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PhD in Islamic Finance and Economics (Online)

Program Type

Program Type: PhD

School / Institute

School of Global Economics and Development

Study Mode

Online + Full Time and Part Time

Overview

The EUCLID online PhD in Islamic Finance and Economics is among the programs developed as part of a Joint Initiative between EUCLID (an intergovernmental treaty-based institution) and ICCI (now ICCIA, the Islamic Chamber of Commerce, Industry and Agriculture), starting 2008.

This PhD program represents a convergence of EUCLID’s expertise in global governance, international civil service, and interfaith studies. It is the only online graduate program in this important field of academic study and professional practice organized by a public intergovernmental organization and officially used by active civil servants over 4 continents. In this regards, it is an excellent choice for both Muslim and non-Muslim students alike.

Academic Presentation

EUCLID’s Doctorate in Islamic Finance and Economics represents 90 US credits (120 ECTS) of coursework beyond the Bachelor’s. In practice, students may enter the DIFE with a relevant Master’s degree, complete 30 to 35 US credits of core doctoral courses, followed by the actual writing of the dissertation in 5 phases. The resulting thesis should be a publishable book offering a clear contribution to the field and establishing the author as a subject-matter expert.

Among the suggested areas of focus are:

  • Islamic Banking Sustainable development
  • Islamic Microfinance
  • Alternative Banking Models
  • Comparative Economics
  • Islamic Economics in Africa
  • Sustainable Financial Systems

EUCLID = ISLAMIC FINANCE IN PRACTICE

Pic7

Photo above: EUCLID’s Secretary-General Syed Zahid Ali with the President of the Islamic Development Bank (2008). EUCLID became an IsDB Partner in 2014.

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Requirements

Applicants should have a relevant Master's degree issued by an institution listed in the UNESCO-IAU handbook/database or otherwise duly recognized/accredited. Similar or related backgrounds with adequate professional experience may be considered for Government-sponsored applicants (who are already government staff) who may be admitted without the required educational credential if their level of education and experience is deemed sufficient. EUCLID may require these participants to complete bridge courses prior to enrolling in the program. Fluency in English (spoken and written) is required and will be tested. Students are expected to be in a position to dedicate 10 to 15 effective hours of study on a weekly basis.

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Program Outline

RELEVANT COURSES
Code
Course Name
USCH

Economics Module

5

MBA Core (MBA Essentials with Fundamentals of Management)

5

Introduction to Banking, International Banking and Finance

4

Quantitative Finance (A)

3

Overview of Islam, Islamic Law (Shar'iah) and the Islamic World

4

Islamic Economics

3

Foundations and Principles of Islamic Finance

3

Advanced Studies in Islamic Finance: 1

3

Advanced Studies in Islamic Finance: 2

3

Business Profit and Loss (P&L) Assessment

3
Total Credit Hours (USCH):
39
ASSOCIATED COURSES
Code
Course Name
USCH

International Academic Writing (Doctorate)

2

Argumentation and Critical Thinking

2

Doctoral Thesis 1/5

5

Doctoral Thesis 2/5

5

Doctoral Thesis 3/5

5

Doctoral Thesis 4/5

5

Doctoral Thesis 5/5

5
Total Credit Hours (USCH):
45-55

Employment Outlook

As a high-level PhD, the EUCLID DIFE provides outstanding professional and academic preparation to its students for a successful career in Islamic finance at the international, regional, national and local levels. Outlook includes teaching positions at the university level as well as managerial positions in education, banking, and economic policy. There is also an increasing demand for experts in Islamic finance and economics in non-Muslim countries and institutions, and one does not have to be a Muslim to study Islamic finance. EUCLID alumni have been successful in securing employment and promotions in government service and international organizations, including at the level of ambassador and minister.

Why Study @ EUCLID?

EUCLID is the only intergovernmental, treaty-based university with a UN registered charter and recognized expertise in diplomacy. Join the alma mater of ambassadors and senior officials globally.

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