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Master in Applied Islamic Finance - Comprehensive Exam Track Curriculum

Total Credit Hours Required to Finish the Degree
( 36 Credit Hours ) as Follows:

University Requirements

Students must pass all of the following courses:

Course #

Course Name

Weekly Hours

Cr.

Hrs.

Prerequisite

Theoretical

Practical

151766000 RESEARCH METHODS 3 - 3 -
151766010 ECONOMIC AND PRINCIPLES OF ISLAMIC FINANCE 3 - 3 -
151766020 COOPERATIVE INSURANCE 3 - 3 151766010
151766030 ISLAMIC CAPITAL MARKETS AND SUKUK 3 - 3 151766010
151766040 RISK MANAGEMENT IN ISLAMIC INSTITUTIONS 3 - 3 151766050
151766050 ADVANCED FINANCIAL MANAGEMENT 3 - 3 -
151766060 FOUNDATIONS OF ISLAMIC TRANSACTIONS 3 - 3 151766010
151766070 INVESTMENT AND ISLAMIC PORTFOLIO MANAGEMENT 3 - 3 151766050
151766180 SEMINAR 1- ISLAMIC FINANCE 3 - 3 -
151766190 SEMINAR 2 – ISLAMIC FINANCE 3 - 3 -
  • Beginning English, Intermediate English, and Advanced English can be waived with a (TOEFL) score of 500 or above or depends on the score of the placement test.
  • Student must fulfill community service equivalent to at least 100 hours during their years of study at Arab American University.

Specialization Requirements

Students must pass ( 6 ) credit hours from any of the following courses:

Course #

Course Name

Weekly Hours

Cr.

Hrs.

Prerequisite

Theoretical

Practical

151766080 STRATEGIC PLANNING AND DECISION MAKING 3 - 3 -
151766090 ADVANCED TOPICS IN ISLAMIC FINANCE 3 - 3 151766010
151766100 ISLAMIC FINANCIAL CONTRACTS AND ISLAMIC PRODUCTS ENGINEERING 3 - 3 151766010
151766110 EXTERNAL FINANCING 3 - 3 151766050
151766120 LAWS OF ISLAMIC INSTITUTIONS 3 - 3 151766060
151766130 MARKETING OF ISLAMIC FINANCIAL PRODUCTS 3 - 3 151766100
151766140 ETHICS AND GOVERNANCE 3 - 3 -
151766150 ACCOUNTING IN ISLAMIC INSTITUTIONS 3 - 3 -
151766160 ISLAMIC CONTROL AND AUDITING 3 - 3 151766060
151766170 PRACTICAL APPLICATIONS IN FINANCE 3 - 3 151766050