Islamic Fianance

Islamic Finance

B.Sc in Business Administration (Islamic Finance Concentration) at UCB is one of the earliest bachelor degree programme in Islamic finance taught in the Kingdom of Bahrain and in the GCC region. We are also proud that our B.Sc in Business Administration (Islamic Finance) is the only Islamic finance programme in the GCC region to be recognized as AAOIFI Affiliated University. The B.Sc in Business Administration (Islamic Finance Concentration) is designed to provide students with strong knowledge and understanding in Islamic economics, banking, and finance, Islamic commercial law (fiqh muammalat), Islamic insurance (takaful), and the higher objectives of shariah (maqasid al-shariah).  The courses offered in this program are also imbued with Islamic values and ethics to produce ethical Islamic finance professionals in the growing Islamic financial services industry.


Graduates of B.Sc in Business Administration (Finance Concentration) have a broad career prospects in various Islamic banking and financial services industry, ranging from Islamic banking institutions, shariah-compliant corporations, Islamic investment firms, takaful companies,  Islamic research institutes, shariah audit firms, zakat & awqaf institutions, central bank, and Islamic fintech firms. The graduates from this programme could work as Islamic financial analyst, Islamic bankers, Islamic economist, Islamic asset managers, shariah-audit officers, takaful officers, and researchers. Moreover, the B.Sc in Business Administration (Islamic Finance Concentration) taught here embedded employability skills in critical thinking, presentation, interpersonal, and communication skills across all courses.


B.Sc in Business Administration (Islamic Finance Concentration) also prepares you for taking professional Islamic finance qualifications such as certified Islamic professional accountant (CIPA) and certified shariah adviser and auditor (CSAA). 


Concentration requirements

This degree requires 122 credit hours. 


University Requirements (Compulsory) 9 Courses (26 Cr)

ARA101         Arabic                     

CSC101          Computing Essentials                     

ENG101         English I                     

ENG102         English II                     

MAT101        Calculus I                     

SBS155          Human Rights                     

ENG201         English III : Technical Writing                     

WCS201         Cultural Studies I                     

SBS206          Bahrain Modern History                     


University Requirements (Elective) Select 2 Courses (6 Cr)

ENG220         Themes in Literature                     



GRD130         Painting                     



LIT203          Studies in American Literature                     



PHL202         Business Ethics





PHL203         Critical Thinking Skills                     



POS101          Intro. to Political Science                     



PSY201          Introduction to Psychology                     



SBS201          General Sociology                     



SBS203          Human Development                     



SBS205          Communication Skills





WCS301         Cultural Studies II                     



WMN201       Women Studies                     







Program Requirements (Compulsory) 15 Courses (45 Cr)


ACT101         Financial Accounting 1                     





BUS301         Entrepreneurship                     





MGT101        Principles of Management                     





ACT201         Managerial Accounting                     





ECO201         Microeconomics                     




ECO202         Macroeconomics                     



FIN201          Principles of Finance                     



MKT201        Principles of Marketing                     



STS201          Probability And Statistics I                     



BUS205         Business Law                     



BUS315         Internship/Practicum                     



BUS350         Business Communications                     



CIT311          Management Information Systems                     



MGT301        Organization and Management                     



MGT490        Business Policy & Strategy                     






Program Requirements (Elective) Select 4 Courses (12 Cr)

BUS251         Internet Technology                     



BUS310         Managerial Economics                     

BUS325         New Venture Creation                     

BUS435         Family Entrepreneurship Management                     

CIT231          Cloud Computing                     



CIT262          Multimedia Systems                     

FIN385          Financial Planning and Control                     

MAT102        Calculus II                     



MGT385        Tourism & Hospitality Management                     

STS202          Probability And Statistics II                     




Concentration Requirements (Compulsory)  7 courses (21Cr)


ACT102         Financial Accounting II                     


IBF301           Islamic Economics                     


IBF303           Theory of Islamic Banking & Finance                     


IBF305           Islamic Commercial Jurisprudence (Figh Mu'amalat)                     


IBF306           Islamic Financial Systems                     


IBF309           Accounting for Islamic Banks                     

IBF311           Takaful (Islamic Insurance) Practice                     




Concentration Requirements (Elective) Select 2 Courses (6Cr)


FIN301          Financial Statement Analysis                     




FIN305          Commercial Banking                     




FIN338          Engineering Finance                     

FIN351          Investment Management                     

FIN355          Financial Markets & Institutions                     

FIN365          International Finance                     

FIN370          Portfolio Theory & Management                     

FIN375          Risk Management                     


Free Electives (Elective) Select 2 Courses (6 Cr)