student kit sept 2

Academic Regulation

1. award the Student zero marks, either for the assessed work or the whole course with
the right to re-submit or re-sit at the following sitting;
2. award the Student zero marks either for the assessed work or the whole course
without the right the re-submit or re-sit;
3. expulsion of the Student;
4. if the plagiarism
4. cause a record to be made in the Student’s file.

v) The Student shall be informed in writing of the decision within seven (7) days of the
interview.

vi) The Student shall have the right to appeal against the CAO’s decision within seven (7)
days after receipt of the decision. Any appeal must be in writing and sent to the
President & Chief Executive Officer (“PCEO”).

vii) It will be the sole discretion of the PCEO to determine whether to re-open the matter.
The PCEO may decide to direct a new interview, in which case the CAO and Head of
Department involved in the first interview will be excluded; or reduce the penalties
imposed by the CAO or dismisses the appeal.

viii) If the appeal is dismissed, a completion of procedure letter will be issued to the
Student. Any Student who intends to further appeal may take his/her case to the
Minister of Higher Education, Malaysia.

4.2 NON-ACADEMIC MISCONDUCT

4.2.1 These procedures shall apply to allegations of misconduct other than plagiarism against any
student.

i) Any member of INCEIF may lodge a complaint against any student for an alleged
misconduct. The complaint, giving details of the alleged misconduct, must be in writing
and addressed to the CAO.

ii) The CAO, upon examining the evidence, may immediately instruct that the Student be
suspended and denied use of any INCEIF facilities.

iii) The CAO may dismiss the complaint if he/she believes that there is no case for the Student
to answer or if the complaint is not dismissed, to refer the case to the Student Disciplinary
Committee.

iv) Any action taken by the CAO shall be communicated in writing to the Student by the office
of the CAO within three (3) days.

v) If the case is referred to the Student Disciplinary Committee, the chairman of the Student
Disciplinary Committee shall call for a hearing. Members of the Student Disciplinary
Committee shall comprise: the CAO (“Chairman”), Head of Admission and Student Affairs
Department, Head of Governance and two (2) faculty members.

vi) Prior to the hearing, the Chairman shall appoint an investigating officer from among the
faculty members who will conduct an investigation and prepare a written finding on the
case within seven (7) days.

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vii) The Student shall be given seven (7) days written notice of the date of hearing. The Student
shall also be given a written statement of the charges. Failure to attend shall result in an
immediate dismissal of the Student from INCEIF. The Student Disciplinary Committee shall
have the power to conduct the hearing in the absence of any person(s) entitled to attend.

viii) At the hearing, the following procedure shall be applied:

a. The Chairman shall explain to the student of the nature of the alleged misconduct and
call upon the accused Student for his/her plea.

b. If the Student pleads guilty, the Chairman shall explain the facts of the case and the
consequences of his/her plea. If the Student understood the facts and consequences
of his/her plea, the Student Disciplinary Committee shall pronounce the Student guilty
of the offence and the penalty imposed.

c. If the Student pleads not guilty, the Student Disciplinary Committee shall conduct the
hearing. Each party to the hearing shall be entitled to make an opening statement,
give evidence, call witnesses, question any witness concerning any relevant evidence
and to address the Student Disciplinary Committee at the close of the hearing.

d. At the close of the hearing, the Student Disciplinary Committee shall determine, in
consideration of the evidence, whether a misconduct has been committed.

e. if the Student Disciplinary Committee is satisfied that the Student has not committed
a misconduct it will instruct that the case is closed and no further notice to be entered
into the Student’s file. However, after a finding of guilt, it can take one or more of the
following courses of action:

I. issue a written warning to the student indicating the consequences of future
misconduct, to be entered into the student’s file;

II. require the student to compensate for or make good any damage caused to
the property of INCEIF;

III. withholding of exam results or denial of degree;

IV. suspend for a specified period of time or exclude the student with immediate
effect from INCEIF premises and/or programmes;

V. expulsion from INCEIF;

VI. in the case of a sponsored student, a letter shall be sent to the sponsoring
organisation; or

VII. any other penalty as deemed fit by the Student Disciplinary Committee.

4.3 On completion of the hearing, the student will be sent a written notice stating the outcome of
the hearing, the reasons for that outcome, summary of the alleged facts on which the
disciplinary action is based and any penalty imposed. The notice will also include a clear
statement of the right to seek a review of the decision.

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Academic Regulation

4.4 If the misconduct is committed by a student who is situated abroad, the above procedure shall
be conducted via an exchange of documents.

5. REVIEW OF THE OUTCOME OF THE HEARING

5.1 A student may request a review by the President & Chief Executive Officer (PCEO) against a
decision or penalty imposed by the Disciplinary Committee. Such a request for a review must
be submitted in writing to the PCEO within seven (7) days of any decision or penalty being
imposed.

