PhD Islamic Banking and Finance

Having a running business by the time you graduate

Overview Program Structure Admission Criteria

Pre-requisite Courses

The participants will have to go through a combination of designated pre-requisite courses, as decided by the Committee of IIB, for individual academic preparedness.

Scheme of Studies

In one year, i.e., within the first two to three semesters of the program, participants are expected to complete the course work of 18 credit hours (4 Core courses and 2 from Electives) and then carry out research and produce their Ph. D thesis for 27 credit hours after successfully passing the comprehensive exam.

Core courses

  • Advanced Techniques in Qualitative Research
  • Advanced Techniques in Quantitative Research
  • Islamic Jurisprudence: Ijtehad and Maqasid al Shariah
  • Islamic Financial Instruments (Designing and Pricing)

Elective courses (Any 02)

  • AAOIFI and IFSB: Accounting, Auditing and Governance Standards
  • Economic Policy and Analysis of Islamic Banking and Finance
  • Current Issues in Islamic Banking and Finance
  • Islamic Investment and Fund Management
  • Islamic Financial Reporting and Structuring
  • Islamic Microfinance
  • Seminars in Islamic Banking and Finance
  • Takaful Operations
  • Global Capital Market – A Critical Survey

Note: Non-credit but compulsory language deficiency courses will also be offered as per the decision of Interview committee.

Seminars and Workshops

In each course offered, the last 5 sessions will be in the form of workshops and seminars with guest speakers/experts in the relevant field.

Comprehensive Examination

Comprehensive Examination and other procedures for the appointment of examiners, evaluation of the thesis, etc. would be as per Handbook for Advanced Studies of UMT.