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As the world of finance continues to evolve, BS Islamic banking and finance have emerged as significant players in the global economic landscape. In Pakistan, this sector has gained substantial momentum, holding considerable assets in the financial market. The Bachelor of Science BS Islamic Banking and Finance is a comprehensive program designed to equip students with thorough knowledge and skills in this growing field.
Eligibility Criteria
The eligibility criteria for BS Islamic Banking and Finance typically include a minimum of 60% marks in public sector universities and 45% in Private universities Intermediate or equivalent examinations.(FA, FSc, Icom, ICS)
What is BS Islamic Banking and Finance?
“The Bachelor of Science BS in Islamic Banking and Finance is a 4-year degree program that equips students with comprehensive knowledge and skills in the financial sector as it applies to Islam.” The curriculum includes courses in business management, banking, finance, statistics, Islamic financial jurisprudence, and commercial and banking law.
This post is a part of our series “Best degrees after 12th commerce I.Com in Pakistan”. You can read on the below link.
Best degrees after 12th commerce I.Com in Pakistan
BS Islamic Banking and Finance Colleges and Universities
Some of the top-notch universities offering this program include NUST, Quaid-e-Azam University, University of the Punjab, University of Karachi, and University of Peshawar. These institutions are spread across different cities of Pakistan, including Islamabad, Lahore, Karachi, Peshawar, and Quetta.
Here’s a list of all institutions offering BS Islamic Banking & Finance:
| S.No | University Name | City | Degree, Duration | Admissions |
|---|---|---|---|---|
| 1. | Government College Women University | Faisalabad | BS, 4 Years | Fall Semester |
| 2. | International Islamic University | Islamabad | BS, 4 Years | Fall Semester |
| 3. | University Of Karachi | Karachi | BS, 4 Years | Fall Semester |
| 4. | University Of Kotli | Kotli | BS, 4 Years | Fall Semester |
| 5. | The University Of Faisalabad | Faisalabad | BS, 4 Years | Fall Semester |
| 6. | Shifa Tameer-e-millat University | Islamabad | BS, 4 Years | Fall Semester |
| 7. | Iqra University | Karachi | BS, 4 Years | Fall Semester |
| 8. | Hajvery University | Lahore | BS, 4 Years | Fall Semester |
| 9. | Minhaj University | Lahore | BS, 4 Years | Fall Semester |
| 10. | The University Of Lahore (Main Campus) | Lahore | BS, 4 Years | Fall Semester |
| 11. | University Of Management And Technology | Lahore | BS, 4 Years | Fall Semester |
| 12. | Lahore School Of Accountancy & Finance | Lahore | BS, 4 Years | Fall Semester |
BS Islamic Banking and Finance Subjects and Course Outline
The BS Islamic Banking and Finance degree is designed to provide students with a deep understanding of the principles and practices of Islamic banking and finance. The curriculum encompasses various courses, each carefully structured to ensure students acquire the necessary skills and knowledge to excel in this field.
Semester 1
| Course Title | Credit Hours |
| Teachings of Holy Quran I | NC |
| Functional English | 3(3-0) |
| Ideology & Constitution of Pakistan | 2(2-0) |
| Application of Information & Communication Technologies | 3(2-1) |
| Business Mathematics | 3(3-0) |
| Business Economics | 3(3-0) |
| Principles of Islamic Jurisprudence | 3(3-0) |
Semester 2
| Course Title | Credit Hours |
|---|---|
| Teachings of Holy Quran II | NC |
| Expository Writing | 3(3-0) |
| Islamic Studies | 2(2-0) |
| Ethics | |
| Creative Arts | 2(2-0) |
| Islamic Economics | 3(3-0) |
| Principles of Management | 3(3-0) |
| Islamic Law of Business | 3(3-0) |
Semester 3
| Course Title | Credit Hours |
|---|---|
| Teachings of Holy Quran IV | NC |
| Research Methodology | 3(3-0) |
| Entrepreneurship | 2(2-0) |
| Psychology | 2(2-0) |
| Financial Accounting | 3(3-0) |
| Islamic Bait-ul-Maal | 3(3-0) |
| Islamic Banking Theory and Practice | 3(3-0) |
Semester 4
| Course Title | Credit Hours |
|---|---|
| Zakat and Public Finance | 3(3-0) |
| Financial Management | 3(3-0) |
| Islamic Asset and Fund Management | 3(3-0) |
| Risk Management for Islamic Banks | 3(3-0) |
| Takaful / Islamic Insurance | 3(3-0) |
Semester 5
| Course Title | Credit Hours |
|---|---|
| Fiqh ul Mamilat | 3(3-0) |
| Shariah Auditing | 3(3-0) |
| Islamic Product Development | 3(3-0) |
| Islamic SME Financing | 3(3-0) |
| Elective-I | 3(3-0) |
| Elective-II | 3(3-0) |
Semester 6
| Course Title | Credit Hour |
|---|---|
| Islamic Microfinance | 3(3-0) |
