Masters in Islamic Finance Practice (MIFP)
Kuala Lumpur, Malaysia
DURATION
1 up to 4 Years
LANGUAGES
English
PACE
Full time, Part time
APPLICATION DEADLINE
13 Jun 2025*
EARLIEST START DATE
Jun 2025
TUITION FEES
MYR 39,644 **
STUDY FORMAT
On-Campus
* Please ensure that your application is submitted before the deadline as displayed.
** approximate equivalent to USD 8,470 at exchange rate of 4.68
Key Summary
Introduction
Why Masters in Islamic Finance Practice (MIFP)?
Designed for working professionals, our comprehensive MIFP program takes you beyond Islamic finance, imparting knowledge and instilling values, as you prepare to join the industry's top brass.
The MIFP program is a postgraduate course aimed at producing industry practitioners with global insight, holistic knowledge, and cutting-edge expertise in Islamic finance. It is accredited by the Malaysian Qualifications Agency (MQA), and is developed by renowned academicians and experts from both conventional and Shariah financial fields, ensuring that students graduate with knowledge of both disciplines.
The course modules cover a wide range of critical topics ranging from wealth management, banking, and investment to financial services, ethics, and governance. Students will obtain a comprehensive and practical understanding of Islamic economics, finance, and Shariah as well as the environment in which Islamic finance players operate.
The INCEIF Edge
The Malaysian Advantage
Experience Islamic Finance in action in the cradle of modern Islamic Finance where strong regulatory support has resulted in a robust industry.
Network With Industry Experts
In addition to attending regular classes and tutorials, students will get the opportunity to interact with seasoned leaders during talks where invited industry speakers share the practical aspects of Islamic Finance.
Curriculum
MIFP requires the completion of 7 core courses, 3 elective courses, and a Project Paper.
Total credit hours: 42
Core Courses (21 credit hours)
- Data Analytics For Business
- Business Strategy And Policy
- Economics For Islamic Finance
- Shariah Aspects Of Business And Finance
- Shariah Rules And Issues
- Ethics And Professionalism
- Action Based Learning
Elective (9 credit hours)
Choose 3
- Accounting For Islamic Finance
- Islamic Insurance
- Islamic Banking Practices
- Risk Management For Islamic Financial Institutions
- Islamic Capital Market
- Portfolio Management
- Sustainability Management And Investment
- Wealth Planning And Management
- Commercial Law And Legal Documentation For Islamic Financial Services
- Audit And Compliance
- Social Finance
Project Paper (12 credit hours)
Action-Based Learning (ABL)
ABL provides an innovative approach to learning by setting practical tasks and activities for students to complete in a real workplace. This will provide students with the opportunity to translate their academic-based knowledge into action by solving real business issues or developing new solutions for the industry.
List of Organisations Involved in ABL Projects
- IAP Integrated Sdn Bhd
- OCBC Al Amin Berhad
- Malaysian Takaful Association
- Bank Muamalat Indonesia
- EcoKnights
- Ethis Ventures Sdn Bhd
- AmMetLife Takaful Berhad
- QSR Brands (M) Holdings Berhad
- Etiqa Takaful
- Lembaga Zakat Negeri Kedah
- Prudential BSN Takaful Berhad
- United Overseas Bank (Malaysia) Berhad