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Bachelors of Islamic Banking & Finance


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

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:
  1. 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.
  2. 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.
  3. 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.
  1. 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.
  2. 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.
  3. 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.


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