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SPM 2017 REVISION GUIDE

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Your guide to studying Islamic Finance in Malaysia

Course Duration

2.5 - 3 Years

Average Fees

MYR 25,000 - 55,000

Average Salary

MYR 35,000 - 150,000

Job Demand

What is Islamic Finance?

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.

Did you know that same 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.

Islamic finance is all about sharing risk between financial institutions and the individuals that use them. To do that, the two parties are tied...

Did you know that same 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.

Islamic finance is all about sharing risk between financial institutions and the individuals that use them. To do that, the two parties are tied into a longer-term relationship with each other that is supposed to shift incentives and avoid cut and run financial deals.  Financial trading is off-limits for things that are forbidden (alcohol, tobacco, non-halal meat products, pornography or gambling companies)

 

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What you need to get on a Islamic Finance course?

Degree in Islamic Finance

Pass Matriculation : Pass Matriculation under the Ministry of Education with at least a CGPA of 2.00 or equivalent

Diploma : Possess a Diploma (minimum CGPA of 2.00) or any other qualification recognised by the Malaysian Government

UMCCED Executive Diploma : Pass UMCCED Executive Diploma or equivalent with a CGPA of 3.00 (*subject to conditions)

STPM : Pass STPM with at least Grade C (CGPA 2.00) in two (2) subjects or equivalent

UEC : Pass UEC with minimum of Grade B in at least five (5) subjects

PTPTN : Minimum three (3) credits in SPM are required for PTPTN application

IUMW English : Must sit for IUMW English Placement Test

How does your education pathway look like?

What skills do you need for a Islamic Finance course?

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.

Employers

Islamic finance is not a sector but an approach. In actual fact an Islamic finance role can cover a range of sectors within financial services, including retail banking, corporate banking, private banking, investment banking, insurance and asset management.

Where can you study Islamic Finance in Malaysia?

For a start, here are some of the most popular Islamic Finance schools in Malaysia.

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Institutions offering courses in Islamic Finance