Petaling Jaya

Malaysia

Islamic Finance

Finance

<p>The MSc in Islamic Finance offers in-depth education in the key areas of Islamic economics, finance and Shariah from both the theoretical and applied aspects. The course modules will enable students to have a comprehensive understanding of the economic, financial and legal environment in which providers of Islamic financial services operate. The objective of the programme is to produce professionals equipped with expertise in both the conventional finance and Shariah.</p>

<p>Applicants are required to have a Bachelor&rsquo;s degree from a recognised institution of higher learning. English proficiency is also a must. Applicants must have one of the following: Malaysian University English Test (MUET) with band score 4. Test of English as Foreign Language (TOEFL) with a score pbt 550, ibt 79, cbt 213; OR International English Language Testing System (IELTS) with band score 6. Exception from English language competency can be given to those whose medium of study at entry level is English.</p>

Entry Requirements

<ul>
<li>INCEIF is the only university in the world dedicated to Islamic finance, and is part of Malaysia's initiative to promote education in Islamic finance for the domestic and international finance community.</li>
<li>Governed by a Governing Council, the curriculum at INCEIF is structured with inputs from Shariah scholars and industry players to bridge the gap between academic knowledge and industry experience.</li>
<li>As of 2014, INCEIF has established partnerships with various local finance organisations such as Prudential BSN Takaful Berhad and OCBC Al-Amin as well as international industries including World Bank, Islamic Development Bank and Islamic Financial Services Board.</li>
<li>At INCEIF, both students and staff play a critical role in uplifting the level of the institution, gathering some of the best minds in the field of Shariah, Islamic Finance, Islamic Banking, Islamic Economics, and even Econometrics.</li>
</ul>

INCEIF University​ Malaysia | International Centre for Education in Islamic Finance

International Centre for Education in Islamic Finance (INCEIF)

January

September

Master of Science in Islamic Finance

Banking and Finance

A master’s degree program is undertaken by those candidates who have successfully completed their graduation or bachelor degree programs after school. It is usually a two year program offering specialization to students in a particular discipline on its successful completion. 

