This course is designed to introduce students to an advanced treatment of theories and its three decision areas of financing, investment and dividend. The course therefore examines the effects of various corporate financial policy decisions (e.g. capital structure, working capital, and capital budgeting and dividend policies) on the values of the firm. Issues to be thus examined include:- Financial structure, capital structure, market valuation of risky assets under uncertainty, risk and uncertainty management strategies, capital budgeting, operation of capital market and money market, analysis for investment in securities, portfolio theories and the concept of diversification, efficient market theory, cost of capital, dividend policy, corporate financial problems e.g. leasing, mergers, and of new securities, the institution of Zakat, the insurance debate and the non-interest banking and financial system.