Study Islamic Finance in Malaysia

Course Duration:

3 - 4 Years

Average Salary:

MYR 2,000 - 3,000

Average Fees:

RM 50,000 - 70,000

Job Demand:

What is Islamic Finance?

The study of Islamic Finance is a financial system that is adherent to Islamic laws including the type of investment schemes and lending institutions that are permissible in the Muslim world in Malaysia.

Did you know that some banks actually share the risks of repayment of a mortgage with an individual? Did you know these banks also issue bonds where both parties will owe the debt? No, this isn’t a made-up fantasy, but it’s the world of Islamic Finance and anyone could do it, no matter what race or religion. Read on as we unravel how you can make an impact in Malaysia by studying Islamic Finance.

What makes Islamic Finance different from traditional Finance is the unique

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What are the subjects you will study in a Islamic Finance course ?

Future employees in the accounting and finance field with expertise in risk and compliance are in high demand as there is a constant competition amongst graduates in the job market.

Mathematics

English

Accounting

Business Finance

Financial Accounting Framework

Management Principles

Why should you study Islamic Finance?

Future employees in the Accounting and Finance field with expertise in risk and compliance are in high demand as there is a constant competition amongst graduates in the job market.

With so many degree options out there, here are some top reasons why you should study Islamic Finance:

Fast and steady growth:

The Islamic Financing industry is fast expanding to be a conventional industry, leaving banks that do not provide this service, behind. This is why having a degree in Islamic Finance will prove to be useful when applying for jobs in the future.

Share different worldviews

This course is not limited to Muslim students only. Non-Muslims are also encouraged to take up this course to better understand the difference between Traditional Finance and Islamic Finance and how it all works.

Improve problem solving skills

A degree in Islamic Finance will train your problem solving skills as you will come across various challenges, thus helping you to critically analyse the issue and determine the best financial solution.

What are industry experts saying about Islamic Finance?

What are the entry requirements for an Islamic Finance course?

Pre University in Islamic Finance

SPM :

5 credits with at least grade B in English

Degree in Islamic Finance

Matriculation :

Pass Matriculation with at least a CGPA of 2.00 or equivalent

Diploma :

Minimum CGPA of 2.00

Executive Diploma :

Pass UMCCED Executive Diploma or equivalent with a CGPA of 3.00

STPM :

Grade C (CGPA 2.00) in two (2) subjects or equivalent

UEC :

Minimum of Grade B in at least five (5) subjects

International Students :

  • Pass A-Levels with 2 principal passes or equivalent, recognised by the Malaysian Government; AND
  • Pass IELTS with a minimum of Band 5, or TOEFL with a minimum score of 550; OR
  • Pass UMCCED English Language Proficiency Programme at Level 6 or equivalent

Important Note: If you opt to study a Diploma in Islamic Finance and continue your degree at the same institution, you will most likely get a one-year exemption. This means that you can enter degree year 2 after diploma..

How does your education pathway look like?

Completing a degree in Finance Management will be sufficient when applying for jobs. To advance your career and climb the corporate ladder, you should be registered as a qualified financial planner.

What skills do you need for a course in Islamic Finance?

Morally upright

People who are morally upright know the difference between right and wrong. While many people nowadays prioritize making money, at any cost, people who are morally upright want to earn honest money while still conveying the morals they were taught by their respective religions. They are compassionate with the people who are in trouble instead of preying on them.

Good with numbers

You’re the one who everyone wanted to ‘borrow’ add maths homework from, back in school (But of course you said no, because that wouldn’t be right!) While everyone else struggled with maths as they fumbled with fingers all out, slowly curving one by one into their palm, you already finished all the sums, checked the answer (A formality) and packed your bag to head home.

What career options do you have with an Islamic Finance degree?

Who are all the top recruiters in Malaysia?

Below are a few of the top Islamic Finance firms in Malaysia.

Where can you study Islamic Finance in Malaysia?

Do note that all courses should be accredited by the Malaysian Qualifications Agency (MQA). Click here to check if the course you choose is accredited. For a start, here are some of the most popular Islamic Finance schools in Malaysia.

Top Universities/Colleges to study
Islamic Finance courses

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Keen to study Islamic Finance? We are eager to help you with the various insights about the course. Fill out details below for you FREE consultation with our experts.

Top Universities/Colleges to study Islamic Finance courses

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MSU - Management & Science University

Shah Alam

3 Courses  
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INCEIF - International Centre for Education in Islamic Finance

Petaling Jaya

4 Courses  
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