Heralded as one of the world’s leading country in Islamic Banking research, Malaysia is on track to becoming a global hub for Islamic Finance as it continues to record double-digit growth. With that said, 56000 experts and professionals in the industry will be needed by 2020 in Malaysia.
It's not just dirhams and dinars. As Islamic Finance and Banking is not a sector but an approach, a role in an industry can cover a range of sectors within financial services, including retail banking, corporate banking, private banking, investment banking, insurance and asset management.
Here are 8 institutions in Malaysia that offer recognized degrees in Islamic Banking:
IUMW - International University of Malaya-Wales
Name of programme: Bachelor of Business Administration (Hons) in Islamic Finance
With a Setara Rating 5, you can become an expert in Islamic Finance at International University of Malaya-Wales (IUMW). This institution was established based on a mutual partnership between the University of Malaya (UM) and the University of Wales in the UK. Graduates may, subject to approval, be awarded dual certification conferred by IUMW and University of Wales.
The programme aims to inspire graduates to be innovative and proficient in a foreign language.
UCSI University Malaysia
Name of programme: BBA (Hons) Islamic Banking & Finance
UCSI University is among Malaysia’s first private institutions of higher learning and has been awarded a Setara Rating 5.
The programme aims to produce competent graduates with the fundamental knowledge and skills to undertake capital appraisals, financial assets valuation and management of investments and risks in various financial markets including equities, bond, FOREX, commodities and derivatives.
Name of programme: Bachelor (Hons) in Islamic Banking and Finance
With a Setara Rating 4, LimKokWing's Cyberjaya campus is the winner of the Highest Enrolment of Foreign Students Award and Special Award for Globalizing Malaysian Education from the Malaysian Ministry of Education.
This Islamic Banking & Finance degree program, aims at enabling the candidate to deeply understand the Islamic Banking operating system and the concepts of Islamic Finance through participation in class discussions and activities.
UMS - Universiti Malaysia Sabah
Name of programme: Bachelor of Islamic Finance (Hons)
Universiti Malaysia Sabah (UMS) with a Setara Rating 5 is equipped with world-class facilities. Students from UMS are active participants in international competitions and have shown their research and research products and inventions at international exhibitions.
This programme aims to evaluate critically and analytically all the theories and principles of Islamic knowledge and its relationship with the current development of Islamic financial system worldwide.
Universiti Malaysia Kelantan
Name of programme: Bachelor of Entrepreneurship (Islamic Finance & Banking) (Hons)
Universiti Malaysia Kelantan is developing at a rapid pace to internationalise its academic programmes. This programme is specifically designed to provide students with the ability to identify with and operate within the assumptions, standards and social values of the Islamic financial services industry.
Universiti Sultan Zainal Abidin
Name of programme: Bachelor of Business Administration (Islamic Finance)
Universiti Sultan Zainal Abidin (UniSZA) officially began the formation of a full-fledged university after the Prime Minister’s announcement in 2005. The university was formed in 2007 with an extended number of programs and disciplines.
The university is considered the biggest "comprehensive university" in the east coast of Peninsular Malaysia and to be one of the most respected Islamic-based institution of higher learning in Malaysia.
Universiti Sains Islam Malaysia (USIM)
Name of programme: Tahmidi for Accounting and Muamalat
Universiti Sains Islam Malaysia (USIM) aims to uphold and enhance Islamic studies and bring it into the national main education system through emphasis on using information technology in education and research system.
This pre-university programme prepares the students to enroll in either Bachelor of Accounting with Honours or Bachelor of Muamalat Administration with Honours, under Faculty of Economics and Muamalat.
UUM - Universiti Utara Malaysia
Name of programme: Bachelor Of Islamic Finance And Banking (Hons)
Established in 1984, Universiti Utara Malaysia (UUM) was solely set up for management education. Its College of Business (COB) has approximately 500 academic staff which makes it the business college with the largest number of academic staff in the country.
Upon completion of the programme, graduates are expected to apply the theoretical and practical knowledge in the area of Islamic finance and banking in fulfilling the human capital needs of the industry.
Find out more about the Islamic Banking and Finance course on Afterschool.my, Malaysians’ favourite one-stop guide for information on higher education in Malaysia.