BS Islamic Finance Complete Guide 2024

BS Islamic Finance program has been created to provide students with detailed knowledge and expertise in the financial sector. The main focus of this program is on the effect and impact of Islamic knowledge on economics, and finance. BS Islamic Finance is a four years bachelor degree program that is offered by many institutes in Pakistan. The main purpose of this degree program is to educate the students about the basic concepts, theories and applications of banking and finance. The students learn about the various economic systems and the functioning of different economies of the globe and their interaction. The students are awarded with the Bachelor of Science Degree in Islamic Finance and this degree is acceptable in many countries. The program focuses on various economical problems and issues. This degree is a combination of traditional finance and Islamic knowledge.

The students learn about the Islamic ideas of economics and their implementation in banking and finance. What is BS Islamic Finance? The introductory features of BS Islamic Finance are given on this page. Many candidates want to know about the characteristics of the program in which they are going to be enrolled. The students have many queries about the degree and its scope. Which jobs I can get after BS Islamic Finance? The answers of all of these questions are well explained on this page. The students get the veritable details regarding BS Islamic Finance degree program on this page.

Specializations/ Majors:

The areas of specializations for BS Islamic Finance are given below:

  • International Relations

  • Economy of Middle East

  • Insurance and Takaful Management

  • AAOIFI Shariah Standards

  • Corporate Finance

  • Hadith [Islamic Economics and Finance]

  • Finance Theory

  • Topics in Ethic and Universal Values

  • Qur’an Commentary [Islamic Economics and Finance]

  • Comparative Economics Systems

  • History of Islamic Banking & Finance

  • Comparative Banking Systems

  • Experiments in Behavioral Economics

The list of BS Islamic Finance specializations is given below;

  • History of Islamic Finance

  • Product Development

  • Islamic Law of Business Contract

  • Financial Markets and Institutions

  • Usury and Interest in Historical Perspective

  • Financial Markets and Institutions

  • Introduction to Divine Economics

  • Arabic for Understanding Quran

  • Islamic critique of conventional Financial system

Duration/ Credit Hours:

BS Islamic Finance is a four years bachelor degree program which is comprised of total eight semesters. There are total 46 courses and 138 credit hours for the entire degree program. The duration of each semester of BS Islamic Finance is months or 18 weeks. MS Islamic Finance credit hours are 130 to 138 for the complete degree program.

Affiliation and Accreditations:

In Pakistan, various institutes are offering admission to MS Education and the candidates can get enrolled in them. All of these institutes are affiliated with the Higher Education Commission in Pakistan. The affiliations for MS Education are given on this page. MS Education affiliated colleges are listed below;

  • University of Karachi

  • International Islamic University, Islamabad

  • University of Management and Technology, Lahore

  • Lahore School Of Accountancy & Finance

  • Minhaj University, Lahore

  • The University of Lahore

  • Bahria University, Islamabad

  • Ilma University, Karachi

  • Superior University, Lahore

  • Sheikh Zayed Islamic Center

Scope and Career:

The candidates can find their career in Islamic Banking with unlimited jobs in future. This degree gives the students100% job satisfaction. Due to huge profit, Islamic banks give good salary packages than other general banks. The candidates having interest in research can find jobs with handsome salaries. There are a number of Islamic establishments that are working on Islamic Banking and Finance. The students having BS Islamic Finance degree can get job in these companies as research assistant. The scope of BS Islamic Finance is well elaborated on this page for the students. As Pakistan is an Islamic country so the demand and scope of BS Islamic Finance is observable in Pakistan. The scope of BS Islamic Finance is high in most of the Islamic countries where Islamic rules and laws are obeyed. Several jobs are there in the public and private sector institutes of Pakistan for BS Islamic Finance. The jobs which are available for BS Islamic Finance are mentioned below;

  • Manager Finance

  • Relationship Manager

  • Branch Manager

  • Financial Advisor

  • Product Manager

  • Program and Communication Manager

  • Rural Retail Banking Officer

  • Application Development Specialist

  • Lecture International Relations

  • Data Analyst

  • Communication Officer

  • Lecturer Islamic Studies

  • Audit Associate Islamic Banking

  • Financial Consultant

  • Professor Finance

  • Personal Banking Consultant

  • Corporate & Investment Banking

  • Internal Control Manager

Syllabus and Courses:

