Shape Your Future in Islamic Finance
Master’s degree
Master’s Degree Program in Islamic Economics & Finance
The Master’s Degree in Islamic Economics & Finance encompasses two different components. Successful completion of the two components (total of 36 credit hours) courses and the Graduation Capstone entitles the candidate to earn a Master’s Degree in Islamic Economics & Finance.
The Graduation Capstone allows for four options: Exam, Professional Paper, Thesis, or Internship. The thesis option is designed for those students wishing to pursue a PhD in Islamic Finance.
Completion of the first year courses (18 credit hours) will result in a Post Baccalaureate Certificate of Islamic Finance Professional.
Get Started
2 Years
Approximately
36
Total Credits
$125
Cost Per Credit
Online/Live
Format
MAEF Degree Program Outcomes:
Graduates of the MAEF program will be able to:
- PLO 1 (Knowledge): Exhibit advanced and operational knowledge of Islamic economics and finance, including financial markets, financial institutions, financial instruments, risk management, and investment strategies.
- PLO 2 (Application & Skills): Apply conceptual understanding, analytical skills, and critical thinking to evaluate contemporary issues in Islamic finance.
- PLO 3 (Research and Scholarly Writing): Demonstrate expertise in Islamic finance by conducting publishable-quality research in Islamic finance or economics, or by producing a professional paper or internship report.
- PLO 4: Demonstrate managerial competence in Islamic financial institutions through effective and responsible leadership.
- PLO 5: Develop ethically and professionally responsible Islamic finance solutions that contribute to sustainable economic and societal advancement.
Program Course List:
Post Baccalaureate Certificate of Islamic Finance Professional
Year One Courses (18 Credit Hours – Full Time)
Spring Semester
| Course Code | Course Name | Cr. Hrs. | Pre-Requisites |
|---|---|---|---|
| MAEF610 | Research Methodology | 3 | None |
| MAEF620 | Islamic Economics | 3 | None |
Summer Semester
| Course Code | Course Name | Cr. Hrs. | Pre-Requisites |
|---|---|---|---|
| MAEF630 | Islamic Finance Principles & Fiqh | 3 | None |
| MAEF640 | Accounting For Islamic Institutions | 3 | None |
Fall Semester
| Course Code | Course Name | Cr. Hrs. | Pre-Requisites |
|---|---|---|---|
| MAEF650 | Islamic Capital Market | 3 | None |
| MAEF660 | Islamic Portfolio Management | 3 | None |
Year Two Courses (18 Credit Hours – Full Time)
Spring Semester
| Course Code | Course Name | Cr. Hrs. | Pre-Requisites |
|---|---|---|---|
| MAEF710 | Islamic Finance Contracts | 3 | None |
| MAEF720 | Islamic Financial Transactions | 3 | MAEF660 |
Summer Semester
| Course Code | Course Name | Cr. Hrs. | Pre-Requisites |
|---|---|---|---|
| MAEF730 | Islamic Corporate Finance | 3 | None |
| MAEF740 | Islamic Banking & Insurance | 3 | None |
Fall Semester
| Course Code | Course Name | Cr. Hrs. | Pre-Requisites |
|---|---|---|---|
| MAEF750 | Risk Management in Islamic Institutions | 3 | None |
| MAEF770 | Graduation Capstone | 3 | Completion of All MAEF Courses |