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 tp 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 welltimed 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.

Program Objectives

The MS Islamic Business & Finance program is developed to; Build competence of students to further advance theory and practice of Islamic Finance To equip students with the latest tools of research for promotion of Islamic Finance and banking

Eligibility for Admission

16 years of education in any relevant disciplines such as Islamic Banking and Finance, Management, Business, Economics, Islamiat, and Usul e Fiqh, 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.
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.

Total Required Credit Hours: Forty-Eight (48) Applicants having graduate degrees (16 years) in Islamic Banking and Finance, Management and Business will be given exemptions up-to 18 credit hours.

Semester 1

Code

Course Title

Credit Hours

XXX XXX

Core Course – I

Three (03)

XXX XXX

Core Course – II

Three (03)

XXX XXX

Core Course – III

Three (03)

XXX XXX

Core Course – IV

Three (03)

Semester 2

Code

Course Title

Credit Hours

XXX XXX

Core Course – V

Three (03)

XXX XXX

Core Course – VI

Three (03)

XXX XXX

Elective – I

Three (03)

XXX XXX

Elective – II

Three (03)

Semester 3

Code

Course Title

Credit Hours

XXX XXX

Core Course – VII

Three (03)

XXX XXX

Core Course – VIII

Three (03)

XXX XXX

Elective III

Three (03)

XXX XXX

Elective IV

Three (03)

Semester 4

Code

Course Title

Credit Hours

XXX XXX

Elective V

Three (03)

XXX XXX

Elective VI

Three (03)

XXX XXX

Optional – I (in lieu of RES 790)

Three (03)

XXX XXX

Optional – II (in lieu of RES 790)

Three (03)

RES 790

Master’s Dissertation

Six (06)

Core Courses

Code

Course Title

Credit Hours

BNK 601

Commercial and Central Banking

Three (03)

IBF 611

Islamic Financial Markets

Three (03)

IBF 615

Islamic Law and Financial Transactions

Three (03)

STA 625

Econometrics

Three (03)

IBF 651

Accounting for Islamic Financial Institutions

Three (03)

RES 721

Applied Research Methods

Three (03)

RES 715

Qualitative and Quantitative Research Techniques

Three (03)

IBF 705

Risk Management in Islamic Financial Institutions

Three (03)

Electives

Code

Course Title

Credit Hours

IBF 685

Governance of Islamic Financial Institutions

Three (03)

IBF 711

Underwriting and Claims Management in Takaful Companies

Three (03)

IBF 715

Financial Statement Analysis of Islamic Financial Institutions

Three (03)

IBF 721

Islamic Financial Product Development

Three (03)

IBF 755

Case Studies in Islamic Finance

Three (03)

IBF 790

Islamic Fintech

Three (03)

FIN 685

Investment Analysis and Portfolio Management

Three (03)

IBF 851

Islamic Finance Research

Three (03)

IBF 661

Islamic Management

Three (03)

FIN 851

Data Science for Finance

Three (03)

FIN 861

Financial Engineering

Three (03)