Explore our Graduate Programs in Islamic Finance
We offer two distinct Master’s tracks designed to meet the needs of both industry professionals and academic researchers in the field of Islamic finance.
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Track E: Executive Master’s in Islamic Finance (EMIF) – Ideal for working professionals seeking practical, flexible coursework to advance in their Finance careers and knowledge.
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Track R: Master of Arts in Islamic Economics and Finance – Tailored for researchers and educators focused on academic scholarship and advancing the field of Islamic Finance through research.
Scroll down to learn more and find the program that fits your goals and journey in Islamic Finance.
Program Details
Comprehensive and Flexible Islamic Finance Graduate Degree Programs
Flexible Study Format
Online/live sessions or
Self-Paced Study
Instruction Medium: English
Executive Masters (Track E)
Tuition and Fees
Per Credit: $100
Monthly: $400
Total: $5200
Islamic Finance and Economics (Track R)
Tuition and Fees
Per Credit: $100
Monthly: $383
Total: $5750
Full-Time Completion Time
3 Quarters per Year: ~1.5 years
4 Quarters per Year: 1 years
Study Time Options
Full Time: 2 courses per quarter
Part Time: 1 courses per quarter
Which Track is Best for You?
The Executive Master’s in Islamic Finance provides working professionals with advanced, practical knowledge in the principles and applications of Islamic finance. Designed with flexibility in mind, this program allows students to tailor their coursework to align with their career goals and industry needs. Whether currently employed in the Islamic finance sector or aspiring to enter the field, students will gain the tools to enhance their professional profile, deepen their understanding of Shariah-compliant financial systems, and advance toward leadership positions within Islamic financial institutions.
The Master of Arts in Islamic Economics and Finance is designed for academics, instructors, and researchers committed to advancing Islamic financial theory and contributing to scholarly discourse. This research-focused program offers in-depth study of both classical Islamic economic principles and contemporary financial systems. Students will engage in critical analysis, develop strong research skills, and complete a thesis that prepares them for publication, teaching, or continued doctoral studies in the field of Islamic finance.
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
Admission Requirements
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Copy of Valid Passport or ID: Please provide a clear image of your valid passport or photo ID to verify your identity.
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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.
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Most Recent College or University Diploma and Transcripts: Applicants must have completed an undergraduate degree. Official transcripts must be submitted.
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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.
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Application Fee: The application fee for a master’s degree program is $50.
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Additional Requirements for Applicants without an Academic Background in Islamic Studies: If your undergraduate or graduate degree does not include an academic background in Islamic Studies, you are required to fulfill the admission requirements for the graduate program by completing four undergraduate-level courses. These courses should cover foundational topics in Islamic Studies. You can complete these courses at your own pace, or if you already have sufficient knowledge of Islamic Studies, you can take exams for these courses.