Associate Degree Program in Islamic Banking
The Associate Degree Program in Islamic Banking is a specialized educational program that has been designed for individuals who have completed 12 years of education and are interested in learning about the principles, concepts, and practices of Islamic banking. This program aims to provide students with an in-depth understanding of the essential aspects of Islamic banking operations. To equip the students with the knowledge and skills necessary to pursue entry-level jobs in the Islamic banking sector.
Islamic banking is a rapidly growing parallel banking system in Pakistan and worldwide. It is a system that is based on the principles of Shariah, which prohibits interest-based transactions and promotes ethical and socially responsible financial practices. The Associate Degree Program in Islamic Banking aims to familiarize students with the basic principles of Shariah and their application in Islamic banking operations.
The program covers a range of topics, including the fundamentals of Islamic economics, the principles of Shariah, the structure and functioning of Islamic financial institutions, and the various products and services offered by Islamic banks. Students also learn about the regulatory framework governing Islamic banking in Pakistan and worldwide.
The program is designed to provide students with a well-integrated knowledge of Islamic banking and Islamic finance. It includes practical training and hands-on experience through internships and industry collaborations. This approach allows students to gain a comprehensive understanding of the Islamic banking industry and the skills necessary to succeed in it.
Eligibility
12 years of Education, minimum 45% marks, FA/FSC/ICS/I.COM
- Candidates who have completed ‘A’ levels must provide an equivalence certificate from the Inter Board Committee of the Chairman in Islamabad.
- Candidates with less than 45% marks can be admitted after completing the “Zero Semester”.
Course exemption is available for this program
Degree Duration
This program is a two-year full-time course, divided into four semesters, each semester has at least 18 weeks for teaching and examinations.
Study Scheme
Semester 1
| Course Code | Subject Title | Type | Pre Requisite | Credit Hours | Specialization |
|---|---|---|---|---|---|
|
CS101
|
Introduction to Computing |
Required |
|
3 (Theory:3), Practical:0) |
|
|
ECO401
|
Economics |
Required |
|
3 (Theory:3), Practical:0) |
|
|
ENG101 |
English Comprehension |
Required |
|
3 (Theory:3), Practical:0) |
|
|
MTH302 |
Business Mathematics & Statistics |
Required |
|
3 (Theory:3), Practical:0) |
|
|
SOC101 |
Introduction to Sociology |
Required |
|
3 (Theory:3), Practical:0) |
|
|
ETH202 |
Ethics (for Non-Muslims) |
Elective |
|
2 (Theory:2), Practical:0) |
|
|
ISL202 |
Islamic Studies |
Elective |
|
2 (Theory:2), Practical:0) |
|
|
VU001 |
Introduction to e-Learning |
Required |
|
1 (Theory:1), Practical:0) |
|
Semester 2
| Course Code | Subject Title | Type | Pre Requisite | Credit Hours | Specialization |
|---|---|---|---|---|---|
|
ENG201
|
Business and Technical English Writing |
Required |
|
3 (Theory:3), Practical:0) |
|
|
MGT101
|
Financial Accounting |
Required |
|
3 (Theory:3), Practical:0) |
|
|
MGT211 |
Introduction To Business |
Required |
|
3 (Theory:3), Practical:0) |
|
|
MGT301 |
Principles of Marketing |
Required |
|
3 (Theory:3), Practical:0) |
|
|
MGT503 |
Principles of Management |
Required |
|
3 (Theory:3), Practical:0) |
|
|
PAK301 |
Pakistan Studies |
Required |
|
2 (Theory:2, Practical:0) |
|
Semester 3
| Course Code | Subject Title | Type | Pre Requisite | Credit Hours | Specialization |
|---|---|---|---|---|---|
|
ACC501
|
Business Finance |
Required |
|
3 (Theory:3), Practical:0) |
|
|
BNK610
|
Islamic Banking Practices |
Required |
|
3 (Theory:3), Practical:0) |
|
|
FIN624 |
slamic Modes of Finance |
Required |
|
3 (Theory:3), Practical:0) |
|
|
MCM301 |
Communication skills |
Required |
|
3 (Theory:3), Practical:0) |
|
|
MGT501 |
Human Resource Management |
Required |
|
3 (Theory:3), Practical:0) |
|
|
PSY101 |
Introduction to Psychology |
Required |
|
3 (Theory:3, Practical:0) |
|
Semester 4
| Course Code | Subject Title | Type | Pre Requisite | Credit Hours | Specialization |
|---|---|---|---|---|---|
|
BNK611
|
Economic Ideology in Islam |
Required |
|
3 (Theory:3), Practical:0) |
|
|
BNK612 |
Financial Jurisprudence in Islam |
Required |
|
3 (Theory:3), Practical:0) |
|
|
BNK613 |
Islamic Ethics in Business |
Required |
|
3 (Theory:3), Practical:0) |
|
|
MGT411 |
Money & Banking |
Required |
|
3 (Theory:3), Practical:0) |
|
|
BNK619 |
Final Project-Banking |
Elective |
|
3 (Theory:3), Practical:0) |
|
|
BNKI619 |
IInternship Report-Banking |
Elective |
|
3 (Theory:3, Practical:0) |
|
Assessment of Study Progress
Student’s academic progress is assessed continuously during the semester through assignments, online quizzes, Graded Discussion Boards (GDBs), midterm exams, and final exams. The midterm and final exams, which make up 80-85% of a course, are managed at the locations of the virtual university’s designated exam centers all over Pakistan and overseas.
Project or Internship
- Students must complete a Final Year Project of 3 Credit Hours. Students must consult their advisor before selecting a final project. They must submit a written report and may be asked to present it.
- Internship course students must complete a 6 to 8-week internship in an organization and obtain an internship letter from that organization. Currently employed students are exempt from the internship requirement but must submit a project.
Degree Awarded
In order to be awarded an Associate Degree in Islamic Banking, a student must complete at least 69 credit hours of coursework with a minimum Cumulative Grade Point Average (CGPA) of 2.0 out of 4.
Fee Structure
| Degree Program | Admission Fee | Registration Fee | Security Fee | Admission Processing Fee | Semester Enrollment Fee | Per credit hour fee | Fee of Convocation | Fee payable at admission |
|---|---|---|---|---|---|---|---|---|
|
ADP |
3,000 |
2,500 |
2,000 |
500 |
1,000 |
850 |
2,000 |
11,650 |
Semester Fee within Pakistan
Semester fee Approximately Rs. 17000/-
Disclaimer
- The courses are regularly reviewed to ensure they are up-to-date with those taught at top universities, taking into account the needs of local industry and the job market.
- The University may change its fee structure from time to time.