Master of Islamic Banking and Finance | Asia Pacific University (APU)

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Master of Islamic Banking and Finance


Full time (12-18 months)


Asia Pacific University (APU)



This programme is specifically designed to provide:

  • In depth knowledge and a wide range of skills in Islamic Finance, banking and investment, that allow students to be capable of meeting the growing needs of the industry.
  • Support in the vision and ambition of the Malaysian government to make Malaysia a centre of innovation and excellence in the Islamic financial world.

Admission Requirements

  • Bachelor’s degree with minimum CGPA of 2.5 or equivalent as acceptable by the Senate.
  • Bachelor’s degree not meeting CGPA 2.5 but above CGPA 2.0; may be accepted subject to the internal rigorous assessment.
  • If applicants without Islamic Trade (Muamalat) and Islamic Finance Bachelor’s Degree are admitted, prerequisite modules in Islamic Trade (Muamalat), Islamic Economics, Islamic Finance, Islamic Management or Islamic Accounting must be taken to adequately prepare them for their advanced studies.

Who should attend

This programme is specifically designed to produce professionals equipped with expertise in both the conventional finance and Shariah for a career in the banking services or investment as well as any Islamic financial institutions. It is also for those executives and managers desiring specialisation in Islamic banking and finance in order to assist personal development and career advancements in the banking and finance industry.

The Benefits of This Programme

On successful completion of this programme, you will be able to :

  • Demonstrate a comprehensive knowledge of contemporary issues in Islamic and conventional finance and ability to compare and contrast between Islamic and conventional financial markets in a global setting.
  • Identify the ethical and legal responsibilities in Islamic and conventional finance and determine their impact on financial decision making.
  • Plan and conduct a research project in a professional and ethical manner.
  • Analyze and respond to Islamic financial management problems and opportunities to think critically and suggest possible solutions.
  • Conceptualize Islamic financial management issues into coherent written statements and oral presentations.

Modules & Project / Dissertation

The modules of this programme will provide the knowledge and analytical skills to explore and explain the principles and practices of Islamic banking and finance.

Core Modules
  • Quantitative Methods For Decision Making
  • Islamic Financial Institutions and Markets
  • Islamic Banking Products and Services
  • Islamic Jurisprudence
  • Islamic Economics
  • Islamic Banking Operations
  • Islamic Risk Management
  • Islamic Capital Markets
  • Takaful
  • Research Methodology
  • Dissertation


The dissertation helps you to develop the kind of skills you will need for work in a variety of careers, as well as to develop your specific ability to research and analyse academic problems.

The research will enable you to exercise critical judgment and illustrate how economic analysis has relevance to financial decision making. The main purpose of this dissertation/project undertaking is to allow you to explore your area of interest and to apply the right approach or methodology and again to arrive at the rightful solutions that best suit or solve the problems at hands. You will be expected to deal with your chosen topic in a competent and scholarly manner, and to display critical discrimination and a sense of proportion in evaluating evidence and the opinions of others.

Course Fees: 

Malaysian Students

International Students

RM 29,500

RM 36,800 (USD 9,560) 

Fees stated above do not include Enrolment Fees, Registration Fees and other Miscellaneous Fees.


All information is correct at the time of publication, but is subject to change in the interest of continuing improvement.