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 from IIUM Centre for Foundation Studies (CFS)


A successful completion of IIUM CFS programme with a CGPA of at least 2.8 and a grade of B (or QPE of 3.00) for the following two courses:         

No

Course Code

Course Title

Credit Hours

1

ISF 1101

Foundation of Islamic Finance

3 credit hours

2

ACC 1101

Financial Accounting and Reporting 1

3 credit hours

However, the acceptance into the Bachelor of Science (Islamic Finance) programme at this stage is on a conditional basis. The student will still need to satisfy the entering department requirements (see Kulliyyah required courses)

Entry from STPM/STAM/Diploma

  • Credit in English language/ English 1119 in the SPM or equivalent and MUET band 3.
  • Credit in Mathematics/additional Mathematics in SPM or equivalent.
  • Credit in any 3 subjects in the SPM or equivalent.
  • Pass with CGPA of 3.0 or above in STPM; or Pass with at least Jayyid Jiddan in STAM (Sijil Tinggi Agama Malaysia); or Diploma in related areas with CGPA of 3.0 or above.

Entry from GCE A-Level examination; or other International Qualification

The international qualifications are based on UK NARIC system. The university with consultation with Kulliyyah decides on the minimum requirements for admissions.

PROGRAM STRUCTURE

A.     KULLIYYAH REQUIRED COURSES (36 CREDIT HOURS)

No

Course Code

Course Title

Credit Hours

1

ECON 1140

Statistical Methods

3

2

ECON 1150

Business Mathematics

3

3

ECON 1510

Principles of Micro Economics

3

4

ECON 1610

Principles of Macro Economics

3

5

MGT 2010

Principles and Practice of Management

3

6

ACC 1101

Financial Accounting and Reporting 1

3

7

ACC 1511

Management Accounting Fundamentals
(Pre-req: ACC 1001)

3

8

ISF 1101

Foundation of Islamic Finance

3

9

ECON 1710

Foundation of Islamic Economics

3

10

ICTM 1803

Information Technology

3

11

ECON 3510

Fiqh for Economist I

3

12

ECON 3511

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

3

(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.

 

B.  DEPARTMENT REQUIRED COURSES (54 CREDIT HOURS)

To fulfill the requirement, students are required to take 18 courses from the following list.

No

Course Code

Course Title

Credit Hours

1

FIN 3010

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

3

2

FIN 3011

Financial Management 2
(Pre-req: FIN 3010)

3

3

ISF 2102

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

3

4

ISF 2203

Islamic Financing Management
(Pre-req: FIN 3010)                                           

3

5

ISF 2204

ICT for Islamic Financial Institutions

3

6

ISF 3209

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

3

7

ISF 3105

Islamic Capital Market
(Pre-req: FIN 3010)

3

8

ISF 3106

Accounting for Islamic Financial Institutions

3

9

ISF 3207

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

3

10

ISF 3208

Marketing of Financial Services

3

11

ISF 4111

Waqf Management

3

12

FIN 4030

Principles & Practices of Takaful

3

13

FIN 4140

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

3

14

FIN 4250

Bank Management
(Pre-req: FIN 3010)

3

15

ECON 3550

Usul Fiqh I
(Pre-req: ECON 1710)

3

16

ECON 3551

Usul Fiqh II                                       
(Pre-req: ECON 3550)

3

17

ECON 3410

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

3

18

LAW 3112

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

3


B.  DEPARTMENT ELECTIVE COURSES (12 CREDIT HOURS)

Students are required to choose any four (4) courses from the list below:

No

Course Code

Course Title

Credit Hours

1

FIN 4040

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

3

2

FIN 4020

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

3

3

FIN 4150

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

3

4

FIN 4710

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

3

5

FIN 4870

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

3

6

ISF 4112

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

3

7

ISF 4213

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

3

8

ECON 3512

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

3

9

ECON 4010

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

3

10

ECON 4530

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

3

11

ECON 4540

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

3

12

ECON 4550

Economics of Zakat

3

13

ACC 3515

Management Accounting
(Pre-req: ACC 1511)

3

14

ACC 4563

Zakat Accounting
(Pre-requisite: ISF 3106)

3

15

MGT 3050

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

3

16

MGT 4110

Organizational Behavior
(Pre-reg: MGT 2010)

3

17

MGT 4320

Human Resource Management
(Pre-req: MGT 4110)                        

3

18

INFO 2510

Management Information System
(Pre-req: MGT 2010)

3

19

ISF 4214

Project Paper / Case Writing

3

D. 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