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.
Eligibility Criteria
- Associate Degree holders in Islamic Studies With Minimum 60 Credit Hours, or Equivalent (with 50% marks), who want to enroll in the same discipline, will be directly enrolled in the 5th Semester.
- Candidate having Shahdat-ul-Aleya (50% marks) with B.A degree or passing compulsory subjects as per requirement of HEC
- Candidate having F.A or Equivalent with Shahdat-ul-Aleya (50% marks) degree can join B.S Islamic Studies Programs in 5th Semester after passing General Education (GEC) courses as per HEC/AIOU rules before completion of B.S Program.
Selection Process
Open Merit
Duration
Medium of Instruction
Teaching Methodology
Open Distance Learning
Total Credits Hours Required
|
Sr. No |
Course Title |
Code |
Cr.Hrs |
|
1. |
Study of Selected Ayat and Ahadith Related to Ahkam-I |
2952 |
03 |
|
2. |
Introduction to Business Finance |
8594 |
03 |
|
3. |
Social System of Islam |
1909 |
03 |
|
4. |
Bank Operations Management |
5479 |
03 |
|
5. |
Fundamentals of Islamic Capital and money markets |
3977 |
03 |
|
6. |
Insurance and Takaful Management |
3979 |
03 |
|
|
|
18 Credit Hours |
|
|
Sr. No |
Course Title |
Code |
Cr. Hrs |
|---|---|---|---|
|
1. |
Financial Accounting |
5418 |
03 |
|
2. |
Islamic Banking: Theory and Practice |
3970 |
03 |
|
3. |
AAOIFI’s Shariah Standards – I |
3972 |
03 |
|
4. |
Shariah Governance in Islamic Financial Institutions |
3976 |
03 |
|
5. |
Risk Management in Islamic Banking |
3978 |
03 |
|
Total Credit Hours |
15 |
|
Sr. No |
Course Title |
Code |
Cr. Hrs |
|---|---|---|---|
|
1. |
Fahm-e-Quran (Tajwid, Translation & Tafsir) |
4935 |
03 |
|
2. |
Islamic Assets and Funds Management |
3973 |
03 |
|
3. |
AAOIFI’s Shariah Standards – II |
3974 |
03 |
|
4. |
Internship |
3982 |
03 |
|
5. |
Capstone Project |
3985 |
03 |
|
Total Credit Hours |
15 |
|
Sr. No |
Course Title |
Code |
Cr. Hrs |
|---|---|---|---|
|
1. |
Seerat-e-Tayyaba |
3900 |
03 |
|
2. |
Current Issues in Islamic Finance |
3975 |
03 |
|
3. |
Product Development in Islamic Banks |
3980 |
03 |
|
4. |
Management of Islamic Financial Institutions |
3981 |
03 |
|
Total Credit Hours |
12 |
1
2
3
4
5
Semesters
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).