PhD in Islamic Finance (by Coursework and Dissertation)

PhD in Islamic Finance (by Coursework and Dissertation)
8 – 10 Semester / FT: 4 Years - PT: 5 Years
Face to Face
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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

  • Master’s degree or equivalent (with high distinction) from a recognized institution of higher learning.

  • Mathematics / Quantitative proficiency.

  • English proficiency:

    • Malaysian University English Test (MUET): Band 4 and above; or
    • IELTS - band 6; or
    • TOEFL: 550 (PBT), 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

BASIC FEE PAYMENT : INITIAL APPLICATION MALAYSIAN STUDENT INTERNATIONAL STUDENT
Application Processing FeeRM70RM130


BASIC FEE PAYMENT : AFTER ACCEPTED OFFER MALAYSIAN STUDENT INTERNATIONAL STUDENT
Tuition Fee Per Credit HourRM 650RM 780
Core Courses (34 Credit Hours)RM 22,100RM 26,520
Elective Courses (6 Credit Hours)RM 3,900RM 4,680
Dissertation (40 Credit Hours)RM 27,300RM 32,760


PAYMENT : STUDENT SERVICE FEE MALAYSIAN STUDENT INTERNATIONAL STUDENT
Student Service / Resource Fee - Per Long Semester (Jan & Sept)RM 1,200RM 1,200
1 Year Student Service FeeRM 2,400RM 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 DepositRM 1,000RM 1,000


PAYMENT : TOTAL MALAYSIAN STUDENT INTERNATIONAL STUDENT
Basic Fee
Without Student Service Fee + Miscellaneous Fees + Deposit
RM 54,670RM 65,520
Basic Fee
With Student Service Fee (1 Year) + Miscellaneous Fees + Deposit
RM 58,070RM 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 1,200RM 1,200


PhD by Coursework and Dissertation requires completion of 12 core courses, 2 elective courses and a Dissertation.

  Component of Courses Credit Hours
112 Core Courses34
2Electives (to choose 2 from 10 electives)6
3Dissertation (40,000 – 65,000 words count)40
Total Credit Hours to Complete80


  Core Course Programme Code
1Economics for Islamic FinanceFN6123
2Research Methodology in Economics and FinanceQM6334
3Corporate FinanceFN6033
4Islamic BankingBK6503
5Islamic Law of ContractsFQ6133
6Mathematical Methods for Economics and Finance QM6304
7Proposal WritingGP6511
8Seminar in ShariahFQ6333
9Seminar in FinanceFN6233
10Seminar in EconomicsFN6133
11Islamic Capital MarketFN6603
12Islamic Law and JurisprudenceFQ6103


  Elective Course Programme Code
1Accounting for Islamic Financial TransactionsFQ6103
2Financial EconometricsQM6243
3International FinanceFN6053
4Risk Management in Islamic Financial InstitutionsTK6413
5Wealth Planning Management FN6613
6Portfolio ManagementFN6623
7Takaful Operations TK6403
8Monetary EconomicsFN6083
9Financial ModelingFN6093
10Advanced EconometricsQM6253


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

  1. Synthesize and develop new concepts/theories contributing to the body of knowledge in Islamic finance through independent research.

  2. Demonstrate in-depth knowledge spanning across key areas in Islamic finance.

  3. Evaluate and enhance the current practices in Islamic finance.

  4. Disseminates 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.




    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

    PhD in Islamic Finance
    Application Deadline

    MQA/FA/8301 • R/343/8/0056
    (Validity 15 June 2017 - 14 June 2022 )

    SEMESTER INTERNATIONAL LOCAL & PR
    JANUARY 2023 SEMESTER 30 SEPTEMBER 2022 6 JANUARY 2023
    SEPTEMBER 2023 SEMESTER 14 MAY 2023 11 AUGUST 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.


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