PhD in Islamic Finance
(by Research)

(R3/0413/8/0004) (06/27) (A8302)  

Course Details:

PhD in Islamic Finance (by Research)

Full Time: Minimum 2 years, Maximum 6 years
Part Time: Minimum 4 years, Maximum 7 years

Face-to-Face

Apply Now

Why Choose PhD in Islamic Finance (by Research)?

The INCEIF PhD in Islamic Finance programme is an innovative, multidisciplinary and research-based doctoral programme that imparts the necessary analytical and investigative skills to deepen your theoretical knowledge. You will acquire a comprehensive understanding of Islamic finance and enhance your ability to analyse and interpret developments in the rapidly growing Islamic financial services market.

Prepares students with essential skills for in-depth research in Islamic Finance.

Ideal for careers in Research and Academia.

Involvement in applied research and consultancy projects with businesses and institutions in the Islamic finance field.

A curriculum designed for exceptional high-calibre students, including those renowned for their research and thought leadership.

Opportunities for those with little or no background in Islamic finance to undertake research and make meaningful contributions to academia, practice, and policy.

This programme is structured to help you gain a PhD in Islamic Finance through research with balanced, achievable goals.

Head of Programme

PROF. DR. TURALAY KENC

Professor

PhD in Economics at the University of York, England

View Profile

Course information

Admission Requirements

Language Proficiency

English proficiency:

  • Malaysian University English Test (MUET): Band 4 and above; or
  • IELTS – band 6; or
  • TOEFL: 9.5 (Essential), 79 (IBT) and above;

Exemption:

  • Candidates from native English-speaking countries
  • Candidates with academic qualifications from institutions using English as the full medium of instruction

Academic and Professional Requirements

  • Master’s degree or equivalent (with high distinction) from a recognised institution of higher learning.
  • Mathematics / Quantitative Proficiency.
  • A minimum of 5 years of work experience in financial institutions.
  • Submission of a research proposal (not exceeding 15 pages, double-spaced in Times New Roman size 12).
  • Proposal & Thesis can be written in either English, Malay or Arabic Language

Total Fees

Programme Malaysian International
PhD in Islamic Finance (by Research) RM 69,560 RM 86,780 (approximate equivalent to USD 21,695.00 at an exchange rate of RM4.00 = USD1.00)

NOTES:

  • Students to pay other fees required by the Malaysian authorities (EMGS fees, Student Pass, Visa, Personal Bond, etc.).
  • INCEIF University reserves the right to change the fees without prior notice
  • All information is correct at the time of publication, but is subject to change in the interest of continuing improvement and rates.

**Total Fee calculated is based on maximum chargeable amount (deposit, courses fees, project paper, student services fees, etc.) for maximum duration of Full Time study.

The fees stated include the 6% Service Tax (SST), applicable to international students as per Malaysian tax regulations effective 1 July 2025.

Course Structure

List of Courses

This course prepares students with research tools for undertaking their dissertation/thesis. It focuses on the philosophy and theory of research methods by equipping students with approaches and techniques they may use in their dissertation/ thesis. Students will be exposed to the theory and application of quantitative, qualitative and big data analytics research tools and methodology.

This seminar course is designed as one of the capstone courses for doctoral students. It provides an in-depth study of the evolution of Islamic economics thought and, in the process, develops new approaches and models that can explain policy issues and recommendations based on the worldview of Islam and the maqasid of Shariah. Coverage of these topics provides students with an overall understanding of the basic envision of an economic system that operates with institutions prescribed in the Qur’an and modern society’s context. Moreover, students can recommend new approaches to solve contemporary issues in Muslim countries.

This seminar course is designed as one of the capstone courses for doctoral students. It provides an in-depth study of the evolution of Islamic economics thought and, in the process, develops new approaches and models that can explain policy issues and recommendations based on the worldview of Islam and the maqasid of Shariah. Coverage of these topics provides students with an overall understanding of the basic envision of an economic system that operates with institutions prescribed in the Qur’an and modern society’s context. Moreover, students can recommend new approaches to solve contemporary issues in Muslim countries.

The course exposes students to contemporary Shariah and legal issues and their solutions applicable to the modern Islamic finance industry. Upon completion of this course, students must be able to grasp the theoretical and practical issues facing the global Islamic finance industry and find adequate solutions to resolve those issues. Furthermore, the students must be able to prepare themselves to undertake their dissertation on topics related to the application of Shariah in the Islamic finance industry, not limited to Islamic Banking, Takaful and Islamic Capital Market.

A thorough and extensive research endeavour within the field of Islamic finance, undertaken to fulfil the requirements for a doctoral degree.

Programme Learning Outcomes

At the end of PhD in Islamic Finance programme, graduates should be able to:

  1. Synthesise and develop new concepts/theories contributing to the body of knowledge in Islamic finance through independent research.
  2. Demonstrate in-depth knowledge spanning key areas in Islamic finance.
  3. Evaluate and enhance the current practices in Islamic finance.
  4. Disseminate scholarly work through presentations and publications.
  5. Demonstrate ethical and positive leadership skills, entrepreneurial mindset and life-long learning skills in undertaking research and projects in Islamic finance.

Application Deadline

SEMESTER INTERNATIONAL MALAYSIAN & PR
JANUARY 2026 SEMESTER 19 OCTOBER 2025 17 JANUARY 2026
SEPTEMBER 2026 SEMESTER 14 JUNE 2026 1 SEPTEMBER 2026
JANUARY 2027 SEMESTER 30 OCTOBER 2026 25 JANUARY 2027

Please ensure that your application is submitted before the deadline as displayed.

How To Apply

Applicants can apply online at https://apply.inceif.edu.my/
Contact our education counsellors via live chat or email [email protected] if you have any questions.

Request Course Info

International Applicants

We encourage you to apply early to ensure you have time to prepare the necessary travel, study and immigration documents.
For more information, please see our International Students Page.