Master of Islamic Banking and Finance


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
  1. 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.
  2. 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.
  3. 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).
  4. 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.
  5. Language requirements: TOEFL score of 550 or Academic IELTS band of 6.0


  • 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)


Course CodeCourse NameCredits
MSBF 6100Fundamentals of Islamic Financial Regulations3 Credits
MSBF 6101Oman/AGCC Islamic Economy3 Credits
MSBF 6102Islamic Banking3 Credits
MSBF 6103Islamic Accounting and Financial Reporting3 Credits
MSBF 6104Advanced Research Methods3 Credits
MSBF 6106Advanced Financial Management,3 Credits


Course CodeCourse NameCredits
MSBF 6105Strategic Analysis on Islamic Financial Institutions3 Credits
MSBF 6107Fund Management in Islamic Institutions3 Credits
MSBF 6108Islamic Portfolio Management3 Credits
MSBF 6109Current Issues in Global Economics3 Credits
MSBE 6110Derivatives & Financial Risk Management3 Credits
MSBE 6111Special Topics in Islamic Banking3 Credits
MSBE 6112Human Resource Management in Service Sector3 Credits
MSBE 6113Oman Banking Regulations and Law3 Credits
MSBE 6114Decision Support & Executive Information Systems3 Credits


Course CodeCourse NameCredits
MSBF 6900Research Paper6 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:

  1. Islamic Banking Officer/Executive
  2. Islamic Finance Consultant
  3. Shariah Compliance Officer
  4. Investment Analyst/Manager in Islamic Funds
  5. Risk Analyst/Manager in Islamic Banks
  6. Treasury Manager in Islamic Financial Institutions
  7. Financial Planner specializing in Islamic Finance
  8. Researcher/Professor in Islamic Finance
Ready to take the next step?

Program Delivery

Required English Prerequisites

Department Contact

Contact Program Chair Dr. Hothefa Shaker for more information.