MS Islamic Banking and Finance
What MS Islamic Banking and Finance covers, career paths in Pakistan, and which universities offer it.
Quick Facts
| Degree Level | MS |
|---|---|
| Discipline | Accounting and Finance, Business |
| Offered By | 7 universities in our directory |
An MS in Islamic Banking and Finance is a two-year postgraduate degree covering Shariah-compliant financial products, institutions and regulation — combining Islamic jurisprudence of transactions with conventional finance.
What You’ll Study
Coursework covers fiqh al-muamalat (Islamic commercial jurisprudence), Islamic banking products and operations, Islamic capital markets and sukuk, takaful (Islamic insurance), Shariah governance and audit, Islamic accounting standards, and comparative conventional finance.
MS, MPhil or MSc?
Pakistani universities use several titles for the two-year postgraduate degree that follows a four-year bachelor’s, and HEC treats them as equivalent 18-year qualifications. What matters practically is whether the programme is thesis-based, since that governs readiness for doctoral study.
Career Scope in Pakistan
Pakistan’s Islamic banking sector has expanded substantially and continues to grow, and the field needs people who genuinely understand both the jurisprudence and the finance rather than treating Shariah compliance as a formality.
Graduates work in Islamic banks and Islamic windows of conventional banks, Shariah advisory and compliance functions, takaful operators, Islamic asset management, regulatory bodies, and research and teaching. Shariah audit and compliance is a mandated function rather than a discretionary one, which makes it comparatively reliable employment.
Admission Requirements
A relevant 16-year degree, plus the university’s postgraduate admission test and interview. Several programmes run in evening or weekend formats suited to working professionals — check the specific programme page.
Where You Can Study This
- 7 universities
- 4 cities
- 3 public
- 4 private
Fees are not shown here: we hold a published figure for 1 of these 7 universities, and comparing one against a blank column would be misleading rather than informative. Each university page carries its own fee where we have it.
| University | City | Sector | Duration |
|---|---|---|---|
| Bahria University | Islamabad | Public | 2 years |
| Institute of Business Administration | Karachi | Public | — |
| International Islamic University | Islamabad | Public | 2 Years |
| Abasyn University | Peshawar | Private | — |
| Minhaj University | Lahore | Private | — |
| The Superior University | Lahore | Private | — |
| University of Management & Technology | Lahore | Private | — |
Frequently Asked Questions
What is the difference between an MS and an MPhil?
Both are two-year postgraduate degrees treated as equivalent 18-year qualifications by HEC. MPhil is the more traditional and usually more thesis-weighted designation; MS is more common at newer and private universities.