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Executive Masters in Islamic Finance (Track E)

The International Islamic University of Minnesota proudly presents the Executive Master’s Degree in Islamic Finance, specifically designed for professionals seeking to advance their careers in the Islamic finance industry. This distinguished program provides a practical and comprehensive understanding of Shariah-compliant financial systems, equipping students with the knowledge and skills needed to thrive in today’s dynamic financial landscape.

Learning Outcomes:
Graduates of this program will:

  • Develop a solid understanding of the core principles of Islamic finance and economics.

  • Gain practical knowledge of Shariah-compliant financial instruments and industry applications.

  • Strengthen their ability to navigate ethical, legal, and operational challenges in Islamic financial institutions.

  • Enhance their professional profile and prepare for leadership roles within the Islamic finance sector.

Program Features

Flexible
Study Format

Online/live sessions or
Self-Paced Study

Tuition and Fee

Per Credit: $100

Monthly: $400

Total: $5200

Full-Time  Completion Time

3 Quarters per Year: 1.5 years

4 Quarters per Year: 1 year

Instruction Medium

English 

Study Time Options

Full Time: Minimum 2 courses per quarter

Part Time: Minimum 1 courses per quarter

Degree Completion Requirements

Total: 50 quarter credits

10 Courses from Course Offerings Must be Completed: 5 Credits each

Curriculum Details

    1. IFEC500 – Islamic Finance Principles (5 Credits)
      An overview of the ethical and legal foundations of Islamic finance, introducing key concepts like risk-sharing, profit-and-loss sharing, and the prohibition of interest (riba), with insights into its global relevance.

    2. IFEC501 – Islamic Financial Transactions I (5 Credits)
      Covers foundational Islamic contracts such as Murabahah, Musharakah, and Mudarabah, examining their ethical foundations, real-world applications, and Sharia-compliant regulatory frameworks.

    3. IFEC502 – Modern Financial Instruments (5 Credits)
      Explores contemporary Islamic financial instruments including Sukuk, ETFs, forex, and REITs, addressing both asset-backed and asset-based products within global financial markets.

    4. IFEC503 – Wealth & Portfolio Management (5 Credits)
      Guides students through financial planning for Muslims, covering personal investments, retirement strategies, and portfolio management with a focus on diversification and risk alignment.

    5. IFEC504 – Islamic Banking (5 Credits)
      Introduces the structure, instruments, and ethical principles of Islamic banking, comparing it to conventional banking and analyzing regulatory environments through global case studies.

    6. IFEF505 – Home Financing and Real Estate (5 Credits)
      Focuses on Sharia-compliant real estate financing models like Musharakah and Murabahah, examining ethical and economic implications using actual contracts and market examples.

    7. IFEF506 – Management & Accounting for IFIs (5 Credits)
      Covers the operational, managerial, and accounting challenges in Islamic Financial Institutions, emphasizing regulatory compliance and ethical financial practices.

    8. IFEF507 – Risk Management for IFIs (5 Credits)
      Analyzes credit, market, and operational risks unique to Islamic finance and explores strategies for mitigation within Islamic Financial Institutions.

    9. IFEF508 – Islamic Financial Ethics (5 Credits)
      Highlights the moral and ethical responsibilities of professionals in Islamic finance, promoting values of honesty, fairness, and integrity in the workplace.

    10. IFEF509 – Islamic Corporate Finance (5 Credits)
      Explores corporate financial decision-making within an Islamic framework, emphasizing risk-sharing, interest prohibition, and ethical investments.

    11. IFEF510 – Islamic Capital Markets (5 Credits)
      Delves into the structure and functioning of Islamic capital markets, covering investment strategies, instruments, and regulatory frameworks.

    12. IFEF511 – Islamic Insurance – Products & Practices (5 Credits)
      Explores the principles and operation of Takaful, providing a deep understanding of Islamic insurance models and their application in global markets.

    13. IFEF512 – Islamic FinTech and Digitalization (5 Credits)
      Examines how technological innovation is shaping Islamic finance, focusing on topics like digital banking, blockchain, cryptocurrencies, and AI within a Sharia-compliant context.

    14. IFEF513 – Global Islamic Economics (5 Credits)
      Focuses on the role of Islamic finance in global economic development, analyzing macroeconomic and microeconomic trends in Muslim-majority regions and the impact on equitable growth.

What Our Students
Say About Us

I love the weekend format! It fits seamlessly into my busy life, and the classes are not only informative but also highly engaging. I look forward to each session!

Fateema Karim

Studying at IIUMN has been an incredible journey, offering deep courses in Islamic sciences and expert guidance from instructors at every step.

Khalid Azizi

The professors at IIUMN are highly knowledgeable, offering deep insights and clear guidance that make learning truly enriching.

Ali Hassan

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Admission Requirements

  1. Copy of Valid Passport or ID: Please provide a clear image of your valid passport or photo ID to verify your identity.

  2. Personal Statement: A personal statement is required. This should outline your interest in the program, your career goals, and why you believe you would be a good fit for the program.

  3. Most Recent College or University Diploma and Transcripts: Applicants must have completed an undergraduate degree. Official transcripts must be submitted.

  4. Application Form: Applicants must submit a fully completed application form through the university's online application system. It is essential that all sections of the form are thoroughly and accurately completed to ensure your application is properly considered.

  5. Application Fee: The application fee for a master’s degree program is $50.

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