MBA in Islamic Banking and Finance (Online)

Program Type

Program Type: MBA

School / Institute

School of Global Economics and Development

Study Mode

Online + Full Time and Part Time

Overview

It is remarkable that EUCLID’s online MBA in Islamic Finance program was developed as a Joint Initiative between EUCLID (an intergovernmental treaty-based institution) and ICCI (now ICCIA, the Islamic Chamber of Commerce, Industry and Agriculture), in 2008.

It is at the convergence of EUCLID’s expertise in global governance, international civil service and interfaith studies. This MBA begins with a strong and award winning (see MBASD) MBA core and continues with advanced courses in both Islamic economics and finance.

It is the only online graduate program in this important field of academic study and professional practice organized by an international intergovernmental organization and officially used by active civil servants over 4 continents. In this regards, it is an excellent choice for both Muslim and non-Muslim students alike.

Academic Presentation

This specialized MBA represents a minimum of 36 credits (“ICH” as used in North America) but often reaches 40 or 42 credits (equivalent to 120 ECTS) for students who wish to also do a thesis as part of their course of studies. The thesis is often a proof of concept for professional application or further studies at the doctoral level.

Among the suggested areas of focus are:

Islamic Banking Sustainable Development Goals
Islamic Finance in Africa
Islamic Microfinance
Alternative Banking Models

EUCLID = ISLAMIC FINANCE IN PRACTICE

Photo above: EUCLID’s Secretary-General Syed Zahid Ali with the President of the Islamic Development Bank (2008). EUCLID became an IsDB Partner in 2014.

MORE INFORMATION:

Admissions Checklist
Scholarship Programs
Admissions Group
Tuition and Fees
Why choose EUCLID?
Faculty Profiles
Alumni Profiles

Requirements

Applicants should have a relevant Bachelor’s degree issued by an institution listed in the UNESCO-IAU handbook/database or otherwise duly recognized/accredited. Similar or related backgrounds with adequate professional experience may be considered for Government-sponsored applicants (who are already government staff) who may be admitted without the required educational credential if their level of education and experience is deemed sufficient. EUCLID may require these participants to complete bridge courses prior to enrolling in the program. Fluency in English (spoken and written) is required and will be tested. Students are expected to be in a position to dedicate 10 to 15 effective hours of study on a weekly basis.

Program Outline

PRIMARY COURSES
Code	Course Name	USCH
ACA-401	International Academic and Professional Paper Writing	2
BCOM-252	Writing and Speaking at Work	1
MBA-ECO	Economics Module	5
MBA-MGMT	MBA Core (MBA Essentials with Fundamentals of Management)	5
IFB-01	Introduction to Banking, International Banking and Finance	4
QFIN-401	Quantitative Finance (A)	3
ISL-01	Overview of Islam, Islamic Law (Shar'iah) and the Islamic World	4
ISL-ECO	Islamic Economics	3
ISF-440	Foundations and Principles of Islamic Finance	3
ISF-500	Advanced Studies in Islamic Finance: 1	3
ISF-550	Advanced Studies in Islamic Finance: 2	3
IFPL	Business Profit and Loss (P&L) Assessment	3
	Total Credit Hours (USCH):	39

Employment Outlook

The EUCLID MBAIF and DIFE provide outstanding professional and academic preparation to its students for a successful career in Islamic finance at the international, regional, national and local levels. Outlook includes managerial positions in education, banking, and economic policy. There is also an increasing demand for experts in Islamic finance and economics in non-Muslim countries and institutions, and one does not have to be a Muslim to study Islamic finance. EUCLID alumni have been successful in securing employment and promotions in government service and international organizations, including at the level of ambassador and minister.

Why Study @ EUCLID?

EUCLID is the only intergovernmental, treaty-based university with a UN registered charter and recognized expertise in diplomacy. Join the alma mater of ambassadors and senior officials globally.

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The EUCLID School of Global Business and Development