In the world economic scenario Islamic banking is seen as an alternative to traditional finance. With the Islamic banking market values at over USD 1.1 trillion combined with the estimated growth rate of up to 20% year by year, the need for human capital to bring Islamic finance to the level at which it deserves and meet its market demands is higher than ever . At least 50,000 professionals are needed within the industry over next seven years. Islamic finance with its emphasis on ethical finance is suitable in secular society. A career in Islamic finance requires unique management skills and knowledge.
This course is designed to appeal those who are completely view to this area of finance to those who are fully experienced and are keen to develop their expertise to higher level. In the IMF Published article in 2008 which estimated that there are now more than 300 Islamic financial Institutions operating in more than 75 countries at the end of 2007. With the industry sector maintaining a growth of 15% per annum over the last 10 years. It is predicted that this growth will continue or speed up in the coming years dependent on different regulatory practices.
ELIGIBILITY FOR ADMISSION
A graduation in any discipline as per university rules and regulations regarding P.G Admissions.
DURATION OF THE PROGRAMME
The minimum duration for completion of a four semester PG Programme is two years. The maximum period for completion is 4 years. The duration of each semester shall be 90 working days, inclusive of examinations, spread over five months.
OUTLINE OF COURSES (PAPERS) AND SCHEME OF EXAMINATION
Beside these courses, there will be one Dissertation/Project during the entire courses and a comprehensive Viva-voce at the end of the last semester.
Courses IF 1C04, IF 2 C06, IF 3 C11, IF 4 C13 and IF E04 must be handled by M.Com/M.A Islamic Finance/M.A Islamic Economics & Finance Degree holders. All other core courses and elective courses will be handled by M.A Islamic Finance/ M.A. Post Afsal –ul-Ulama/M.A. Islamic Economics & Finance degree holders.
SCHEME AND SYLLABUS
The detailed scheme and syllabus for each course shall be framed by the Board of Studies concerned and approved by the faculties concerned and Academic Council, University of Calicut based on this Common Regulation.