Islamic Banking: a new hope to secure your career

Islamic Banking

Today, the global finance market revolves around the conventional banking system. However, over the recent years, Islamic banking has rapidly evolved into an essential tool among the financial sectors worldwide, by growing at a yearly rate of 17.6% between 2009 and 2013, and is estimated to grow by an average of 19.7% a year to 2018. It has become a more than $2 trillion market at the global level with several international and local banks have stepping into the Shariah-complaint financial industry by forming Islamic units and wings in their current banking system.

Some of the benefits that led Islamic banking to where it is today includes:

  • Supports Financial Justice:

One of the key principles of Islamic model is the financial justice; a balance for the profit or loss between the lender and the beneficiary rather than being biased on the entrepreneur/lender. The output received from a project funded by an Islamic financer is equally distributed amongst all the parties involved.

  • Financial Inclusion:

Muslims abstain from banking through the conventional banking system as it is based on paying/receiving an interest, which is strictly prohibited by the Shariah Law. Statistics show three-quarter of the world’s Muslims are unbanked. Hence, Islamic banking removes these barriers gives everyone a chance; to be benefited from the financial sector.

  • Strengthens Financial Stability:

In Islamic finance, the funds are approached cautiously and the decision-making process is carried out thoroughly. The companies, who perform uncertain; are normally kept aside from financial institutes. This is the reason why the Islamic financial institutes remained uninjured during the global financial crisis of 2008. With its vigilant audits and analysis, the Islamic financial institute minimises the occurrence of risk and improves financial steadiness.

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Islamic banking is a suitable option for both Muslims and non-Muslims. The market demands for Islamic banking qualified graduates are higher with over 50,000 professionals being required for the industry in the next five years. You can be one of them too!

Where can you find Islamic banking courses in Malaysia?

Postgraduate:

Asia Pacific University of Technology and Innovation (APU)

  • Master of Islamic Banking and Finance
  • Full Time: 16 months
  • Dual degree award by APU, Malaysia and Staffordshire University, UK

Universiti Utara Malaysia (UUM)

Master of Science (Islamic Banking) (By Research): Full Time: Minimum of 4 semesters to maximum of 9 semesters
Doctor of Philosophy (PhD) – Islamic Banking and Finance (By Research): Full Time: Minimum of 4 semesters to maximum of 10 semesters

Undergraduate:

Asia Pacific University of Technology and Innovation (APU)

Bachelor in Islamic Banking and Finance (Hons)

  • Full Time: 3 years
  • The program covers three levels. This is a dual degree award by APU, Malaysia and Staffordshire University, UK. APU Banking and Finance Degree programmes are accredited by The Financial Accreditation Agency (FAA).

The University of Nottingham Malaysia Campus

  • BSc (Hons) in Banking and Finance with Islamic Banking
  • Full Time: 3 years

Limkokwing University of Creative Technology

  • Bachelor (Hons) in Islamic Banking and Finance
  • Full Time: 3 years

 

Universiti Tun Abdul Razak (UNIRAZAK)

  • Bachelor of Business Administration (Islamic Banking and Finance) (Hons)
  • Full Time: 3 years

Kolej Universiti Islam Melaka

  • Bachelor of Islamic banking and Finance (Hons)
  • Full Time: 3.5 years

 

Click to register for this program now!

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