POST GRADUATE DIPLOMA IN ISLAMIC BANKING AND FINANCE
Proposed intake: 30 candidates
At least 50% marks in graduation or equivalent in any subject such as B.A., B.Sc., B.Com, B.Tech, B.Th or any other equivalent degree that is considered suitable for admission in Post Graduate course by the University.
Six seats (20 per cent) are proposed to be reserved for the students coming from shariah background or madarsa education. Minimum qualification for eligibility on this count is Alim degree from a reputed seminary in India or abroad recognized by the university, besides having a graduate degree.
Admission to this course is proposed to be based on two steps. At the first step there shall be an AII- India Written Entrance Test carrying 200 marks. The test shall be taken on the pattern of the MBA admission test of the university. In the second step, candidates short listed in the written test, shall appear for a Group Discussion (GD) and personal interview carrying 25 marks. Final offer of admission shall be based on the combined merit list of fist and second steps. Obtaining minimum of 40% marks of the total marks allotted for GD and personal interview is essential.
The duration of the course shall be one year full time residential, divided into two semesters of six months each. Five compulsory papers will be taught in the first semester, whereas, the second semester will comprise of three optional papers, a dissertation and 6-8 week summer training.
The pedagogy mix and instructional system shall consist of interactive and participative lectures, sessions, case studies, term projects, seminars, presentations, field visits, library and desk research. State of the art teaching technology, teaching aids and audio¬visuals such as TV, VCR, Photo Camera, OHR, Multi-media projectors, Video Conference, Laptop; pane boards etc. shall be used for instruction purposes. There shall be compulsory summer training for a period of 6-8 weeks during the summer vacations. Students shall also be required to take up comprehensive project work leading to a dissertation.
The evaluation process is continuous. 25 percent of marks shall be allocated for sessional work adjudged on the basis of class tests, participation, project work, and home assignments. The, end-of¬-term examination shall be held after every semester carrying 75 per cent marks.
6-8 weeks summer training in a professional organisation dealing in Islamic Banking, Finance, Investments or any related area.
Thus the course shall be evaluated out of the total of 1000 marks
Compulsory courses in First Semester
1. Principles of Neo-classical Economics
2. Conventional Financial Management
3. Fundamentals of Accounting
4. Elements of Islamic Economics
5. Basics of Islamic Finance
Optional courses in Second Semester
Student shall be required to opt for any three papers out of the following:
1. Islamic Insurance (Takaful)
2. Islamic Bonds (Sukuk)
3. Islamic Asset and Fund Management
4. Islamic Micro-Finance
5. History of Islamic Banking and Finance
6. Islamic Financial Market
7. Awqaf and their Management in India
8. Islamic Jurisprudence (Fiqhul Muamlaat)
9. Islamic Finance in India
For details contact: Department of Business Administration, Aligarh Muslim University.