Masters in Islamic Banking and Finance (MIBF)
Preamble
The Masters degree in Islamic Banking and Finance (MIBF) is aimed at producing personnel who are very versatile in the principles, concepts and practices of Islamic banking and finance through provision of relevant education and training for practitioners in the banking and finance industry so as to be conversant with all aspects of the operations of Islamic banking. The programme is available on part time and full time basis.
Programme Objectives
- To provide opportunity for individuals with relevant working experience to acquire higher knowledge and training for a career in Islamic banking and finance.
- To train executives in the banking and finance industry desiring specialization in Islamic banking and finance in order to assist in expanding the banking and finance industry.
- To provide opportunity for fresh graduates in related disciplines to acquire deeper knowledge in Islamic banking and finance in order to prepare them for higher career in Islamic banking and finance industry.
Learning Outcome
At the end of the programme, the course graduates would be able to understand the principles, rules and practices of Islamic financial institutions. Moreover, they would be able to relate theories of Islamic banking and finance to economics, finance, accounting, management, law, Shari’ah, information technology and other related disciplines.
Programme Structure
A student is required to complete a minimum of 12 courses of 3 credit hours each, for a total of 36 credit hours. This shall include 8 core courses and 4 elective courses. Total credit hours upon graduation will be 42 credits. This shall include 6 credit hours for written dissertation in a chosen relevant area by the candidate.
| Core Courses – First Semester | ||
| Course Code | Course Title | Status |
| IBF 8301 | Islamic Economics | Core |
| IBF 8303 | Principles of Islamic Jurisprudence | Core |
| IBF 8305 | Legal Issues and Shari’ah Governance Islamic Finance | Core |
| IBF 8307 | Deposits and Financial Operations of Islamic Banks | Core |
| IBF 8309 | Islamic Capital Market | Elective |
| IBF 8311 | Wealth Planning and Management (Elective) | Elective |
| IBF 8313 | Islamic Financial Institutions and Markets (Elective) | Elective |
| IBF 8315 | Takaful and Re-Takaful (Elective) | Elective |
Second Semester
| Course Code | Course Title | Status |
| IBF 8302 | Islamic Financial Management Analysis | Core |
| IBF 8304 | Shari’ah Rules in Financial Transactions | Core |
| IBF 8306 | Statistics for Islamic Finance | Core |
| IBF 8308 | Risk Management in Islamic Financial Institutions | Core |
| IBF 8310 | Reporting of Islamic Financial Transactions | Elective |
| IBF 8312 | Managing Islamic Financial Institutions | Elective |
| IBF 8314 | Ethics and Governance | Elective |
| IBF 8316 | Investments in Islamic Banking and Finance | Elective |
| IBF 8318 | Structuring Financial Requirements | Elective |
| IBF 8600 | Project |
Pre-requisite Courses
Apart from the above mentioned core and elective courses, candidates may be required to register for pre-requisite courses depending on their background or academic qualifications.
Duration of Study
Full-Time: minimum of 2 semesters or 1 full academic session and a maximum of 4 semesters or two full academic sessions.
Part-Time: minimum of 4 semesters or two academic sessions and a maximum of 6 semesters or 3 full academic sessions.
Admission Requirements
- PGD in Islamic Banking and Finance (CGPA: 2.4 or above) obtained from Bayero University or any other recognized institution.
- A good MBA, MBF, MTM, MPA, MDS, MBCL and other related professional Master’s (CGPA: 3.5 or above) obtained from Bayero University or any other recognized institution.
- A Bachelor Degree (CGPA: 2.4 or above) in Accounting, Business Administration, Management, Islamic Studies, Islamic Law, Economics, Finance, Banking, or Insurance and other related programmes obtained from Bayero University or any other recognized institution.
- Any other qualification deemed equivalent to the above.
Graduation Requirements
A candidate is expected to earn a minimum of 42 credits which shall include 36 credits from examined courses taught in a classroom environment, and 6 from research Dissertation in relevant area of Islamic Banking and Finance. The Project is, however, not subject to oral examination. A student could be allowed to register for maximum of only 45 credits or attend classes in courses they have not registered for. However, no additional credits would be earned from such courses.