The M.S program is aimed at catering the needs of higher education, conceptual growth, mastering advanced knowledge and to make the students well versed to participate in solving research problems of the discipline of Islamic Banking and Finance.
The 10 Courses are gleaned from the domain of Islamic Banking and Finance.
| Course No. | Course Title | Credit Hours |
| 711 | Research Methodology (Compulsory) | 3 |
| 721 | Economic Development in Islamic Perspective | 3 |
| 731 | Principles and Practices of IB&F | 3 |
| 741 | Contracts, Operations, and Regulatory Framework of IBF. | 3 |
| 751 | Takaful & Retakaful | 3 |
| Course No. | Course Title | Credit Hours |
| 712 | Applied Research Methodology (Compulsory) | 3 |
| 722 | Social Responsibilities Shariah based Governance in IBFIs. | 3 |
| 732 | Current Operational, Legal and Regulatory Issues in IBF. | 3 |
| 742 | AAOIFI Shariah & Accounting Standards | 3 |
| 752 | Islamic Financial Engineering | 3 |
| 762 | Research Communication Skills( Compulsory) | 3 |
| Course No. | Course Title | Credit Hours |
| 713 | Research Governance in IBFs | 3 |
| Course No. | Course Title | Credit Hours |
| 714 | Research Islamic Banking Finance | 3 |
Days and Timings
M.S in IBF is a full-time Program and classes are offered on weekdays and weekends. However, for easiness of students classes are held on Saturday and Sunday – 10 a.m. to 4 p.m.
Financial Aid
Financial Aid is available through Qarz e Hasna by Ihsan Trust. For more details Click Here
The M.S program is aimed at catering the needs of higher education, conceptual growth, mastering advanced knowledge and to make the students well versed to participate in solving research problems of the discipline of Islamic Banking and Finance.
This programme requires full time regular study of four semesters (two years) course work .
M.S in Islamic Banking and Finance awarded by University of Karachi
Pre Requisite for Admission
Candidates possessing the following Degrees (Criteria) from a HEC recognized Institution are eligible for Admission to M.S Program in Islamic Banking and Finance.
BS/Masters in Islamic Banking and Finance Degree from a HEC recognized Institution.
Masters in Business Administration, Masters in Commerce, Masters in Economics, Masters in Economics and Finance, Masters in Islamic Economics
with a PGD in Islamic Banking and Finance from a HEC recognized Institution.
Masters in Business Administration, Masters in Commerce, Masters in Economics, Masters in Economics and Finance, Masters in Islamic Economics
with the following deficiency courses
1. Fiqh ul Muamlat 2. Asset and Liability Management for IFI 3. Basic Arabic 4. Sources of Shariah 5. AAOIFI Shariah Standards 6. Shariah Audit and Compliance and Regulations 7. AAOIFI Accounting Standards
Admission Procedure
Application Form Submission
Graduates possessing a degree BS in Islamic Banking and Finance from the Sheikh Zayed Islamic Centre, University of Karachi or equivalent according to the eligibility criteria can apply for admission. Applications for the programme will be received online through our Admission Portal. The following documents are to be submitted along with the application form and submitted in the Admission Unit
Attested photo copy of Matric certificate along with marks sheet.
Attested photo copy of the Intermediate or equivalent certificate along with marks sheet.
Attested Photo Copy of the certificate of MIBF/MBA/M.Com/MIF/MEF or equivalent along with marks proforma.
Equivalency certificate from University of Karachi (for outsiders)
Two self addressed envelopes with Rs. 8.00 stamp.
Character Certificate from the head of the institution last attended or from a Gazetted Officer.
Two attested passport size recent photographs.
A photocopy of I.D.Card or a photocopy of B-Form.
Applications received after the last date are not considered
Written Aptitude Test
Students, applying for admission, have to pass a written test, comprising of Subject Test and English Language Test.
Interview
The students who have passed the written test have to qualify the prescribed Interview separately.
Final Selection
The final selection of only a limited number of candidates is made as per merit list.
Tuition Fee
| S.No | Title | M.S |
| 1. | Processing/Test Fee(Payorder to be made in favour of University of Karachi) | 5000 |
| 2. | Admission Fee(Payorder to be made in favour of University of Karachi) | 20000 |
| 3. | Semester Fee (Payorder to be made in favour of Sheikh Zayed Islamic Centre) | 53500 |
| 4. | Departmental Charges (Payorder to be made in favour of Sheikh Zayed Islamic Centre) | 5000 |
Seats Available
20 Seats are available for the each programme. The seats are filled up as per merit list, prepared on the basis of written test and interview.