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Master of Science in Islamic Finance and Data Analytics

Programme Overview

The Master of Science 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.


Study Format and Credit Structure

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

  • Full-time: 18 months (3 semesters)
  • Part-time: 30 months (5 semesters) (students may complete earlier with Programme Leader approval)

The total credit requirement for graduation is 60 modular credits, comprising:

  • 11 Core Modules (44 credits)
  • Optional Modules (16 credits)

Credit Load per Semester:

  • Full-time students: 16–20 modular credits per semester
  • Part-time students: 8–16 modular credits per semester

What will you Learn?

This programme provides a strong foundation in Islamic finance and contemporary financial innovation, covering core modules in Islamic jurisprudence and transactions, Islamic financial systems and capital markets, financial theory, accounting and financial management, research methodology, FinTech, AI in finance, data analytics and programming, business analytics, and an innovation project. Students can further tailor their learning by selecting modules in areas such as Shariah audit, legal issues, risk management, Islamic economics and social finance, accounting for Islamic finance, sustainable finance, blockchain, takaful and InsurTech, and selected approved modules from other master’s programmes (excluding MBA)


Modules

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


No Code Module Name Types MCs
1 BI-5120 Islamic Jurisprudence and Transaction Core 4

2 BI-5103 Financial Theory and Application Core 4

3 BI-5108 Islamic Capital Market Core 4

4 BI-5119 Islamic Financial System Core 4

5 BI-5121 Research Methodology Core 4

6 BI-5117 Financial Technology (FinTech) Core 4

7 BI-5118 Innovation Project Core 4

8 BI-5114 Artificial Intelligence (AI) in Finance Core 4

9 BI-5116 Data Analytics and Programming Core 4

10 BI-5115 Business Analytics and Applications Core 4

11 BM-5103 Accounting and Financial Management Core 4
No Choose 4 modules from the Option Module list:

1 BI-5301 Shariah Audit Optional 4

2 BI-5302 Legal Issue in Islamic Finance Optional 4

3 BI-53XX Risk Management in Islamic Finance Optional 4

4 BI-53XX Islamic Economics Optional 4

5 BI-53XX Islamic Social Finance Optional 4

6 BI-53XX Accounting for Islamic Finance Optional 4

7 BM-5303 Business Ethics and Corporate Social Responsibility Optional 4

8 BI-5305 Sustainable Finance Optional 4

9 BI-5304 Blockchain Technology in Finance Optional 4

10 BI-5306 Takaful and InsurTech Optional 4

11 Any module offered in other master programs (except MBA) as optional modules after a consultation with the program leader/graduate coordinator Optional 4


Admission Requirements

To be eligible for the programme, applicants must meet one of the following criteria:


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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