UNIVERSITY

OVERVIEW

about INCEIF
INCEIF is a university dedicated to Islamic finance. It was set up by Bank Negara Malaysia (Central Bank of Malaysia) in December 2005. It is the only university in the world that is wholly dedicated to postgraduate study in Islamic finance. The university was established as part of the Malaysian Governments initiatives to further strengthen the countrys position as an international Islamic finance centre. The flagship programme is the Chartered Islamic Finance Professional (CIFP) which is a professional qualification aimed for practitioners in the Islamic financial services industry. The CIFP is fully accredited by the Malaysian Qualifications Agency (MQA) and is an equivalent to a Masters degree. With full-time study, the programme can be completed in 18 months. In addition to the CIFP, INCEIF also offers Masters in Islamic Finance and PhD in Islamic Finance. The objective of all three programmes is to produce high calibre professionals for the global Islamic financial services industry.

historical OVERVIEW
Dec 2005 Founded by Bank Negara Malaysia Aug 2006 Awarded university status by Ministry of Higher Education, Malaysia Feb 2009 Tan Sri Dato Sri Dr. Zeti Akhtar Aziz proclaimed first Chancellor of INCEIF Feb 2009 Inaugural convocation of CIFP graduates Jan 2010 Prof Dr Abbas Mirakhor became First Holder, INCEIF Chair of Islamic Finance Oct 2010 Inaugural convocation of MIF graduates Aug 2011 Daud Vicary Abdullah appointed as President & Chief Executive Officer Oct 2011 Inaugural convocation of PhD graduates

Knowledge Leader in Islamic finance Global University Academic Programmes CIFP MIF PhD Industry Services Consultancy & Executive Programmes Research Knowledge Management Centre

academic PROGRAMMES
CIFP
The Chartered Islamic Finance Professional (CIFP) programme is the most globally recognised entry qualification for the Islamic finance industry. To date the programme has attracted students from different backgrounds, different faiths and from over 70 different countries. The programme is aimed at producing high calibre professionals with the necessary technical skills and knowledge in Islamic finance, specifically in the areas of Islamic banking and Takaful. The programme delivers a holistic and comprehensive syllabus specifically driven by the industry. It combines both practical and theoretical aspects of Islamic finance, resulting in a holistic learning experience of exceptional quality. The CIFP programme is fully accredited by the Malaysian Qualifications Agency (MQA) and is recognised as a Masters degree.

programme structure
There are three intakes per year for the CIFP programme; January, June and September. Part I, Building Knowledge Part I Papers: Shariah Aspects of Business & Finance Shariah Rules in Financial Transactions Islamic Economics Islamic Capital Market Wealth Planning and Management Reporting of Islamic Financial Transactions Deposit & Financing Operations of Islamic Banks Islamic Financial Institutions and Markets Part III, Articleship - Building Competency & Experience The final part is a 6-month articleship that provides students Islamic financial services industry. INCEIF provides assistance for students undertaking an articleship in Malaysia. Students with 5 years relevant experience can apply for exemption from the articleship. Those exempted from articleship must still complete a 5-7,000 word, Professional Practice Paper.

Part II, Building Skills Part II Papers: Shariah Issues in Islamic Finance Structuring Financial Requirements Risk Management of Islamic Financial Institutions Managing Islamic Financial Institutions Ethics and Governance Takaful and Actuarial Practices PAPERS BY TERM Full-time Online Jan Semester 14 weeks Min 4, Max 6 Min 2, Max 6 Jun Semester 7 weeks Min 1, Max 2 Min 1, Max 2 Sep Semester 14 weeks Min 4, Max 6 Min 2, Max 6

programme study
Study can be completed on campus or through online distance learning. On campus study allows networking and shared experiences through regular classes, tutorials, industry talks and study visits. The CIFP is also made available through online distance learning. Students are provided hardcopy manuals and softcopy materials at the start of each semester. Self-study is supported by the faculty through e-learning forums in the INCEIF Learning Management System.

