B.Sc. in Islamic Finance

B.Sc. in Islamic Finance


Department of Undergraduate Studies


The program is structured and designed to offer an understanding of theories and principles of banking and Islamic Finance and transfer employable skills and competencies to explore and handle challenges in industry. The Course offers an opportunity to study the structure of the basics of banking, Islamic banking and financial industry, including its theoretical foundations, products, performance, Islamic financial instruments, corporate governance and risk management issues. Upon the successful completion of this program, the students are expected to have gained a clear understanding of theories and its application to the principles of banking and Islamic Finance in the current context.

Entry Requirements
  • Diploma in Accounting, Finance, Human Resource, Marketing, Banking or its equivalent.
  • A direct entry into the programme after completing the Higher Secondary School level.
  • Proof of proficiency in English language (a score of at least 5.0 with reading and writing atleast 4.5 in the IELTS test of English , (unless their first degree was taught in English) is a must.
Examining Authorities

College of Banking and Financial Studies


It will take 4 years (8 semesters) to complete the programme on a full-time mode, assuming the student has met the entry requirements.

Programme Content


Semester One

  • BIF101G Business Communication
  • BIF102G Business Economics
  • BIF103G Introduction to Business Management
  • BIF104F Basics of Islamic Finance
  • BIF105F Islamic Economics

Semester Two

  • BIF206G Mathematics for Business
  • BIF207G Oman Business Law
  • BIF208G Financial Accounting
  • BIF209F Ethics in Islamic Finance
  • BIF210F Usul Al Fiqh and Sharia Objectives

Semester Three

  • BIF311G Money and Banking
  • BIF312G Principles of Marketing
  • BIF313G Quantitative Methods
  • BIF314F Islamic Banking and Financial Products
  • BIF315F Sharia Issues in Islamic Finance

Semester Four

  • BIF416G Financial Management
  • BIF417G Computer Applications in Business
  • BIF418G Management Information System
  • BIF419F Sukuk Market
  • BIF420F Marketing of Islamic Banking and Financial Products
  • BIF421F Internship

Semester Six

  • BIF627G International Investments
  • BIF628G Econometrics
  • BIF629F Theory of Hedging
  • BIF630F Research Methods in Islamic Finance
  • BIF631F Takaful and Re takaful

Semester Seven

  • BIF732G Financial Modeling
  • BIF733F Reporting Islamic Finance Transactions
  • BIF734F Zakath and Tax

Semester Eight

  • BIF839F Regulatory Environment forIslamic Banks
  • BIF840F Risk Management in Islamic Finance
  • BIF845FP Project


GROUP – 1 (Semester – 7)

  • Auditing
  • Investment Management & portfolio Analysis
  • Financial Modelling
  • Wealth Planning and Management in Islamic Finance
  • Islamic Finance Derivatives

GROUP – 2 (Semester – 8)

  • Managing Islamic Financial Institutions and Corporate governance
  • Islamic Funds and Equity Funds
  • Structuring an Islamic Financial product
  • Computer Applications in Business

*Sequence of the modules may change subject to requirements

  • May - August
  • December-January
Contact Details
  • Mr. Sayyed Mohammed Danish - Director of Undergraduate Department
    Office lines: 2205820
  • Mr. Mughees Shaukhat - Coordinator of program
    Office lines: 2205818