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Masters in Islamic Financial Management
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Key Fact
  • Program name
    Masters in Islamic Financial Management
  • Program code
    MIFM
  • Dept. chair
    Dr. Tahar Tayachi
  • Program length
    2 Years
  • Credit hours
    50

 About the Program

​​The Masters in Islamic Financial Management (MIFM) Program embraces both Islamic and conventional finance. Islamic finance benefits from the insights and technical instruments developed by conventional finance; conventional finance enjoys a broader scope by recognizing and including the ethics that underpin the Islamic finance industry. The program therefore enhances the potential of firms in the field of finance and offers a clear strategic edge to those that can modify their mindset accordingly. In particular, MIFM offers this key benefit to its students.

The MIFM program contains a balance of conventional and Islamic-finance modules, enabling you to gain a clear overview of the similarities, differences, and synergies between Islamic and conventional finance, and prepares you to hold key positions in the Islamic banking industry.

 Learning Outcomes

  • ​​Demonstrate a comprehensive knowledge of contemporary issues in Islamic and conventional finance.
  • Compare and contrast Islamic and conventional financial markets in a global setting.
  • Solve problems and make financial decisions within a risk-return framework.
  • Demonstrate the ability to use critical thinking and reasoning skills to analyze various financial management issues.
  • Utilize data, software, and information technologies in problem solving and decision-making.
  • Identify the ethical and legal responsibilities in Islamic and conventional finance and determine their impact on financial decision-making.
  • Utilize quantitative tools to analyze and respond to Islamic financial-management problems and opportunities.
  • Conceptualize Islamic financial-management issues into coherent written statements and oral presentations.
  • Demonstrate the ability to interact, cooperate, and lead in a multicultural organization.

 Educational Objectives

  • Develop students' understanding of the conceptual framework of conventional and Islamic finance.
  • Provide students with quantitative and conceptual analytical skills needed for effective Islamic financial management.
  • Develop students' ability to apply the technical aspects of conventional finance within the Islamic finance framework.
  • Develop students' interpersonal and leadership skills relevant to the global nature of Islamic and conventional finance.
  • Develop students' understanding of the ethical and legal responsibilities that shape the field of Islamic finance.
  • Provide students with technological skills needed to process information and make effective Islamic financial-management decisions.​​

 Graduation Requirements

  • 33 credit hours of Core Courses
  • 12 credit hours of Technical Electives
  • 5 credit hours of Professional Thesis

In addition, you must also fulfil the following requirements

  • An overall grade point average GPA of 3 out of 4.00 or higher for the MIFM program
  • No grades lower than 2.00 out of 4.00 for any MIFM course
  • A grade of 2.00 out of 4.00 or higher for the professional thesis​

 Program Plan

Semester 1 Semester 2
Course # Course Title Credits Course # Course Title Credits
MFN541 Principles of Conventional and Islamic Finance 3 MBK511 Fundamentals  of Conventional Markets 3
MFN542 Financial Decision Making and Computational Finance 3 MFN543 Islamic Financial Instruments Management: Cash Flow Analysis 3
MQM521 Financial Econometrics I: Financial Regression Analysis 3 MQM522 Financial Econometrics II: Statistical Financial Modeling 3
MTK531 Fundamentals of Islamic Finance: Markets and Instruments 3 MBK512 Conventional Fixed Income Financial Instruments 3
Total 12 Total 12
Semester 3 Semester 4
MTK532 Islamic Quasi Fixed Income Financial Instruments: Sukuk 3 MTK536 Portfolios of Islamic Financial Instruments 3
MTK533 Analysis and Management of Conventional Derivatives I 3 Technical Elective Course 3 3
Technical Elective Course 1 3   Technical Elective Course 4 3
Technical Elective Course 2 3 MGT550  Professional Thesis 5
Total 12 Total 14
Admissions
Hi-School Percentage
Science Section
NA
Art Section
NA
Qudurat *(SAT)
NA
Math Level *DTMS
Part
NA
Cut-Score
NA
Effat Placement Tests
*TOEFL+ *TWE
550
**IELTS
6.0
Additional Department Requirement
Interview
Required
Recommendation
Letter
2
Personal Statement
Required
Contact Information
Dept. Chair
Tel.+966 122137832
Assistants
Tel.+966 122137811 

    Accreditation

    Our qualifications are recognised globally, so you can study safe in the knowledge that wherever your path may lead, you have the whole wide world to choose from.

    Download

    Undergrad Catalogue 2016-2017

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