MBA – Islamic Finance

Program Learning Outcome

At the end of the program, students will be able to : 

  • Apply theories & concepts in the decision making process in the business enviroment.
  • Conduct research with minimal supervision.
  • Generate solution to problems using scientific and critical thinking skills.
  • Adhere to legal, ethical & professional codes of practice.
  • Communicate effectively in a business context, both orally & in writing.
  • Demostrate the skills & principles of like long learning in their academic and career development.
  • Work & function effectively in a team.
  • Demonstrate managerial & leadership qualities in organizational context.
  • Identify and develop business opportunities.

Programme Structure

45 Credits

(30 Credits)

Managing IT for Business

Code: MBSA 1113

Pre-Requisite Course(s):

  • Marketing Management
  • Accounting for Business Decision-Making

Synopsis:

Information technology (IT) is becoming increasingly important in business. In the Information Age, information is recognised as a requirement to deliver quality business services and to have competitive advantage. The course equips participants with a better understanding in how information system (IS) and information and communication technology (ICT) could support business in an increasing competitive marketplace. A hands-on approach to problem identification in IT implementation and designing a solution is emphasised throughout the course. The topics covered in the course include enterprise systems, social commerce and business analytics and knowledge management.

Strategic Management

Code: MBSA 1213

Pre-Requisite Course(s):

  • Accounting for Business Decision Making
  • Marketing Management

Synopsis:

In this course, participants are given strategy concepts for knowledge and applications both at the organizational and the strategic business unit (SBU) levels. The development of strategic thinking permits participants to approach complex organizational scenarios and opportunities from a larger perspective, particularly in the context of globalization of businesses, and with regard to business operational strategies as they relate to the overall corporate strategies of the organization. This course also focuses on the development and implementation of marketing and implementation plans of its corporate and strategic business units according to the ever-changing global market environment. Simultaneously, this course explores effective management of corporate, business model and operational strategies towards gaining competitive advantage for business organizations.

Economic Analysis

Code: MBSA 1513

Pre-Requisite Course(s): None

Synopsis:

The main objective of this course is to provide a sound grounding in the basic principles of micro- and macroeconomics and their application to business decision making, to facilitate informed reading of economic of economic media and achieve an understanding of the broader economic issues faced by businesses in Malaysia as a small trading economy operating in an international setting, and to understand how the economic environment affects business decision and to take into account wider economic issues in Malaysia and the world.

Leading Talent in Organizations

Code: MBSA 1623

Pre-Requisite Course(s): None

Synopsis:

In this dynamic and global business environment, effective leadership and outstanding human resource are the keys to organizational success. This course focuses on equipping students with the knowledge and competencies to lead, manage and develop talents in organizations. The course is built upon the foundations of leadership and human resource management disciplines. Students will learn to lead talents by understanding the behaviors of individuals, groups and organizations as a whole, and achieving talent professionalism as well as organizational effectiveness through human resource management activities.

Marketing Management

Code: MBSA 1313

Pre-Requisite Course(s): None

Synopsis:

This course aims at understanding and relating the concepts and tools for effectively marketing a product or service, and how it can be used to develop and sustain competitive advantage within the industry. Products and services would require a distinctive approach to planning and implementing marketing strategy based on their relevant marketing mix including price, delivery, product offer and the controversial legal specification of using promotional mix in the marketing of selected services. The emphasis is on the understanding of products and services as well as their dynamic market changes and then tailoring marketing goals and strategies accordingly. Additionally, the focus goes on to develop students’ ability to define and analyze marketing and branding issues as well as to form a forum in order to discuss the marketing problems.

Accounting for Business Decision Making

Code: MBSA 1413

Pre-Requisite Course(s): None

Synopsis:

This course is designed to expose participants to important issues in accounting relevant to business organizations. Its main aim is to provide knowledge and develop a general understanding of how these issues are relevant and affect business operations. Participants are taught on how to interpret financial statements and understand the implications for their organizations. The course also discusses the various costing concepts and methodologies to help build awareness on the importance of cost and profit, so that participants will be cost conscious and strive for productivity and profitability as they ethically perform tasks at their workplace.

Financial Management & Corporate Governance

Code: MBSA 1453

Pre-Requisite Course(s):

  • Accounting for Business Decision Making

Synopsis:

Business organizations are torn between effective business service for consumers and organizational profitability. This is pertinent in view of the need to strategize their operations within the competitive business market, especially for private businesses. The governance of corporations in contemporary business and socio-economic environments is further explored looking into in-depth analysis and evaluation of the role, responsibility, integrity and accountability of corporations and their directors, managers and officers. Topics covering the corporation as a unique form of social organization acting as catalyst for reform towards enhancing the strength, resilience and morality of civil society of the nation and the world would be covered and critically examined.

