B.Sc. in Islamic Economics, Banking and Finance
Banjul, Gambia
BSc
DURATION
12 years
LANGUAGES
English
PACE
Full time, Part time
APPLICATION DEADLINE
EARLIEST START DATE
STUDY FORMAT
Distance Learning
Key Summary
About: Islamic Online University offers a tuition-free B.Sc. in Islamic Economics, Banking and Finance (B.Sc. IBE), founded by Dr. Bilal Philips. This first tuition-free bachelor’s in Islamic banking and economics trains students in Sharia-compliant finance, Islamic economics, halal investments and interest-free banking and prepares them for further study.
Career Outcomes: Graduates can enter roles such as Islamic banking officer, Sharia compliance officer, Islamic finance analyst, investment consultant, risk manager or microfinance specialist. Analysts such as A.T. Kearney expect up to 30,000 new Islamic banking jobs in the Gulf over the next decade, expanding regional and international opportunities and beyond worldwide.
B.Sc. in Islamic Economics, Banking, and Finance (B.Sc. IBE)
The Islamic Online University presents the world’s first tuition-free Bachelor’s Degree program in Islamic Banking and Economics. This degree opens the door to a possible career in an exciting, expanding and beneficial field, and is a stepping stone for further studies. “Allah has permitted trade and has forbidden interest.” (Qur’an, 2:275) In today’s world flooded with interest-based transactions, unlawful bank contracts, and investments the need for Islamic banking is increasing. Many countries have recently seen a rise in demand for Islamic banking services. Analysts expect that at the current rate of expansion, in the next 8 to 10 years the Islamic banking network in the UAE will overtake the conventional banking system. Job opportunities within the Islamic banking field are also on the rise. According to a study by A.T. Kearney, one of the world’s largest management consulting firms, “up to 30,000 new Islamic banking jobs will be required in the Gulf States within the next decade.” While the Middle East still offers growth opportunities there is big potential for growth in countries such as Indonesia, Bangladesh, India, and countries from North Africa and Central Asia which have a substantial Muslim population.
