ENTRY REQUIREMENTS Masters in Islamic Finance Practice

MIFP
Students who wish to enrol in this programme must possess one of the
following:

FACE TO FACE MODE:

Masters in Islamic Finance Practice
A recognised Bachelor’s Degree or its equivalent with a N/343/7/0112 (March 2014 - March 2019)
minimum CGPA of 2.5 out of 4.0. N/343/7/0045 (January 2018 - January 2023)

ONLINE MODE:
Bachelor's degree or its equivalent obtaining at least CGPA
2.50 out of 4.00; or

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www.inceif.org

twitter.com/INCEIF

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For both mode of study, potential students must also be competent in youtube.com/INCEIF2011
English to actively participate in class and group discussions, by fulfilling
at least one of these criteria: linkedIn.com/company/INCEIF
• Test of English as Foreign Language (TOEFL) : 550 (PBT), 79 (IBT) and
above; OR
• International English Language Testing System (IELTS) level 6; OR
• Malaysian University English Test (MUET) band 4.
• Exemption:
• Candidates from native English speaking countries
• Candidates with academic qualifications from institutions using
English as the full medium of instruction
Contact us
International Centre for Education in Islamic Finance (INCEIF)
APEL ENTRY REQUIREMENT Lorong Universiti A
Diploma/STPM/Matriculation/A-level holder or equivalent, aged 30 59100 Kuala Lumpur
years and above, may apply by submitting the certificate of Malaysia
Accreditation of Prior Experiential Learning (APEL) from Malaysian
Qualification Agency (MQA) (for Malaysian applicant only). Telephone : +603 7651 4000
Facsimile : +603 7651 4094
Email : admission@inceif.org
Website : www.inceif.org DU018 (W) (Company No.718736-K)
 The Masters in Islamic Finance Practice (MIFP) programme is a COURSE FEE
postgraduate course aimed at producing industry practitioners
with global insight, holistic knowledge and cutting-edge expertise
PROGRAMME STRUCTURE ONLINE STUDY
in Islamic Finance. It is accredited by the Malaysian Qualifications
Agency (MQA), and is developed by renowned academicians 01 Core Courses Basic Online Fee Local International
and experts from both conventional and Shariah financial fields, • Accounting in Islamic Finance
Application Processing Fee RM70 USD30
ensuring that students graduate with knowledge of both • Risk Management for Islamic Financial Institution
disciplines. • Islamic Banking Practices Registration (Per Course) RM210 USD90
• Economics for Islamic Finance Examination (Per Course) RM550 USD190
The course modules cover a wide range of critical topics ranging • Islamic Capital Markets
from wealth management, banking and investment to financial Practice Paper RM1900 USD450
• Islamic Insurance
services, ethics and governance. Students will obtain • Shariah Aspects of Business and Finance
comprehensive and practical understanding of Islamic • Shariah Rules for Financial Transactions Optional
economics, finance and Shariah as well as the environment in • Quantitative Methods
which Islamic finance players operate. • Ethics & Governance Tutorial RM500 USD150
• Strategic Planning and Decision Making
Intensive Review Course (IRC) RM600 USD200
• Action Based Learning (ABL)
The programme can be pursued through
Total Cost
02 Elective Papers (to complete 1 paper only)
Basic Fee RM12,610 USD4,540
• Wealth Planning Management
• Commercial Law and Legal Documentation Basic Fee + Tutorial RM19,610 USD7,060
Online/ • Shariah Audit and Compliance Basic Fee + Tutorial + IRC RM28,010 USD10,420
Face to
distance • Financial Services Marketing
face
learning
* The above is applicable for face-to-face mode ONLY. For online programme FACE TO FACE STUDY
structure, visit our website.

Intakes are in January, June and September. Face To Face Local International

Total Fee For 14 Courses RM26,600 RM30,800

ONLINE STUDY Fee Per Course RM1,900 RM2,200
Our online MIFP is developed and designed by subject matter Application Processing Fee RM70 USD30
experts to have the same learning outcomes with face to face
* INCEIF reserves the right to change the fees without prior notice

58% 45% 45%

students. Our online students are actively supported through:
• Webinar (e-tutorial)
• Online learning materials For other course fees incurred for the study,
• Online library refer to the www.inceif.org/mifp
are employed in the Alumni obtained career of our students • Online database
financial, Insurance & advancement are international • 24/7 online classroom that allows them to view and
Takaful Sector participate in the class activities when it is most convenient
to them
Based on data between 2009 to 2018. • Online student advisory system DURATION OF STUDY
• Optional on-campus Face to Face Tutorial (12 hours) or
Intensive Review Course (8 hours) FACE TO FACE
FULL TIME PART TIME
Minimum : 1 year Minimum : 1 years
CONNECTION WITH INDUSTRY EXPERTS Maximum : 2 years Maximum : 4 years
OPTION FOR EXAM VENUE
In addition to the academic lectures, students will ONLINE
also have the opportunity to engage with industry Students can choose between taking their final examination in FULL TIME PART TIME
practitioners at regular intervals through industry Malaysia or in their country of residence. Minimum : 1 year Minimum : 3 years
talks, industry visits and guest lectures. Maximum : 2 years Maximum : 6 years