PhD in Islamic Finance (by Coursework and Dissertation)
(MQA/FA8301) (R3/343/8/0056) (15 June 2022- 14 June 2027)
PhD in Islamic Finance (by Coursework and Dissertation) |
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Full Time : Minimum 2 years, Maximum 4 years |
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Part Time : Minimum 4 years, Maximum 5 years |
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Face to Face |
Scholarship/Financial Aid Click Here |
Why this course
The PhD in Islamic Finance programme is an innovative, multidisciplinary and research based doctoral programme that imparts the required analytical and investigative skills to further expand your theoretical knowledge. Moreover, the programmes enable you to acquire a comprehensive understanding of Islamic finance, and enhance the ability to analyse and interpret developments in the rapidly growing Islamic financial services market. Thus, you will have the competency to tackle emerging challenges and opportunities in the context of industry requirements. Visionary scholars have an opportunity to learn directly from experience academicians and industry leaders while being involved in applied research and consultancy projects with businesses and institutions in the Islamic finance field.
INCEIF’s PhD programme is also designed for exceptional high calibre students, and those who are internationally renowned for their research and thought leadership. INCEIF PhD graduates are sought after for business and management consultancy roles in the industry, senior management roles in governments, in addition to academic leadership positions in reputed universities and top business schools. The programme also allows a candidate with little or no background in Islamic finance to undertake research and make meaningful contributions to academia, practice and policy.
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Course information
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Master’s degree or equivalent (with high distinction) from a recognized institution of higher learning.
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Mathematics / Quantitative proficiency.
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English proficiency:
- Malaysian University English Test (MUET): Band 4 and above; or
- IELTS - band 6; or
- TOEFL: 550 (PBT), 79 (IBT) and above;
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Exemption:
- Candidates from native English speaking countries
- Candidates with academic qualifications from institutions using English as the full medium of instruction
| BASIC FEE PAYMENT : INITIAL APPLICATION | MALAYSIAN STUDENT | INTERNATIONAL STUDENT |
|---|---|---|
| Application Processing Fee | RM70 | RM130 |
| BASIC FEE PAYMENT : AFTER ACCEPTED OFFER | MALAYSIAN STUDENT | INTERNATIONAL STUDENT |
|---|---|---|
| Tuition Fee Per Credit Hour | RM 650 | RM 780 |
| Core Courses (34 Credit Hours) | RM 22,100 | RM 26,520 |
| Elective Courses (6 Credit Hours) | RM 3,900 | RM 4,680 |
| Dissertation (40 Credit Hours) | RM 27,300 | RM 32,760 |
| PAYMENT : STUDENT SERVICE FEE | MALAYSIAN STUDENT | INTERNATIONAL STUDENT |
|---|---|---|
| Student Service / Resource Fee - Per Long Semester (Jan & Sept) | RM 1,200 | RM 1,200 |
| 1 Year Student Service Fee | RM 2,400 | RM 2,400 |
| PAYMENT : MISCELLANEOUS FEES | MALAYSIAN STUDENT | INTERNATIONAL STUDENT |
|---|---|---|
| EMGS Application Fee | - | RM 1,060 - RM 1,208.40 (for Indonesian) |
| Personal Bond | - | RM 200 - RM 2,000 |
| Student Pass Visa *according to Nationality | - | RM 60 - RM 120 |
| Insurance | - | RM 400 - RM 800 (for Indonesian) |
| iKAD | - | RM 50 - RM 100 (for Indonesian) |
| eVAL Processing Fee | - | RM 159 |
| Medical Check-Up | - | RM 250 |
| PAYMENT : DEPOSIT (Refundable Fee) | MALAYSIAN STUDENT | INTERNATIONAL STUDENT |
|---|---|---|
| Security Deposit | RM 1,000 | RM 1,000 |
| PAYMENT : TOTAL | MALAYSIAN STUDENT | INTERNATIONAL STUDENT |
|---|---|---|
| Basic Fee Without Student Service Fee + Miscellaneous Fees + Deposit | RM 54,670 | RM 65,520 |
| Basic Fee With Student Service Fee (1 Year) + Miscellaneous Fees + Deposit | RM 58,070 | RM 73,557.40 |
| PAYMENT : RENEWABLE FEE | MALAYSIAN STUDENT | INTERNATIONAL STUDENT |
|---|---|---|
| EMGS Visa Renewal Fee | - | RM 148.40 |
| Student Service Fee (Long Semester Only; Jan & Sept) | RM 1,200 | RM 1,200 |
PhD by Coursework and Dissertation requires completion of 12 core courses, 2 elective courses and a Dissertation.
| Component of Courses | Credit Hours | |
|---|---|---|
| 1 | 12 Core Courses | 34 |
| 2 | Electives (to choose 2 from 10 electives) | 6 |
| 3 | Dissertation (40,000 – 65,000 words count) | 40 |
| Total Credit Hours to Complete | 80 | |
| Core Course | Programme Code | |
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| 1 | Economics for Islamic Finance | FN6123 |
| 2 | Research Methodology in Economics and Finance | QM6334 |
| 3 | Corporate Finance | FN6033 |
| 4 | Islamic Banking | BK6503 |
| 5 | Islamic Law of Contracts | FQ6133 |
| 6 | Mathematical Methods for Economics and Finance | QM6304 |
| 7 | Proposal Writing | GP6511 |
| 8 | Seminar in Shariah | FQ6333 |
| 9 | Seminar in Finance | FN6233 |
| 10 | Seminar in Economics | FN6133 |
| 11 | Islamic Capital Market | FN6603 |
| 12 | Islamic Law and Jurisprudence | FQ6103 |
| Elective Course | Programme Code | |
|---|---|---|
| 1 | Accounting for Islamic Financial Transactions | FQ6103 |
| 2 | Financial Econometrics | QM6243 |
| 3 | International Finance | FN6053 |
| 4 | Risk Management in Islamic Financial Institutions | TK6413 |
| 5 | Wealth Planning Management | FN6613 |
| 6 | Portfolio Management | FN6623 |
| 7 | Takaful Operations | TK6403 |
| 8 | Monetary Economics | FN6083 |
| 9 | Financial Modeling | FN6093 |
| 10 | Advanced Econometrics | QM6253 |
At the end of PhD in Islamic Finance programme, graduates should be able to:
- Synthesize and develop new concepts/theories contributing to the body of knowledge in Islamic finance through independent research.
- Demonstrate in-depth knowledge spanning across key areas in Islamic finance.
- Evaluate and enhance the current practices in Islamic finance.
- Disseminates scholarly work through presentations and publications.
- Demonstrate ethical and positive leadership skills, entrepreneurial mindset and life-long learning skills in undertaking research and projects in Islamic finance.
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
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MQA/FA/8301 • R3/343/8/0056 |
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| SEMESTER | INTERNATIONAL | LOCAL & PR |
| SEPTEMBER 2023 SEMESTER | 1 JUNE 2023 | 11 AUGUST 2023 |
| JANUARY 2024 SEMESTER | 1 OCTOBER 2023 | 31 DECEMBER 2023 |
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.
