Introduction

Islamic banking and finance industry has experienced exponential growth across the globe. This growth has created high demand for Islamic financial products and services. regardless of this high growth there is a dearth of skilled human capital in the industry. In order to play its role in the promotion of Islamic finance education, the Centre for Islamic finance, Institute of Management Sciences ( CEIF IMSciences) aims to introduce Master of Science in Islamic Business and Finance (MS IB&F) The program is particularly designed to develop the research side of the professionals, who can contribute to the depth of Islamic banking and finance industry through research and innovation to continuously boost the growth of Islamic financial markets, consequently, promote financial inclusion and development of the discipline. MS IB&F is well-timed proposal, which can fulfill the dire need of leadership expertise for the exponentially growing Islamic banking and finance industry and will also advance the role of Institute of Management Sciences in meeting the higher education requirements of the country.

Vision Statement

To promote high quality research-based education in Islamic Finance and banking

Mission Statement

To produce leaders for Islamic Finance and banking industries through advancement of the students’ knowledge, skills and attitude towards high quality research.

Eligibility for Admission

16 years of education in any relevant disciplines such as Islamic Banking and Finance, Management, Business, Commerce and Economics with a 2.70 CGPA in semester system or 60 % marks in the annual system (with a minimum of 120 credit hours in bachelor’s and 60 credit hours in the master’s program in the relevant field) from any HEC recognized Institution/University.

Candidates from non-relevant fields may apply, however, such candidates shall be required to qualify an obligatory foundation semester of 6 to 9 credit hours of deficiency courses.

Qualifying the NTS GAT-General test/Institute’s own test or any other test required by the HEC with 50% marks and interview is mandatory for admission.

The Hafiz Quran shall be given a special credit of 20 marks.

The credit marks shall be added subject to fulfillment of basic requisite academic qualification.

The successful enrollment of a student in the MS Islamic Business and Finance program necessitates the completion of 24 credit hours of coursework in addition to 6 credit hours dedicated to research work or the completion of a dissertation.

The scheme of the program is given below: