Introduction to
Islamic Banking & Finance
BS in Islamic Banking and Finance is a 04 year under graduate degree offered by the Department of Business Administration. The program is designed to acquit students with the knowledge about the fundamentals of Islamic Banking and provides the students with the opportunity to become a good Islamic financial knowledge bearer to cater the ever-growing trends of Shariah, Economics, Finance, Accounting, Legal Shariah and Social Issues.
Learning Outcomes
- Discuss the modes of Islamic Economics, Finance and Banking system with methods that differentiate from conventional base application.
- Explain the profit & loss sharing in the transitions or projects with the Islamic applications, methods and practices.
- Use the correct form of language for the system which gives the accurate understanding of the Islamic Economics, Finance and Banking system at academic level.
- Assess the policies regarding restrictions and permissions in the Islamic Economics, Finance and Banking
- Provide awareness about prohibited acts in the monetary dealing that makes the system transparent and viable of socio-economic line of the community.
Job Market
The scope of Islamic banking and finance has expanded rapidly over the years, and it now encompasses various areas of the economy, including:
- Banking: Islamic banking is an integral part of the scope of Islamic finance. It refers to a system of banking that operates in compliance with Islamic principles and values, such as prohibition of interest-based transactions (riba), excessive uncertainty (gharar), and speculative trading (maysir). Islamic banks offer a wide range of products and services, including savings accounts, current accounts, financing, and investment accounts.
- Investments: Islamic finance provides various investment opportunities that comply with Islamic principles and values. These investments include equity investments, real estate investments, and Islamic bonds. Islamic investment funds are also gaining popularity, offering investors a range of investment options that comply with Islamic principles.
- Insurance: Takaful is an Islamic alternative to conventional insurance that operates in accordance with Islamic principles and values. Takaful is based on the principle of mutual assistance, where participants pool their resources to provide protection against loss or damage.
- Capital markets: Islamic finance has also entered the capital markets with the introduction of Islamic investment products such as Islamic bonds. The Islamic capital market is growing rapidly, and it provides investors with a range of investment options that comply with Islamic principles.
- Social Responsibility: Islamic finance emphasizes social responsibility and ethical behavior in financial transactions. Islamic finance institutions are encouraged to promote social welfare, and they are required to avoid transactions that are harmful to society and the environment. Overall, the scope of a degree in Islamic banking and finance is vast. As the global Islamic finance industry continues to grow, the scope of Islamic banking and finance is expected to expand further in the coming years.
Curriculum
- M1 (Functional English)
- M2 (Introduction to Information and Communications Technology)
- M3 (Sociology)
- Fundamentals of Management
- CO1
- M4 (Communication Skills)
- M5 (Pak + Islamic Studies)
- M6 (Personal Development)
- Micro Economics
- Fundamentals of Marketing
- CO2
- M7 (World Literature)
- M8 (Ethics & Social Responsibility)
- Macroeconomics
- Financial Accounting Principles
- CO3
- CO4
- M9 (Academic & Professional Writing)
- M10 (World History)
- Principles of Finance
- Business Statistics/Probability and Statistics
- Islamic Jurisprudence
- CO5
- M11 (Intro to Entrepreneurship)
- M12 (Intro to Philosophy & Critical Thinking)
- Organizational Behaviour
- Cost and Management Accounting
- CO6
- CO7
- Research Methods & Skills
- Business Law and Taxation (Business Taxation and Public Finance)
- Data Analytics/Business Analytics
- Corporate Finance
- Islamic Law of Contracts
- CO8
- Islamic Banking and Finance
- Money, Banking and finance
- Financial Modeling
- Portfolio Management
- Project I / Elective I
- Islamic Financial Trade products and Structuring
- Risk Management for IFIs
- Takaful Operations
- Project II / Elective II
Campuses Offering