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Department of Management Sciences

Bachelor of Science in Islamic Banking and Finance


Bachelor of Science in Islamic Banking and Finance (BS Islamic Banking and Finance)

The Bachelor of Science (BS) in Islamic Banking and Finance is designed to cultivate a new generation of business leaders equipped with a robust ethical framework rooted in Shariah. This program goes beyond traditional business education by providing a deep understanding of an economic system that promotes social justice, risk-sharing, and real-asset backing. Students develop critical thinking and strategic decision-making skills aligned with Maqasid al-Shariah, which aims to protect and benefit society. The curriculum, blending theory with practical application, prepares graduates to build successful careers that contribute to a more equitable and stable financial ecosystem. For aspiring innovators, the program fosters entrepreneurial thinking focused on creating ventures that generate not only profit but also positive social impact.

Eligibility Criteria

The basic eligibility requirement for admission to the Bachelor of Sciences in Islamic Banking and Finance (IBF) program is a Higher Secondary School Certificate (HSSC), A-levels, or an equivalent qualification recognized by the IBCC, involving 12 years of schooling with min 50% marks or Shahadah A’alamiyyah from a recognized religious board.

Requirements for Awarding a degree

A minimum of 2.00/4.00 CGPA must be obtained at the completion of the degree program. However, student may get awarded with Associate Degree having a caption of BS Islamic and Finance Degree. This would only be applicable if a student has completed the requirement in the first four semester of the program.

Program Structure

The Bachelor of Science (BS) in Islamic Banking and Finance is a four-year, eight-semesters program formulated in strict compliance with the HEC Undergraduate Education Policy 2023. In line with NCRC recommendations, this program has been designed to ensure that the entire credit structure and learning outcomes are intrinsically aligned with the ethical and legal framework of Shariah. This guarantees a graduate who is not only skilled in finance but also grounded in the principles of Maqasid al-Shariah (the higher objectives of Islamic law) and the prohibition of Riba (interest).

Courses
Elective Courses
Fee Structure
Career Prospects

Semester Wise Course List

1st Semester
1st Semester
2nd Semester
3rd Semester
4th Semester
5th Semester
6th Semester
7th Semester
8th Semester
Business Project

Course Code Course Title Lec Hrs Lab Hrs Cr Hrs Pre-Requisite
XXXX Pak Studies 2 0 2 —
XXXX English-I 3 0 3 —
XXXX Introduction to Computing 2 0 2 —
XXXX Introduction to Computing Lab 0 1 1 —
XXXX Principles of Microeconomics 3 0 3 —
XXXX Principles of Management 3 0 3 —

Course Code Course Title Lec Hrs Lab Hrs Cr Hrs Pre-Requisite
XXXX Islamic Studies 2 0 2 —
XXXX Introduction to Psychology 3 0 3 —
XXXX English-II 2 0 2 —
XXXX Principles of Macroeconomics 0 1 1 —
XXXX Principles of Marketing 3 0 3 —
XXXX Business Information Technology 3 0 3 —

Course Code Course Title Lec Hrs Lab Hrs Cr Hrs Pre-Requisite
XXXX Introduction to Sociology 3 0 3 —
XXXX Oral Communication 3 0 3 —
XXXX Business Mathematics 3 0 3 —
XXXX Language –I 3 0 3 —
XXXX Human Resource Management 3 0 3 —
XXXX Principles of Accounting I 3 0 3 —

Course Code Course Title Lec Hrs Lab Hrs Cr Hrs Pre-Requisite
XXXX Managerial Business Communication 3 0 3 —
XXXX Language –II 3 0 3 —
XXXX Personality & Soft Skills Development 3 0 3 —
XXXX Principles of Accounting II 3 0 3 —
XXXX Major World Religions 3 0 3 —

Course Code Course Title Lec Hrs Lab Hrs Cr Hrs Pre-Requisite
XXXX Statistics for Business 3 0 3 —
XXXX Managerial Ethics 3 0 3 —
XXXX Introduction to Logic 3 0 3 —
XXXX Business Research Methods 3 0 3 —
XXXX Business Finance 3 0 3 —

Course Code Course Title Lec Hrs Lab Hrs Cr Hrs Pre-Requisite
XXXX Business Law 3 0 3 —
XXXX Management Information System 3 0 3 —
XXXX Financial Management 3 0 3 —
XXXX Supply Chain Management 3 0 3 —
XXXX Operation Management 3 0 3 —

Course Code Course Title Lec Hrs Lab Hrs Cr Hrs Pre-Requisite
XXXX Project Management 3 0 3 —
XXXX Total Quality Management 3 0 3 —
XXXX Logistics Management 3 0 3 —
XXXX Specialization I 3 0 3 —
XXXX Specialization II 3 0 3 —

