MS Islamic Banking & Finance
Program Overview
The MS IB&F program at GU TECH is designed to equip students with comprehensive knowledge of banking and finance, integrated with the teachings of Islam. With the exponential growth of Islamic banking, the scope of this field is vast, and the demand for professionals with expertise in this area is immense. However, many programs offered elsewhere lack access to top-tier faculty and robust curricula.
GU TECH's MS IB&F program stands out by being backed by leading Shariah scholars and finance experts. Our meticulously designed curriculum not only meets industry needs but also equips students with the latest technologies used in the field, ensuring they remain ahead of their peers. This program offers a unique advantage by blending rigorous academic training with practical insights, preparing graduates to excel in the dynamic field of Islamic Banking & Finance.

Program Objectives
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Equip students with comprehensive knowledge of banking and finance integrated with Islamic teachings.
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Address the growing demand for professionals in the rapidly expanding field of Islamic banking.
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Provide access to top-tier faculty, including leading Shariah scholars and finance experts.
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Develop a meticulously designed curriculum that meets industry needs and incorporates the latest technologies.
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Prepare graduates to excel in the dynamic field of Islamic banking and finance through rigorous academic training and practical insights.
Program Structure
Foundation/ pre requisite courses for non-business background (subject to approval of admission committee for each student):
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Principles of Accounting
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Principles of Economics & Finance
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Business Communication and Report Writing
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Fundamentals of Islamic Fiqh/Jurisprudence
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Fundamentals of Mathematics and Statistics
Semester wise breakup
Semester I
Title of the Course | Nature | Credit Hours |
---|---|---|
Corporate Finance | Core | 3 |
Islamic Economics | Core | 3 |
Research Methodology I | Core | 3 |
Elective I | Elective | 3 |
Total | 12 |
Semester 2
Title of the Course | Nature | Credit Hours |
---|---|---|
Financial Markets, Institutions & Islamic Perspective | Core | 3 |
Research Methodology II | Core | 3 |
Elective II | Elective | 3 |
Total | 9 |
Semester 3
Title of the Course | Nature | Credit Hours |
---|---|---|
Islamic & Commercial Banking | Core | 3 |
Elective III | Elective | 3 |
Elective IV | Elective | 3 |
Total | 9 |
Semester 4
Title of the Course | Nature | Credit Hours |
---|---|---|
MS Thesis | Thesis | 6 |
Total | 6 |
Note: A student may opt to take 2 additional courses instead of undertaking MS Thesis to complete the degree.
ELECTIVE / SPECIALIZATION COURSES
Serial Number | Title of the Course | Nature | Credit Hours |
---|---|---|---|
1 | Advanced Topics in Islamic Jurisprudence & Fiqh | Elective | 3 |
2 | Takaful Operations | Elective | 3 |
3 | International Finance | Elective | 3 |
4 | AAOIFI Shari’ah Standards (Ma’ayeer Al-Shari’ah) | Elective | 3 |
5 | Mejelle (Majall Tul Ahkam Al-Adaliyya) | Elective | 3 |
6 | Sharh Al-Qawaid Al-Fiqhiyya | Elective | 3 |
7 | Bidayat Al-Mujtahid | Elective | 3 |
8 | Islamic Social Finance | Elective | 3 |
9 | Business Law | Elective | 3 |
10 | Islamic Fintech | Elective | 3 |
11 | Risk Management in IFIs | Elective | 3 |
12 | Organizational Behavior and Leadership | Elective | 3 |
13 | Accounting and Auditing in IFI’s | Elective | 3 |
14 | Monetary Economics | Elective | 3 |
15 | Islamic Law of Contracts | Elective | 3 |