1. What is the objective of the MS Islamic Banking & Finance program?
MS Islamic Banking & Finance is a postgraduate program designed to meet the growing needs of the Islamic finance industry by providing theoretical as well as practical knowledge of Islamic banking & Finance to the students. It is aimed at fresh graduates from business and other disciplines, experienced practitioners as well as Shariah scholars, to impart an in-depth education in the discipline of economics, finance & banking, research, and Islamic jurisprudence & Fiqh.
2. What are the career prospects for MS Islamic Banking & Finance Degree holders?
Graduates of the program will have promising career prospects in academia and the local and international Islamic finance industry. Most students will start their careers in Islamic Banks (Islamic corporate banking, Islamic investment banking), Takaful companies, Islamic research & Academic centres, government institutions, universities, and media centres, regulatory bodies, Central banking, and policy roles, etc. Some students will also continue onto PhDs or start their own business/consultancy firms.
3. What is the duration of the MS Islamic Banking & Finance Program?
The minimum duration is 1.5 years and the maximum duration is 4 years.
4. Can the program be pursued with the current job?
MS Islamic Banking & Finance is an extensive program. Students manage their course work with their job, and it becomes a fruitful combination where several students especially belonging to Islamic financial industry could relate concepts, practical knowledge, and emerge as a pioneer in their fields.
5. Is there financial assistance available?
The program provides different types of financial assistance such as need-based scholarships from Ihsan trust. There are merit-based scholarships from Pak Qatar and Faysal Bank Islamic specifically for MS IBF students only.
6. I do not have a business education degree. Can I apply for the program?
Yes! Students with non-business education backgrounds can apply for the program.
7. Is there a minimum eligibility criterion for the program?
A minimum of 16 years of education /equivalent degree in any discipline from a local or foreign institute recognized by the HEC, with a minimum CGPA of 2.5 out of 4- OR 60% marks in their last degree.
8. I have cleared my GMAT/GRE international. Do I need to take the IBA test?
The following candidates are exempted from the IBA admission test: Minimum score of 650 in the Quantitative GRE General, 160 in Quantitative section of Revised GRE General, OR 600 score in GMAT.
9. I do not have any industry experience. Can I apply for the program?
Yes! Admission to MS in Islamic Banking and Finance does not require any prior industry experience.
10. How should I prepare for the admission test?
The admission test difficulty level is similar to GRE General or GMAT exam. The test has two components:
- English Composition (MCQs)
- Mathematics (MCQs)
11. What is the fee structure of the Program?
For the fee structure please visit the link: https://www.iba.edu.pk/fee-structure.php
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