration with Ibantu Pte Ltd, a pioneering company in the tech domain. Ibantu’s expertise in innovative solutions and cutting-edge technologies enhances the program’s quality and relevance, preparing students to excel in a rapidly evolving financial landscape. Through this partnership, participants will have the privilege of accessing Ibantu’s advanced tools and resources, gaining a competitive edge in the industry.
One of the program’s key strengths lies in the active involvement of industry experts. Renowned professionals with extensive experience in ethical banking and finance will serve as mentors, providing invaluable insights and guidance throughout the program. Their practical know-how and real-world perspectives will enrich the learning experience, empowering participants to make sound decisions and solve real-life problems in their future roles.
The Diploma in Ethical Banking and Finance, a collaborative effort with Ibantu Pte Ltd and industry experts, paves the way for aspiring professionals to embark on a fulfilling journey in the financial sector. By blending theoretical and practical learning, the program equips participants with the skills and moral values necessary to build a sustainable and ethical financial system. Join us in this transformative endeavor as we shape the future of banking and finance through human capital development and ethical practices.
| 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 Graduation Credit Total | 30 90 | ||||
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.
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:
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:
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:
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:
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:
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:
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:
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:
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:
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:
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:
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:
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:
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:
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:
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:
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:
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:
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:
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:
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:
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:
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:
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:
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:
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:
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:
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:
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 | |
FEES (effective from 1 June 2023)
SINGAPORE CITIZENS/ PERMANENT RESIDENTS/ NON-STUDENT’S PASS HOLDERS
