Overview

The Master of Science in Islamic Economics, Banking and Finance (MSc IEBF) program was designed to provide students with a comprehensive understanding of the field’s concepts, theories, and best practices. It also offers students the opportunity to do research on various products and services offered within Islamic financial markets.

The curriculum is divided into two modules: coursework (both theory and practical), and research methodology, which precedes the research proposal module. The coursework module equips students with the necessary methodological techniques and fundamental Islamic economic theories and principles. This training also helps students understand how to practically apply what they have learned in the global finance and banking sector.

Upon completing the research proposal module, students can submit their minor dissertation. Submission for publication in a recognized accredited journal is mandatory for successful completion.

Career paths for graduates of this program include: academicians, advisors, Islamic banking and finance professionals, Shariah auditors, Shariah finance consultants, and independent practitioners.
Successful students will be awarded the title of Master of Science in Islamic Economics, Banking and Finance (MSc IEBF) 

PROGRAM AIMS

The MSc IEBF program aims to strengthen the field of Islamic economics, banking and finance through research, and provide a foundation for Islamically sound approaches. Students are strongly encouraged to examine different practices and models employed in the area of Islamic economics, banking and finance.

Students are tasked with two main objectives. Firstly, develop an understanding of the subject material and critically assess current trends and practices in Islamic economics, banking and finance. Secondly, through their dissertation and practicals, demonstrate knowledge and understanding of Shariah and professional practices in the field.

PROGRAM LEARNING OUTCOMES 

Upon completion of the MEd students should be able to:

PLO1 demonstrate a complete and current understanding of the history of Islamic economics, banking and finance
PLO2 demonstrate a complete and current understanding of practices, trends and challenges in the area of Islamic economics, banking and finance
PLO3 demonstrate the ability to introduce and practice core theories and principles of Islamic economics, banking and finance.
PLO4 demonstrate the ability to solve certain economic and financial problems using their knowledge of Islamic economics, banking and finance.
PLO5 demonstrate skills to work in the global financial sector with additional knowledge and skills.

IOU’s VISION & MISSION

The Master of Science in Islamic Economics, Banking and Finance (MSc IEBF) program aligns with the vision and mission of IOU by:

• Providing facilitated access to quality higher education to all students around the world, particularly the field of Islamic economics, banking and finance
• Promoting the Islamic values of peace and justice embedded in the curriculum
• Contributing to the establishment and strengthening of knowledge-based communities globally through the teaching and learning activities of the program
• Committing to creating diverse, scholarly communities, where students are encouraged to engage in intellectual rigor, high ethical standards and critical evaluation.

Semesters