5.2 The Student must state clearly his/her grounds of appeal.

5.3 The PCEO may call for the notes of hearing in respect of which the notice of appeal is given.

5.4 The PCEO may, reject or confirm the decision of the Student Disciplinary Committee, or impose
a lesser or higher penalty, as the PCEO deems fit.

5.5 The PCEO’s decision shall be final.

6. SUSPENSION AND EXCLUSION PENDING A HEARING

6.1 The CAO may suspend or exclude a student pending a hearing, where the student is the
subject of a disciplinary proceeding and there is a criminal charge pending or an ongoing
police investigation. Written reasons for the decision shall be recorded and made available to
the student.

6.2 Other than in exceptional circumstances, no Student shall be suspended or excluded unless
given an opportunity to make representations in person or in writing to the CAO.

6.3 A decision to suspend or exclude from academic activities associated with the student’s
programme of study, shall be subject to review, at the request of the student, where it is in
place for a continuous period of four weeks, or longer.

7. AMENDMENTS

7.1 The CAO may make amendments and variations to this policy and any such amendments
and/or variation shall be subject to the endorsement of the Professional Development Panel
(PDP) of INCEIF.

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Academic Regulation

Appendix 4: Declaration Of Copyright And Authorisation To Use

THE INTERNATIONAL CENTRE FOR EDUCATION IN ISLAMIC FINANCE (INCEIF)
DECLARATION OF COPYRIGHT AND AUTHORIZATION TO USE
Copyright ©2009 by [Student’s Name]. All Rights Reserved.
[Paper Title]

No part of this unpublished [research, project paper, dissertation, thesis] may be reproduced,
copied, photocopied, transmitted, stored, in any form or by any means without prior
permission of the author except as provided below:

1. Any part quoted, adapted, copied may only be used with proper acknowledgement
to the author.

2. The author hereby grants INCEIF with a royalty-free license to use the author’s
copyright.

3. INCEIF and its library shall have the right to keep, reproduce, transmit copies (print
and electronic) for academic and institutional research, teaching and reference
purposes.

4. INCEIF Knowledge Management Centre has the right to store in a retrieval system,
make copies (print and electronic) and supply copies of this unpublished [research,
project paper, dissertation, thesis] if requested by other universities and research
libraries.

Affirmed by [Student’s Name]
--------------------------------------
(signature)
Date: ----------------------------

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Academic Regulation

Appendix 5: Academic Progression and Graduation Policy
1.0 Definition and Abbreviations:

ASAD Refers to Admission and Student Affairs
AEERC
Refers to Admission, Exemption and
CIFP Examination Review Committee.

Dean Refers to Chartered Islamic Finance
Professional
MIFP
Refers to Dean of School of Professional
PDP Studies (SPS)

Regular Semester Refers to Masters in Islamic Finance Practice
Short Semester Programme
SPS
Refers to INCEIF’s Professional Development
Panel

Refers to January and September semester.

Refers to June semester.

Refers to School of Professional Studies

2.0 Purpose

 This document outlines the policy pertaining to student’s satisfactory progression and
graduation requirements and the various conditions under which he/she must fulfil in order
to graduate within a stipulated timeframe.

3.0 Application & Scope

 This policy applies to all INCEIF’s students enrolled in MIFP/CIFP programme.

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4.0 Policy Provisions 4.1.1 The period of study for programmes under SPS is divided into Part
4.1 Period of Study Time and Full Time.

4.1.2 The length of time for each type are as follow:

Programme Study Min. Max.
Mode years years
MIFP Face Part time
to Face Full time 1.5 4
MIFP Online Part Time 1 2
Full Time 3 6
CIFP Face to 1 2
Face
Online 1.5 2

1.5 9

4.1.3 Student who exceed the maximum duration of study stated in 4.1.2
above may be subjected to dismissal from the programme.

4.2 Registration 4.2.1 To maintain an “Active Status” in any given semester, a student must
Requirement register a minimum credit hours as follows:

Minimum No. of Course(s) per

Programme semester

MIFP (Face to Short Regular
Face) – Part
time Optional 2
MIFP (Face to
Face) – Full Optional 4
time
MIFP (Online) – Optional 3
Full Time Optional 1
MIFP (Online) – Optional 4
Part Time Optional 2
CIFP Face to
Face
CIFP Online

4.2.2 Short semester is not mandatory and may not be counted in the
deferment for all programmes.

4.2.3 A student who does not register in a Regular Semester without
obtaining prior approval from the Dean shall receive reminder notice
to register in the next consecutive semester.

4.2.4 Student who failed to register in two (2) consecutive Regular Semesters
will be subjected to dismissal from the Programme if there is no
reasonable justification provided.

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Academic Regulation

4.3 Deferment 4.3.1 Student who intend to defer their study in any regular semester is
required to apply and obtain the approval from the Dean.

