Islamic Economics and Finance

70411701 – Master's Degree Program in Islamic Economics and Finance

The 70411701 – Master's Degree Program in Islamic Economics and Finance is designed to prepare highly qualified specialists with advanced theoretical knowledge, research competencies, and practical management skills in the field of Islamic economics and finance. The master's program is offered in a full-time format under the credit-module system, with a standard duration of two years.

Within the master's curriculum, students acquire in-depth knowledge of contemporary developments in Islamic economics and finance, research methodology, Shariah audit, Islamic banking practices, financial accounting for Islamic financial institutions, Islamic insurance (Takaful), risk management in Islamic banks, and portfolio and asset management in Islamic finance. The educational process integrates theoretical instruction with practical training, scientific research, and professional internships in organizations operating in the Islamic finance sector.

Graduates of this program are qualified to pursue careers in Islamic banks, organizations providing Islamic financial services, Takaful companies, investment and leasing companies, Zakat and Waqf institutions, government agencies, international financial institutions, research centers, consulting firms, and higher education institutions. They are also equipped to contribute to the improvement of economic and financial systems, develop and implement Islamic financial products, evaluate investment projects, enhance financial management systems, and prepare research-based recommendations for sustainable economic development.

Throughout the program, students develop competencies in conducting independent scientific research, analyzing economic and financial processes using statistical, economic-mathematical, and econometric methods, preparing scientific articles and monographs, participating in national and international research projects, and applying research findings to professional practice. Graduates gain advanced expertise in applying international standards such as AAOIFI, IFSB, and IFRS, utilizing Shariah-compliant financial instruments, and evaluating the performance of Islamic financial institutions.

A key component of the master's program is scientific research, scientific and pedagogical training, the preparation and defense of a master's thesis, and professional research internships. These activities enable students to develop independent research capabilities, generate innovative ideas, utilize modern pedagogical and digital technologies, implement research outcomes in practice, and make strategic decisions in professional environments.

Graduates who successfully complete this master's program are awarded the qualification of Master of Islamic Economics and Finance. They are well prepared to pursue careers as researchers, university lecturers, financial analysts, risk managers, investment specialists, and experts in Shariah audit and Islamic finance consulting, contributing to the advancement of the Islamic finance industry both nationally and internationally.