The Bachelor of Science in Islamic Finance and Banking program offered by the School of Business and Finance is a comprehensive undergraduate degree designed to equip students with a solid foundation in the principles and practices of Islamic finance. This program aims to prepare graduates for a dynamic career in the rapidly growing Islamic banking sector by providing a blend of theoretical knowledge and practical skills rooted in Shariah-compliant financial systems. Throughout the coursework, students will explore core topics such as Islamic financial laws, risk management, Islamic banking operations, financial ethics, and the regulatory environment governing Islamic finance institutions. The curriculum emphasizes ethical considerations and social responsibility aligned with Islamic teachings, fostering a sense of integrity and accountability in future financial professionals.
Students will benefit from a diverse range of modules including Principles of Islamic Finance, Shariah Compliance, Islamic Financial Instruments, Banking Operations, and Contemporary Issues in Islamic Finance. Practical training is integrated through case studies, guest lectures from industry experts, internships, and workshops, ensuring graduates are well-prepared to meet industry demands. The program also encourages the development of critical thinking, analytical skills, and a global perspective on Islamic financial markets, which are essential in a competitive and interconnected world.
Graduates of this program will be equipped to pursue careers in Islamic banks, financial institutions, consultancy firms, regulatory agencies, and other organizations involved in Shariah-compliant financial activities. They will possess the knowledge to innovate within the sector, contribute to financial inclusion, and promote ethical economic growth. Furthermore, the program provides a pathway for those interested in continuing their education through postgraduate studies in Islamic finance, banking, or related fields. The School of Business and Finance is committed to providing a nurturing academic environment with experienced faculty, state-of-the-art facilities, and strong industry partnerships, all aimed at developing competent and ethical practitioners committed to excellence in Islamic finance and banking.
The Islamic Finance and Banking programme at the School of Business and Finance offers a comprehensive curriculum designed to equip students with a deep understanding of the principles, practices, and regulatory frameworks that underpin Islamic financial institutions. This programme integrates core topics such as the foundations of Islamic law (Shariah), ethical financial practices, and the structure of Islamic banking products, providing students with a solid theoretical background and practical skills needed for a successful career in this rapidly growing sector. Students will explore key concepts including profit and loss sharing, asset-backed financing, and prohibitions against interest (riba), while also examining the development and evolution of Islamic financial markets globally. The curriculum emphasizes a multidisciplinary approach, combining elements of finance, economics, law, and ethics to prepare graduates to address complex financial challenges within Shariah-compliant contexts. Practical modules include case studies, simulations, and internships, enabling students to gain hands-on experience and insight into real-world applications of Islamic finance principles. Graduates of this programme will be well-equipped to work in Islamic banks, financial advisories, regulatory bodies, and international financial organizations, contributing to the sustainable growth of Islamic finance industries worldwide. The programme also prepares students for professional certification and further academic research in Islamic finance, supporting continuous development and expertise in the field.
The Bachelor of Science in Islamic Finance and Banking program at the School of Business and Finance is designed to provide students with comprehensive knowledge of the principles and practices of Islamic finance. The program requires students to complete a minimum of 120 credit hours, which include foundational courses in economics, finance, and law, as well as specialized courses in Islamic financial instruments, Shariah law, and banking operations. Students must undertake a mixture of theoretical coursework and practical assignments to develop a robust understanding of risk management, financial analysis, and ethical considerations unique to Islamic finance.
The curriculum emphasizes the integration of traditional banking concepts with Islamic jurisprudence, preparing graduates for careers in Islamic banking, financial consultancy, and regulatory compliance. Core courses include Introduction to Islamic Finance, Principles of Shariah Law, Islamic Financial Instruments, Microeconomics, Macroeconomics, Principles of Banking, Risk Management in Islamic Finance, and International Finance. Elective courses may cover topics such as Islamic Capital Markets, Takaful (Islamic Insurance), Financial Technology in Islamic Banking, and Corporate Governance in Islamic Financial Institutions.
