BS Islamic Banking And Finance Complete Guide 2024

The Bachelor of Science in banking and finance and Islamic economics are 4 year degree program and has been planned to provide students with thorough knowledge and skills in the financial zone, with a specific focus on the effect and impact of Islamic foundations on economics, banking and finance.

Islamic banking also named as Islamic finance or Shariah cooperative finance, also refers to financial activities that attach to Shariah. Two basic principles of Islamic banking and finance are the sharing of profit and loss and the proscription of the collection and payment of interest by bankers and shareholders.

Some important topics of Islamic banking and finance:

• Scriptural basis

• Time value of money

• Early payment of debt

• Islamic laws on trading

• Justification for Islamic banking

• Interest and credit sales

• Types of Islamic lending

Majors Or Specializations Of BS Islamic Banking And Finance

There are some specific majors of BS Islamic banking and finance.

These are following specializations in BS Islamic banking and finance:

• Econometrics

• Financial Accounting

• Islamic Banking Theory and Practice

• Islamic Asset and Fund Management

• Comparative Banking Systems

• Islamic Ethical Philosophy

• Comparative Economics Systems

• Insurance and Takaful Management

• Commercial Bank Management

Duration And Credit Hours Of BS Islamic Banking And Finance

BS banking and finance requires full time regular study consists of 8 semesters (4 years).the semester wise credit hours distribution is as:

Scope And Career Of BS Islamic Banking And Finance

Islamic banking and finance has become one of the world’s fastest growing and efficient economic systems. Banking and finance professionals can work in a various industries and positions. For example, they can chase a job opportunities in:

• Insurance

• corporate finance

• Commercial banking

Within these categorization, they can work in:

• Management

• Customer service

• Financial analysis

Career Prospects of BS Banking and Finance

• Managerial position in any of the private, public, and nonprofit organizations for their expertise in the area of Islamic finance.

Skills And Learning Outcomes Of BS Islamic Banking And Finance

• They will be able to develop a strong premise of Islamic banking and finance.

• Graduates will also be able to produce proficient knowledge of shariah, accounting, economics, legal shariah, micro-finance, corporate finance, and social Issues.

• Enable students to develop the nature and scope of the Islamic finance banks in relation to its standard match.

• Serve the growing command for human resources in the area of Islamic finance.

Career Prospects of BS Banking and Finance

• Managerial position in any of the private, public, and nonprofit organizations for their expertise in the area of Islamic finance.

Syllabus And Courses Of BS Islamic Banking And Finance

There are some following specific courses of BS Islamic banking and finance:

• Islamic Economics

• Shariah Based Financial Accounting and Reporting

• Shariah Governance and Shariah Standards

• Assurance, Audit and Ethics

• Business and Regulatory Environment

• Introduction to Islamic Banking and Finance

• Commercial and Islamic Banking Operations Management

• Risk management in Islamic financial institution

• Islamic Economics

• Study of Fiqh I

• Study of Fiqh II

• Islamic Law of Contract

1st semester

• Micro Economics 3

• Functional English I 3

• Managing People 3

• Introduction to Sociology 3

• Computer Application in Business 3

• Islamic Studies 2

2nd semester

• Functional English II 3

• Cost Accounting 3

• Business Mathematics 3

• Financial Accounting 3

• Macro Economics 3

• Pak Studies 2

3rd semester

• Money Banking and Finance 3

• Business Statistics 3

• Principles of Marketing 3

• Business Communication I 3

• History of Islamic Business and Trade 3

4th semester

• Islamic Banking and Finance 3

• Introduction to Psychology 3

• Advanced Communication Skills 3

• Auditing and Internal Control 3

5th semester

• Economic Development of Pakistan 3

• Quantitative Techniques in Business 3

• Human Resource Management 3

• Principles of Islamic Jurisprudence Islamic Bait ul Mal 3

• Islamic Microfinance 3

6th semester

• Fiqh ul Mamilat 3

• Organizational Behavior and Leadership Skills 3

• Business Research and Methods 3

• islamic Business and Commercial Law 3

• Islamic Economies 3

• Foreign Language 3

7th semester

• Advanced Islamic Jurisprudence 3

• Elective II (Islamic Business and Trade) 3

• Business Ethics and Islam 3

• Islamic Business and Trade 3

• Takaful/Islamic Insurance 3

• Final Year Project - I 3

8th semester

• Advanced Islamic Jurisprudence 3

• Elective II (Islamic Business and Trade) 3

• Business Ethics and Islam 3

• Islamic Business and Trade 3

• Takaful/Islamic Insurance 3

• Final Year Project - I 3

Related Courses Of BS Islamic Banking And Finance

• BS Islamic Studies with Computer Technology

• BS Islamic Banking and Finance

• Certified diploma in Islamic Microfinance

• Online courses with certification in Global Islamic Finance and Banking

• Professional Certificate in Islamic Finance

• BS in Islamic Studies

• BS Finance And Accounting

• BS Islamic Banking

• BS Islamic Finance

• BS Computational finance

• BS Islamic business and finance

• BS in Islamic Studies

• BS in Islamic Studies

Fee Structure Of BS Islamic Banking And Finance

Fee structure of some universities for BS Islamic banking and finance:

Fee structure of Sheikh zayed center (university of Karachi) for BS Islamic banking and finance:

Minhaj University Lahore fee structure for BS Islamic banking and finance:

Additional charges

Fee structure of some other universities for BS Islamic banking and finance:

Further Courses After BS Islamic Banking And Finance

• M.Phil in Islamic Studies

• MS in Islamic Banking and Finance

• Executive Masters in Islamic Finance

• M.Phil in Islamic Banking and Finance

• PhD in Islamic Studies and Computer Technology

• PhD in Islamic Banking and Finance

• Micro-Certification (Executive Masters in Islamic Finance)

• PhD in Islamic Banking And Finance