programme fees
The on campus full-time programme cost is RM20,000. The online distance learning programme cost is as low as RM8,050 and rises to RM19,250. Fee variance is dependent upon optional tutorials and optional pre-exam seminars.

entry requirements
Applicants are required to have one of the following: Bachelors degree Diploma with 5 years relevant working experience A levels (or the equivalent qualifications) with 3 years relevant working experience and be over 35 years old Applicants are also required to be competent in English. Exceptions can be given to those whose medium of study at entry level is English. Otherwise they require one of the following: Test of English as Foreign Language (TOEFL) with a score of 550 International English Language Testing System (IELTS) level 6

learning management system (LMS)

Both on campus and online distance learning students have access to the LMS. The LMS provides a means for communication with faculty members. It is also a portal for assignment submission and it houses all course materials and articles.

MIF
MIF
The MIF in Islamic Finance programme offers in-depth knowledge in the key areas of Islamic economics, finance and Shariah in both theoretical and applied aspects. It provides students with a comprehensive understanding of the economic, financial and legal environment in which providers of Islamic financial services operate. The programme is designed for academics and practitioners who want to extend their knowledge as well as fast-track their career in Islamic finance. The MIF programme provides a strong foundation in the principles and practice of Islamic finance through the development of new concepts, perspective, skills and analytical tool. The MIF can only be studied on campus. The number of students accepted each semester is limited. Classes are held after office hours across Monday to Friday and/or on Saturday.

MASTERS IN ISLAMIC FINANCE

HIGHLIGHTS
A strong foundation in the principles and practice of Islamic finance A substantial base of new concepts, knowledge and skills Analytical tools and perspectives which provide a sound basis for financial decision-making

programme structure
There are two intakes per year for the MIF programme; January and September. The programme requires completion of all eleven core courses, a minimum of two elective courses, plus a project paper. The project paper can substituted with two additional elective cources. All courses must be completed on campus. Research Methodology in Economics and Finance is equivalent to 4 credit hours. All other courses are equivalent to 3 credit hours. The project paper is equivalent to 6 credit hours. Core Courses (Compulsory) Islamic Economics Islamic Finance Accounting for Islamic Financial Transactions Usul Fiqh & Qawaid Fiqhiyyah Fiqh Muamalat Research Methodology in Economics & Finance Financial Econometrics Corporate Finance International Finance Islamic Banking Risk Management in Islamic Financial Institutions Elective Courses (Any four or two plus project paper) Islamic Law of Contracts Islamic Partnership, Corporate & Securities Law Islamic Wealth Planning Management Mathematical Methods for Economics & Finance Islamic Capital Market Islamic Portfolio Management Takaful Operations

PAPERS BY TERM Full-time Online Jan Semester 14 weeks Min 3, Max 4 Min 2, Max 4 Jun Semester 7 weeks Min 1, Max 2 Min 1, Max 2 Sep Semester 14 weeks Min 3, Max 4 Min 2, Max 4

Classes for full-time and part-time students are held at 6.30pm - 9.30pm on weekdays and /or on Saturdays

on campus study
The INCEIF campus is close to the city centre of Kuala Lumpur, Malaysia; one of the most vibrant Islamic financial markets in the world. The industry is supported by various government initiatives to further strengthen the countrys position as an international Islamic financial centre. On campus study allows students to network and share experiences with fellows INCEIF students. In addition to attending regular classes, students also interact with industry experts during regular industry talks. At these talks, established industry figures share their practical experiences and knowledge.

programme study REQUIREMENTS

Full-time study: The programme must be completed within 2 years Part-time study: The programme must be completed within 4 years. The Malaysian immigration law limits international students to full-time study only.