4.3.2 The Dean has full discretion to allow or reject any application to defer.

4.3.3 A student is only allowed a limited period to defer his/her study:

Programme Maximum Deferment
MIFP (Face to Face) 3 regular semester
– Part time 2 regular semesters
MIFP (Face to Face) 2 regular semesters
– Full time 4 regular semester
MIFP (Online) – Full 2 regular semesters
Time 4 regular semester
MIFP (Online) – Part
Time

CIFP (Face to Face)

CIFP (Online)

4.3.4 Notwithstanding the above, student who intends to defer his/her
study is subject to maximum period of study as stated in 4.1.1
hereinabove.

4.3.5 Conditions where the deferment is not calculated in the total duration
of study are as follows:

 A short semester;

 Medical grounds with supporting documents;

 Unexpected hospitalization due to critical illness/disease or
injury due to personal accident;

 Complications due to pregnancy that may occur at any stage
of the pregnancy and require the candidates to be
hospitalized; or

 Death of immediate family members or close members or
close relatives during or before examination date.

 Other reason, subject to the Dean’s discretion.

4.3.6 The following reasons may be considered by the School for deferment
request, however, the deferred semester will be calculated in the total
duration of study:

 Excessive workload;

 Commitment for meetings;

 Change of job appointment; or

 Outstation duties.

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4.3.7 Postponement to enrol to start the programme is not considered as
deferment.

4.4 Repeat a Failed 4.4.1 A student who fails any courses will be required to repeat it.
Course
4.4.2 There is no limit for the student to repeat the course.

4.4.3 Notwithstanding the provision in 4.4.2, a student who is repeating a
failed course is still subject to the maximum period of study for CIFP or
MIFP as stated in 4.1.1 hereinabove.

4.4.4 When a student repeats a course, the fail grade previously obtained for
the course shall remain on the transcript.

4.5 Fees 4.5.1 In order to continue from one semester to another, it is the
responsibility of the student to ensure that all fees due to INCEIF are
settled as verified by Bursary.

4.5.2 Failure to do so may lead to barring the student from sitting the
examination, obtaining examination result, registering in the next
semester and/or obtaining graduation award certificate.

4.5.3 Provisions for unbarring a student due to payment are described in the
Collection and Recovery of Fees Policy.

4.6 Graduation 4.6.1 The principle of conferment of an academic award can only be
conferred on a candidate who has satisfied the academic requirements
to qualify for the award and all other requirements of INCEIF.

4.6.2 All candidates eligible for graduation will be granted their scrolls after
the annual convocation ceremony of INCEIF, subject to the settlement
of any outstanding financial obligations.

4.6.3 INCEIF may charge graduation fees on candidates.

4.6.4 The names of graduates on the degrees will be spelled in Roman
alphabet exactly as they appear on their passports or national identity
card.

5.0 Document Review

 This policy is under the responsibility of the owner who has to ensure its clarity, relevance,
impact in consultation with the Quality Assurance Division and Governance.

 This policy should be reviewed in accordance with policy review cycle. Any changes in the
policy should be reflected in the documents outlined in Section 7 of this policy and accordingly
communicated to all affected stakeholders.

 The review should be conducted in accordance with the process outlined in the INCEIF’s Policy
Development and Review Procedure.

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6.0 Related Documents (Policies, Procedure, Manuals, Guidelines, Forms, Templates)

Document Reference Document Name
Code

Collection and Recovery of Outstanding Fees Policy

7.0 Version Control Date Changes
Version No. 27/09/2016 Issue for use (DECR No: 12/2016)
1

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Course Plan

Masters in Islamic Finance Practice (MIFP) – Face to Face (Fulltime)
Course Plan - September 2018 Semester

Year Semester Code Paper Credit Hours
1 Period 3
IE5033 Economics for Islamic Finance 3
Semester 1 3
QM5023 Quantitative Methods 3
Semester 2 SH5013 Shariah Aspects of Business and Finance 3
AB5013 Strategic Planning Decision Making 3
FN5044 Islamic Capital Market 3
3
IB5013 Islamic Banking Practices 3

AB5023 Action Based Learning 3
AC5023 Accounting in Islamic Finance
3
SH5023 Shariah Rules in Financial Transactions 3
3
Semester 3 IB5033 Risk Management of Islamic Financial 3
Institutions 42

2 TK5013 Islamic Insurance
PP5013 Practice Paper

Semester 4 IE5023 Ethics and Governance

- Elective

Total Credit Hours Completed – Semester 1 to Semester 4

International Centre for Education in Islamic Finance (INCEIF) (Company No.718736-K)

Study

Course Plan

Masters in Islamic Finance Practice (MIFP) - Face to Face (Part Time)
Course Plan - September 2018 Semester