Students are also required to complete a research project or thesis in their final year, focusing on current issues in Islamic finance. Practical training through internships at partnering Islamic banks and financial institutions is strongly encouraged to provide hands-on experience. The program culminates in a comprehensive examination and successful completion of all coursework, ensuring graduates possess the necessary qualifications to pursue professional certifications such as the CIFE (Certified Islamic Finance Executive) or equivalent.
In addition, students must demonstrate proficiency in English and a working knowledge of Arabic, which are essential for understanding legal texts and conducting research in the field. Successful graduates will be equipped with the skills to engage ethically and effectively in the rapidly growing global Islamic financial sector, contributing to sustainable economic development aligned with Islamic principles.
Want to improve your English level for admission?
Prepare for the program requirements with English Online by the British Council.
- ✔️ Flexible study schedule
- ✔️ Experienced teachers
- ✔️ Certificate upon completion
📘 Recommended for students with an IELTS level of 6.0 or below.
The financing studies of the Islamic Finance and Banking program at the School of Business and Finance are designed to provide students with comprehensive knowledge of financial principles within the context of Islamic law (Shariah). The programme emphasizes understanding the unique features of Islamic finance, including the prohibition of interest (riba), the requirement for risk-sharing, and ethical investment practices. Students are introduced to a variety of financial instruments such as Sukuk (Islamic bonds), Murabaha (cost-plus financing), Ijara (leasing), Musharaka (joint venture), and Mudaraba (profit-sharing). The curriculum covers the development and regulation of Islamic financial institutions, Islamic banking operations, and contemporary issues facing the industry, including risk management and compliance.
Funding for the programme is typically derived from a combination of tuition fees, government grants, and private sector sponsorships dedicated to the advancement of Islamic finance education. Students are encouraged to explore part-time employment opportunities within the Islamic banking sector, which often offers internships and cooperative education placements. Scholarships and financial aid are available for outstanding students pursuing degrees in Islamic finance, aimed at promoting wider access to education in this specialized field. The program also collaborates with Islamic financial institutions to facilitate research projects and practical training, providing students with real-world experience and industry connections vital for their professional development. Overall, the financing studies in this program are structured to equip graduates with the financial acumen needed to succeed in the rapidly growing Islamic finance industry both regionally and globally.
The Bachelor of Science in Islamic Finance and Banking at the School of Business and Finance is a specialized undergraduate program designed to equip students with comprehensive knowledge and practical skills in the fields of Islamic finance, banking, and economic principles rooted in Shariah law. The curriculum emphasizes understanding the unique features of Islamic financial instruments, the regulatory environment, and the ethical considerations inherent in Islamic banking practices. Students are introduced to core areas such as Islamic jurisprudence related to finance, financial accounting, risk management, investment analysis, and Shariah compliance processes. The program aims to foster the development of professionals capable of contributing to the growth of Islamic financial institutions locally and internationally.
Throughout the course, students engage with contemporary issues in Islamic finance, including asset management, Islamic insurance (Takaful), and Islamic capital markets, gaining insights into how these sectors operate within global financial systems. Practical skills are reinforced through case studies, workshops, and internships that provide real-world exposure. Graduates of this program are prepared for careers in Islamic banks, financial consultancies, regulatory agencies, and multinational corporations operating in Islamic finance sectors. The program also emphasizes ethical considerations, social responsibility, and sustainability within financial practices, aligning with Islamic values.
Academic staff comprise qualified professionals with extensive expertise in Islamic finance, ensuring that the curriculum remains current and relevant. Students are encouraged to participate in conferences, seminars, and research projects to deepen their understanding and engage with industry developments. The program also provides a pathway for students interested in pursuing postgraduate studies or professional certifications such as the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) or the Chartered Islamic Finance Professional (CIFP). Overall, the Bachelor of Science in Islamic Finance and Banking combines theoretical knowledge with practical application, preparing graduates for dynamic careers in an expanding global industry, while emphasizing the ethical foundations of Islamic finance principles.
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