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Bachelor of Science (Hons) in Islamic Finance

MAHSA University
Jenjarom, Selangor
According to World Bank, Islamic finance has emerged as an effective tool for financing development worldwide, including non-Muslim countries, Islamic finance is a fast growing segment of the financial industry in many parts of the world. It has registered double-digit growth rates in the past decade despite challenging circumstances globally. Its reach and influence has expanded beyond the traditional Islamic markets with increasingly strong footholds in banking, takaful and the capital market.

Since 2008, Islamic banking has been growing at an estimated annual rate of 10-15% in non-Muslim countries such as the USA, Britain and France, as an ethical and sustainable alternative to the conventional, profit-driven banking system. Year after year, there has been continuous expansion of total Islamic finance assets as well as a sophistication of products, together with an ever-growing number of countries, companies and institutions participating in the industry.

MAHSA Bachelor of Science Islamic Finance is a 3.5 years programme and is designed in consultation with the university partners. It aims to produce graduates in the field of Islamic Finance who are not only knowledgeable and skilful but as well as individuals who would demonstrate high level of integrity coupled with sound social and personal disposition that will be an asset to the organization that they can work with. Apart from that, there individuals will display leadership characteristics with aim of achieving the principles of Magasid al-Shariah.

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Course Summary

Intake

Jan, Apr, Aug

Course Fees (estimated)

RM 61,350

Course Duration

3.5 years

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  • Matriculation/Foundation : Pass with a minimum CGPA of 2.0 out of 4.0 and a pass in Mathematics at SPM level or its equivalent
  • STPM : Pass with TWO (2) full passes with a minimum CGPA of 2.0 out of 4.0 or its equivalent and a pass in Mathematics at SPM level or its equivalent
  • STAM : Pass with minimum grade of Jayyid and a pass in Mathematics at SPM level or its equivalent
  • A-Levels : Pass with minimum TWO (2) principles
  • IB : Pass with a minimum score of 24
  • UEC : Pass with minimum Grade B in any 5 subjects
  • SAM/AUSMAT/SACE : Pass in any 2 subjects with ATAR score of 50%
  • Canadian Pre-U/TEE : Pass with an aggregate of 50%
  • VCE/Ontario Secondary School Diploma : Pass
  • CIMP, Indian Pre-University, AP, Higher School Certificate Sydney Australia, Western Australian Curriculum Council, UNSW Foundation, HSC and New Zealand Bursary : Pass with 50% aggregate or CGPA 2.00
  • Diploma in MIF : Pass with a minimum CGPA of 2.50 out of 4.0 or equivalent (Candidates with CGPA below 2.5 but above 2.0 may be admitted subject to an internal assessment process)
  • Any other Diploma Pass with a minimum CGPA of 2.5 out of 4.0
  • Other Other relevant equivalent qualifications recognized by Malaysian Government
  • APEL Age 21 years & above and experience in related field
  • English Requirements (International) IELTS: 5.0, TOEFL PBT: 410-413, MUET: BAND 3
Application Fee - RM 500
Registration Fee - RM 2,400
Tuition Fee- RM 54,250
Total Yearly - RM 4,200
Total Fee - RM 61,350

2020 Scholarship - RM 2,750
2020 Fees - RM 58,600
PTPTN ( BSH ) - RM 47,600
Year 1 
  • Principles of Accounting IFAC 1113
  • Microeconomics IFEC 1123
  • Business Mathematics IFBM 1133
  • Business Statistics IFBS 1143
  • Syariah Islamiyyah ISF 1313
  • Principles of Fiqh Mua'malat ISF 1323
  • Principles of Finance 
  • Macroeconomics IFEC 1223
  • Islamic Finance ISF 1233
  • Islamic Economics ISF 1243
  • Human Resource Management IFHR 1333
  • Tarikh Tashri ISF 1253

Year 2 
  • Usul Company Law 
  • Money and Banking IFMB 2133
  • Basic Arabic for Muamalat 1 LANG 100
  • Fundamentals of Islamic Management IFMG 2213
  • Islamic Financial Service Legal Framework ISF 2223
  • Principles and Practices of Takaful ISF 2223
  • Accounting for Islamic Financial Transactions IFAC 2243
  • Basic Arabic for Muamalat 2 LANG 101
  • Professional Communication ANG 1002
  • Qawa'id Fiqhiyyah ISF 2313
  • Entrepreneurship from Islamic Perspective ISF 2323
  • Application of Fiqh Mu'amalat in Islamic Finance ISF 2333
  • Islamic Theology IFBM 2134

Year 3 
  • Marketing Management MKT 2013
  • Islamic Money and Payment System ISF 3113
  • Banking and Finance Information System ISF 3123
  • Auditing and Governance for Islamic Financial Institutions IFAC 3143
  • Investment Analysis IFFN 3213
  • Islamic Risk Management ISF 3253
  • Islamic Capital Market ISF 2253
  • Islamic Wealth Management ISF 3313
  • Waqf Management ISF 3323
  • Elective 1 
  • Elective 2


Year 4 
  • Practical Training IFPT 4116

GENERAL COURSES
  • Youth Development 
  • Community Project MPU 3412
  • Entrepreneurship

INTERNATIONAL STUDENTS
  • Malaysia Studies MPU 3173
  • Bahasa Melayu Komunikasi MPU 3213

LOCAL STUDENTS
  • Tamadun Islam & Tamadun Asia MPU 3123
  • Hubungan Etnik MPU 3113

Disclaimer: Course Information details may change from time to time. Please check with respective institutions to get updated information.
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