Master of Islamic Finance

PROGRAM DETAILS

Programme Code:
Medium of instructions: English
Programme Option: By Research

  • Our cutting edge program will train graduates to develop critical understanding of vital components of Islamic finance theory and associated current research, and develop the capability of applying both general and Islamic financial concepts and principles to the analysis of corporate circumstances
  • Master of Islamic Finance is for students wishing to have their course tailored from an Islamic financial and accounting perspective. All MIF students commence with a generic common core but in the coming semester students will then specialise by studying relevant financial, accounting and investment issues from a managerial perspective. 

Admission to Master’s Degree by Research

  1. A relevant bachelor’s degree with honours with a minimum CGPA of 2.75/4.00 or equivalent from the University or any other institutions of higher learning recognised by the Senate; or
  2. Other qualifications equivalent to a bachelor’s degree with honours AND relevant professional work experience; or
  3. A bachelor’s degree or equivalent with minimum CGPA of 2.50/4.00 and not meeting CGPA of 2.75/4.00, can be accepted subject to rigorous internal assessment; or
  4. In case the CGPA does not meet the requirement of 2.50/4.00, the selection will subject to a minimum of 5 years working experience in relevant field.
  5. The number of credit hours for the relevant bachelor’s degree and advanced diploma shall be as follows: (a) bachelor’s degree ≥ 120 credit hours (b) advanced diploma ≥ 90 credit hours

Note: 1-year work experience is equivalent to 0.05 CGPA

(1)  An applicant shall show evidence of proficiency in the English language based on the following criteria: 

  1. TOEFL minimum score of 180 (computer-based) or 64 (internet-based); or
  2. IELTS minimum score of Band 5; or
  3. MUET minimum score of Band 3; or
  4. graduated from institutions that use English as the main medium of instruction, AND will be required to seat for University English Proficiency Test (UEPT) with minimum score of Band 3; or
  5. graduated in the field of Teaching of English as a Second Language (TESL), English Language Studies (ELS) and equivalent from a university recognised by the Senate; or
  6. a native speaker of English.

(2)  Research-mode applicant who intends to write his/her thesis in Arabic will be required to fulfil the criteria as follows:

  1. TOEFL minimum score of 150 (computer-based) or 52 (internet-based); or
  2. IELTS minimum score of Band 4; or
  3. MUET minimum score of Band 2; or
  4. UEPT minimum score of Band 2.

(3)  An applicant who does not fulfil any of the criteria under (1) & (2) will be allowed to register conditionally and is required to fulfil any of the criteria under (1) or (2), within 12 months (for Master’s students) and 24 months (for Ph.D. students).

Total Tuition Fees (RM)University Fees (RM)
Local17,600

3,000
(one time fee to be paid during registration)

ASEAN19,800
Others22,000
  • Tuition fees for local students (RM400 x 44 units)
  • Tuition fee for ASEAN students (RM450 x 44 units)
  • Tuition fee for OTHERS (RM500 x 44 units)
  • Recurring fees RM187 per semester (Local)
  • Recurring fees RM377.50 per semester (International)
  • Fees are due at the time of registration for each semester

The university has the right to withdraw this offer or to terminate you from your study if you are found to suffer from or to be a carrier of contagious/infectious diseases, or to suffer from a medical condition requiring continuous medical care that will adversely affect your study at USIM.

(1) Communicable Disease

Type of Disease / Problem Example

Example

1

  • Contagious
  • Difficult and require prolonged treatment
  • Expensive treatment
  • HIV / AIDS
  • Hepatitis B
  • Hepatitis C

2

  • Infectious
  • Treatable within certain period of time.
  • Tuberculosis

3

  • Infectious
  • Treatable within short period of time.
  • Malaria
  • Typhoid
  • Syphilis (VDRL)

4

  • Communicable Disease defined as epidemic by MOH
  • Japanese encephalitis,
  • SARS
  • Avian flu


(2)   Chronic Non-communicable Disease 

Type of Disease / Problem Example

Example

1

  • Condition that can endanger to himself or others.

  • Recurring repeatedly and affecting his study

  • Epilepsy

  • Schizophrenia

2

  • Expected to be prolonged.

  • Obvious and serious symptoms.

  • Prolong treatment schedule.

  • Dialysis

  • Cancer

3

  • Addiction or drug abuse as stated in AUKU or Malaysian Law.

  • Drugs.

  • Drugs

4

  • Continuous medication.

  • No serious symptoms.

  • Treatment does not affect study

  • Hypertension

  • Diabetes Melitus

 

Applicants can apply via online at https://ipps.usim.edu.my/ and fill the prescribed forms. Forms and supporting authenticated documents must then be submitted through online or mailed to the office.

For information related to visa and student pass, please refer to http://alamiyyah.usim.edu.my

Contact Us

Graduate School of Muamalat (GSM)
Faculty of Economics and Muamalat,
Universiti Sains Islam Malaysia (USIM)
71800 Bandar Baru Nilai, N.Sembilan, Malaysia

Tel : +606-797 8662/8663
Fax : +606-798 6302/6308  
E-mail : ddgsm@usim.edu.my

Counter Operating Hours

CGS counter operating hours are as follows:

Monday to Thursday:
    9.00am - 12.30pm
    2.30pm - 4.30pm

Friday:
    8.30am - 11.30am

Saturday, Sunday & Public Holidays:
    Closed