New Program Structure

The MS-IBF Program has been revamped to meet industry needs and the HEC guidelines. The program now consists of 42-credit hours to be completed in minimum duration of 1.5 years and maximum 4 years. Students will be required to take 9 core courses of 3 credit hours each, along with 3 electives and MS thesis/alternative coursework/research project. The new program structure will be implemented from Fall 2020 and the following core and elective courses shall be part of it.

Required Courses for MS Islamic Banking and Finance (w.e.f. Fall 2020)
   

Course

Credit Hours

A

Core Courses

9

27

B

Elective Courses

3

9

C

Thesis

1

6
 

Total Credit Hours

13

42

 

The students of MS-Islamic Banking and Finance shall take the following core courses from Fall 2020:

Core Courses for MS Islamic Banking and Finance (w.e.f. Fall 2020)

1

Islamic Jurisprudence

    

2

Islamic Finance

    

3

Accounting and Auditing in Islamic Finance

    

4

Islamic Capital Markets

    

5

Islamic Economics

    

6

Financial Management

    

7

Research Methodology in Economics and Finance

    

8

Business Economics

    

9

Corporate Finance

    

 

The students of MS-Islamic Banking and Finance shall opt for any 3 of the following elective courses from Fall 2020:

Electives for MS-Islamic Banking and Finance (w.e.f. Fall 2020)

1

Islamic Law of contracts

2

Islamic Partnership Corporate and Securities Law

3

Islamic Wealth Planning and Management

4

Islamic Portfolio Management

5

Financial Services Marketing

6

Shariah Issues in Islamic Finance

7

Commercial Law and Legal Documentation for Islamic

8

Islamic Treasury operations

9

Islamic Entrepreneurship

10

International Finance

11

Advanced Econometrics

12

Ethics and Corporate Governance

13

Risk Management for Islamic Financial

14

Investment Banking and Structuring Financial Requirements

15

Islamic Insurance (Takaful)

The following options are valid for students of the IBA MS Islamic Banking and Finance program:

  • Complete 6 Credit Hours of Master’s Thesis,
  •                          OR
  • Complete 1 additional elective course and an M.S. research project  in place of M.S. thesis. The grade on M.S. thesis and M.S. research project would be pass/fail and will not be counted in the CGPA

Semester-wise Distribution of Courses for MS-IBF Program (w.e.f. Fall 2020)

 S.No

Semester - 1 (Fall)

Course Code

Credit Hours

Pre-requisite

1

Business Economics

ECO509

3

-

2

Research Methodology in Economics and Finance

ECO536

3

-

3

Islamic Jurisprudence

FIN508

3

-

4

Financial Management

FIN510

3

-

 S.No

Semester - 2 (Spring)

Course Code

Credit Hours

Pre-requisite

1

Islamic Economics

ECO510

3

-

2

Islamic Finance

-

3

FIN508

3

Corporate Finance

FIN513

3

FIN510

4

Elective I

-

3

-

 S.No

Semester - 3 (Fall)

Course Code

Credit Hours

Pre-requisite

1

Accounting and Auditing in Islamic Finance

-

3

FIN508

2

Islamic Capital Markets

FIN511

3

-

3

Elective II

-

3

-

4

Elective III

-

3

  

 S.No

Semester - 4 (Spring)

Course Code

Credit Hours

Pre-requisite

1

Research thesis

-

6

ECO536

Note: The batches taken in 2017, 2018 and 2019 will complete 57 credit hours. All the batches will have option to complete their thesis of 9 credit hours or complete two courses with project paper.