Prospective Students > Masters Programme > MSc of Islamic Finance and Data Analytics

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.


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


Admission Requirements

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

  • A Second Class Bachelor’s degree with Honours from UBD or a recognised university or institution; or
  • A Bachelor’s degree with Honours and at least three years of executive or management experience.

Applicants must also meet the English proficiency requirement through one of the following:

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

  • C6 in GCE β€˜O’ Level English
  • Grade β€˜B’ in IGCSE English (Second Language)
  • IELTS score of 6
  • TOEFL score of 550
  • Other recognised English proficiency tests as stipulated by UBD

Applicants may be required to undergo entrance tests or interviews to assess their suitability for the programme.



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
Islamic Jurisprudence and Transaction 4 Islamic Jurisprudence and Transaction 4

Islamic Financial System 4 Islamic Financial System 4

Accounting and Financial Management 4 Financial Technology (FinTech) 4

Financial Technology (FinTech) 4

Artificial Intelligence in Finance 4
Total MC 20 Total MC 12

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

Financial Theory and Application 4 Data Analytics and Programming 4

Data Analytics and Programming 4 Research Methodology 4

Research Methodology 4

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)
Innovation Project – Option 01 - Research Project
* Innovation Project – Option 02 – Experiential Learning 		4 Innovation Project – Option 01 - Research Project
* Innovation Project – Option 02 – Experiential Learning 		4

Semester 3 - August Year 02 Semester 3 - August Year 02
Business Analytics and Applications 4 Accounting and Financial Management 4

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

Option module 02 4 Business Analytics and Applications 4

Option module 03 4

Option module 04 4
Total MC 20 12

Semester 4 - January Year 03

Islamic Capital Markets 4

Innovation Project – Option 01 - Research Project* 4

Option module 01 4
Total MC 12

Semester 5 - January Year 03

Option module 02 4

Option module 03 4

Option module 04 4
Total MC 12

Total 60


List Optional Modules

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


Fees and Funding

For more details about fees and funding, please click here


Interested in Joining?

  • Prospective Students: Ready to create your own adventure and strive for excellence? Apply Now!
  • Current Students: Please log in to the UBDSBE portal to access detailed descriptions of each module offered by the major.



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