International Centre for Education in Islamic

International Centre for Education in Islamic

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Master of science in Islamic Finance Fees Structure, Admission, Intake, Deadline

  Study Mode FULL TIME
  Duration 2years
Intake Deadline


Overview of Master of science in Islamic Finance in International Centre for Education in Islamic Malaysia

When harnessed by the brightest minds, knowledge fuels innovation and progress.

With the MSc programme, you can use the knowledge gained to advance your career while also placing yourself among top innovators, fostering progressive developments in the industry, and around the world. Designed by renowned academicians and industry leaders from both conventional and Islamic finance, this programme allows you to balance your personal and professional commitments, while taking your career to new levels.

The MSc imparts thorough knowledge in the key areas of Islamic finance, Islamic economics and Shariah from both theoretical and applied aspects. Successful completion of the programme ensures that you would have acquired a comprehensive understanding of the economic, financial and legal environment in which providers of Islamic financial services operate. In addition, the programme sought to mould leaders equipped with expertise in both conventional and Islamic finance.


Component of Courses Credit Hours
1 9 Core Courses 27
2 3 Specialisation courses or 3 General Electives (to choose 3 courses or 9 credit hours) 9
3 Project Paper (10,000 – 15,000 words count) 6
Total Credit Hours to Complete 42


  • Bachelor's degree in Muamalat and recognised Islamic Finance or equivalent with a minimum CGPA of 2.50 out of 4.00.

  • Candidates with CGPA of below 2.50 but above 2.00, with a Bachelor’s degree from other fields may be considered, subject to additional internal assessments.

  • Admission via Accreditation of Prior Experiential Learning (APEL)

    • Malaysian citizen aged 30 years and above; and

    • Holding Diploma / STPM / Matriculation / A-level or equivalent;

    • Working and learning experience can be accredited; and

    • APEL assessment

  • English proficiency:

    • Malaysian University English Test (MUET): Band 4 and above; or

    • IELTS - band 6; or

    • TOEFL: 550 (PBT), 79 (IBT) and above;

  • Exemption:

    • Candidates from native English speaking countries
    • Candidates with academic qualifications from institutions using English as the full medium of instruction


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