| AAOIFI Shariah Standards | 3(3-0) |
| Islamic Financial Reporting | 3(3-0) |
| Shariah Governance in Islamic Financials | 3(3-0) |
| Islamic Entrepreneurship | 3(3-0) |
Semester 7
| Course Title | Credit Hours |
|---|---|
| Project | 6(0-6) |
| Business Ethics and Islam | 3(3-0) |
| Elective-III | 3(3-0) |
| Elective-IV | 3(3-0) |
Semester 8
| Course Title | Credit Hour |
|---|---|
| Islamic Wealth Management | 3 (3-0) |
| Islamic Capital Markets | 3 (3-0) |
| Accounting for Islamic Financial Institutions | 3 (3-0) |
| Emerging Issues in Islamic Economics | 3 (3-0) |
| Principles of Islamic Trade | 3 (3-0) |
| Islamic Economies | 3(3-0) |
BS Islamic Banking and Finance Online and Distance Learning
In the digital age, distance and online learning have become increasingly popular. They offer flexibility and convenience, making it possible for people to gain quality education from anywhere in the world. If you’re interested in pursuing a BS in Islamic Banking and Finance but can’t attend classes on campus, consider enrolling in an online program.
Two top universities in Pakistan, Allama Iqbal Open University (AIOU) and Virtual University (VU), offer excellent online programs in Islamic Banking and Finance.
Let’s compare these two programs:
Allama Iqbal Open University (AIOU)
Key Features
- BS Islamic Finance 4 Years
- Offers a comprehensive curriculum that covers the fundamentals of Islamic banking and finance.
- Provides video lectures, e-books, and other online resources for effective learning.
- Offers flexible study hours, allowing students to learn at their own pace.
- Conducts online assessments and exams.
Virtual University (VU)
Key Features
- AD Islamic banking and finance 2 years
- Provides a thorough understanding of the principles and practices of Islamic banking and finance.
- Offers interactive online classes and discussion forums.
- Provides access to a digital library and other online resources.
- Conducts online quizzes, assignments, and exams.
Read this guide to understand the scope of BS islamic banking and finance in Pakistan.
Scope Of BS Islamic Banking And Finance In Pakistan
BS Islamic Banking and Finance at Government College University Faisalabad (GCUF)
If you’re considering a career in the rapidly expanding field of Islamic Banking and Finance, then the Bachelor’s degree program at Government College University Faisalabad (GCUF) is an excellent option to consider. This section will outline key aspects of the program at GCUF, offering a comprehensive view of what it entails.
Program Overview
This intensive four-year program is designed to equip students with a deep understanding of the principles and practices of Islamic banking and finance. It provides students with the necessary skills to excel in this growing industry.
Key Features of the Program:
- Duration: 4 Years (8 Semesters)
- Total Credit Hours: 130
- Eligibility Criteria: Intermediate or equivalent with at least 45% marks
Why Choose GCUF for BS Islamic Banking and Finance?
When comparing GCUF with other universities, several factors make GCUF stand out:
- Renowned Faculty: GCUF has a team of highly qualified and experienced faculty members who are experts in their respective fields.
- Comprehensive Curriculum: The curriculum is designed to cover all aspects of Islamic banking and finance, providing students with a well-rounded education.
- State-of-the-Art Facilities: GCUF offers modern classrooms and labs, a well-stocked library, and other facilities to enrich the learning experience.
- Career Support: GCUF provides career counseling and placement support to help students transition into the job market smoothly.
BS Islamic Banking and Finance Fee Structure
Choosing a university to pursue your BS in Islamic Banking and Finance involves considering several factors, one of the most important of which is the fee structure. Here, we provide a comparison of the fee structures of some popular universities offering this course.
| University | Fee |
|---|---|
| Allama Iqbal Open University (AIOU) | PKR 25500 per semester |
| Virtual University (VU) | PKR 10350 per semester |
| Government College University Faisalabad (GCUF) | PKR 45,000 per semester |
| Institute of Business Administration (IBA) | PKR 115,000 per semester |
| National University of Sciences and Technology (NUST) | PKR 90,000 per semester |
This table presents an overview of the tuition fees for a semester at each university. Keep in mind that these figures are estimates and may vary depending on factors such as additional charges and fee increases.
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