Master of Studies in Islamic Banking and Finance
Program

Program Overview

Eligibility Criteria

A candidate satisfying anyone of the following criteria is eligible to apply for admission in MS IB&F at AGU. 

2. An undergraduate degree, involving 16 years of education in Islamic Finance / Islamic Banking and Finance / Islamic Economics from any degree awarding institution, national or international, with a passing score of at least 50% in annual system and 2.00/4.00 CGPA in semester system.
3. Candidates having an undergraduate degree (involving 16 years of education) in any field under the broad category of business and management listed in the ISCED-2013 UNESCO classification – intradisciplinary qualifications – are also allowed, provided,

(a): they have passed that degree with a passing score of at least 50% in annual system and 2.00/4.00 CGPA in semester system, and

(b): they undertake deficiency courses of 6 to 9 credit hours after admission. The quantum of deficiency will be determined by the Admission Committee. Approved list of deficiency courses for students enrolled under this category (i.e., intradisciplinary change) in MS IB&F is given below.

2. Other candidates having 16-years education but not complying with (a) and (b) above), will be required to undertake deficiency courses of up to 30 credits (10 Courses), provided they have passed such degree with a passing score of at least 50% in annual system and 2.00/4.00 CGPA in semester system. The Admission Committee will determine the quantum of deficiency and the courses a candidate needs to take other than MS IB&F courses on a case-by-case basis. Admission committee may select courses from the following list; however, this list is neither mandatory nor exhaustive, so admission committee may suggest courses not mentioned here.
3. Business Mathematics
4. Elementary Statistics
5. Principles of Accounting
6. Financial Accounting
7. Micro Economics
8. Macro Economics
9. Business Finance
10. Principles of Management
11. Principles of Marketing
12. Marketing Management
13. Human Resource Management
14. Organizational Behavior
15. Entrepreneurship
16. Business Communication
17. Usool Al-Fiqh
18. Fundamentals of Fiq Al-Muamlaat

All equivalency claims will be evaluated by HEC. Candidates are required to obtain the necessary equivalence certificates on their own from the relevant authorities. Foreign degrees’ equivalency must also be acquired by students directly from HEC and/or relevant authorities.

Admission Criteria

To secure their admission to MS IB&F at AGU, applicants are required to pass “Al-Ghazali’s Standard Aptitude Test for MS IB&F” with a passing score of at least 50%. We also accept the GRE / HAT General tests with a minimum passing score of 50%.

Program Structure

Program Structure for MS IB&F is given below:

*Fehm-e-Quran form Muslim students while “Ethics in Business” for Non-Muslim Students as approved by the statutory bodies.

 Thesis Requirement (6 Credit Hours)

The MS program can be completed through a research-based thesis that demonstrates the student’s ability to conduct independent scholarly inquiry under faculty supervision. The project must contribute to the existing body of knowledge in the field, and typically includes a research proposal, literature review, methodology, data analysis, results, and discussion. A successful thesis defense and evaluation are required for graduation. However, if students wish to complete the MS program solely through coursework, they may undertake 2 additional domain- specific courses of 6 credit hours.