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Islamic Finance

B. Sc.  in Business Administration (Islamic Finance Concentration) at UCB is one of the earliest bachelor degree program in Islamic finance taught in the Kingdom of Bahrain and in the GCC region. We are also proud that our B. Sc.  in Business Administration (Islamic Finance) is the only Islamic finance program in the GCC region to be recognized as AAOIFI Affiliated University. The B. Sc.  in Business Administration (Islamic Finance Concentration) is designed to provide students with strong knowledge and understanding in Islamic economics, banking, and finance, Islamic commercial law (fiqh muammalat), Islamic insurance (takaful), and the higher objectives of shariah (maqasid al-shariah).  The courses offered in this program are also imbued with Islamic values and ethics to produce ethical Islamic finance professionals in the growing Islamic financial services industry. 

Graduates of B. Sc.  in Business Administration (Finance Concentration) have a broad career prospects in various Islamic banking and financial services industry, ranging from Islamic banking institutions, shariah-compliant corporations, Islamic investment firms, takaful companies,  Islamic research institutes, shariah audit firms, zakat & awqaf institutions, central bank, and Islamic fintech firms. The graduates from this programme could work as Islamic financial analyst, Islamic bankers, Islamic economist, Islamic asset managers, shariah-audit officers, takaful officers, and researchers. Moreover, the B. Sc.  in Business Administration (Islamic Finance Concentration) taught here embedded employability skills in critical thinking, presentation, interpersonal, and communication skills across all courses. 

B. Sc.  in Business Administration (Islamic Finance Concentration) also prepares you for taking professional Islamic finance qualifications such as certified Islamic professional accountant (CIPA) and certified shariah adviser and auditor (CSAA).  

Concentration Requirements

This degree requires 128 credit hours. 

University Requirements (Compulsory) 11 Courses (32 Cr)

ARA101 Arabic
CSC101 Computing Essentials
ENG101 English I
ENG102 English II
MAT101 Calculus I
SBS155 Human Rights
ENG201 English III : Technical Writing
WCS201 Cultural Studies I
SBS206 Bahrain Modern History
CSR301 Corporate Social Responsibility
REM301 Research Methods

University Requirements (Elective) Select 2 Courses (6 Cr)

ENG220 Themes in Literature
GRD130 Painting
LIT203 Studies in American Literature
PHL202 Business Ethics
PHL203 Critical Thinking Skills
POS101 Intro. to Political Science
PSY201 Introduction to Psychology
SBS201 General Sociology
SBS203 Human Development
SBS205 Communication Skills
WCS301 Cultural Studies II
WMN201 Women Studies

Program Requirements (Compulsory) 16 Courses (48 Cr)

ACT101 Financial Accounting 1
BUS301 Entrepreneurship
MGT101 Principles of Management
ACT201 Managerial Accounting
ECO201 Microeconomics
ECO202 Macroeconomics
FIN201 Principles of Finance
MKT201 Principles of Marketing
STS201 Probability And Statistics I
BUS205 Business Law
BUS315 Internship/Practicum
BUS350 Business Communications
CIT311 Management Information Systems
MGT301 Organization and Management
BUS491 Graduation Project
MGT490 Business Policy & Strategy

Program Requirements (Elective) Select 4 Courses (12 Cr)

CIT251 Internet of Things
BUS310 Managerial Economics
BUS325 New Venture Creation
BUS435 Family Entrepreneurship Management
CIT231 Cloud Computing
CIT262 Multimedia Systems 
FIN385 Financial Planning and Control
MAT102 Calculus II
MGT385 Tourism & Hospitality Management
STS202 Probability And Statistics II 

Concentration Requirements (Compulsory)  8 courses (24Cr)

IBF301 Islamic Economics
IBF303 Theory of Islamic Banking & Finance
IBF305 Islamic Commercial Jurisprudence (Figh Mu'amalat)
IBF309 Accounting for Islamic Banks
IBF311 Takaful (Islamic Insurance) Practice
IBF410 Islamic Capital Markets
IBF451 Islamic Wealth Management
IBF491 Risk Management for Islamic Financial Institutions

Concentration Requirements (Elective) Select 1 Courses (3Cr)

ACT102 Financial Accounting II
FIN301 Financial Statement Analysis
FIN351 Investment Management
FIN365 International Finance 
FIN360 Corporate Finance
FIN435 FinTech and Financial Innovation
MGT471 Business Analytics

Free Electives (Elective) Select 1 Courses (3 Cr)