Master

<div class="col-md-12 col-sm-12 col-xs-12 engineering-details-left-top"><p class="common-text">A master&rsquo;s degree program is undertaken by those candidates who have successfully completed their graduation or bachelor degree programs after school. It is usually a two year program offering specialization to students in a particular discipline on its successful completion.</p><h3 class="common-heading">Basics or Overview of Masters Degree</h3><h6 class="commom-heading"><b>Name of Course:</b>Masters Degree</h6><h6 class="commom-heading"><b>Duration of Course:</b> 2 years</h6><h6 class="commom-heading"><b>Eligibility:</b> Bachelor Degree</h6><p class="common-text">A master degree is a higher level educational qualification that is taken up to get advanced knowledge of your academics and industry. The master degree is very important qualification for all those students who wish to pursue teaching as a career option. If you have a dream of becoming a teacher or college lecturer, then it would be very important for you to pursue a masters qualification. A master&#39;s degree program is the gateway to several research oriented jobs available in the technical and scientific field these days. A Research Associate is required by almost all the companies these days to look after the research and development aspects of the concerned field.</p>&nbsp;<h3 class="common-heading">Branches/ Various Fields &amp; Eligibility/ Minimum Requirements:</h3><ul class="eligibility">	<li>	<ul>		<li>		<h6 class="common-heading">MA</h6>		<p class="common-text">MA or Master of Arts is the most common master degree program that the majority of students prefer to prepare themselves for the upcoming job market. It is also considered to be a better option as it gives students a knowledge of all such subjects that would help them to prepare for the top most competitive examinations conducted by the government for several vacancies available in the state.</p>		<p class="common-text"><b>Eligibility:</b> Applicants should have passed Bachelor of Arts (BA/ B.Sc./ B.Com) in relevant disciplines in order to enroll under the Master of Arts Programs.</p>		</li>		<li>		<h6 class="common-heading">M.Sc.</h6>		<p class="common-text">Master of Science course is pursued by those students who have completed their graduation in Science stream and willing to make a career in the Scientific fields. The course offers candidates a wide perspective on their chosen streams through both theoretical as well as practical training. The course incorporates the latest insight into the scientific world by way of its concepts and provides a strong base on the overview of the recent industry</p>		<p class="common-text"><b>Eligibility:</b>Students who have passed graduation in Science (B.Sc.) group of subjects will be eligible to apply for the Master of Science Course.</p>		</li>		<li>		<h6 class="common-heading">M.Com</h6>		<p class="common-text">Master of Commerce is the post graduation course offered to all the commerce graduates based upon their merits and marks obtained at the bachelor level. The course is considered to be very beneficial for all the students who wish to be a Manager, Accountant, Tax Inspector or Commissioner etc.</p>		<p class="common-text"><b>Eligibility:</b>The minimum eligibility requirement for getting eligible under the Master of Commerce Course is Bachelor of Commerce (B.Com) of three years&rsquo; duration passed from any recognized public or private university in Malaysia.</p>		</li>		<li>		<h6 class="common-heading">MCA</h6>		<p class="common-text">Master of Computer Applications (MCA) is the master level program offered by the Malaysian Universities to students who wish to make a career in the stream of Computers. The MCA course is taken up mostly by those students who have studied Mathematics and Computers in the intermediate or plus 2 level. The students can get employed in several specialized fields on account of their degrees in Computer Applications.</p>		<p class="common-text"><b>Eligibility:</b>The minimum eligibility requirement for the Master of Computer Application (MCA) course is BCA (Bachelor of Computer Application) passed from any recognized college or university in Malaysia.</p>		</li>		<li>		<h6 class="common-heading">MBA</h6>		<p class="common-text">MBA or Master of Business Administration is one such degree that is taken up by most of the students graduating from Science or Arts or Commerce or any such stream. The MBA is a degree course that offers sure shot employment to students pursuing it in several managerial streams under the recognized public or private banks, financial institution or commercial undertakings.</p>		<p class="common-text"><b>Eligibility:</b>Students who have successfully passed graduation in any discipline from a recognized private or public university or college may apply for the Master of Business Administration (MBA) Course.</p>		</li>	</ul>	</li></ul><h3 class="common-heading">Career Options</h3><p class="common-text">A master degree is very much in demand among the young graduates these days as it offers better employment options to them under different fields or industries. The degree at master level is also very much important as it opens the gateway to research and further higher education aspirations of students.</p><h3 class="common-heading">Interesting Facts</h3><ul class="eligibility">	<li>	<ul>		<li>		<p class="common-text">Universiti Putra Malaysia (UPM) and UniversitiTeknologi Malaysia are some of the top master degree program providers in Malaysia that have made it to the top 150 universities on the global rank listing.</p>		</li>	</ul>	</li></ul></div>

<p>The Masters in Islamic Finance Practice (MIFP) programme is a postgraduate course aimed at producing industry practitioners with global insight, holistic knowledge and cutting-edge expertise in Islamic Finance. The course modules cover a wide range of critical topics ranging from wealth management, banking and investment to financial services, ethics and governance. Students will obtain comprehensive and practical understanding of Islamic economics, finance and Shariah as well as the environment in which Islamic finance players operate.</p>

<p>A recognised Bachelor&rsquo;s Degree in Muamalat and Islamic Finance (MIF) or its equivalent with a minimum CGPA of 2.5 out of 4.0. Candidates without MIF Bachelor&rsquo;s Degrees may be admitted and will be required to take prerequisite courses in Islamic Economics, Quantitative Method, Shariah Aspects of Business and Financial &amp; Managerial Accounting to adequately prepare the students for their advance studies. Candidates with CGPA of below 2.5 but above 2.0 may be admitted subject to any additional assessment required and approval from INCEIF. Diploma/STPM/Matriculation/A-level holder or equivalent, aged 30 years and above, may apply by submitting the certificate of Accreditation of Prior Experiential Learning (APEL) from Malaysian Qualification Agency (MQA) (for Malaysian applicant only)</p>

June

Masters in Islamic Finance Practice (MIFP)

