Islamic Banking And Finance

March 29, 2021

This course provides rigorous training in the theory and practice of conventional financial services management and strategy; specialized modules in Islamic banking and finance provide a particular focus on the theoretical foundations, products, performance, financial instruments, and risk management issues of what is now the preferred form of banking for 1/5 of the world’s population.

Admission requirements

Entry to the MBA in the Islamic banking and finance program requires a 2 (ii) university degree in a relevant subject, for example, economics, finance, accounting, administration from a university or a similar qualification from any other institution. A lower or higher second-class Honors degree, or equivalent overseas qualification and qualification, is required. Alternatively, possession of an appropriate professional qualification and relevant practical experience can also be accepted. For MBA degrees, while work experience is desirable, it is not essential.

Why study at Widad university?

Gold classified teaching

Widad University has achieved a gold award, the highest possible rating, in the national teaching excellence framework (TEF). The TEF valuation considered the quality of teaching, the environment of learning, and student consequences and learning gain. 

Wide range of courses.

Hundreds of courses are there in the arts and sciences. Widad pride themselves on the quality of their teaching and courses and teachers have been rated in the top 10 in the country.

World-class teaching and research

Study at a world-class university, recognized for the quality of teaching and research. Widad university is in the Malaysia’s top 40 for research according to the 2014 research excellence framework.

Work experience and internships

There are variety of options for acquiring valuable employability skills, including supporting you with your desired internships and internships.

How does Islamic banking work?

When speaking of Islamic banking, what catches the interlocutor’s attention in the first place is precisely the prohibition of interest. But Islamic finance is much more than that. The sector has knowledgeable substantial growth in new times. Its principles based on ethics and its attractive financial instruments have positioned it as a possible alternative to traditional banking.

Principles on which Islamic banking is based

Islam has its own paradigm of economic relations based on rules derived from sharia. The sharia specifies, among other things, the rules for the allocation of resources, property rights, production and consumption, the functioning of markets and the distribution of wealth. Likewise, it also stipulates the necessities that describe the framework in which the financial and banking system can function. The core of this framework is that, as a mechanism for the allocation of financial resources, the interest rate is replaced by a rate of return on actual activities.

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