Semester Code Paper Credit Hours
Period IE5033 Economics for Islamic Finance 3
QM5023 Quantitative Methods 3
Semester 6
1 3
3
Total Credit Hours Completed 6
3
Semester SH5013 Shariah Aspects of Business and Finance 3
2 AB5013 Strategic Planning Decision Making 6
3
Total Credit Hours Completed 3
6
Semester AB5023 Action Based Learning 3
3 IB5013 Islamic Banking Practices
3
Total Credit Hours Completed
6
Semester FN5044 Islamic Capital Market 3
4 AC5023 Accounting in Islamic Finance 3
6
Total Credit Hours Completed 3
3
Semester SH5023 Shariah Rules in Financial Transactions 42
5 IB5033 Risk Management of Islamic Financial Institutions

Total Credit Hours Completed

Semester TK5013 Islamic Insurance
6 IE5023 Ethics and Governance

Total Credit Hours Completed

Semester PP5013 Practice Paper
7 - Elective

Total Credit Hours Completed – Semester 1 to Semester 7

International Centre for Education in Islamic Finance (INCEIF) (Company No.718736-K)





Class Schedule

Masters in Islamic Finance Practice (MIFP) - Face to Face
Class Schedule - September 2018 Semester

Time 9.00am - 12.00noon 2.00pm - 5.00pm 6.30pm - 9.30pm
Day
IE5033 TK5013 IB5033
Monday Economics for Islamic Finance Islamic Insurance Risk Management of Islamic
Lecturer: Assoc. Prof. Dr. Magda Lecturer: Mr. Ezamshah Ismail
Tuesday Venue: Case Study Room Financial Institutions
Ismail Lecturer: Prof. Dr. Saiful Azhar
Wednesday Abdel Mohsin IB5043
Thursday Venue: CIMB Islamic Classroom Financial Services Marketing Rosly
Friday Lecturer: Mdm. Kartini Yusoff Venue: Case Study Room
FN5044
Islamic Capital Market Venue: Case Study Room IE5023
Lecturer: Mr. Abdul Rashid Abd Ethics and Governance
IE5023 Lecturer: Prof. Dr. Syed Abdul
Kadir Ethics and Governance
Venue: Case Study Room Lecturer: Prof. Dr. Syed Abdul Hamid Aljunid
Venue: CIMB Islamic Classroom
IB5013 Hamid Aljunid
Islamic Banking Practices Venue: CIMB Islamic Classroom TK5033
Lecturer: Mr. Abdul Rashid Abd Islamic Wealth Planning and
SH5013
Kadir Shariah Aspects of Business and Management
Venue: Case Study Room Lecturer: Assoc. Prof. Dr. Shaikh
Finance
SH5033 Lecturer: Assoc. Prof. Dr. Hamzah
Shariah Issues in Islamic Finance Muhammad Yusuf Saleem Abdul Razak
Venue: CIMB Islamic Classroom Venue: Great Eastern Takaful
Lecturer: Dr. Ziyaad Mahomed Classroom
Venue: CIMB Islamic Classroom QM5023
Quantitative Method AB5013
Lecturer: Assoc. Prof. Dr. Baharom Strategic Planning and

Abdul Hamid Decision Making
Venue: CIMB Islamic Classroom Lecturer: Assoc Prof Dr Ahmed

Razman Abdul Latiff
Venue: Computer Lab 1

AC5023
Accounting for Islamic Finance

Lecturer: Prof. Dr. Zulkarnain
Muhammad Sori

Venue: Classroom 1 & 2

SH5023
Shariah Rules in Financial

Transactions
Lecturer: Assoc. Prof. Dr. Aishath

Muneeza
Venue: CIMB Islamic Classroom

IB5023
Structuring Financial

Requirements
Lecturer: Mr. Abdul Rahman

Mohd Yusoff
Venue: CIMB Islamic Classroom

Remarks: There will be no classes on Public Holiday.

International Centre for Education in Islamic Finance (INCEIF) (Company No.718736-K)







Examination Schedule

Masters in Islamic Finance Practice (MIFP) – Face to Face
Examination Schedule - September 2018 Semester

Day Date 9.00 a.m. - 12.00 noon 2.00 p.m. - 5.00 p.m.
Monday 10-Dec-18
Tuesday 11-Dec-18 Week 1 IE5023
Wednesday Ethics and Governance
12-Dec-18 AC5023
Thursday Accounting for Islamic Finance FN5044
Islamic Capital Market
Monday IB5033
Risk Management of Islamic Finance SH5013
Tuesday Shariah Aspects of Business
Institutions
and Finance
AC5013
Financial and Managerial Accounting SH5033
Shariah Issues in Islamic Finance
TK5013
Islamic Insurance

13-Dec-18 SH5023 AC5033
17-Dec-18 Shariah Rules in Financial Transactions Shariah Audit and Compliance

IB5023
Structuring Financial Requirements

Week 2

QM5023
Quantitative Method

SH5053 FN5113
Financial Management & Accounting
Commercial Law and Legal Documentation
for Islamic Financial Services

18-Dec-18 IB5013
Islamic Banking Practices

AB5013 FN5014
Strategic Planning and Decision Making Financial Management

Wednesday 19-Dec-18 TK5033 IE5033
Islamic Wealth Planning and Management Economics for Islamic Finance

Thursday 20-Dec-18 IB5043
Financial Services Marketing

International Centre for Education in Islamic Finance (INCEIF) (Company No.718736-K)











MSc Academic Regulation

MSc in Islamic Finance
Academic Regulation

PROGRAMME OF STUDY: MSC IN ISLAMIC FINANCE

1. PERIOD OF STUDY

1.1 The Master of Science in Islamic Finance (MSc-IF) programme consists of 27 credits of core courses, 6
credits of project paper and 9 credits of elective courses. A student must complete 42 credit hours
requirement in order to graduate from the programme.