<p>PhD in Islamic Finance will enable candidates to develop the technical and intellectual ability needed to pursue research across a broad range of areas in Islamic finance. INCEIF&rsquo;s PhD programme is industry-driven but yet based on strong academic fundamentals.</p>

<p>Applicants are required to have a Masters degree or equivalent (with high distinction) from a recognised institution of higher learning. Demonstrate proficiency in Mathematics / Quantitative Analysis. Proficiency in spoken and written English is imperative for active participation during class and group discussions. If English is your second language, you must have one of the following: Malaysian University English Test (MUET) with band score 4. Test of English as Foreign Language (TOEFL) with a score pbt 550, ibt 79, cbt 213; OR International English Language Testing System (IELTS) with band score 6. Exception from English language competency can be given to those whose medium of study at entry level is English. For PhD by Research, additional requirements are: A minimum 5 years work experience in financial institutions; Submission of a research proposal (not exceeding 15 pages, double-spaced in Arial size 12).</p>

Doctor of Philosophy in Islamic Finance

A doctoral program is pursued to get the award of Doctorate in any discipline. The PhD Programs can be pursued to get eligible for the research and teaching positions available the universities and several academic institutions worldwide.

<div class="col-md-12 col-sm-12 col-xs-12 engineering-details-left-top"><p class="common-text">A doctoral program is pursued to get the award of Doctorate in any discipline. The PhD Programs can be pursued to get eligible for the research and teaching positions available the universities and several academic institutions worldwide.</p><h3 class="common-heading">Basic or Overview of PhD/ Doctorate</h3><h6 class="commom-heading"><b>Name of Course:</b>PhD</h6><h6 class="commom-heading"><b>Duration of Course:</b>3-6 years</h6> <h6 class="commom-heading"><b>Eligibility:</b> Master Degree </h6><p class="common-text">PhD or Doctorate Course is the most advanced degree course that offers doctorate to a person studying based on its completion. A doctoral course is, usually ofabout  3-6 years and depends upon the person pursuing it for its extension or reduction in the total number of years to study.  The doctoral degree programs can be taken up from any private or public university these days. The public or government funded universities would ask the students to sit for an entrance test in order to take admissions. On the contrary,  private university can offer you admissions simply based on your existing qualifications and other notable skills as may be relevant to the course. Any person who has a knack for deep understanding and perception of concepts should enroll under the course and take advantage of its career objectives. </p>&nbsp;<h3 class="common-heading">Branches/ Various Fields</h3><p class="common-text">A doctoral program can be taken up in any discipline by the student according to his/ her master level degree qualification. A student can also enroll under the integrated PhD Courses offered by many universities these days to easily get done with their M.Phil and PhD at the same time. The various fields under which students can make a career after completing their PhD are – Research & Development Department of any Industrial Undertaking; Lecturer/ Professor in any academic institution; Research Assistant/ Research Fellow/ Research Associate in any commercial or academic institutions under any ongoing research project taken up by the concerned institute.</p><h3 class="common-heading">Eligibility/ Minimum Requirements</h3><p class="common-text">The minimum eligibility required for enrolling in the doctoral or PhD Program is masters degree passed in the concerned discipline from any recognized university or college. </p><h3 class="common-heading">Career Options after PhD</h3><p class="common-text">A person who has successfully completed here doctoral degree can apply for several career opportunities such as –University Lecturer or Professor, Research Scholar, Research Assistant, Research Associate, etc. In Malaysia, there are a number of private universities that can offer you international programs for doctorate at a very economical price and without any hassles of moving abroad for studying it.</p><h3 class="common-heading">Some interested facts</h3><ul class="eligibility">		<ul>		<li>		<p class="common-text">&bull;Having English proficiency has become one of the most important factors for rejection in job interviews, consequently Malaysian Universities and Colleges have started language training courses as a compulsory part of their curriculum.</p>		</li>		<li>		<p class="common-text">&bull;Malaysia is the first choice for about 9,000 Nigerian students to pursue higher education.</p>		</li>	</ul></ul></div>

