Bachelor of Science (Islamic Finance) (Honours)

BACHELOR OF SCIENCE (ISLAMIC FINANCE) (HONOURS) The Department of Finance offers a Bachelor of Science (Islamic Finance) (Honours)

Programme Description

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The Bachelor of Finance (Islamic Finance) programme aims, in line with the vision and mission of IIUM, to impart knowledge and develop the skills required to produce ethical professionals in the fast growing field of Finance, as well as imbue in the graduates Islamic values and ethics that bring out in them pristine character and attitude. Moreover, the BScIF programme aims to produce finance graduates who can eventually take up leadership roles in major organizations in industry and commerce, in academia and in the public sector, with the view of achieving the Maqasid Al-Syariah. The BScIF programme objectives are thus as follows:

•          To produce well-rounded professionals in Finance who are imbued with Islamic values and  
            ethics.

•          To ensure students develop a good grounding in quantitative skills, accounting, economics and
            finance. Islamic perspectives are integrated in all subjects.

•          To develop the students with good communication and soft skills, so that they become
            effective communicators, able to work in teams and be a leader.

•          To sharpen the students’ analytical and critical thinking abilities.

•          To instil in students the desire for life-long learning, so that they can keep they update with
            current knowledge using contemporary technology and resources.

 

JOB PROSPECTS

Students graduating with Bachelor of Science (Islamic Finance) can develop their career in Islamic Finance sector that includes Islamic Banking, Islamic Capital Markets, Takaful, Islamic Wealth Management, Waqf and Zakat. They can also take up leadership roles in major organization in industry and commerce, in academic as well as the public sector. 

 

Entry Requirements

 

ENTRY REQUIREMENTS               

The minimum entry requirement for the Bachelor of Science (Islamic Finance) degree is a CGPA of 2.5 and a grade of B (or QPE of 3.00) for the following two courses:                                                                                                                

 

No

Course Code

Course Title

Credit Hours

1

ACC 1001

Financial Accounting Fundamentals                            

3 credit hours

2

ISF 1101

Foundation of Islamic Finance

3 credit hours

 



PROGRAM STRUCTURE

KULLIYYAH REQUIRED COURSES   (36 CREDIT HOURS)                                                                                               

No

Course Code

Course Title

Credit Hours

1

ECON 1140

Statistical Methods

3 credit hours

2

ECON 1150

Business Mathematics

3 credit hours

3

ECON 1510

Principles of Micro Economics

3 credit hours

4

ECON 1610

Principles of Macro Economics

3 credit hours

5

MGT 2010

Principles and Practice of Management

3 credit hours

6

ACC 1001

Financial Accounting Fundamentals

3 credit hours

7

ACC 1511

Management Accounting Fundamentals
(Pre-req: ACC 1001)

3 credit hours

8

ISF 1101

Foundation of Islamic Finance

3 credit hours

9

ECON 1710

Foundation of Islamic Economics

3 credit hours

10

ICTM 1803

Information Technology

3 credit hours

11

ECON 3510

Fiqh for Economist I

3 credit hours

12

ECON 3511

Fiqh for Economist II
(Pre-req: ECON 3510)

3 credit hours

(Note: The students are required to complete ECON 1140, ECON 1150, ECON 1510, ECON 1610, MGT
           2010, ACC 1001, ACC 1511 and ISF 1101 before entering into the Department Programme.)



DEPARTMENT REQUIRED COURSES  (54 CREDIT HOURS)

To fulfill the requirement of Required Courses (54 credit hours). The students would be required to take

from the following list.

