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Aligarh Muslim University



  • To equip students with such skill and knowledge as are in demand in Islamic financial markets.
  • To add to students’ knowledge by training in modern sciences of economics, management and accounting, etc as well as in Islamic Shariah.
  • To contribute to knowledge by deeper studies into Islamic Economics and Islamic Banking in the modern globalizing world so that AMU gains an edge over other centers of study and research in this field.
  • To enable the students understand the fundamental principles underlying modern Islamic finance.
  • To equip the students to meet the strategic and regulatory challenges facing Islamic financial institutions.


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 Procedure:

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.

Course Delivery:

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.

Evaluation Process:

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.


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