Bachelor Of Science Degree In Islamic Economics, Banking & Finance (B.Sc. IEBF)

> Frequently Asked Questions (FAQ)

Frequently Asked Questions (FAQ)

The maximum duration allowed for completing the accredited B.Sc. IBE program is 12 years. If a student exceeds the allotted time duration without completing the required number of courses, then he/she will need to repeat their oldest courses on case to case basis. So,in case if one enters in the 13th year of study he/she has to repeat their first and second semester courses. If one enters into his/ her 14th year; then third and fourth semester courses have to be retaken by the student, so on and so forth.

The International Open University offers MA in Islamic Studies and it has launched its own PhD program Alhamdulillah. The details can be found here: https://iou.edu.gm/stream/phdis/

The International Open University is an online educational institution. The entire program is taught online via internet. Anyone from any part of the world can join easily and benefit from it, Insha’Allah.

 

It is recommended that IOU students try to have a high speed internet connection. However, if a student does not have a high speed connection, he/she can download audio and video lectures which can be listened to or watched later.

 

There is no fee for examinations. Students only need to pay a small semester registration fee before enrolling into the semester. This depends on the country of residence of the student. Please click here to see the fees for your country. However, students will have to pay fees directly to the exam center, if the center administrator/manager requests it (usually the centers do not ask for any fees).

The International Open University is an online educational institution. The entire program is taught online via internet. Anyone from any part of the world can join easily and benefit from it, Insha Allaah.

 

Admission is open throughout the year. If a student is admitted and enrollment is closed, he/she will begin his/her studies the following semester.

 

The registration form is available here:

 

http://www.islamiconlineuniversity.com/campus/login/signup.php

 

You will get a reply form the registrar regarding your admission confirmation and fee payment details in a few days, Insha Allaah.

Before you begin the registration process, make sure you have the required scans (a scan of your HSC or certificate and a recent color photograph) ready on your PC.

 

 

Upon the completion of the 3 registration steps, the payment of the fees included, you will receive an email with the enrollment instructions few days before the beginning of the semester during the regular enrollment period. If you have completed the registration before or after the regular enrollment period, you may enroll via the early enrollment system by visiting this link. Please note that you have only two attempts to enroll. Therefore, you should choose your courses carefully. Staff will be able to help you only if there is some genuine reason.

 

Registration is open all year round though we advise you to register right away. You will be able to register in the current semester if the deadline has not passed. If the deadline has passed, you will be registered for the following semester and you may enroll into courses via the early enrollment system.

 

The deadlines of registration are broadly divided into three categories:

 

Early Registration Period:
Spring: beginning of October to mid-February
Fall: beginning of April to mid-August

 

Regular Registration Period:
Spring: mid-February to mid-March
Fall: mid-August to mid-September

Late Registration Period:
Spring: mid-March to end of March
Fall: mid-September to end of September

 

Registered students will be sent the exact dates of each semester a couple of weeks before the semester starts.

 

Alhamdulillaah, all the courses offered are completely free, but we charge affordable semester registration fees.

 

Please see here for details

 

http://www.islamiconlineuniversity.com/bec/enrollment.php

 

Click here and select your county of residence to see the course fee

http://www.islamiconlineuniversity.com/bec/scale-fee.php

These are the only fees we charge per semester. The course is completely tuition free, and the course material is also provided free of cost. Additionally, there is an E-Library provided as a study aid for the students.

 

For new students: No matter when the semester is scheduled to start, once you complete the payment, you will be given access to course materials

 

To apply for the B.Sc. IBE program, the candidate must have at least a high school diploma. The high school diploma must be scanned and uploaded along with a recent color passport size photograph. If the diploma and photo are not uploaded, your admission will not be confirmed.

