Islamic Finance

The MBA in Islamic finance at the University College of Bahrain (UCB) was created since 2006. This programme is one of the oldest Islamic finance qualifications taught in the Kingdom of Bahrain and in the GCC region. Moreover, our MBA in Islamic finance together with our B.Sc in Business Administration (Islamic Finance) is the only Islamic finance programme in the region to be recognized as AAOIFI Affiliated University. The MBA in Islamic finance is designed to offer students with thorough knowledge in the specialized areas of Islamic banking, Islamic finance, Islamic economics, Islamic insurance (takaful) and shariah from both theoretical and practical aspects. This programme is also aimed at producing industry practitioners with global insight, holistic knowledge, and cutting-edge skills from both conventional and shariah fields. This innovative program will allow our MBA students to balance their academic commitments, while taking their professional career to new levels.

Graduates of MBA in Islamic finance will present in-depth understanding, solid skills, more competitive in the marketplace, and perform leading roles in the Islamic financial market. Our graduates from this programme would elevate their professional career into senior management positions in Islamic banking and shariah-compliant corporations in local and global market. Moreover, the agreement with AAOIFI provides MBA in Islamic finance graduates with exemptions from two out of four certified Islamic professional accountant (CIPA) modules. This means that our graduates of MBA in Islamic finance are able to gain CIPA professional qualification more quickly by taking fewer modules when they graduate.

Concentration Requirements

This degree requires 36 credit hours. 

Core courses  5 courses (15 Cr)


Financial and Management Accounting


Organizational Behaviour


Corporate and Managerial Finance


Marketing Management



Business Statistics and Research Methods


Concentration Requirements 5 Courses (15 Cr)


Islamic Economics


Theories and Practices of Islamic Banking


Fiqh Muammalat


Islamic Accounting


Sukuk and Islamic Mutual Funds


Concentration Requirements (Thesis or Business Project)


Business Project

Students must take ALL concentration Requirements of 5 courses



Students select FOUR courses of the concentration

Department Information

"The Role of 5G in IOT" webinar

The webinar “The Role of 5G in IOT” will be held on 1st of March from 12 pm to 1pm Bahrain time. The speaker will be Dr Bilel Jamoussi- Chief of the Study Groups Department at the International Telecommunication Union Standardization Bureau in Geneva Switzerland. The webinar will explain how the ITU is bringing together governments, industry, international organizations and academia to develop consensus based international standards for 5G and IoT, and in particular, how this work is shaping smart cities. The webinar will also explore how 5G will support IoT applications across various industry sectors.