1.2 A student enrolled in the MSc-IF programme must complete his/her studies within the duration as
stipulated below:

Programme Mode of Study Min. years Max. years
MSc-IF Full time 1.5 3
Part time 1.5 4

1.3 A student may change from full-time to part-time or vice versa only once throughout the study
period.

1.4 Where a student changes from full-time to part-time study or vice versa, the minimum and maximum
registration periods will be calculated as if he/she were a part-time candidate.

1.5 However, international students who enter Malaysia on a student visa must register as a full time
basis.

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MSc Academic Regulation

2. COURSE COMPONENT

Component/Courses Economics for Islamic Finance Credit Hours
Core Courses Corporate Finance
Islamic Jurisprudence and Law 3
1 FN5123 Islamic Law of Contracts 3
2 FN5033 Islamic Banking 3
3 FQ5103 Islamic Capital Market 3
Research Methodology in Economics and Finance 3
4 FQ5323 Strategic Planning and Decision Making 3
Action Based Learning 3
5 BK5503 3
Project Paper 3
6 FN5603
6
7 QM5333
8 AB5013 33
9 AB5023

10 GP5512

Total Credit Hours for Core Courses

General Electives Credit Hours

Elective Courses (To choose 3 courses or 9 credit hours) 3
3
1 FN5623 Islamic Portfolio Management 3
3
2 QM5304 Mathematical Methods for Economics and Finance 3
3
3 FN5083 Monetary Economics 3
3
4 QM5243 Financial Econometrics 3
3
5 TK5413 Risk Management in Islamic Financial Institutions 3
3
6 FN5053 International Finance

7 FN5103 Accounting for Islamic Financial Transitions

8 TK5403 Takaful Operations

9 QM5253 Advanced Econometrics

10 FN5093 Financial Modeling

11 FN5613 Islamic Wealth Planning Management

12 FN5073 Macroeconomics Policies and Islamic Finance

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MSc Academic Regulation

Specialisation 1
Capital Markets (to choose 3 from 4 electives)

1 FN5623 Islamic Portfolio Management 3
3
2 FN5053 International Finance 3
3
3 QM5243 Financial Econometrics
3
4 TK5413 Risk Management in Islamic Finance Institutions 3
3
Specialisation 2 3
Banking (to choose 3 from 4 electives)

1 TK5413 Risk Management in Islamic Finance Institutions

2 FN5103 Accounting for Islamic Financial Transaction

3 FN5053 International Finance

4 FN5083 Monetary Economics

3. PROPOSED STUDY PLAN

Year Semester Period Code Paper Credit Hours

Semester 1 FN5033 Corporate Finance 3
1 FN5123 3
AB5013 Economics for Islamic Finance 3
Semester 2 FQ5103 Strategic Planning and Decision 3
FN5603 Making 3
Semester 3 QM5333 Islamic Jurisprudence and Law 3
2 AB5023 3
BK5503 Islamic Capital Market 3
Semester 4 FQ5323 Research Methodology in Economics 3
and Finance 3
- Action Based Learning

Islamic Banking

Islamic Law of Contracts

Specialisation 1/Elective 1

- Specialisation 2/Elective 2 3

GP5512 Project Paper 6

- Specialisation 3/Elective 3 3
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MSc Academic Regulation

4. REGISTRATION REQUIREMENT

4.1 In any given semester, a student shall fulfil all requirements spelled out by INCEIF to maintain an
“Active Status”.

4.2 A student must register minimum credit hours as follows:

(Regular Semester - Mandatory)

Programme Mode of Study Minimum Credit Hour Maximum Credit Hour Per

Per Semester Semester

MSc-IF Full time 9 12

MSc-IF Part time 6 12

4.3 If a student opt to register for short semester, he/she can register up to maximum of 6 credit hours
4.4 If a student is not “Active” for 2 regular semesters without prior approval from SGS, he/she will be

dismissed from the programme.