Course Code Course Title Lec Hrs Lab Hrs Cr Hrs Pre-Requisite
XXXX Purchasing & Inventory System 3 0 3 —
XXXX Transportation & Logistics Strategy 3 0 3 —
XXXX Specialization III 3 0 3 —
XXXX Specialization IV 3 0 3 —
XXXX Material Management in Supply Chain 3 0 3 —

Course Code Course Title Lec Hrs Lab Hrs Cr Hrs Pre-Requisite
XXXX Business Project 0 6 6 —

 

 

S. No Course Code Elective Courses Credit Hours
1 MEMB3113 Economics of Money & Banking 3
2 MASS3123 AAOIFI Shari’a Standards 3
3 MITM3133 Insurance and Takaful Management 3
4 MFRI4073 Financial Reporting in Islamic Financial Institutions 3
5 MIPD4083 Islamic Financial Product Development 3
6 MWPM4093 Wealth Planning and Management: An Islamic Finance Perspective 3
7 MSGE4103 Shariah Governance & Ethics in Islamic Finance 3
8 MFMG4113 Financial Modeling 3

Semester Wise Fee

1st Semester
1st Semester
2nd Semester
3rd Semester
4th Semester
5th Semester
6th Semester
7th Semester
8th Semester

 Heads Charges (Rs.)
Application Test Fees 2,000
Admission Fees 5,000
University Registration Fees 5,000
Security (Refundable) 5,000
Medical Checkup 0
Semester Enrollment Fees 3,500
Per Credit hour fees 3,500
Co-Curricular Activities Fee 1,100
Examination Fee 6,800
Tuition Fee 119,250
Advance Tax* As per Govt. policy
Total (1st Semester ) 151,150/-*

Heads Charges (Rs.)
Semester Enrollment Fee 3,500
Tuition Fee 119,250
Co-Curricular Activities 1,100
Examination Fee 6,800
Advance Tax * As per Govt. policy
 Total ( 2nd Semester)  130,650/-*

Heads Charges (Rs.)
Semester Enrollment Fee 3,500
Tuition Fee 119,250
Co-Curricular Activities 1,100
Examination Fee 6,800
Advance Tax * As per Govt. policy
 Total ( 2nd Semester)  130,650/-*

Heads Charges (Rs.)
Semester Enrollment Fee 3,500
Tuition Fee 119,250
Co-Curricular Activities 1,100
Examination Fee 6,800
Advance Tax * As per Govt. policy
 Total ( 2nd Semester)  130,650/-*

Heads Charges (Rs.)
Semester Enrollment Fee 3,500
Tuition Fee 119,250
Co-Curricular Activities 1,100
Examination Fee 6,800
Advance Tax * As per Govt. policy
 Total ( 2nd Semester)  130,650/-*

Heads Charges (Rs.)
Semester Enrollment Fee 3,500
Tuition Fee 119,250
Co-Curricular Activities 1,100
Examination Fee 6,800
Advance Tax * As per Govt. policy
 Total ( 2nd Semester)  130,650/-*

Heads Charges (Rs.)
Semester Enrollment Fee 3,500
Tuition Fee 119,250
Co-Curricular Activities 1,100
Examination Fee 6,800
Advance Tax * As per Govt. policy
 Total ( 2nd Semester)  130,650/-*

Heads Charges (Rs.)
Semester Enrollment Fee 3,500
Tuition Fee 119,250
Co-Curricular Activities 1,100
Examination Fee 6,800
Advance Tax * As per Govt. policy
 Total ( 2nd Semester)  130,650/-*

∆ Fee and charges shall be subject to review and revision as may be prescribed by the University from time to time.

# The number of credit hours may vary according to the course offering of the given academic session/ semester keeping in view the availability of resources and other such limitations.

* Policy on Collection/Charging of Advance Tax

  1. The University shall collect/charge adjustable advance tax at the rate of 5% provided the annual fee

exceeds rupees two hundred thousand (Rs. 200,000). The fee shall include the tuition fee and all charges received by the University, excluding the amount received as refundable.

  1. The amount of tax shall be in addition to the prescribed annual fee and once it is deposited with the Government Treasury, the University shall not be liable to make any refund and/or adjustment thereof.

+ Medical checkup fee @ Rs. 5000/- is admissible only for the program requiring Clinical observer ship/ Clerkship/ Internship.

 

  • Certified Public Accountant (CPA)
  • Financial Analyst
  • Management Accountant (CMA)
  • Auditor
  • Tax Consultant
  • Financial Planner
  • Investment Banker
  • Treasury Analyst
  • Credit Analyst
  • Risk Manager