Business Ethics, Responsibility and Sustainability

Code: MBSA 1533

Pre-Requisite Course(s): None

Synopsis:

Business plays a significant role in societal and environmental well-being. Private and public organizations are no longer responsible to shareholders and those inside the organizations, but to external parties including consumers, politicians, regulators, communities and ordinary citizens. To fulfill the conflicting needs of these stakeholders, business leaders and managers often encounter complex situations which require them to make difficult decisions whereby the lines between right and wrong are blurry. This course aims to provide students the fundamental knowledge about the role of organizations in a society and to develop their skills to sustainably manage organizations that integrate legal, ethical, economic, environmental, and social dimensions into their decision-making. The course intends to develop responsible managers who have high integrity, professionalism and interpersonal skills. The course will also teach strategies on how managers can promote responsible conducts in their companies. The course objectives will be achieved through various teaching and learning methods specifically through critical examination of case studies involving ethical issues and dilemmas on complex and controversial business problems. This course is integrative in nature built upon the understanding and reflection of the main disciplines covered in the core courses in the MBA program.

New Venture Creation

Code: MBSA 2313

Pre-Requisite Course(s):

  • Accounting for Business Decision Making
  • Marketing Management

Synopsis:

Entrepreneurship education is an integral component of business education since it focuses on recognizing a business opportunity, starting a business based on the recognized opportunity and sustaining that business. As well realized, successful entrepreneurship requires more than merely luck and money. Education provides skills and tools to the process of creativity, innovativeness, risk taking and planning to ensure higher survivability. This course is designed to provide a contemporary perspective on the theory, process and practice of entrepreneurship. It also focuses on important aspects of the business start-up process with a business model canvas as the grand outcome. The development processes are applicable to both small business and corporate environments.

Business Research

Code: MBSA 1713

Pre-Requisite Course(s): None

Synopsis:

Understanding of organizational issues requires managers to know the methodologies to acquire relevant information (data) accurately. The course is delivered as a series of modules by a team of lecturers. It addresses knowledge needed to conduct the following projects: 1) scientific research, 2) case writing research, 3) business plan, and 4) consultancy project. Students are expected to produce any of the following outputs: 1) mini research report, 2) caselet and teaching note, 3) business plan, or 4) consultancy report. Presentation of these outputs shall be presented and evaluated by at least two examiners nominated by IBS. The outputs of the course will be carried through shall students opt for Business Research Project course (MBSA 2923).

(12 Credits)

Islamic Financial System (compulsory elective)

Code: MBSA 2433

Pre-Requisite Course(s): None

Synopsis:

The course covers the development of Islamic financial system which includes financial markets and instruments, financial intermediaries and financial behavior. The course examines the financial system from the perspectives of Islamic economy as an alternative for conventional counterpart in promoting the financial and economic stability. The course also offers an overview of the interaction between monetary policy and financial markets. The goal of the course is to provide the students with the knowledge of the real-world finance with the interaction of Islamic finance. For this, students are expected to graduate from the class having to appreciate the moral creation in the financial and economic system.

Fiqh Muamalat in Banking and Finance (compulsory elective)

Code: MBSA 2543

Pre-Requisite Course(s): None

Synopsis:

Islamic commercial law and financial transactions (fiqh al-muamalat) is an ordered set of interrelated rules which works together harmoniously in any society. Its fundamental principles are provided by the Quran and Sunnah. Muslim jurists have provided in great details scholarly works on the concept of usury (riba), propert (mal), right (haq), ownership (milkiyyah), and contract (‘aqd). Henceforth, this course will include the contract of agency (wakalah), contract of loan (al-Qard), contract of safekeeping (al-Wadiah), Partnership (al-Sharikat), Silent Partnership (mudarabah/Qirad), and Pledge, Mortgage or Pawn (al-Rahn) and a few other aspects of Islamic commercial elements in the contract

Islamic Banking Products and Services

Code: MBSA 2443

Pre-Requisite Course(s): None

Synopsis:

This course examines the Sharī’ah financial instruments based on the popular forms of contract in Islamic law. The categorisation of these instruments is based on the types of contracts ranging from exchange-based contracts, service-based contracts, partnership contracts, supporting or accessory contracts, to unilateral supporting contracts. One unique feature of this course is the appraisal of how these classical contracts have been transformed to competitive Sharī’ah financial instruments to meet the modern challenges in the Islamic banking, finance, and takaful services.

Risk Management in Islamic Derivatives

Code: MBSA 2453

Pre-Requisite Course(s): None

Synopsis:

Islamic derivatives as risk management tools for the Islamic financial services industry become important and need to assess the effective adoption of relevant contracts for derivatives and analyze the impact of changes in market and Shari’ah rulings on derivatives. We need to evaluate the suitability of various types of derivatives to mitigate various financial risks and analyze the distinction between hedging and speculation. This course will focus on the tools and techniques available for managing these risks such as future contracts, option contracts, swaps and other standard risk-hedging techniques.