 

 

The requirements to enter a bachelor's degree program in any country is completion of 12 years of study. To accommodate students who do not have a high school diploma but want to study in an organized Islamic banking and economics program and obtain a certificate, IOU has started the Advanced Diploma program, which offers the same courses as the B.Sc. IBE program. Students from both the B.Sc. IBE program and the Open Education Program are taught in a similar manner and given the same course materials. Students can access the same supplementary sessions conducted by the same tutorial assistants. The only difference is the certificate given. For more information, click here. http://www.islamiconlineuniversity.com/bec/streams.php The semester registration fees is the same for any stream you choose.

The semester registration fees is the same for any stream you choose as the manner we conduct the study for all our students is the same.

To enable the students who do not wish to take exams but acquire the knowledge of Islamic banking and economics taught in an organized structure, we have introduced the Audit courses stream. The Audit courses stream gives all the above possibilities to a students but they are exempted from taking tests and exams and submitting assignments. If they wish, they can take tests and research and submit assignments, but they will not fail if they do not do so.

 

Audit courses stream is for those people who want to complete the B.Sc. IBE courses without having to prepare for exams. The duration of the semester is the same as for B.Sc. IBE and so is the fee structure. After the semester completes, the students graded for auditing the courses. And at the end of their study they are given a certificate of auditing the courses from IOU, Insha Allaah.

 

 

 

In order to reset your password, click on the 'forgotten password' button located just under the login fields. If your password reset was not successful and you are still unable to log in, email toinfo@iou.edu.gm. Please do not create a new account; having multiple accounts with IOU is not allowed under any circumstance.

 

 

If you forgot your login details or are unable to access your old email account, kindly email toinfo@iou.edu.gm. Please do not create a new account; having multiple accounts with IOU is not allowed under any circumstance.

 

 

Yes, you may take courses from other IOU degree, diploma or certificate programs. This includes courses that are outside the integral part of their program.
These extra courses will appear on a student's permanent academic record with the final course mark and noted as "EXT". However, they are not included in calculating the student's Grade Point Average.

 

Module tests and midterm exams can be taken at home within the prescribed period. The final exams must be taken only in an IOU approved exam center. There are several designated IOU centers across the globe. You may look for a center near you before the exams begin and register for it. If there is no IOU approved exam center nearby, you can suggest an exam center and if it will meet our requirements, we will approve it even if you are the only student taking exams in it, Insha’Allah. Please read the exam center requirements by clicking on the link http://www.islamiconlineuniversity.com/cba/requirements-exam-center.php

The International Open University offers two terms each year. The enrollment for Spring semester begins on 1st March while for the Fall semester, it begins on 1st September.

No. English language certification is not a requirement for any of the IOU programs. However, you should be aware that English is the medium of instruction for the entire program and you need to have a good command over the language to enroll into the program. You must display the ability to communicate effectively in terms of reading, writing and speaking fluently in English. This is vital for your success as a university student.

Yes, these uncommon courses will appear on the student's permanent academic record with the final course mark and noted as "Additional Courses". However, they are not included in calculating the student's Grade Point Average and do not count towards the degree, diploma or certificate credit.

While it is quite difficult to keep track of this, we have been notified of some of our graduates pursuing postgraduate studies in Indonesia and Gambia.

IOU is registered and accredited in Somalia. This was the first country in which IOU received full registration and accreditation. IOU then subsequently applied for registration in Gambia and has established a headquarters there. The finalization of registration is underway in The Gambia. We hope to conclude the finalization soon, In sha Allah. IOU also has provisional registration by the National Council of Higher Education in Malawi. We are also busy with the finalization of registration in Malawi currently. Once full registration is granted in Gambia and Malawi, IOU will then shift completely over to their systems and legislation.

The onus lies with the applicant seeking credit transfer externally to apply using the standard IOU-issued documents. In the motivation of the application, the student may naturally refer to an MoU in place.
The other university will follow their procedures to determine the validity and scope of the MoU. If the MoU explicitly cites credit transfer/recognition, then the applicant should not face challenges.
However, there are instances where admissions departments of partner universities might not grant credit transfer of some/all courses because the MoU might not have been intended for the purpose of credit transfer, or there could have been changes to syllabi that prevents credit transfer, as courses between IOU and partner university are no longer aligned.
It would be best to check the conditions of the MoU in place with the specific partner university to explore its scope.