5. EXEMPTION
5.1 Exemption refers to the process where students are exempted from taking INCEIF’s course provided
that the student has taken and pass a similar course in other degrees.
5.2 However, the students will be required to replace the exempted course with another course offered
in INCEIF to complete the credit hour required under the INCEIF programmes.
5.3 An RM60.00 non-refundable fee is charged for each exemption application.
5.4 An RM150.00 fee per credit is charged for each course approved.
5.5 The equivalency status of courses offered by institutions other than INCEIF shall be determined by
the SGPS. Such determination may occur prior or subsequent to completion of the course by the
student. This evaluation may be accomplished the first semester of student's enrolment at INCEIF.
5.6 Students requesting for exemptions shall complete the online Exemption application, attaching the
detailed course outline and certified transcripts in the e-university system within the add and drop
period.

6. CREDIT TRANSFER

6.1 Credit transfer refers to a process of transferring credit of courses completed and pass from other
degree into INCEIF’s degree.

6.2 Any INCEIF course which is exempted under the Credit Transfer process will not need to be replaced
with other course.

6.3 For more information on Credit Transfer please refer to School of Graduate and Professional Studies.

6.4 An RM60.00 non-refundable fee is charged for each application.

6.5 An RM500.00 fee per credit is charged for each course approved.

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MSc Academic Regulation

7. DEFERMENT
7.1 A student who intends to defer his/her study in any regular semester is required to apply and
obtain the approval from the Dean of SGPS.
7.2 All applications should be attached with supporting documents.
7.3 The Dean has full discretion to allow or reject any deferment application.
7.4 Maximum period of deferment allowed is 2 regular semesters.
7.5 Deferment period is counted as part of the study period except under the following conditions:
i. Medical grounds;
ii. Hospitalization due to critical illness/disease or injury due to personal accident;
iii. Complications due to pregnancy that may occur at any stage of the pregnancy and require the
candidates to be hospitalized; or
iv. Death of immediate family members.
v. Other reasons subject to the approval by the Dean.
7.6 Under normal circumstances, the deferment must be applied within the first two weeks of the
semester.

8. CLASS ATTENDANCE
8.1 Students are required to maintain a minimum 80% attendance in each course registered to be
eligible to sit for final examination.

9. THE GRADING SCHEME

9.1 Evaluation structure for all taught courses is typically based on coursework and a final exam.

9.2 The coursework could be a combination of, mid-terms, class participation, course projects, case
analyses, presentations etc. These may be on an individual or group basis. Components and their
weights in evaluation varies by course and instructor. Please refer to individual course outlines for
details.

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MSc Academic Regulation

9.3 The grading scheme shall be as follows:

Marks Grade Grade Point Description
85 – 100 A 4.00 -
80 – 84 A- 3.67 -
75 – 79 B+ 3.33 -
70 – 74 B 3.00 -
65 – 69 B- 2.67 -
60 – 64 C+ 2.33 -
50 – 59 C 2.00 -
40 – 49 D 1.00
0 – 39 F 0.00 Redeemable Failure
U Failed
- I - Audit
- -
- P/NP - Incomplete
- W - Pass/Fail
- EX -
CT Course Dropped/Withdrawn
Exemption

Credit Transfer

10. ACADEMIC RECORDS AND TRANSCRIPT

10.1 Academic records and transcripts (unofficial) are available for viewing using the INCEIF Learning

Management System (LMS).

10.2 Students are given a grade slip for each semester. A partial transfer may be requested if

necessary.

11. PROBATION AND DISMISSAL
11.1 In any given regular semester, a student enrolled into a programme under SGPS is considered to
have satisfactory academic standing if he/she maintains a minimum cumulative grade point
average (CGPA) of 3.00.
11.2 In any given regular semester, if a student achieves a CGPA less than 3.00, the student will be
placed under academic probation.
11.3 A student who does not maintain a CGPA of at least 3.00 for 2 consecutive regular semesters will
be dismissed from the programme.

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MSc Academic Regulation

12. REPEAT AND REPLACE

12.1 A student who is placed under academic probation is given one semester in which to raise the
CGPA to minimum of 3.00 by exercising a Repeat and Replace Policy, failing which, the student
shall be asked to leave the programme.

12.2 A student who is under academic probation must repeat and replace the courses in the following
regular semesters when the courses are offered.

12.3 If a course is repeated and replaced, the latest grade obtained by the student shall be recorded in
the student's transcript and will be counted in the calculation of the CGPA.

12.4 If a student wishes to repeat and replace a core course, he/she is restricted to repeat the same
course only. However, if the student wishes to replace an elective course, he/she may choose from
any elective course.

12.5 A student can repeat and replace any course up until the maximum of 6 credit hours equivalent
to two courses.

13. MSC-IF PROJECT PAPER

13.1 A student is advised to submit his/her proposal to the Thesis Committee one semester before
registering for the Project Paper.

13.2 The registration of 6 credit hours is compulsory to be made during the commencement of the
semester.

13.3 Research proposal is limited to a maximum of 12 pages (approximately 3000 words, double-
spaced and must contain the following:
a. What: Topic of study
b. Why: Justification/Motivation – based on literature review, what knowledge gap need to be
filled?
c. How: Methodology
d. Expected Result: Based on theory/previous studies
e. Policy Implications and/or potential application for findings

13.4 The student may approach INCEIF faculty members who are in the area of his/her research
interest. The identified faculty member(s) assume the role of advisors and should guide the
student in developing substantial research proposal.

