BS Islamic Finance (BS/BSc / AD Based)

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

Any 14-Years Education, Any Bachelors 14 Years Degree, Associate Degree in Arts, Associate Degree in Science, Associate Degree in Education or Equivalent (with 45% marks).

Selection Process

Open Merit

Duration

2.5 Years

Medium of Instruction

English

Teaching Methodology

Open Distance learning

Bridging Semester

Sr. No	Course Title	Code	Cr.Hrs
1.	Objective of Sharia	1901	03
2.	Islamic Economic System	1913	03
3.	Introduction to Fiqh	2951	03
4.	Principles of Islamic Jurisprudence	2953	03
5.	Islamic Law of Business contracts	3971	03
6.	Fundamentals of Money and Banking	8593	03
	Total Credit Hours	18

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
	Total Credit Hours		18

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

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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).

About

The Allama Iqbal Open University was established in May, 1974, with the main objectives of providing educational opportunities to masses and to those who cannot leave their homes and jobs. During all these past years, the University has more than fulfilled this promise.