Associate of Science in Islamic Economics, Banking and Finance (AIBE)
> Program Overview
The International Open University presents its Associate of Science in Islamic Banking and Economics. This Associate of Science degree aims to enhance existing knowledge in banking and economics from an Islamic perspective. The qualification will enable you to enter the field of Islamic banking, improve job prospects for those already in this field, and provide opportunities for further studies.
“Allah has permitted trade and has forbidden interest.” (Surah al-Baqarah (2):275)
Conventional banking is filled with interest-based transactions, unlawful bank contracts, and investments. Many countries have recently seen a rise in demand for Islamic banking services as Muslims are slowly waking up turning back to Allah. It is also a very appealing option for non-Muslims who are not satisfied with the Western banking system.
Analysts expect that at the current rate of expansion, in the next 8 to 10 years the Islamic banking network in the United Arab Emirates (UAE) will overtake the conventional banking system.
Job opportunities within the Islamic banking field are also on the rise. While the Middle East still offers growth opportunities there is big potential for growth in countries such as Indonesia, Bangladesh, India, and countries from North Africa and Central Asia which have a substantial Muslim population.
To enhance existing knowledge in banking and economics from an Islamic perspective.
Admission Eligibility Criteria
High School Certificate (10+ 2) or equivalent
Teaching, Islamic Banking.
|AQD 101||Aqeedah 101||None|
|ETH 101||Etiquettes of Seeking Knowledge 101||None|
|FQH 101||Fiqh 101||None|
|BSA 101||Islamic Management 101||None|
|ECM 103||Principles of Economics (Macro and Micro)||None|
|ECM 104||Principles of Accounting||None|
|FQH 201||Fiqh 201||None|
|ECM 101||Islamic Economics 101||None|
|ECM 102||Money and Banking||None|
|ECM 105||Financial Management (Prerequisite: Principles of Accounting (ECM 104))||Principles of Management (MGT 104)|
|ECM 106||Intro to Islamic Finance||None|
|EDU 105||Professional Development||None|
|ARB 101||Arabic 101||None|
|FQH 202||Fiqh 202||None|
|FQH 401||Fiqh 401||None|
|ECM 201||Managerial Accounting||Principles of Accounting (ECM 104)|
|ECM 203||Managerial Economics||None|
|ECM 204||Islamic Capital Markets(Prerequisite: Financial Management (ECM 105))||None|
|ARB 102||Arabic 102 (Prerequisite: Arabic 101)||None|
|HAD 102||Hadeeth 102||None|
|CVN 101||Islamic Civilization 101||None|
|ECM 202||Investment and Financial Statement Analysis||None|
|ECM 205||Risk Management||None|
|ECM 206||International Monetary Economics||None|