Master in Islamic Banking & Finance (1½ Years)
As a result of the global economic crisis, the Islamic financial system is getting more and more attention. According to some estimates, the assets of Islamic Banks have reached about 1 trillion dollars. This development is a sign of increasing confidence in the sector. Vatican has published an article recently authored by Claudia Segre and Napoleoni “Islamic Finance: Proposal and Ideas for the West in Crisis”, which suggests the Islamic financial system as a solution to the economic crisis. Islamic banking and finance is expanding at a very rapid pace, especially in East Asia, the Muslim world and Europe.
Keeping in view the advancements and rapid progress of Islamic banking and finance, CIIT is launching its one and a half year Masters Program in Islamic Banking and Finance (MIBF) this Fall Semester 2010, to cater the needs of the financial sector in Pakistan and the world.
Special features and objectives
At the moment the Islamic Banking and Finance industry is experiencing a severe shortage of experts and trained workforce, resulting in a bad reputation for the Islamic banking industry in Pakistan and the world at large. CIIT’s MIBF program is designed to develop educated and qualified executives and workforce to move quickly into key positions in the Islamic financial services sector by demonstrating the skills necessary to tackle problems within the complex world of international finance and banking. Also it is to prepare and implement findings directed at the evaluation of corporate, market, investment and risk management situations.
Following are the key objectives.
A systematic understanding of knowledge in Islamic banking and finance and provision of interface between the knowledge and practice.
- A critical awareness of current problems and new insights in Islamic banking and finance
- A comprehensive practical understanding of the techniques of enquiry and research used in the sector, and of how they are used to create and interpret knowledge
- An adequate conceptual understanding for evaluating current research and creating knowledge base in the Islamic finance world.
The Master in Islamic Banking and Finance will be beneficial to the following:
- Graduates who have professional experience in the financial sector
- Graduates who have relevant practical experience and wish to enhance their skills in the areas of Islamic banking and finance.
- Managers and accountants in public and private organizations who wish to broaden the span of their knowledge and opportunities in the banking sector.
16 years of education in relevant field with 2.5/4 CGPA in the bachelor degree, 50% GAT test score. Candidates who have more than 5 years of professional experience may be exempted from GAT.
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Admission in Master in Islamic Banking & Finance
Scheme of Study
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