Module tests can be taken anywhere within the prescribed time. The midterm and final exams must be taken only in an IOU approved exam center. There are several designated IOU centers present across the globe. You may look for a center near your city, prior to the start of semester exams, and register for it. If there is not an IOU approved exam center nearby, you can suggest an exam center and we will approve it even if you are the only student taking exams there, Insha’Allah. Please read the exam center requirements here https://iou.edu.gm/stream/exam-center-requirements/

It is recommended that the IOU students try to have a high speed internet connection to make the best use of all the services. However, if a student is unable to obtain a high speed connection, we have audio and video lectures available which can be downloaded and saved to listen or watch later. However, as exams are required to be attempted online as well, you must arrange a high speed internet connection to submit exams successfully.

While it is quite difficult to keep track of this, we have been notified of some of our graduates pursuing postgraduate studies in Indonesia and Gambia.

The onus lies with the applicant seeking credit transfer externally to apply using the standard IOU-issued documents. In the motivation of the application, the student may naturally refer to an MoU in place.

The other university will follow their procedures to determine the validity and scope of the MoU. If the MoU explicitly cites credit transfer/recognition, then the applicant should not face challenges.

However, there are instances where admissions departments of partner universities might not grant credit transfer of some/all courses because the MoU might not have been intended for the purpose of credit transfer, or there could have been changes to syllabi that prevents credit transfer, as courses between IOU and partner university are no longer aligned.

It would be best to check the conditions of the MoU in place with the specific partner university to explore its scope.

The Recognition of Prior Learning (RPL) is another way in which IOU aims to provide access to education for those who have not been formally educated, or have completed non formal ways of learning.
If you do not meet the set admission requirements, have extensive work experience or have previously completed courses at another institution and would like to register at IOU, you may apply for admission through the RPL process.
See more information about the RPL process here
Let me know if this requires a different task to be created instead.

The National Accreditation and Quality Assurance Authority (NAQAA) has granted the International Open University a three year Provisional License to operate as a higher education institution in The Gambia effective 29 April, 2019. This license also serves as an institutional accreditation of International Open University, the Gambia, by National Accreditation and Quality Assurance Authority.

Moreover, the Ministry of Higher Education, Research, Science and Technology has granted to the International Open University a license to operate an online university in The Gambia with effect from May 13, 2014.

For more information about accreditation click on the given link https://iou.edu.gm/stream/accreditation/

There is no fee charged for course materials, which consists of a PDF file. Flash videos and mp3 audios are available for online streaming as well as for download. We also provide an E-Library for students free of charge. If a student wishes to purchase hard copies of the required texts, they may do so from external sources.

Bachelor's Degree can be completed in four years period.

Full-time registration*
Minimum period: 4 years
Maximum duration: 6 years

Part-time registration
Minimum period: 6 years
Maximum duration: 9 years

In order to join IOU’s Bachelor’s program, the students must have concluded their high school qualification in the medium of English.

The course content is explained very clearly with the help of lectures recorded by the instructors and recorded supplementary sessions conducted by the teachers. You can contact the teacher if you have any questions about course content. Although the courses are simplified as much as possible, it is preferable that you first register for a free diploma course https://diploma.iou.edu.gm/opencampus/ and try to complete at least one diploma course. If you are able to understand the lectures and texts of the free diploma course, then you should be able to study in the BA ALS program with no difficulty in sha Allah.

Please note that If you realize later that you are not able to understand course content and need to withdraw from the program, there will be no refund. We, therefore, request that you pay only after careful consideration.

No, students cannot join this program if they do not meet the admission requirements.