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programme fees
The fees for the MIF is the same for both Malaysian and international students. Fees include tuition and support facilities for the entire programme. Fees exclude living expenses.

entry requirements
Applicants are required to have a Bachelors degree. Applicants are also required to be competent in English. Exceptions can be given to those whose medium of study at entry level is English. Otherwise students require one of the following: Test of English as Foreign Language (TOEFL) with a score of 550 International English Language Testing System (IELTS) level 6

MIF Cost Required per credit hour credit hours Course Cost RM 450 46

Total Cost

RM 20,700

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PhD
PhD
As a global leader in Islamic finance education, the INCEIF PhD programme has been structured to develop scholars of international standing whose research furthers theoretical understanding while meeting the practical requirements of the Islamic finance industry.

PhD IN ISLAMIC FINANCE

HIGHLIGHTS
PhD in Islamic Finance programme modules have been built with a flexibility that allows two forms of study. The PhD by Coursework and Dissertation is designed for candidates who will benefit from coursework before pursuing research in Islamic finance. The PhD by Research is designed for candidates with extensive industry experience.

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programme structure
There are two intakes per year for the PhD programme; January and September. PhD by Coursework and Dissertation requires completion of all nine core courses and four elective courses. PhD by Research requires completion of the seven core courses only. All courses must be completed on campus. Research Methodology in Economics & Finance is equivalent to 4 credit hours. All other courses are equivalent to 3 credit hours. The dissertation / thesis is equivalent to 24 credit hours for PhD by Coursework and Dissertation and 42 credit hours for PhD by Research. Core Courses (Compulsory) Islamic Economics Islamic Finance Corporate Finance Usul Fiqh & Qawaid Fiqhiyyah Fiqh Muamalat Islamic Law of Contracts* Accounting for Islamic Financial Transactions Research Methodology in Economics & Finance Financial Econometrics* * Not required for PhD by Research Dissertation / Thesis (Compulsory) Dissertation / Thesis Elective Courses (Any four) (Elective courses not required for PhD by Research) Takaful Operations Islamic Risk Management Islamic Banking Islamic Portfolio Management Islamic Capital Market Islamic Wealth Management International Finance Advance Econometrics The Quran & the Economics: An Introduction

duration of STUDY
Full-time 2-5 years Part-time 4-6 years The Malaysian immigration law limits international students to full-time study only

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on campus study
The PhD programme must taken on campus. The campus is close to the city centre allowing PhD students to benefit from a wide range of local courses and seminars. On campus students may also benefit from the strong relationship INCEIF has also has with Bank Negara Malaysia and many Islamic financial institutions. PhD students are encouraged, at an early stage in their programme, to participate in local and international workshops and conferences. Students are also offered the opportunity to gain teaching experience that is complementary to their research.

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programme fees
The fees for candidates studying a PhD in Islamic finance is the same for both local and international students. Fees include tuition and support facilities for the entire PhD programme. Fees exclude living expenses.

entry requirements
PhD by Coursework and Dissertation requires applicants to have a Masters degree. PhD by research requires applicants to have a Masters degree and a minimum of 5 years working experience with a financial institution. Applicants are also required to be competent in English. Exceptions can be given to those whose medium of study at entry level is English. Otherwise students require one of the following: Test of English as Foreign Language (TOEFL) with a score of 550 International English Language Testing System (IELTS) level 6 PhD Cost Required per credit hour credit hours Course Cost RM 500 64

Total Cost

RM 32,000

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industry SERVICES
CONSULTANCY & EXECUTIVE PROGRAMMES

Prof. Dr. Saiful Azhar Rosly Head of Consultancy & Executive Programmes Best practices in Islamic Banking & Takaful Operations Wealth Planning Waqf Zakat Sukuk Development

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EXECUTIVE PROGRAMMES

Executive Programmes Relevant information and knowledge update on Islamic finance overview or deep-dive into specific Islamic finance segments. Programmes are customised for different management levels to promote operation efficiency. Programmes can be customised from a duration of 1 day to 6 weeks or more.

