BSc (Honours) in Islamic Finance

The World Bank claims that Islamic finance has become a powerful instrument for funding development around the globe, especially in non-Muslim nations. In many regions of the world, Islamic finance is a rapidly expanding sector of the financial sector. Despite difficult conditions around the world, it has seen double-digit growth rates in the last ten years. With progressively solid footholds in banking, takaful, and the capital market, its influence and reach have surpassed those of the conventional Islamic marketplaces.
As an ethical and sustainable substitute for the traditional, profit-driven banking system, Islamic banking has been expanding at an estimated yearly pace of 10-15% in non-Muslim nations like the United States, Britain, and France since 2008. In addition to the increasing sophistication of products and the number of nations, businesses, and institutions involved in the sector, the total assets of Islamic finance have been steadily increasing year after year.
The 3.5-year MAHSA Bachelor of Science in Islamic Finance program was created in collaboration with the university's partners. It seeks to generate graduates in the field of Islamic finance who are not only competent and knowledgeable but also exhibit a high degree of integrity along with a sound social and personal disposition, making them valuable members of the organisation they work for. In addition, these graduates will demonstrate leadership qualities in order to fulfil the tenets of Magasid al-Shariah.

Academic Qualification Requirements:

• Matriculation/Foundation: Pass with a minimum CGPA of 2.0 and a pass in Mathematics at the SPM level or its equivalent.
• STPM: Pass with TWO (2) full passes with a minimum CGPA of 2.0 or its equivalent and a pass in Mathematics at the SPM level or its equivalent.
• STAM: Pass with a minimum grade of Jayyid and a pass in Mathematics at the SPM level or its equivalent.
• A-Levels: Pass with minimum TWO (2) principles.
• IB: Pass with a minimum score of 24 points.
• UEC: Pass with a minimum grade B in any 5 subjects.
• SAM/AUSMAT/SACE: Pass in any 2 subjects with an ATAR score of 50%.
• Canadian Pre-U/TEE: Pass with an aggregate of 50%.
• VCE/Ontario Secondary School Diploma: Pass.
• CIMP, Indian Pre-University, AP, Higher School Certificate Sydney Australia, Western Australian Curriculum Council, UNSW Foundation, HSC, and New Zealand Bursary: Pass with 50% aggregate or CGPA 2.00.
• Diploma in DBA: Pass with a minimum CGPA of 2.00 or equivalent. Candidates with a CGPA below 2.0 but above 2.0 may be admitted subject to an internal assessment process.
• Any other Diploma: Pass with a minimum CGPA of 2.0.
• Other: Other relevant equivalent qualifications recognized by the Malaysian Government.
• APEL: Age 21 years & above and experience in a related field.

English Requirements (International):

• IELTS: 5.5
• TOEFL PBT: 410 – 413
• MUET: Band 3

Year 1:

• Principles of Accounting
• Microeconomics
• Business Mathematics
• Business Statistics
• Syariah Islamiyyah
• Principles of Fiqh Mua'malat
• Principles of Finance
• Macroeconomics
• Islamic Finance
• Islamic Economics
• Human Resource Management
• Tarikh Tashri

Year 2:

• Usul Company Law
• Money and Banking
• Basic Arabic for Muamalat 1
• Fundamentals of Islamic Management
• Islamic Financial Service Legal Framework
• Principles and Practices of Takaful
• Accounting for Islamic Financial Transactions
• Basic Arabic for Muamalat 2  
• Professional Communication
• Qawa'id Fiqhiyyah
• Entrepreneurship from Islamic Perspective
• Application of Fiqh Mu'amalat in Islamic Finance
• Islamic Theology

Year 3:

• Marketing Management
• Islamic Money and Payment System
• Banking and Finance Information System
• Auditing and Governance for Islamic Financial Institutions
• Investment Analysis  
• Islamic Risk Management
• Islamic Capital Market
• Islamic Wealth Management
• Waqf Management
• Elective 1
• Elective 2

Year 4:

• Practical Training  

General Courses:

• Youth Development
• Community Project
• Entrepreneurship

International Students:

• Malaysia Studies
• Bahasa Melayu Komunikasi

Local Students:

• Tamadun Islam & Tamadun Asia
• Hubungan Etnik