Bachelor of Studies in Islamic Banking and Finance (BS IBF)
Program

List of Elective Courses

 

 

 

BS Degree Award Requirements

As per the National Curriculum Revision Committee (NCRC, Oct 2025) guidelines, students enrolled in the BS Islamic Banking & Finance (BS IBF) program at AGU are required to fulfill the following degree award requirements:

1. Credit Hours and Duration
   Students must successfully complete 133 credit hours over at least eight semesters, covering a minimum duration of four years.

 

2. Cumulative Grade Point Average (CGPA)
   At the completion of the degree program, students must have CGPA at least 2.00 on a 4.00 scale.

 

3. Internship / Field Experience Requirement

In accordance with HEC guidelines, students must complete a field experience or internship carrying three (3) credit hours as a mandatory component of the BS program.

1. • The internship shall have a duration of six (6) to eight (8) weeks, preferably undertaken during a semester break or summer.
   • The performance during the internship shall be formally evaluated by a faculty member in consultation with the field supervisor.
   • This requirement is non-substitutable and cannot be replaced with additional coursework, a capstone project, or any other academic activity.

 

4. Capstone Project Requirement
   A capstone project carrying three (3) credit hours shall also be a mandatory component of the BS program.

1. • The project must be supervised and graded by a faculty member following the protocols prescribed by Al-Ghazali University.
   • This requirement is non-substitutable and cannot be replaced with additional coursework or an internship.
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5. Mandatory Certification Requirement for BS Programs (HEC Policy)

As per HEC guidelines for BS programs within the thematic areas of Business and Management, each student is required to complete at least one relevant professional certification during the four-year degree program. This certification must meet the following criteria:

• The certification must be relevant to the field of business, management or Islamic banking and finance.
• The certification must consist of at least 16 hours of structured study to qualify as 1 credit hour.
• Students must complete a total of 3 credit hours’ worth of certification(s) for degree completion.
• The respective department will guide students in selecting suitable certifications based on:
  • current industry and market needs
  • program learning outcomes
  • institutional capacity and relevance

1. • Certifications may be completed in a single module or by combining multiple certifications that collectively meet the required hours.
   • The certification must be issued by a National or International body with established standards.
   • Department may accept credit hours for certification to provide exemption to the students -provided certain conditions – given in the NCRC’s notification No. HEC / CURR / GEN / 2025 / 8036- are duly met.

 

Lateral Entry Rules in BS Program

As per HEC guidelines (HEC/NCRC/Business/2025/8169), students holding Level 5 qualifications such as non-relevant associate degrees, BA, BSc, or B. Com, and seeking admission into BS Islamic Banking & Finance (BS IBF) program, will be required to complete a bridging semester comprising 15–18 credit hours. The specific academic deficiencies and corresponding bridging courses will be identified and determined by the department’s admission committee. Admission committee is required to propose courses from the following list to fulfill the said requirements to cover the required deficiencies for the BS Islamic Banking and Finance program according to the HEC guidelines.

 

However, no bridging semester will be required for those who have completed Associate degree in the same field. Apart from the first bridging semester, four semesters of this lateral entry group exactly coincided with last four semesters of 4 Years BS IBF Program. The required credit hour summary is given below.