BS Islamic Banking and Finance






8 Semesters (4 Years)


Eligibility Criteria

Intermediate or equivalent with a minimum of 45% marks


Program Mission

The Bachelor of Science in Islamic Banking and Finance has been designed to provide students with thorough knowledge and skills in the financial sector, with a particular focus on the influence and impact of Islamic frameworks on economics, banking and finance generally.

Program Objectives

  • To learn Basic concepts, theories and practices of economics, banking and finance.
  • To know the mechanisms and functioning of various large economies of the world and their interaction with each other.
  • To know various problems and issues in financial economies.
  • To understand the way in which banks, financial institutions and markets around the world operate4. To understand the way in which banks, financial institutions and markets around the world operate.
  • Islamic principles of economics and their application in banking and finance.


Program Title Number of semesters Course category Number of courses Credit hours Internship requirement Final year project/report/ viva
BS Islamic Banking and Finance 8 Major 23 69 Yes Yes
Allied 04 12
Specialization 04 12
General/Compulsory 16 30
Project+ Internship 02 (06+03)09
Total 49 132

Semester 1

Course Code Course Title Credit Hours Category
ISL-103 Teachings of Holy Quran I NC Compulsory
ENG-107 Functional English 3(3-0) Compulsory
GEN-104 Ideology & Constitution of Pakistan 2(2-0) Compulsory
CS-102 Application of Information & Communication Technologies 3(2-1) Compulsory
MATH-114 Business Mathematics 3(3-0) Allied
MGT-116 Business Economics 3(3-0) Allied
MGT-117 Principles of Islamic Jurisprudence 3(3-0) Major

Semester 2

Course Code Course Title Credit Hours Category
ISL-104 Teachings of Holy Quran II NC Compulsory
ENG-108 Expository Writing 3(3-0) Compulsory
ISL-101 Islamic Studies 2(2-0) Compulsory
ETH-100 Ethics
GEN-105 Creative Arts 2(2-0) Compulsory
MGT-118 Islamic Economics 3(3-0) Major
MGT-112 Principles of Management 3(3-0) Allied
MGT-119 Islamic Law of Business 3(3-0) Major

Semester 3

Course Code Course Title Credit Hours Category
ISL-201 Teachings of Holy Quran III NC Compulsory
GEN-202 Environmental Studies 3(2-1) Compulsory
STAT-301 Statistics 3(3-0) Compulsory
GEN-203 Community Service Learning 2(2-0) Compulsory
ECO-202 Principles of Marketing 3(3-0) Allied
MGT-217 Introduction to Islamic Banking and Finance 3(3-0) Major
MGT-218 Commercial Bank Management 3(3-0) Major

Semester 4

Course Code Course Title Credit Hours Category
ISL-202 Teachings of Holy Quran IV NC Compulsory
GEN-310 Research Methodology 3(3-0) Compulsory
GEN-206 Entrepreneurship 2(2-0) Compulsory
PSY-201 Psychology 2(2-0) Compulsory
FIN-115 Financial Accounting 3(3-0) Major
MGT-219 Islamic Bait-ul-Maal 3(3-0) Major
MGT-220 Islamic Banking Theory and Practice 3(3-0) Major

Semester 5

Course Code Course Title Credit Hours Category
MGT-324 Zakat and Public Finance 3(3-0) Major
MGT-325 Financial Management 3(3-0) Major
MGT-326 Islamic Asset and Fund Management 3(3-0) Major
MGT-327 Risk Management for Islamic Banks 3(3-0) Major
MGT-328 Takaful / Islamic Insurance 3(3-0) Major

Semester 6

Course Code Course Title Credit Hours Category
MGT-329 Fiqh ul Mamilat 3(3-0) Major
MGT-330 Shariah Auditing 3(3-0) Major
MGT-331 Islamic Product Development 3(3-0) Major
MGT-332 Islamic SME Financing 3(3-0) Major
- Elective-I 3(3-0) Specialization
- Elective-II 3(3-0) Specialization

Semester 7

Course Code Course Title Credit Hours Category
MGT-439 Islamic Microfinance 3(3-0) Major
MGT-440 AAOIFI Shariah Standards 3(3-0) Major
MGT-442 Islamic Financial Reporting 3(3-0) Major
MGT-443 Shariah Governance in Islamic Financials 3(3-0) Major
MGT-444 Islamic Entrepreneurship 3(3-0) Major
GEN-401 Internship 3(0-3) Compulsory

Semester 8

Course Code Course Title Credit Hours Category
MGT-410 Project 6(0-6) Compulsory
MGT-445 Business Ethics and Islam 3(3-0) Major
- Elective-III 3(3-0) Specialization
- Elective-IV 3(3-0) Specialization
Total Courses: 49
Total Credit Hours: 132

Elective Courses :

Course Code Course Title Credit Hours
IBF-311 Islamic Wealth Management 3(3-0)
IBF-312 Islamic Capital Markets 3(3-0)
IBF-313 Accounting for Islamic Financial Institutions 3(3-0)
IBF-411 Emerging Issues in Islamic Economics 3(3-0)
IBF-412 Principles of Islamic Trade 3(3-0)
IBF-413 Islamic Economies 3(3-0)