Master of Islamic Banking and Finance

Overview

The Master of Islamic Banking and Finance is a postgraduate degree program designed to provide comprehensive knowledge and skills in the field of Islamic banking and finance.

This program is specifically tailored to meet the growing demand for professionals who are well-versed in the principles and practices of Islamic finance.

The program aims to equip students with a deep understanding of the Islamic financial system, its underlying principles, and its practical applications.

It covers a wide range of subjects, including Islamic economics, Islamic law (Shariah), Islamic banking operations, Islamic capital markets, risk management in Islamic finance, and financial planning in accordance with Islamic principles.

It equips graduates with a strong foundation to contribute to the development and expansion of Islamic banking and finance globally.

Admission Criteria

Fully Admitted student with an earned Bachelor in Islamic Banking and Finance or related discipline as Accounting, Economy and Finance with GPA of 2.5.
Fully Admitted student with an earned Bachelor’s degree from a Business College or related discipline with GPA of 2.5 and with minimum of 2 years of relevant professional experience work in relevant field, reviewed and based on the recommendation of the Graduate Admissions Committee.
Conditionally Admitted Student with an earned Bachelor’s degree from a Business College or related discipline with GPA of 2.0 to 2.49, are required to successfully complete 3 courses in the Certificate - “Islamic Banking and Financial Services“(Foundation courses).
Conditionally Admitted Student with an earned Bachelor’s degree from a Shariah College in Jurisprudence transactions major with GPA between 2.0 and above, are required to successfully complete 3 courses in the Certificate - “Advanced Financial Management Banking and Systems “ (Foundation courses) with the exemption of Shariah College graduates of other majors other than (Jurisprudence transactions) major provided that the graduates present proof to not less than 3 years practical experience in finance and banking.
Language requirements: TOEFL score of 550 or Academic IELTS band of 6.0

LIST OF DOCUMENTS TO BE SUBMITTED

High School Transcript.
Bachelor’s degree Transcript (Students with transferred credits must ensure to submit transcripts of all attended universities).
Bachelor’s degree Certificate.
MOHE Validation Letter (For students who have studied at universities outside Oman).
CV with two references listed (Name of person, Phone number and email).
Work experience certificate (for working professionals).
MOHE information form (available at Graduate Admissions Office).
Application for Admissions (available at Graduate Admissions Office).
Copy of passport and ID.
4 passport size photographs.
English Placement Test Results (Students with valid TOEFL or IELTS must ensure to submit the original score card).

Program Structure

(Total: 42 Credits)

CORE COURSE (18 CREDITS)

Course Code	Course Name	Credits
MSBF 6100	Fundamentals of Islamic Financial Regulations	3 Credits
MSBF 6101	Oman/AGCC Islamic Economy	3 Credits
MSBF 6102	Islamic Banking	3 Credits
MSBF 6103	Islamic Accounting and Financial Reporting	3 Credits
MSBF 6104	Advanced Research Methods	3 Credits
MSBF 6106	Advanced Financial Management,	3 Credits

ELECTIVE COURSES (18 CREDITS) – Any 6 courses

Course Code	Course Name	Credits
MSBF 6105	Strategic Analysis on Islamic Financial Institutions	3 Credits
MSBF 6107	Fund Management in Islamic Institutions	3 Credits
MSBF 6108	Islamic Portfolio Management	3 Credits
MSBF 6109	Current Issues in Global Economics	3 Credits
MSBE 6110	Derivatives & Financial Risk Management	3 Credits
MSBE 6111	Special Topics in Islamic Banking	3 Credits
MSBE 6112	Human Resource Management in Service Sector	3 Credits
MSBE 6113	Oman Banking Regulations and Law	3 Credits
MSBE 6114	Decision Support & Executive Information Systems	3 Credits

RESEARCH PAPER (6 CREDITS)

Course Code	Course Name	Credits
MSBF 6900	Research Paper	6 Credits

Career Opportunities

Graduates of the Master of Islamic Banking and Finance program can pursue a wide range of career opportunities in both Islamic financial institutions and conventional banks with Islamic finance divisions. Possible career paths include:

Islamic Banking Officer/Executive
Islamic Finance Consultant
Shariah Compliance Officer
Investment Analyst/Manager in Islamic Funds
Risk Analyst/Manager in Islamic Banks
Treasury Manager in Islamic Financial Institutions
Financial Planner specializing in Islamic Finance
Researcher/Professor in Islamic Finance

Ready to take the next step?

Program Delivery

Evening classes on weekdays only; 6.30 p.m. – 9.30.p.m
Duration of each course 5 – 6 weeks
12 courses in total
Research Paper: Students are required to undertake a
short research paper in the field of Islamic banking
and finance

Required English Prerequisites

TOEFL score of 550 or
Academic IELTS band of 6.0

Department Contact

Contact Program Chair Dr. Hothefa Shaker for more information.