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