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Master in Global Islamic Finance


  • OVERVIEW

    The Master of Global Islamic Finance is designed to produce talents who are proficient in both Finance and Shari’ah knowledge with holistic approach and global insight. The program covers in depth the topics including banking, capital market, takaful, governance and contemporary issues surrounding Islamic finance. The course will give exposure to students to be innovative and creative in finding solutions of Shari’ah issues. The program also integrates the element of financial technology and business competitive intelligence in making decisions in the Islamic financial landscape.

    CORE COURSES (20 UNITS)

    1. Global Islamic Jurisprudence
    2. Governance of Islamic Finance

    iii. Islamic Economics

    1. Contemporary Issue In Islamic Finance
    2. Research Method

    ELECTIVES

    1. Islamic Banking and Finance
    2. Islamic Accounting and Auditing

    iii. Business Competitive Intelligence and Strategic Foresight

    1. Islamic Wealth Management
    2. Islamic Capital Market

    *Electives (Coursework Mode): Choose THREE (3) Elective subjects (12 Units)

    *Electives (Mixed Mode): Choose ONE (1) Elective subject (4 Units)

    Availability is based on the number of student enrollment

    RESEARCH PROJECT (8 UNITS) – ONLY FOR COURSEWORK

    DISSERTATION (20 UNITS) – ONLY FOR MIXED MODE

    CONTACT:

    Postgraduate Office
    School of Management
    Universiti Sains Malaysia
    11800 Pulau Pinang, MALAYSIA
    Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
    Website: www.som.usm.my 
    Phone no: +604 653 2398 / 2520
    Facebook: USMmanagementschool
    Instagram: usmmanagementschool

    Postgraduate Office
    School of Humanities,
    Universiti Sains Malaysia,
    11800 Pulau Pinang, Malaysia
    Email : dean_This email address is being protected from spambots. You need JavaScript enabled to view it.
    Website: https://humanities.usm.my 
    Phone: 604-6533888 Fax: 604-6563707
    Facebook : https://www.facebook.com/humanities2usm

  • ADMISSION REQUIREMENTS

    Applicants should possess the following:

    A. Bachelor's degree in Management, Finance, Islamic Studies or any other related and recognized degree

    1. CGPA of at least 2.75 / 4.00; or

    2. CGPA between 2.50 - 2.74 with the following additional conditions: or

    a) Research experience for at least one year; or
    b) Work experience in related field for at least one year; or
    c) At least one (1) academic publication in the relevant field; or
    d) Grade B for major / elective courses; or
    e) Grade B+ for final year project

    3. CGPA between 2.00 - 2.49 (Bachelor's Degree with Honours) with the following additional conditions: or

    a) Research experience for at least five (5) years; or
    b) Work experience in related field for at least five (5) years; AND
    c) At least one (1) academic publication in the relevant field; or
    d) Grade B for major / elective courses; or
    e) Grade B+ for final year project

    B. APEL A (Level 7)

  • LANGUAGE REQUIREMENTS

    (Applicable for International Applicants Only)

    • A minimum score of 40 for TOEFL (Internet-based); or
    • A minimum of Band 7.5 for TOEFL Essentials (Online); or
    • A minimum of Band 5 for IELTS; or
    • A minimum score of 47 for PTE; or
    • A minimum score of 154 for Cambridge English (CAE/CPE); or
    • A minimum score of 154 for Linguaskill Online; or
    • A minimum of Band 3.5 for MUET

    Exemption can be given if:

    • English is the candidate's mother tongue or National Language; or
    • The candidate graduated from an Institution of Higher Learning in which the medium of instruction is English
  • DURATION

    • Full-time: Mininum 2 semesters / Maximum 4 semesters
    • Part-time: Mininum 4 semesters / Maximum 8 semesters
  • SEMESTER INTAKE

    April & October

  • FEES

    Malaysian (MYR) International (USD)*
    • Registration Fee : 330.00
    • Tuition Fee : 575.00 X 40 Units = 23,000.00
    • Convocation Fee : 200.00
    • Registration Fees : 225.00
    • Personal Bond : 1000.00
    • Tuition Fees : 187.50 X 40 Units = 7,500.00
    • Convocation Fee : 50.00

    *Not inclusive 6% Sales and Service Tax (SST) imposed by Government of Malaysia

    ** Fees are subject to change

Postgraduate

Institute of Postgraduate Studies
Universiti Sains Malaysia,
11800 Penang, Malaysia.

Tel: +604-653 6309 / 6027 / 2606 / 2946 / 2958
Fax: +604-653 2931

Disclaimer

This website uses the GTranslate component to provide translation into Bahasa Melayu & Chinese Simplify. In the event of any inaccuracies in the translation, the English version shall be referred to as the official reference of this website.

Last Update: Friday 03 April 2026.

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