Why Ph.D. in Islamic Finance (by Research)?
The Ph.D. in Islamic Finance program is an innovative, multidisciplinary, and research-based doctoral program that imparts the required analytical and investigative skills to further expand your theoretical knowledge. Moreover, the programs enable you to acquire a comprehensive understanding of Islamic finance and enhance the ability to analyze and interpret developments in the rapidly growing Islamic financial services market. Thus, you will have the competency to tackle emerging challenges and opportunities in the context of industry requirements. Visionary scholars have an opportunity to learn directly from experienced academicians and industry leaders while being involved in applied research and consultancy projects with businesses and institutions in the Islamic finance field.
INCEIF’s Ph.D. program is also designed for exceptional high-caliber students and those who are internationally renowned for their research and thought leadership. INCEIF Ph.D. graduates are sought after for business and management consultancy roles in the industry, senior management roles in governments, in addition to academic leadership positions in reputed universities and top business schools. The program also allows a candidate with little or no background in Islamic finance to undertake research and make meaningful contributions to academia, practice, and policy.
There are 2 options to earn your Ph.D. in Islamic Finance:
By Coursework and Dissertation
This is an intensive program designed for students who require exposure to coursework before pursuing research in Islamic finance.
This option is for students with extensive exposure and research industry experience.
Ph.D. by Research requires 7 pre-requisite courses before proceeding to the Research component.
Pre-requisite courses are:
Seminar in Economics
Seminar in Finance
Seminar in Shariah
Islamic Capital Market
Mathematical Methods for Economics and Finance
Minimum of 60,000 words.
Duration of Study
Full Time: Minimum 2 years, Maximum 4 years
Part-Time: Minimum 4 years, Maximum 5 years
Intakes are in January and September.
Master’s degree or equivalent (with high distinction) from a recognized institution of higher learning.
Mathematics / Quantitative proficiency.
Malaysian University English Test (MUET): Band 4 and above; or
IELTS - band 6; or
TOEFL: 550 (PBT), 79 (IBT) and above;
Candidates from native English-speaking countries.
Candidates with academic qualifications from institutions using English as the full medium of instruction.
A minimum of 5 years work experience in financial institutions;
Submission of a research proposal (not exceeding 15 pages, double-spaced in Arial size 12).
Our campus is close to the city center of Kuala Lumpur, Malaysia; one of the most vibrant Islamic financial markets in the world. The industry is supported by numerous government initiatives to further strengthen the country’s position as an international Islamic financial center.
Ph.D. candidates benefit from access to a wide range of local courses and seminars. In addition, INCEIF also has a close relationship with Bank Negara Malaysia (Central Bank of Malaysia) and Islamic financial institutions locally and internationally.
Ph.D. candidates are encouraged, at an early stage in their program, to participate in local and international workshops and conferences.
The Malaysian Advantage
Experience Islamic finance in action in the cradle of modern Islamic finance where strong regulatory support has spearheaded a robust industry.
Network With Industry Experts
In addition to attending regular classes and tutorials, students interact with industry experts during the regular industry talks where invited industry speakers give presentations on the practical aspects of Islamic finance.