This program is accredited by NAQAA, the accreditation authority in the Gambia. Students originating from other countries may have to complete additional studies and/or training, or fulfill additional requirements to be recognized in their own countries. Such applicants and students are encouraged to validate the recognition they may receive in their countries with the registered and accredited IOU Bachelors degree prior to registration and graduation.

In order to join IOU’s Bachelor’s program, the students must have concluded their high school qualification in the medium of English.

In order to be admitted to our accredited online Bachelor degree, the candidate must have completed high school. The high school certificate/diploma is the credential awarded to a secondary school student who successfully completes high school level (approximately 12 years of study) . Those who have completed further studies and have degrees beyond high school may submit those certificates if they no longer have their high school certificate with them.

The high school diploma must be scanned and uploaded along with a recent color passport size photograph and photo ID. If the diploma and photo are not uploaded, your admission will not be processed. Additionally, the attested copy of these documents are required to be sent to IOU Head Office before the completion of the program.

Registration is open all year round though we advise you to register right away. You will be able to register in the current semester if the deadline has not passed. If the deadline has passed, you will be registered for the following semester and you may enroll into courses via the early enrollment system.

Spring Semester
Early Registration Period: 1st Oct - 28th Feb
Semester commencement: 1st March
Regular Registration/Enrollment Period: 1st March - 29th March

 

Fall Semester:
Early Registration Period:: 1st April - 31st August
Semester commencement: 1st September
Regular Registration/Enrollment Period: 1st September - 28th Sept

The International Open University is an online educational institution. The entire program is taught online via the internet. Anyone from any part of the world can join easily and benefit from it, In sha Allaah.

Admission is open throughout the year. If a student is admitted and enrollment is closed, he/she will begin his/her studies the following semester.

Please visit this link to know the complete admission process https://iou.edu.gm/stream/process/

In order to make the process easy for the students, IOU has translators available who will translate your documents (for some languages, e.g Arabic, Urdu, Hindi, Bangali, Bahasa, Russian, Malay). If we do not have translation services available for your language, your non-English high school transcripts and certificates must be fully translated into English and notarized by a notary. You must submit the original transcript along with the translated copy. A copy of the translated notarized copy should be uploaded during the online registration process.

While it is possible to study using smartphones, it might not be an efficient way to do so. This is because certain coursework like Assignments are required to be written and lots of research needs to be done to write the assignments. Hence, it is better that you use Laptop/computer to do the assignments.

With a BSc IBEF degree, you will have an insight on the philosophy that governs Islamic Finance and its relevance in the conventional finance domain. Not only will we introduce the concepts and terminologies and the products you encounter in the Islamic Finance domain on a day to day basis, but we adopt a critical approach and thereby engage our students in analyzing the existing products in the light of Shariah. This will give them a complete understanding of the product scenario.

As for jobs, you will have a strong chance to enter the Islamic banking domain and work in the frontline department as you will have a basic knowledge of the products.

You can use this knowledge along with market experience to gradually move into the product domain and make a difference in the long run by creating products which will comply with shariah norm.

No, this option is not available for the BScIEBF program. The program can only be studied under a part-time or full-time study plan and can be completed in 4 years minimum.

No, Course waivers and Credit Transfers are not applicable for the BScIEBF program.

No, a student cannot take additional courses under this program.

This option is not available for the BScIEBF Program.

Click and select your county of residence to see the semester registration fee:

BScIEBF https://iou.edu.gm/stream/bec/fee/

These are the only fees we charge per semester. The course material is provided free of cost online Additionally, there is an E-Library provided as a study aid for the students.

For new students: No matter when the semester is scheduled to start, once you complete the payment, you will be given access to course material through the Early Enrollment system.

No, the study plan you choose at the beginning of your studies must be followed until the end of your studies. Only due to genuine reasons we consider a student's request to change the study plan. Therefore, please select the study plan carefully considering your other life commitments. Also, note that a part time student requires at least 12 hours of studies every week while a full time student requires 20 to 24 hours of studies every week.

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