Estb. 1882

University of the Punjab
Main Page > Quaid-e-Azam > Islamic Studies > Institute of Islamic Studies > M.Phil Islamic Studies (Specialization in Islamic Economics) (Self Supporting)

M.Phil Islamic Studies (Specialization in Islamic Economics) (Self Supporting)

Mission Statement
Institute of Islamic Studies strives to develop a learning community that aims at academic excellence. The institute has dynamic and visionary leadership, and is able to foster Islamic values. It endeavors to produce, in a stimulating and innovative educational environment, scholars possessing genuine faith, comprehensive Islamic knowledge and intellectual ingenuity, which enables them to respond to the enormous challenges faced in a continuously changing global society. We also intend to orient our students' academic and religious experience to help them become genuinely committed to contribute to the public good with the ultimate view to earning success in this life and the hereafter.
To help the students grasp the essential and genuine concepts of Islam as a way of life which can effectively identify and resolve the problems faced in contemporary world.
To equip the students with the deeper understanding of Islamic values.
To teach students how to utilize the basic techniques of research to contribute to the existing body of academic research while observing principles of honesty and objectivity.
To enable students to learn the Quran and the Quranic commentary in a way that they understand how its teachings educate conscience and ameliorate behaviors. Special emphasis is laid on understanding how the guidance of the Quran relates to contemporary issues and circumstances.
To acquaint the students with major events in the evolution of Hadith and Fiqh (Islamic Jurisprudence) and Fiqh Al-Sunnah, and other major disciplines of Islamic Studies.
To enable students to serve as faithful representatives of Islam, i.e. they diligently follow Allah’s injunctions, emulate His Messenger (SAWS) and his companions, and exhibit and promote a culture of patience towards religious diversity.
It envisages an Islam based on sound knowledge that the students have acquired for themselves and which they carry back into their communities with a commitment to respect and serve others.
To promote the teachings of Islam without any sectarian, ethnic and extremist alignment or bias.
Introduction of the Programme
Islam exhorts their followers to be useful human beings in all dimension of life specifically in economic sphere so that they would have resources to serve the humanity rather being handicapped and deprived. The ancient jurists developed the discipline of Fiqh al-muamlat that was an intelligent effort to provide theoretical framework for flexible Islamic financial system. The discipline of Islamic economics has been built on these genuine ancient juristic ideological foundations.
The radical change in the economic universehas compelled the whole academic realms to transform their fundamentals of knowledge and ideas. Hence, the curriculums of Islamic Studies were also revisited and to provide sound knowledge of Islamic economics to keep the Muslim youth abreast with modern overwhelming economic revolution and cope with rapid economic change.
Master of Philosophy (M.Phil) in Islamic Economics has been launched to produce the true scholars that are need of the day to act as bridge between modern world and religious world. The curriculum has been aimed to provide best knowledge of dynamic financial system of Islam at optimum level to the new generation so that they would be able to present Islam as a practical and progressive religion. It has also been aspired to provide such researchers to the Islamic societies that are capable to float novel ideas to devise and formulate Islamic financial institutions absolutely on Islamic foundations without any ideological piracy. Their vision, passion, pace and momentum must be originated from Islamic sources.
Career Opportunities
Curriculum of Master of Philosophy (M.Phil.) in Islamic Economics has been developed keeping in view market needs. A handsome theoretical and practical knowledge is imparted to enrich the students for professional career in the field of Islamic finance. The graduates are quiteeligible to work in Islamic Banks as Sharia advisor and Sharia Implementation facilitator. They can also opt the professional career in Takaful companies on good emoluments. Even the graduates are hired by the conventional banks as Sharia advisor launch Riba free products and to hunt the religious segment of investors. The Mudarba companies are also engaging Islamic scholars for the smooth functioning of their sharia based systems. The private and Public sector universities are initiating new disciplines of Islamic Economics and Islamic Banking & Finance and need of faculty is always there for learned persons.
Highly qualified professionals and instructors from the academic world of the universities, especially professors of Punjab University who have earned doctorate degrees and significant relevant professional experience and expertise will be engaged and hired. In addition to Punjab University faculty, the professionals working in renowned financial institutions and business sector holding relevant qualification are recruited to deliver all or part of some courses.



Teaching System

Admission Criteria