PROGRAMME OVERVIEW
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 year 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 skillful but also 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 work with. Apart from that, these graduates will display leadership characteristics with aim of achieving the principles of Magasid al-Shariah.
Programme Structure
| YEAR | SUBJECT | SUBJECT CODE |
|---|---|---|
| 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 | |
| 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 | |
| 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 | ||
| 4 | Practical Training | IFPT 4116 |
GENERAL COURSES
| SUBJECT | SUBJECT CODE |
|---|---|
| Youth Development | |
| Community Project | MPU 3412 |
| Entrepreneurship |
INTERNATIONAL STUDENTS
| SUBJECT | SUBJECT CODE |
|---|---|
| Malaysia Studies | MPU 3173 |
| Bahasa Melayu Komunikasi | MPU 3213 |
LOCAL STUDENTS
| SUBJECT | SUBJECT CODE |
|---|---|
| Tamadun Islam & Tamadun Asia | MPU 3123 |
| Hubungan Etnik | MPU 3113 |
Entry Requirement
| ACADEMIC QUALIFICATION | REQUIREMENTS |
|---|---|
| Matriculation / Foundation | Pass with a minimum CGPA of 2.0 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 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 points. |
| 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 DBA | Pass with a minimum CGPA of 2.00 or equivalent (Candidates with CGPA below 2.0 but above 2.0 may be admitted subject to an internal assessment process) |
| Any other Diploma | Pass with a minimum CGPA of 2.0 |
| Other | Other relevant equivalent qualifications recognised by Malaysian Government |
| APEL | Age 21 years & above and experience in related field |
| English Requirements | INTERNATIONAL – IELTS: 5.5 TOEFL PBT: 410 – 413 MUET: BAND 3 |
Why Study at MAHSA
- Develop Entrepreneurial Competency
- Focus on Functional Work Skills
- Dynamic and Innovative Teaching Approach
- Industry Relevant Curriculum
- Strong Industrial Linkages
- Students from 56 Different Nationalities
Career Prospects
- Banker
- Islamic Financial Analyst
- Islamic Personal Financial Advisor
- Shariah Auditor
- Loan Officer
- Investor Relations Associate
- Islamic Financial Planner
- Islamic Estate Planner
- Islamic Unit Trust Planner
- Takaful Planner
- Shariah Advisor Consultant