13.5 Submission of Research Proposal):
i- Submission of 7 copies of proposal to the School of Graduate and Professional Studies. –
double sided, stapled on the top left corner. (7 working days prior to the Thesis Committee
Meeting date)

13.6 A student who are unable to complete the Project Paper and has utilized the Credit Hours must
register as continuing student in the following semester up until graduation.

13.7 Students who are unable to complete the Project Paper during the commencement of the

semester, are required to register as continuing students in the following semester.

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MSc Academic Regulation

13.8 A fee of RM1000.00 will be imposed upon the registration.
14. EXTENSION OF PERIOD OF STUDY

14.1 A student extension covers the following types:

a. Extension to complete required coursework
b. Extension due to failure in course grade
c. Extension to complete project paper
14.2 Maximum period of extension allowed are as follows:

Programme Period of Extension
MSc-IF 2 regular semesters

14.3 A student who intends to extend his/her period of study must apply to the Dean of SGPS for
approval.

14.4 The letter should be submitted at least 6 months before the end of the actual study period.
14.5 A student who has exceeded the maximum study period and granted an extension to complete

the programme requirement will be imposed a fee of RM1000 upon the registration.
14.6 SGPS has the right to reject the application and to terminate a student if he/she exceeded the

maximum study period.

15. GRADUATION
15.1 A Master of Science in Islamic Finance (By Coursework) student must complete 42 credit hours
requirement (i.e. 27 credits core courses, 6 credits of project paper and 9 credits of elective
courses) in order graduate from the Programme.
15.2 The principle of conferment of an academic award can only be conferred on a student who has
satisfied the academic requirements above to qualify for the award and all other requirements of
the INCEIF, including the discharge of any outstanding financial obligations.
15.3 A student eligible for graduation will be granted his/her scroll after the annual convocation
ceremony of INCEIF.

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Course Plan 3
3
MSc in Islamic Finance 3
Course Plan - September 2018 Semester 3
12
Semester 1
1. Corporate Finance 3
2. Economics for Islamic Finance 3
3. Strategic Planning and Decision Making 3
4. Islamic Jurisprudence and Law 3
12
Total Credit Hours Completed
Semester 2 3
3
1. Islamic Capital Market 3
2. Research Methodology in Economics and Finance 9
3. ABL Fieldwork
4. Islamic Banking 3
Total Credit Hours Completed 6
Semester 3 9
1. Islamic Law of Contracts 42
2. Specialisation 1/Elective 1
3. Specialisation 2/Elective 2
Total Credit Hours Completed
Semester 4
1. Specialisation 3/Elective 3
2. Project Paper
Total Credit Hours Completed
Total Credit Hours Completed Semester 1 to Semester 4

Master of Science in Islamic Finance (By Coursework)

International Centre for Education in Islamic Finance (INCEIF) (Company No.718736-K)

Course Plan

Component / Courses Credit Hours
Core Courses
3
1. Corporate Finance 3
2. Economics for Islamic Finance 3
3. Islamic Banking 3
4. Islamic Capital Market 3
5. Islamic Jurisprudence and Law 3
6. Islamic Law of Contracts 3
7. Research Methodology in Economics and Finance 3
8 Strategic Planning and Decision Making 3
9 ABL Fieldwork 27
Total Credit Hours for Core Courses
Project Paper 6
10. Project Paper (10,000 – 15,000 words count) 6
Total Credit Hours for Project Paper
Specialisation / General Electives (To choose 3 courses or 9 credit hours) 9
11. 3 Specialisation courses or 3 General Electives 42
Total Credit Hours for MSc in Islamic Finance (By Coursework) (27+6+9)

International Centre for Education in Islamic Finance (INCEIF) (Company No.718736-K)

Course Plan 3
3
General Electives 3
Elective Courses (To choose 3 courses or 9 credit hours) 3
3
1. Portfolio Management 3
2. Mathematical Methods for Economics and Finance 3
3. Monetary Economics 3
4. Financial Econometrics 3
5. Risk Management in Islamic Financial Institutions 3
6. International Finance 3
7. Accounting for Islamic Financial Transactions 9
8. Takaful Operations
9. Advance Econometrics 3
10. Financial Modeling 3
12. Islamic Wealth Planning Management 3
Credit hours required 3
9
Specialisation 1
Capital Markets (to choose 3 from 4 electives) 3
3
1. Islamic Portfolio Management 3
2. International Finance 3
3. Financial Econometrics 9
4. Risk Management in Islamic Financial Institutions
Total Credit Hours Required
Specialisation 2
Banking (to choose 3 from 4 electives)
1. Risk Management in Islamic Financial Institutions
2. Accounting for Islamic Financial Transaction
3. International Finance
4. Monetary Economics
Total Credit Hours Required