Accounting for Islamic Financial Institutions

Code: MBSA 2463

Pre-Requisite Course(s): None

Synopsis:

Accounting Standards for financial reporting by Islamic financial institutions have to be developed because in some cases Islamic financial institutions encounter accounting problems due to existing accounting standards such as IFRSs or local GAAP being developed based on conventional institutions, conventional product structures or practices, and may be perceived to be insufficient to account for and report Islamic financial transactions. Sharia’a compliant transactions that observe the prohibition on charging interest may not have parallels in conventional financing and therefore, there may be significant accounting implications. Likewise, the Islamic finance industry is under considerable pressure to enhance practice and improve risk management systems and protect investors.

Takaful and Retakaful

Code: MBSA 2473

Pre-Requisite Course(s): None

Synopsis:

This course examines takaful from conventional insurance. Every Malaysian takaful operator will be examined in this course with respective models offered to participants. The different models applied will be presented to see the applicability in the current usage. The retakaful concept also will be discussed. This course provides a comprehensive view of the very issues governing the industry and its future direction. As top financial institution around the world seems to enter the lucrative Takaful markets, this course will offer crucial background information and advice, invaluable for relevant players in the market.

Islamic Marketing

Code: MBSA 2353

Pre-Requisite Course(s): None

Synopsis:

This course is designed to provide students with an understanding of the marketing from Islamic perspective. There will be a focus on the importance of Islamic marketing in the real world and how organizational build a strong Islamic branding in an attempt to cater not only Muslims, but non-Muslims market. It will include topics such as Islamic marketing mix, consumer behaviour in Islamic context, ethics and corporate social responsibility as well as international marketing. Issues in marketing that contradicts with Islamic values also will be highlighted. Additionally, the course will provide opportunities for the practical implementation of the concepts covered and the development of problem solving skills by means of face-to-face learning, assignments, case analysis, group project and discussion.

Business Research Project (compulsory elective) - Applicable to intake September 2016/2017 onwards

Code: MBSA 2923

Pre-Requisite Course(s): Business Research

Synopsis:

Business Research Project aims to provide students with the opportunity to apply theories learned in the MBA program in a context of a project directly relevant to organizational issues. Students will choose either to conduct a business research or a case writing research. Topics chosen should focus on issues faced by organizations in the context of business and management. Research dissertation shall be presented and examined by at least 2 examiners. Whereas, the case study shall be demonstrated in front of audience and examined by an examiner and the audience.

 

3 credits. Choose 1 Course Only

Organization Behavior and Development

(or any other University Electives offered at UTM)

Admission Requirements

The minimum entry requirement to the MBA program are as follows:

  1. An honours degree from UTM or other recognized universities or an equivalent academic qualification from an overseas establishment approved by the University Senate. Certain professional qualifications will also be considered.
  2. At least two years post-qualification working experience.
  3. Minimum English requirement
    IELTS = Band 5.5 525 ≤ TOEFL < 550 69 ≤ TOEFL IBT < 79 + English Course Certificate. (for International candidates only)

or

  • Admission through APEL (for Malaysian candidates only)
  •  More than 30 years of age on 1 January in the year of application; and
  •  STPM / Recognized Diploma / A-Levels / Equivalent; and
  • Relevant work experience / prior experiential learning; and
  •  Pass the APEL Assessment
    (Aptitude Test, Portfolio & Interview)
Application Procedure
  1. Application must be made online at admission.utm.my
  2. The following documents must be uploaded into the online application portal:

• Certified copy of Bachelor Degree

• Certified copy of Diploma (if any)

• Certified copy of Academic Transcript(s)

• Certified copy of English Certified of IELTS/TOEFL with band score of 6.0/550 (for international candidates only)

• Passport-sized Photograph

• Copy of Passport (for international applicants)

• Two Referee Letter (Not compulsory)

• Financial Guarantee / Bank Account Statement (for self-sponsored candidate)

• Two copies of Scholarship Letter (If any)

• Proof of processing fee being paid

3.Only completed application will be processed

Fees and Payment

PROCESSING FEE Processing fee for local and international applicants are as follows:

Applicant
Fee
Malaysian
MYR60
Non-Malaysian
USD50

METHOD OF PAYMENT

Internet Banking/Electronic Funds Transfer

FEES AND CHARGES Fees_and_Payments

FUNDING YOUR STUDIES

Find out more about funding opportunities offered by UTM.

STUDENT’S EXPERIENCE

“From the very first day I came to UTM IBS, I was impressed by the professors. Apart from all the high standard facilities and learning opportunities, all the lecturers of UTM IBS are truly concerned about each student’s success.”

Dr Faizan Ali, IBS Alumni

Assistant Professor, University of South Florida Sarasota-Manatee

   For more information about the admission process,

   Contact ;

Name  Pn. Siti Rahmah Othman
Email   sitirahmah@ibs.utm.my
Ext no   03- 2180 5031

   To know more about the programme ,

   Contact ;

Name : Dr. Nomahaza Mahadi
Email  : mahaza@ibs.utm.my
Ext no : 03- 2180 5076 or 5039