Master of Islamic Banking and Finance


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)


Course CodeCourse NameCredits
MSBF 6100Fundamentals of Islamic Financial Regulations3 Credits
MSBF 6101Oman/AGCC Islamic Economy3 Credits
MSBF 6102Islamic Banking3 Credits
MSBF 6103Islamic Accounting and Financial Reporting3 Credits
MSBF 6104Advanced Research Methods3 Credits
MSBF 6106Advanced Financial Management,3 Credits


Course CodeCourse NameCredits
MSBF 6105Strategic Analysis on Islamic Financial Institutions3 Credits
MSBF 6107Fund Management in Islamic Institutions3 Credits
MSBF 6108Islamic Portfolio Management3 Credits
MSBF 6109Current Issues in Global Economics3 Credits
MSBE 6110Derivatives & Financial Risk Management3 Credits
MSBE 6111Special Topics in Islamic Banking3 Credits
MSBE 6112Human Resource Management in Service Sector3 Credits
MSBE 6113Oman Banking Regulations and Law3 Credits
MSBE 6114Decision Support & Executive Information Systems3 Credits


Course CodeCourse NameCredits
MSBF 6900Research Paper6 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:

  1. Islamic Banking Officer/Executive
  2. Islamic Finance Consultant
  3. Shariah Compliance Officer
  4. Investment Analyst/Manager in Islamic Funds
  5. Risk Analyst/Manager in Islamic Banks
  6. Treasury Manager in Islamic Financial Institutions
  7. Financial Planner specializing in Islamic Finance
  8. Researcher/Professor in Islamic Finance
Ready to take the next step?


Required English Prerequisites

Department Contact

Contact Program Chair Dr. Rene Paquibut for more information.