Master of Islamic Banking and Finance

Overview

The Master of Islamic Banking and Finance is a postgraduate degree program designed to provide comprehensive knowledge and skills in the field of Islamic banking and finance.

This program is specifically tailored to meet the growing demand for professionals who are well-versed in the principles and practices of Islamic finance.

The program aims to equip students with a deep understanding of the Islamic financial system, its underlying principles, and its practical applications.

It covers a wide range of subjects, including Islamic economics, Islamic law (Shariah), Islamic banking operations, Islamic capital markets, risk management in Islamic finance, and financial planning in accordance with Islamic principles.

It equips graduates with a strong foundation to contribute to the development and expansion of Islamic banking and finance globally.

Admission Criteria

A recognized general education diploma or its equivalent
Students joining MCBS must go through an English placement test to determine the appropriate English level
Students presenting a valid score of 5-5.5 in IELTS or 65-79 in internet based TOEFL (iBT) are exempted from the English program
Students will need to go through Mathematics and IT placements tests to determine their levels of proficiency in these subjects as they are part of the GFP or possible exemption
Mathematics placements tests will determine whether Basic Mathematics (MATH 10) and Pure Mathematics (MATH 21) can be exempted, or students will be given both or one of them
IT placement test will determine whether students will require to take the Information Technology foundation course (COSC 10)

Program Structure

(Total: 42 Credits)

CORE COURSE (18 CREDITS)

Course Code	Course Name	Credits
MSBF 6100	Fundamentals of Islamic Financial Regulations	3 Credits
MSBF 6101	Oman/AGCC Islamic Economy	3 Credits
MSBF 6102	Islamic Banking	3 Credits
MSBF 6103	Islamic Accounting and Financial Reporting	3 Credits
MSBF 6104	Advanced Research Methods	3 Credits
MSBF 6106	Advanced Financial Management,	3 Credits

ELECTIVE COURSES (18 CREDITS) – Any 6 courses

Course Code	Course Name	Credits
MSBF 6105	Strategic Analysis on Islamic Financial Institutions	3 Credits
MSBF 6107	Fund Management in Islamic Institutions	3 Credits
MSBF 6108	Islamic Portfolio Management	3 Credits
MSBF 6109	Current Issues in Global Economics	3 Credits
MSBE 6110	Derivatives & Financial Risk Management	3 Credits
MSBE 6111	Special Topics in Islamic Banking	3 Credits
MSBE 6112	Human Resource Management in Service Sector	3 Credits
MSBE 6113	Oman Banking Regulations and Law	3 Credits
MSBE 6114	Decision Support & Executive Information Systems	3 Credits

RESEARCH PAPER (6 CREDITS)

Course Code	Course Name	Credits
MSBF 6900	Research Paper	6 Credits

Career Opportunities

Graduates of the Master of Islamic Banking and Finance program can pursue a wide range of career opportunities in both Islamic financial institutions and conventional banks with Islamic finance divisions. Possible career paths include:

Islamic Banking Officer/Executive
Islamic Finance Consultant
Shariah Compliance Officer
Investment Analyst/Manager in Islamic Funds
Risk Analyst/Manager in Islamic Banks
Treasury Manager in Islamic Financial Institutions
Financial Planner specializing in Islamic Finance
Researcher/Professor in Islamic Finance

Ready to take the next step?

Info

Duration: 4 years full-time

Semester Starts: Fall, Spring, and Summer

Fee: 11,508 OMR

Required English Prerequisites

IELTS (academic): 6.0 (with no band less than 6.0)

TOEFL (internet) min overall score 60

MCBS Placement Test

Applicants who do not have official IELTS or TOEFL scores are required to take MCBS English Placement Test.

Students will need to go through Mathematics and IT placement tests to determine their levels of proficiency in these subjects as they are part of the GFP or possible exemption.

Department Contact

Contact Program Chair Dr. Rene Paquibut for more information.