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Class Schedule

MSc in Islamic Finance
Class Schedule - September 2018 Semester

Time 9.30am - 12.30pm 2.00pm - 5.00pm 6.30pm - 9.30pm
Day

Monday TK5403 FN5123/FN5013
Economics for Islamic Finance/
Takaful Operations
Lecturer: Mr Ezamshah Ismail Islamic Economics
Lecturer: Prof. Dr. Abdul Hamid Aljunid
Venue: Case Study Room Venue: Great Eastern Takaful Classroom

TK5413
Risk Management for Islamic

Financial Institutions
Lecturer: Prof. Dr. Saiful Azhar Rosly

Venue: Case Study Room

BK5503
Islamic Banking
Lecturer: Dr. Adam Ng Boon Ka
Venue: Case Study Room

FN5613
Islamic Wealth Planning and

Management
Lecture: Assoc. Prof. Dr. Shaikh Hamzah

Abdul Razak
Venue: Great Eastern Takaful Classoom

Tuesday QM5304
Mathematical Methods for

Economics and Finance
Lecturer: Prof. Dr. Belal Ehsan Baaquie

Venue: CIMB Islamic Classroom

AB5013
Strategic Planning and Decision

Making
Lecturer: Assoc Prof Dr Ahmed Razman

Abdul Latiff
Venue: Computer Lab 1

International Centre for Education in Islamic Finance (INCEIF) (Company No.718736-K)

Class Schedule FN5103
Wednesday Accounting for Islamic Financial

Thursday Transactions
Lecturer: Prof. Dr. Zulkarnain
Friday
Muhammad Sori
Venue: Classroom 1 & 2

FQ5323
Islamic Law of Contracts
Lecturer: Prof. Dr. Zainal Azam Abdul

Rahman
Venue: CIMB Islamic Classroom

QM5253
Advanced Econometrics
Lecturer: Prof. Dr. Abul Mansur

Mohammed Masih
Venue: Computer Lab 1

FQ5123
Fiqh Muamalat
Lecturer: Assoc. Prof. Dr. Aishath

Muneeza
Venue: CIMB Islamic Classroom

FN5033
Corporate Finance
Lecturer: Prof. Dr. Obiyathulla Ismath

Bacha
Venue: Case Study Room

QM5333/QM5334
Research Methodology in
Economics and Finance
Lecturer: Dr. Ginanjar Dewandaru

Venue: Classroom 1 & 2

FQ5113/FQ5103
Usul Fiqh and Qawaid Fiqhiyyah/

Islamic Law & Jurisprudence
Lecturer: Assoc. Prof. Dr. Muhammad

Yusuf Saleem
Venue: Case Study Room

Saturday FN5053 QM5243
International Finance
Lecturer: Emeritus Prof. Datuk Dr. Financial Econometrics
Lecturer: Prof. Dr. Abul Mansur
Mohamed Ariff
Abdul Kareem Mohammed Masih
Venue: Case Study Room Venue: Computer Lab 1

FN5603
Islamic Capital Market
Lecturer: Assoc. Prof. Dr. Mohamed
Eskandar Shah Mohd Rasid
Venue: CIMB Islamic Classroom

Remarks: There will be no classes on Public Holiday.

International Centre for Education in Islamic Finance (INCEIF) (Company No.718736-K)





Examination Schedule

MSc in Islamic Finance
Examination Schedule - September 2018 Semester

Day Date 9.00 a.m. - 12.00 noon 2.00 p.m. - 5.00 p.m.
Week 1
Monday 10-Dec-18 FN5103 FN5603
Seminar in Finance
Tuesday 11-Dec-18 Accounting for Islamic Financial
Transactions FN5123/FN5013
Wednesday 12-Dec-18 FQ5323 Economics for Islamic Finance/

Thursday 13-Dec-18 Islamic Law of Contracts Islamic Economics
TK5413 BK5503
Monday 17-Dec-18
Risk Management for Islamic Islamic Banking
Tuesday 18-Dec-18 Financial Institutions FN5033
TK5403
Wednesday 19-Dec-18 Takaful Operations Corporate Finance
QM5333/QM5334
Thursday 20-Dec-18 QM5253 Research Methodology in
Advanced Econometrics Economics and Finance

FQ5123 FN5603
Fiqh Muamalat Islamic Capital Market

Week 2 QM5243
FQ5113/FQ5103 Financial Econometrics
Usul Fiqh and Qawaid Fiqhiyyah/
Islamic Law & Jurisprudence QM5304
Mathematical Methods for
FN5053
International Finance Economics and Finance

FN5613 FQ5123
Islamic Wealth Planning and Seminar in Syariah

Management
AB5013

Strategic Planning and Decision
Making

FQ5123
Seminar in Economics

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