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Master of Science (MSc) in Islamic Finance and Data Analytics

Programme Overview

The Master of Science (MSc) in Islamic Finance and Data Analytics (MScIFDA) is a postgraduate programme offered by Universiti Brunei Darussalam (UBD) School of Business and Economics (UBDSBE). This programme is coursework-based and is designed to provide students with advanced knowledge in Islamic finance, financial technology (FinTech), and data analytics. It integrates Islamic financial principles with contemporary data-driven financial analysis. The programme applies to all students registering from the August 2025 intake onwards.


Programme Structure

The MScIFDA programme is designed to accommodate both full-time and part-time students, with the following duration options:


Full Time Part Time

Semester 1 - August Year 01 MCs Semester 1 - August Year 01 MCs
BI-5120 Islamic Jurisprudence and Transaction 4 BI-5120 Islamic Jurisprudence and Transaction 4

BI-5119 Islamic Financial System 4 BI-5119 Islamic Financial System 4

BM-5103 Accounting and Financial Management 4 BI-5117 Financial Technology (FinTech) 4

BI-5117 Financial Technology (FinTech) 4

BI-5114 Artificial Intelligence in Finance 4
Total MC 20 Total MC 12

Semester 2 - January Year 02 Semester 2 - January Year 02
BI-5108 Islamic Capital Markets 4 BI-5103 Financial Theory and Application 4

BI-5103 Financial Theory and Application 4 BI-5116 Data Analytics and Programming 4

BI-5116 Data Analytics and Programming 4 BI-5121 Research Methodology 4

BI-5121 Research Methodology 4

BI-53XX Option module 01 4
Total MC 20 12

Summer Semester – Mid-May to end-July (between 08 and 10 weeks) Summer Semester – Mid-May to end-July (between 08 and 10 weeks)
BI-5118 Innovation Project – Option 01 - Research Project
* Innovation Project – Option 02 – Experiential Learning 		4 BI-5118 Innovation Project – Option 01 - Research Project
* Innovation Project – Option 02 – Experiential Learning 		4

Semester 3 - August Year 02 Semester 3 - August Year 02
BI-5115 Business Analytics and Applications 4 BM-5103 Accounting and Financial Management 4

BI-5118 Innovation Project – Option 01 - Research Project* 4 BI-5114 Artificial Intelligence in Finance 4

BI-53XX Option module 02 4 BI-5115 Business Analytics and Applications 4

BI-53XX Option module 03 4

BI-53XX Option module 04 4
Total MC 20 12

Semester 4 - January Year 03

BI-5108 Islamic Capital Markets 4

BI-5118 Innovation Project – Option 01 - Research Project* 4

BI-53XX Option module 01 4
Total MC 12

Semester 5 - January Year 03

BI-53XX Option module 02 4

BI-53XX Option module 03 4

BI-53XX Option module 04 4
Total MC 12

Total 60


List Optional Modules

  • BI-5301 Shariah Audit
  • BI-5302 Legal Issues in Islamic Finance
  • BI-53XX Risk Management in Islamic Finance
  • BI-53XX Islamic Social Finance
  • BI-53XX Accounting for Islamic Finance
  • BI-53XX Business Ethics and Corporate Social Responsibility
  • BI-53XX Islamic Economics
  • BI-5305 Sustainable Finance
  • BI-5304 Blockchain Technology in Finance
  • BI-5306 Takaful and InsurTech
  • Any modules offered in other master programs (except MBA) as option modules after a consultation with the program leader/graduate coordinator

Regulations

  >> Master of Science in Islamic Finance and Data Analytics - August 2025 & Later Intake



  
Prof Dr M Muzamil Naqshbandi
muzamil.naqshbandi@ubd.edu.bn

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