<p>Professional Certificate in Islamic Finance (PCIF) programme is developed to cater for industry professionals who wish to gain knowledge in certain areas of practice, in concise yet thorough curriculums. You will have the opportunity to choose from one of the four specialisations offered by our PCIF programme, which are:&nbsp;</p>
<ul>
<li>Islamic Capital Market</li>
<li>Shariah for Islamic Finance</li>
<li>Islamic Banking; and</li>
<li>Islamic Wealth Management</li>
</ul>

<p>Entry requirements for the professional certificates are as follows:A recognised Bachelor Degree in Muamalat, Islamic Finance or Finance or its equivalent with minimum CGPA of 2.5 with minimum one (1) year working experience; or Diploma/STPM/Matriculation/A-Levels certification (or the equivalent qualifications) with minimum five (5) years relevant working experience; must be aged over 35 years old on the 1st January of the application year.</p>

Professional Certificate in Islamic Finance (PCIF)

A diploma course is a one year or 6 month program that provides students with a necessary skill to get entry into industrial work under a specific field of study.

Professional Qualification

<div class="col-md-12 col-sm-12 col-xs-12 engineering-details-left-top"><p class="common-text">A diploma course is a one year or 6 month program that provides students with a necessary skill to get entry into industrial work under a specific field of study.</p><h3 class="common-heading">Basics or Overview of Diploma Program</h3><p class="common-text">A diploma program is a short term course that provides useful skills and knowledge to the students pursuing it in a particular stream. A diploma program is easily available in almost all the private colleges and institutions now. There are a number of options after diploma in a particular field. It may either land you in a technical job or a job that is according to the standard skills and knowledge requirements that a diploma course normally provides. Diploma in Computer Operations is required these days by almost any organization involved with a large amount of Computer Work. Similarly, a diploma is basically a practical course that aims at making the students skilled in their particular fields on its successful completion.</p>&nbsp;<h3 class="common-heading">Fields of Diploma Study</h3><p class="common-text">A diploma course can be availed by the students in a number of disciplines and vocational streams such as &ndash;Industrial Automation, Hotel Management, Accountancy, Food &amp; Beverage, Computer Networking, Motorsport Technology, Digital Photography, Fashion Entrepreneurship, Graphic Design, Interior Architecture and Early Childhood Education etc.</p><h3 class="common-heading">Eligibility/ Minimum Requirements</h3><p class="common-text">Students can apply for a diploma course, if they possess the minimum eligibility for admissions, i.e. intermediate or 10+2 or PUC passed from any recognized state boards of Malaysia. There will be no bar on the age limit of applicants for the diploma programs offered by the Malaysian Universities and colleges.</p>&nbsp;<h3 class="common-heading">Career Options</h3><p class="common-text">The candidates who successfully complete their diploma program from a well known Malaysian University or private college will be ready to get hired by any company locally or remotely operating in Asian Market. The students can start their higher education with a diploma course from a well known Malaysian Private University and move on one step ahead in the job market. A candidate who has successfully completed a diploma in networking will get ample of job opportunities in the Data Networking and Computer Operations consequently.</p><h3 class="common-heading">Interesting Facts</h3><ul class="eligibility">	<li>	<ul>		<li>		<p class="common-text">&bull; Diploma education in Malaysia is growing in popularity as the amount of enrollments increase each year because the students can make a direct entry into a college or university based on their language proficiency test.</p>		</li>		<li>		<p class="common-text">&bull; Malaysia is well known for its twining programs whereby candidates can enroll in &lsquo;2+1&rsquo; undergraduate courses.</p>		</li>	</ul>	</li></ul></div>

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International Centre for Education in Islamic Finance (INCEIF)

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International Centre for Education in Islamic Finance (INCEIF) Courses & Fees

Master of Science in Islamic Finance

RM 27,300 / starting

Masters in Islamic Finance Practice (MIFP)

RM 28,500 / starting

Doctor of Philosophy in Islamic Finance

RM 52,000 / starting

Professional Certificate in Islamic Finance (PCIF)

RM 3,048 / starting

International Centre for Education in Islamic Finance (INCEIF)- Accommodation & Facilities

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