MS Islamic Banking and Finance


MS in Islamic Banking and Finance is envisioned as a pioneering educational and training program for participants to acquire both theoretical knowledge and practical skills to win a distinguished place in the emerging global market of Islamic Banking.

Apply Now(For Fall 2016 Session)

Aims and Objectives

MS in Islamic Banking and Finance is aimed at providing relevant education and training in all aspects of the operation of Islamic Banking. The program's specific objectives are:

  • To provide opportunity to graduates with relevant experience to acquire knowledge and training for a career in Islamic Banking and Finance.
  • To train executives desiring specialization in Islamic Banking in expanding banking and financial institutions.
  • To provide opportunity for graduates in related disciplines to prepare them to enter the ever-expanding job market in Islamic Banking and Finance.

Career Opportunities

The participants after successfully completing the MS program are expected to be competent for a wide variety of positions in Islamic Banking. They can be considered for jobs in both public and private educational institutions, research organizations, State Bank of Pakistan, and commercial banks. They can also expect to hold positions in various Federal and Provincial ministries.

Scheme of Studies

In one and a half year, i.e., within the first three semesters of the program, participants are expected to complete the course work of 24 credit hours. In the fourth semester, participants shall carry out research and produce their MS thesis for 6 credit hours.

Core Courses

All program participants are required to enroll in and successfully complete the following core courses:

  • Islamic Banking and Finance: What principles constitutes Islamic Banking and how it is different from conventional banking practices?
  • Islamic Laws of Contract - Comparative Study: Study of Islamic practices such as Mudarba, Musharka, Ijara, etc.
  • Research Methodology: Understanding and application of research processes, synthesize knowledge and writing, and plan and organize research problems for interpretation and application of research results.
  • Islamic Financial Econometrics

Elective Courses

  • Islamic Economics - Theories and Practices: Introduction to Islamic Economics with an emphasis on the history of its development and application.
  • International Islamic Banking and Finance: Spread of Islamic Banking across the Muslim Ummah and the rest of the world.
  • Business Strategies and Policy in Islamic Banking and Finance: Study of implementation of Islamic economic concepts and product development in banking.
  • Risk Management in Islamic Banking and Finance: Investigation into minimal risk invoking Islamic moral norms.
  • Case Studies and Seminars in Islamic Banking and Finance
  • Islamic Microfinance: Theory and Practices
  • Islamic Capital Markets

MS Thesis: Thesis shall be of 6 credit hours. A participant shall be allowed to start working on the thesis after completing the course work of 24 credit hours with a minimum CGPA of 3 out of 4.

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