M.Phil (Islamic Banking and Finance)
A Unique degree offered from Pioneers of Education in Islamic Banking and Finance in Pakistan.

The M.Phil 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.

Courses of Studies

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

Days and Timings

Classes are held on Saturday and Sunday – 10 a.m. to 4 p.m.

Program Overview

The M.Phil 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.

Duration

This programme requires full time regular study of two semesters (one year) course work of 24 credit hours (three compulsory and five optional courses) followed by a thesis.

Degree Awarded

M.Phil 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.Phil Program in Islamic Banking and Finance.

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 of Masters in Islamic Banking and Finance from the Sheikh Zayed Islamic Centre, University of Karachi should submit the Marks proforma of MIBF only. All the other candidates should follow the procedure described below. The 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.Phil
1. Processing/Test Fee(Payorder to be made in favour of University of Karachi) 4500
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) 48400
4. Departmental Charges (Payorder to be made in favour of Sheikh Zayed Islamic Centre) 3500
5. Thesis Evaluation Fee /Viva Examination Fee 35000

 

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.

Apply for Admission Online