PhD in Islamic Finance

Application Dates
Course Overview
Type
Doctorate (PhD)
Tuition Fees
Malaysian Students: RM 58,070
Location
Kuala Lumpur, Malaysia
Duration
Full Time: Min 2 yr, Max 4 yrs; Part Time: Min 4 yrs, Max 5 yrs
Study Field

Course Overview

Since its inception, INCEIF has set the benchmark for excellence in industry research. Our renowned scholars and seasoned industry leaders strive to create a nurturing environment where exceptional minds can flourish, driving progress and development in the realm of Islamic finance.

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.

Programme Structure

BY COURSEWORK AND DISSERTATION 

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

Total Credit Hours: 80

Core Courses (34 Credit Hours) 

  • Economics for Islamic Finance
  • Corporate Finance
  • Islamic Law and Jurisprudence
  • Islamic Law of Contracts
  • Islamic Banking
  • Islamic Capital Market
  • Research Methodology in Economics and Finance
  • Mathematical Methods for Economics and Finance
  • Proposal Writing
  • Seminar in Shariah
  • Seminar in Finance
  • Seminar in Economics

Electives (6 Credit Hours), Choose Any 2

  • Portfolio Management
  • Monetary Economics
  • Financial Econometrics
  • Risk Management in Islamic Financial Institution
  • International Finance
  • Wealth Planning Management
  • Accounting for Islamic Financial Transactions
  • Takaful Operations
  • Advance Econometrics
  • Financial Modelling

Dissertation (40 Credit Hours) 

  • 40,000 – 60,000 words

BY RESEARCH   

PhD by Research requires 7 pre-requisite courses before proceeding the Research component.

Prerequisite Courses

  • Islamic Banking
  • Islamic Capital Market
  • Seminar in Economics
  • Seminar in Finance
  • Seminar in Shariah
  • Research Methodology in Economics and Finance
  • Mathematical Methods for Economics and Finance

Thesis

  • Minimum 60,000 words

Entry Requirements

BY COURSEWORK AND DISSERTATION    

1) Master’s degree or equivalent (with high distinction) from a recognised institution of higher learning;

2) Mathematics / Quantitative proficiency;

3) English proficiency:

  • Malaysian University English Test (MUET): Band 4 and above; or
  • IELTS - band 6; or
  • TOEFL: 550 (PBT), 79 (IBT) and above; or

Exemption:

  • Candidates from native English speaking countries
  • Candidates with academic qualifications from institutions using English as the full medium of instruction

BY RESEARCH   

1) Master’s degree or equivalent (with high distinction) from a recognised institution of higher learning;

2) Mathematics / Quantitative proficiency;

3) English proficiency:

  • Malaysian University English Test (MUET): Band 4 and above; or
  • IELTS - band 6; or
  • TOEFL: 550 (PBT), 79 (IBT) and above; or

Exemption:

  • Candidates from native English speaking countries
  • Candidates with academic qualifications from institutions using English as the full medium of instruction

4) A minimum 5 years work experience in financial institutions;

5) Submission of a research proposal (not exceeding 15 pages, double-spaced in Arial size 12).

Application Deadline

Face-to-face (currently conducted online until further update on COVID-19 status)

September 2020 Semester:

International: Closed
Malaysian: 21 August 2020

January 2021 Semester:

International: 30 October 2020
Malaysian: 31 December 2020

Intake Month

Jan, June & Sept