 

No

Course Code

Course Title

Credit Hours

1

ECON 3410

Money and Banking
(Pre-req: FIN 3010, ECON 1510, ECON 1610)

3 credit hours

2

FIN 3010

Financial Management 1
(Pre-req: ECON 1140, ECON 1150, ECON 1610, ECON 1511)

3 credit hours

3

FIN 3011

Financial Management 2
(Pre-req: FIN 3010)

3 credit hours

4

ISF 2203

Islamic Financing Management
(Pre-req: FIN 3010)                                            

3 credit hours

5

ISF 3105

Islamic Capital Market

3 credit hours

6

FIN 4030

Principles & Practices of Takaful

3 credit hours

7

LAW 3112

Malaysian Business Law (for ENM)
(Pre-req: ECON 3510; ECON 3511)

3 credit hours

8

ISF 3106

Accounting for Islamic Financial Institutions

3 credit hours

9

ISF 3207

Auditing & Governance for Islamic Financial Institutions
(Pre-req: ACC 1001, ISF 1101, ISF 3106)

3 credit hours

10

ISF 4111

Waqf Management

3 credit hours

11

ISF 3208

Marketing of Financial Services

3 credit hours

12

ECON 3550

Usul Fiqh I
(Pre-req: ECON 1710)

3 credit hours

13

ECON 3551

Usul Fiqh II                                                         
(Pre-req: ECON 3550)

3 credit hours

14

FIN 4250

Bank Management
(Pre-req: FIN 3010)

3 credit hours

15

FIN 4140

Islamic Money and Payment Systems
(Pre-req: Econ 1610, ECON 1710, ECON 3511)

3 credit hours

16

ISF 2204

ICT for Islamic Financial Institutions

3 credit hours

17

ISF 2102

Qawaid Fiqhiyyahfor Banking and Finance
(Pre-req: ECON 3511)

3 credit hours

18

ISF 3209

Legal Aspects of Islamic Banking and Finance
(Pre- req: Law 3112

3 credit hours


DEPARTMENT ELECTIVE COURSES    (12 CREDIT HOURS)

 

Students are required to choose any four courses from the list below, students can opt to write a

project paper / case writing in lieu of two elective courses which equivalent to 12 credit hours

 

No

Course Code

Course Title

Credit Hours

1

ISF 4112

Strategic Management for Islamic Financial Institutions
(Pre-req: ACC 1001, ISF 1101, FIN 4030)

3 credit hours

2

ISF 4213

Accounting for Takaful Companies
(Pre-req: ACC 1001, ISF 1101, FIN 4030)

3 credit hours

3

INFO 2510

Management Information System
(Pre-req: MGT 2010)

3 credit hours

4

MGT 3050

Decision Science
(Pre-req: ECON 1140; ECON 1150)

3 credit hours

5

ECON 3512

Fiqh for Economist III                                                          
(Pre-req: ECON 3511)

3 credit hours

6

ECON 4010

History of Islamic Economics Thought               
(Pre-req: ECON 3550, ECON 3551)

3 credit hours

7

ECON 4530

Maqasid of Shari’ah
(Pre- req:   ECON 3551)

3 credit hours

8

ECON 4540

Economics in the Qur’an and Sunnah
(Pre-req: ECON 3551)                                        

3 credit hours

9

ACC 4563

Zakat Accounting
(Pre-requisite: ISF 3106)

3 credit hours

10

ECON 4550

Economics of Zakat

3 credit hours

11

MGT 4110

Organizational Behavior
(Pre-reg: MGT 2010)

3 credit hours

12

MGT 4320

Human Resource Management
(Pre-req: MGT 4110)                                          

3 credit hours

13

ACC 3515

Management Accounting
(Pre-req: ACC 1511)

3 credit hours

14

FIN 4040

Corporate Finance
(Pre-req: FIN 3010, FIN 3011)

3 credit hours

15

FIN 4150

Financial Statement Analysis
(Pre-req: FIN 3010, FIN 3011)

3 credit hours

16

FIN 4710

International Finance
(Pre-req: FIN 3010, FIN 3011)

3 credit hours

17

FIN 4870

Futures, Options and Risk Management              
(Pre-req: FIN 3010, FIN 3011)

3 credit hours

18

FIN 4020

Investment Analysis
(Pre-req: FIN 3010, FIN 3011)

3 credit hours

19

ISF 4214

Project Paper / Case Writing

3 credit hours

                                               

PRACTICAL TRAINING (ISF 4214)     6 Credit Hours

With the approval of the department, the students MUST choose to go to relevant organizations for practical training for a period of 12 weeks.  A written report on the practical training must be submitted to the department within 2 weeks after the completion of practical training. Assessment of the practical training will be on a PASS/FAIL basis only.

Courses