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BS Islamic Finance

Introduction

Bachelor of Science in Islamic Finance 4 Years, 2.5 Years and 2Years program offered by the Department of Islamic Thought, History, and Culture, Faculty of Arabic and Islamic Studies, Allama Iqbal Open University (AIOU), Islamabad. This program is designed to provide students with a comprehensive understanding of Islamic finance principles, practices, and Shariah principles. The B.S. in Islamic Finance program is developed to equip students with the knowledge and skills necessary to navigate the dynamic industry of Islamic finance while adhering to the principles of Islam. Students will delve into core subjects, including Islamic banking, finance, and shariah principles, complemented by a robust curriculum in Islamic business and economics.

 

OBJECTIVE

The program objectives for a B.S. in Islamic Finance should align with the overall goals of providing students with a comprehensive education in Islamic finance principles, ethics, and practices. Here are some potential program objectives:

  1. To develop a deep understanding of the fundamental principles and concepts of Islamic finance, including Sharia-compliant financial instruments, contracts, and transactions.
  2. To Equip Students with practical skills necessary for analysing, designing, and implementing Sharia-compliant financial solutions in various economic contexts.
  3. To Cultivate Ethical values and a sense of responsibility in students, emphasizing the importance of social justice and sustainability in Islamic finance practices.
  4. To Promote Critical Thinking and Research Skills, enabling students to analyze and evaluate financial issues from an Islamic perspective and contribute to the advancement of Islamic finance knowledge.

 

Eligibility Criteria

  1. HSSC/Intermediate/Equivalence.
  2. Matric with Khassah certificate from HEC Recognized Madaris/Boards with the compulsory condition that they will pass three Basic Courses as per requirement of IBCC, before completion of BS Program.

Selection Process

Open Merit

Duration

4 Years

Medium of Instruction

English

Teaching Methodology

Open Distance Learning

Total Credits Hours Required

126

Sr. #

Course Title

Code

Cr. Hrs

1

Functional English

9382

03

2

Quantitative Reasoning – I

9424

03

3

Introduction to Sociology: Culture and Society

9410

03

4

Islamic Studies / Ethics (for non-Muslims)

9401 / 5437

03

5

Application of Information and Communication Technologies

9384

03

 

Total

 

15

1

2

3

4

5

Semesters

08

Workshop

The online workshop for each course will comprise of 12 hours, with 2 hours daily for 6 days except for the teaching practice and project as per AIOU policy. Each semester will have a workshop for the courses offered in that particular semester. There will be an online quiz for every course at the end of the workshop.

Assessment Weightage

Assignments (Weightage) Workshop (Attendance & Quizzes) (Weightage) Final Exam (Weightage) Passing Marks 
20% 30% Quiz 50% 50% (in aggregate). However, 40% marks in final exams is mandatory.

Note: Allama Iqbal Open University (AIOU) reserves the right to amend the fee structure policy, course offering and assessment of courses when required. The existing course(s) will be adopted/adapted as per requirement. The department may change the sequence of the course(s) offering as per availability of course(s).