The syllabus outline for BS Islamic Finance is prepared and given by the HEC which is implemented in the institutes of Pakistan. BS Islamic Finance course outline is given here;

Semester 1:

  • Managing people

  • Functional English 1

  • Micro Economics

  • Introduction to Sociology

  • Islamic Studies

  • Computer Application in Business

Semester 2:

  • Business Mathematics

  • Functional English II

  • Macro Economics

  • Financial Accounting

  • Cost Accounting

  • Pak Studies

Semester 3:

  • Business Statistics

  • History of Islamic Business & Trade

  • Principles of Marketing

  • Money Banking & Finance

  • Business Communication I

Semester 4:

  • Islamic Banking & Finance

  • Advanced Communication Skills

  • Business Law

  • Introduction to Psychology

  • Auditing & Internal Control

Semester 5:

  • Principles of Islamic Jurisprudence Islamic Bait ul Mal

  • Quantitative Techniques in Business

  • Human Resource Management

  • Economic Development of Pakistan

  • Islamic Microfinance

Semester 6:

  • Business Research & Methods

  • Fiqh ul Mamilat

  • Foreign Language

  • Islamic Economies

  • Islamic Business & Commercial Law

  • Organizational Behavior & Leadership Skills

Semester 7:

  • Takaful/Islamic Insurance

  • Elective II (Islamic Business & Trade)

  • Final Year Project – I

  • Business Ethics & Islam

  • Islamic Business & Trade

  • Advanced Islamic Jurisprudence

Semester 8:

  • Islamic SME Financing

  • Final Year Project – II

  • Shariah Auditing

  • Advanced Fiqh ul Mamilat

  • Islamic Product Development

Skills and Learning Outcomes of the Program:

BS Islamic Finance degree is offered by many Islamic countries including Pakistan. The students get a lot of practical skills in this degree program. The students get the knowledge of basic theories and fundamentals of banking, finance and economics. The practical skills including developing high standards of management and leadership are helpful in professional life. The students get communication skills and managerial responsibilities. The learning outcomes of BS Islamic Finance include critical thinking, developing entrepreneurial capabilities and problem solving skills. BS Islamic Finance communication skills are necessary for the professional life. The graduates of Islamic Finance deal with the Islamic principles in economic and business matters. Organization of basic research using professorial sources and strategies to explore new ideas in this field is also one of the learning outcomes of BS Islamic Finance degree program.

Difference among Similar/ Comparable Programs:

BS Islamic Finance degree is offered by many institutions in Pakistan. This degree provides the professionals a good career and scope. Many students take admission in this degree program. Several institutes offer admission in BS Islamic Finance and its related programs in Pakistan. BS Islamic Finance related programs are listed below;

  • Islamic Banking and Finance

  • Banking and Finance

  • Islamic Banking

  • Economics and Finance

  • Finance and Accounting

  • Finance and Investment

  • Business Accounting and Finance

  • Islamic Finance

  • Islamic Business and Finance

  • Banking

  • Finance

  • Computational Finance

  • Accounting

  • Actuarial Sciences

  • Actuarial Sciences and Risk Management

  • Audit and Taxation

  • Finance, Marketing and Management

  • Accountancy (CA)

  • Commerce

  • Insurance and Risk Management

Further Study Options:

There are various opportunities for the students to continue their studies after BS program. The candidates holding BS Islamic Finance degree can get admission in post graduate degree or PhD in Islamic Finance. In Pakistan, many institutes are there which are offering admission in BS Islamic Finance. The candidates can also do any diploma or certification in Islamic Finance.

Study Abroad Options:

Various opportunities are there for the students who want to continue their studies after BS Islamic Finance. The students can apply on scholarship basis for admission in any foreign institute. Many Islamic countries offer BS Islamic Finance and a number of students get admission in them. The international students can apply for BS Islamic Finance in any foreign country. The seats are specified for overseas students every in foreign institute. BS Islamic Finance abroad degree has worth in many Islamic countries. The candidates can apply for admission in overseas university BS Islamic Finance through the online portal or website.

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