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RESEARCH

Research Clusters Broad-Based Islamic Finance Niche Areas

Cluster-Based Research Project

Islamic Capital Market Applied Research Risk Management Islamic Liquidity Management Structuring of Financial Products Dr. Mohd Pisal Zainal Head of Research Research Commercial industry research. Delivering Business needs Opportunities Faculty and organisation thought leadership.

Shariah Governance Ethics and Corporate Governance Islamic Bank Takaful & Wealth Management Waqf

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senior MANAGEMENT

Mr. Daud Vicary Abdullah President & Chief Executive Officer

Prof. Datuk Dr. Syed Othman Alhabshi Chief Academic Officer

Mr. Mohd. Zamree Mohd. Ishak Chief Operations Officer

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the FACULTY
Prof. Datuk Dr. Syed Othman Alhabshi Chief Academic Officer Professor of Islamic Economics Prof. Dr. Abbas Mirakhor First Holder INCEIF Chair of Islamic Finance

Prof. Datuk Dr. Rifaat Ahmed Abdel Karim Adjunct Research Professor

Prof. Simon Archer Adjunct Professor

Prof. Humayon Dar Adjunct Professor

Prof Mohamed Ismail Mohamed Shariff Adjunct Professor

Prof. Dr. Volker Nienhaus Adjunct Professor

Prof. Emeritus Datuk Dr. Mohamed Ariff Abdul Kareem Professor of Economics & Governance

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the FACULTY
Prof. Dr. Abul Mansur Mohammed Masih Professor of Finance & Econometrics Prof. Dr. Ashraf Md. Hashim Senior Researcher, ISRA

Prof. Dato Dr. Kamaruddin Sharif Professor of Takaful & Wealth Planning

Prof. Dr. Mansor H. Ibrahim Professor of Finance & Econometrics

Prof. Dr. Murat izaka Professor of Comparative Economics History

Prof. Dr. Obiyathulla Ismath Bacha Head of Graduate Studies Department Professor of Finance

Prof. Dr. Saiful Azhar Rosly Head of Consultancy & Executive Programmes Professor of Islamic Economics

Prof. Dr. Syed Abdul Hamid Aljunid Professor of Applied Finance

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the FACULTY
Prof. Dr. Zainal Azam Abdul Rahman Professor of Islamic Law Prof. Dr. Zubair Hasan Professor of Islamic Economics & Finance

Assoc. Prof. Dr. Wang Yong Bao Visiting Associate Professor

Assoc. Prof. Dr. Asyraf Wajdi Dusuki Head of Research Affairs, ISRA

Assoc. Prof. Dr. Mohammad Akram Laldin Executive Director, ISRA Research Team

Assoc. Prof. Dr. Shahul Hameed Mohamed Ibrahim Head of CIFP Department Assoc. Prof. in Accounting

Assoc. Prof. Dr. Said Bouheraoua Senior Researcher, ISRA

Dr. Ahcene Lahsasna Lecturer/Graduate Studies Academic Advisor

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the FACULTY
Dr. Magda Ismail Abdel Mohsin Lecturer of Islamic Economics Dr. Mohd. Pisal Zainal Head of Research Lecturer of Islamic Banking

Dr. Shaikh Hamzah Abdul Razak Lecturer of Takaful & Wealth Planning CIFP Student Advisor

Abd. Rashid Abd. Kadir Teaching Fellow Islamic Banking

Ezamshah Ismail Teaching Fellow Takaful & Wealth Planning

Hakimah Yaacob Associate Researcher, ISRA

Hamdan Idris Teaching Fellow Islamic Banking

Norhanim Mat Sari Lecturer Islamic Banking

Zainal Abidin Mohd. Tahir Teaching Fellow Islamic Banking

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Academic Building

Drop-Off Area

Auditorium

Classrooms

Computer Labs

Knowledge Management Centre

Lorong Universiti A, 59100, Kuala Lumpur Tel: +603 7651 4000 Fax: +603 7651 4094 Email: marketing@inceif.org Web: www.inceif.org 2012 INCEIF