Executive Masters In Islamic Finance (eMIF)

Executive Masters In Islamic Finance (eMIF)
Full Time : Minimum 1 year, Maximum 2 years
Part Time : Minimum 3 years, Maximum 6 years
Online
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Why this course

Knowledge is strength, helping leaders to innovate and blaze new trails in enterprise and socioeconomic development. INCEIF can help you harness this power responsibly with the Executive Masters in Islamic Finance programme. Designed for working professionals by renowned scholars from both conventional and Shariah finance. This inclusive and multidisciplinary programme takes you beyond Islamic finance, imparting knowledge and instilling values, as you prepare to take the reigns and become a formidable catalyst of postive change.

Successful completion of the eMIF will ensure you gain working knowledge of Data Analytics, Business Strategy and Policy and Social Finance, while acquiring the ability to analyse and develop solutions to modern business challenges, analyse organisational situations and market fluctuations, and assess international socioeconomic conditions.

You will come to understand how Islamic financial instruments such as Zakat, Sadaqah, Waqf and Takaful can be combined with technological advancements to boost development and alleviate hardship, in accordance with Maqasid Shariah and UN Sustainable Development Goals, and learn to conduct business with integrity and in compliance with good governance practices.


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Course information

  • Bachelor's degree in Muamalat and recognised Islamic Finance or equivalent with a minimum CGPA of 2.50 out of 4.00.

  • Candidates with CGPA of below 2.50 but above 2.00, with a Bachelor’s degree from other fields may be considered, subject to additional internal assessments.

  • Admission via Accreditation of Prior Experiential Learning (APEL)

    • Malaysian citizen aged 30 years and above; and
    • Holding Diploma / STPM / Matriculation / A-level or equivalent;
    • Working and learning experience can be accredited; and
    • APEL assessment
  • 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


TUITION FEES MALAYSIAN STUDENT INTERNATIONAL STUDENT
Tuition Fee Per Credit HourRM 330RM 390
9 Core Subjects (27 credit hours)RM 8,910RM 10,530
3 Elective Subjects (9 Credit Hours)RM 2,970RM 3,510
1 Project Paper (6 Credit Hours)RM 1,980RM 2,340


STUDENT SERVICE FEE MALAYSIAN STUDENT INTERNATIONAL STUDENT
Student Service / Resource Fee - Per Long Semester (Jan & Sept)RM 600RM 600
1 Year Student Service FeeRM 1,200RM 1,200


TOTAL MALAYSIAN STUDENT INTERNATIONAL STUDENT
Basic Fee
(Not Including Student Service Fee)
RM 13,860RM 16,380
(Including Student Services Fee (1 Year))RM 15,060RM 17,580


RENEWABLE FEE MALAYSIAN STUDENT INTERNATIONAL STUDENT
Student Service / Resource Fee - Per Long Semester (Jan & Sept)RM 600RM 600

* Students to pay other fees required by Malaysian authorities

* INCEIF reserves the right to change the fees without prior notice

  Component of Courses Credit Hours
14 Common Core Courses
5 Discipline Core Courses
27
23 Electives (to choose 3 from 6 electives)9
3Project Paper6
Total Credit Hours to Complete42


  Common Core Course Programme Code
1Data Analytics for BusinessQME5013
2Ethics and ProfessionalismMGT5023
3Economics for Islamic Financial SystemsECN5013
4Shariah Aspects of Business and Finance SH5013

  Discipline Core Course Programme Code
1Business Strategy and PolicyMGT5133
2Shariah Rules and IssuesSHA5113
3Islamic Capital MarketFIN5115
4Islamic Banking and Practices BKG5113
5Accounting for Islamic Finance FIN5153


  Elective Course     (Choose any 3) Programme Code
1Wealth Planning Management RMT5123
2Audit and ComplianceSHA5223
3Social Finance FIN5213
4Islamic Insurance RMT5133
5Commercial Law and Legal Documentation for Islamic Financial Services SHA5213
6Risk Management of Islamic Banks RMT5113


Project Paper
This is a supervised research project that provides students with the opportunity to undertake independent research in a specific area of Islamic Finance.



At the end of Executive Masters in Islamic Finance Practice programme, graduates should be able to:

  1. Apply knowledge related to issues and development in Islamic finance and related industry.

  2. Demonstrate competency and skills in using appropriate techniques for Islamic finance and related industry.

  3. Identify key problems in Islamic finance and related industry, analyse the environment and provide practical solutions using broad range of media and technology as well as scientific and visual data.

  4. Demonstrate teamwork qualities through communicating and working effectively with peers and possess leadership qualities with autonomy and responsibility.

  5. Demonstrate personal and entrepreneurial competency.

  6. Conduct themselves professionally and in compliance with good ethics and governance practices.

    Applicants can apply via online at https://apply.inceif.org/online-application, proceed to create a new account and fill the prescribed forms. You may contact our education counsellors via live chat or email to [email protected] if you have any questions.


    APPLICATION DEADLINE

    eMIF Application Deadline

    MQA/FA/8831 • R3/343/7/0071
    (Validity 28 March 2019 - 27 March 2024)

    SEMESTER LOCAL, INTERNATIONAL & PR
    JUNE 2024 SEMESTER 20 MAY 2024
    SEPTEMBER 2024 SEMESTER 23 AUGUST 2024
    JANUARY 2025 SEMESTER 31 DECEMBER 2024

    Please ensure that your application is submitted before the application deadline as displayed. Applications received after this date may not be reviewed for admission.

    International Applicants

    We encourage you to apply early to ensure you have plenty of time to prepare the necessary travel, study and immigration documents.


    Related Programmes

    Master of Science in Islamic Finance (MSc)

    Master of Science in Islamic Finance (MSc)

    MBA (Sustainable Business)

    MBA (Sustainable Business)


    Masters in Islamic Finance Practice (MIFP)

    Masters in Islamic Finance Practice (MIFP)