Article

Course Guide

THE DRAW OF ISLAMIC BANKING

by Graduan
 

 

Course      : Master of Islamic Banking 

University : Universiti Sains Islam Malaysia

 

COURSE INTRODUCTION

Over the past three decades or so, Islamic banking has emerged as another viable way of financial intermediation. It has gained credibility and has spread worldwide as the preferred way of banking for one fifth of the world’s population. Many countries have recently seen a rise in demand for Islamic banking services, causing the sector to experience international expansion. 

 

University Sains Islam Malaysia’s Master of Islamic Banking (MIB) is designed to provide students with the necessary skills and in-depth knowledge that are required in this  growing and sophisticated Islamic banking sector. It offers a comprehensive curriculum encompassing both classic and more recent areas of the principal functions of Islamic banking. Modules for the Master of Islamic Banking include management of Islamic banking, regulatory of Islamic banking, governance of Islamic banking, principles and operations of Islamic banking, and accounting and reporting of Islamic financial transactions.

 

METHOD OF INSTRUCTION AND DURATION

Dedicated to educating the next generation of leaders in Muamalat and Islamic Economics, we utilise a student-centred learning approach through a combination of lectures, discussion and case studies, problem-solving based learning (PBL), project-based learning (PoPBL), simulation, dissertation writing and research field. Our master class normally has between 10 to 25 students to encourage greater engagement and interaction between students and lecturers or practitioners.

 

The duration of the programme is 15 months for full-time students and 18 to 24 months for part-time students. The modules of the programmes are designed to reflect the reality of today’s business world. It usually includes core functional areas such as corporate finance analysis, Islamic financial institutions and market, accounting and reporting of Islamic financial and  risk management for Master of Islamic Finance.

 

ADVANTAGES OF PURSUING THIS COURSE

With its current position, this course has been designed to provide students with necessary skills and in-depth knowledge required to work in this growing and sophisticated Islamic banking sector. It offers a comprehensive curriculum encompassing both classic and more recent areas of the principal functions of Islamic banking. Students will cover basic fundamentals such as the differences between Islamic and conventional banks, as well as how bank accounts work under shariah principles.

 

The core units equip students with an in-depth understanding of the structures and functioning of financial institutions, and issues related to Islamic banking in a contemporary, globalised economy, as well as providing the necessary knowledge of bank management, risk management and risk assessment. The Islamic banking specialisation for this course offers intermediate corporate finance, equipping graduates with a qualification that is modern, in-depth and competitive but grounded in shariah laws. The main areas are deposits, finance and investments for the Islamic banking industry. In the consumer area, it includes retail deposits and financing products. It will also cover specific issues on Islamic banking such as regulatory and governance of Islamic banking, risk management, product development as well as accounting and reporting of Islamic financial transaction.

 

Besides, the MIB will provide the knowledge and analytical skill to explore and explain the principles and practices of Islamic banking. A comprehensive understanding of the financial, economic and legal environments in which Islamic banking operates. This programme is specifically designed to produce professionals equipped with expertise in both the conventional banking and shariah or the integration of Naqli and Aqli concept for a career in the Islamic banking services or any Islamic financial institutions. 

 

ADVANTAGES OF STUDYING AT THIS UNIVERSITY

The Faculty of Economics and Muamalat (FEM) building sits on a hill overlooking lush greenery providing a conducive and eco friendly learning environment for budding business leaders. Furthermore, the uniqueness of the programmes offered is that each course incorporates recent developments in its field and the integration of Naqli and Aqli knowledge give graduates a more holistic view of the global scenario encapsulated within an Islamic perspective. 

 


QUICK GLANCE


ABOUT THE UNIVERSITY

Formally established in 2010, the Graduate School of Muamalat (GS-Muamalat) is positioned under the umbrella of Faculty of Economics and Muamalat (FEM). GS-Muamalat is innovative, engaged and has a deep international and Islamic orientation with aims to create ethical global leaders who uphold all human values based on shariah (Islamic Law). 

 

NAME OF COURSE

Master of Islamic Banking

 

PRE-REQUISITE

Bachelor’s degree with honours and a minimum CGPA of 2.75 from Universiti Sains Islam Malaysia; or

A suitable bachelor’s degree with honours and good grades; or Jayyid; or a minimum CGPA of 2.75/4.00 or 3.50/5.00; or 60 per cent and above (transcript will be examined) from other institutions of higher learning recognised by the Senate; or

A suitable bachelor’s degree with honours and good grades; or Makbul; or minimum CGPA of 2.50/4.00 or 3.00/5.00; or 50 per cent and above, and with a minimum of five years working experience.

 

CONTACT

Tel : 06 797 8662/8663/8664

Email : ddgsm@usim.edu.my

 

 
 

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