B.Sc. in Islamic Finance

B.Sc. in Islamic Finance


Department of Undergraduate Studies


The program is structured and designed to offer an understanding of theories and principles of banking and Islamic Finance and transfer employable skills and competencies to explore and handle challenges in industry. The Course offers an opportunity to study the structure of the basics of banking, Islamic banking, and financial industry, including its theoretical foundations, products, performance, Islamic financial instruments, corporate governance and risk management issues. Upon the successful completion of this program, the students are expected to have gained a clear understanding of theories and its application to the principles of banking and Islamic Finance in the current context.

Entry Requirements
  • Diploma in Accounting, Finance, Human Resource, Marketing, Banking or its equivalent.
  • A direct entry into the program after completing the Higher Secondary School level.
  • Proof of proficiency in English language (a score of at least 5.0 with reading and writing at least 4.5 in the IELTS test of English, (unless their first degree was taught in English) is a must.
Examining Authorities

College of Banking and Financial Studies


It will take 4 years (8 semesters) to complete the program on a full-time mode, assuming the student has met the entry requirements.

Programme Content


Semester One

  • UG014BC Business Communication
  • UG015BE Business Economics
  • UG066PBM Principles of Business Management
  • UG012BIF Basics of Islamic Finance
  • BIF105F Islamic Economics

Semester Two

  • UG019BM Business Maths
  • UG090OBL Oman Business Law
  • UG036FA1 Financial Accounting-1
  • UG035EIF Ethics in Islamic Finance
  • UG132UFSO Usul Al Fiqh and Sharia Objectives

Semester Three

  • UG088MB Money and Banking
  • UG098PMkt Principles of Marketing
  • UG106QM Quantitative Methods
  • UG073IBFP Islamic Banking and Financial Products
  • UG119SIIF Sharia Issues in Islamic Finance

Semester Four

  • UG038FMGT Financial Management
  • UG080 MIS Management Information System
  • UG125SM Sukuk Market
  • UG084MIBFP Marketing of Islamic Banking and Financial Products
  • UG094OB Organisational Behaviour

Semester Five

  • UG051IA Intermediate Accounting
  • UG054IFM Intermediate Financial Management
  • UG028DFOIFI Deposits and Financing Operations of Islamic Financial Institutions
  • UG075ICM Islamic capital markets
  • UG063II International Investments

Semester Six

  • UG030ECMT Econometrics
  • UG131TH Theory of Hedging
  • UG115RMIFResearch Methods in Islamic Finance
  • UG127TR Takaful and Re Takaful
  • UG065Intr Internship

Semester Seven

  • UG041FMOD Financial Modeling
  • UG112RIFT Reporting Islamic Finance Transactions
  • UG061IFR International Financial Regulation
  • Elective 1
  • Elective 2

Semester Eight

  • UG111REIBRegulatory Environment for Islamic Banks
  • UG118RIMIF Risk Management in Islamic Finance
  • UG102RP2 Research Project-2
  • Elective 3
  • Elective 4


GROUP – 1 (Semester – 7)

  • UG007Aud Auditing
  • UG070IMPA Investment Management & Portfolio Analysis
  • UG041FMOD Financial Modeling
  • UG133WPMIF Wealth Planning and Management in Islamic Finance
  • UG077IFD Islamic Finance Derivatives

GROUP – 2 (Semester – 8)

  • UG082MIFICGManaging Islamic Financial Institutions and Corporate Governance
  • UG078IFEF Islamic Funds and Equity Funds
  • UG124SIFP Structuring an Islamic Financial Product
  • UG021CAB Computer Applications in Business

*Sequence of the modules may change subject to requirements

  • May - August
  • December-January
Contact Details
  • Mr. Sayyed Mohammed Danish - Director of Undergraduate Department
    Office lines: 2205820

    • Dr. Fatin Said Al Zadjali - Head of Islamic Finance
      Tel: 22059888