The faculty was established in 2007 and was formerly known as Faculty of Business and Management Sciences. It had undergone a rebranding in 2016 and renamed as the Faculty of Islamic Economics and Finance (FIEF). The main objective of this rebranding is to enhance its credibility as a dynamic and visionary hub of Islamic finance education institution.

Vision

Strive to become a leading centre of academic excellence in the field of Islamic Economics, Finance, and Entrepreneurship.

Mission

Generate and disseminate knowledge and produce virtuous graduates that meet the needs of the market in the areas of Economy, Finance, and Entrepreneurship based on Islamic values through quality teaching and learning, latest research, credible academic staff, efficient and effective management as well as conducive environment.

Objectives

• Produce professional, competent, knowledgeable and expert scholars in their specialized areas.
• Provide dynamic, creative, skillful, disciplined human resources and effectively function as required by the state, whether in public and private sectors or entrepreneurship.
• Produce leaders who can be entrusted by the state to lead societies in accordance with Islamic principles and teachings.

ENTRY REQUIREMENTS

Applications are invited from qualified candidates for admission to the programmes offered. To be considered for admission, applicants must satisfy the general entry requirements and specific entry requirements as set for each programme.

Applicants must note that fulfilling the general entry requirements and specific entry requirements does not guarantee entry into UNISSA’s programmes as admission to all programmes is competitive and limited subject to availability of spaces.

Undergraduate Degree

General Entry Requirements

• Universiti Islam Sultan Sharif Ali reserves the right to reject applications which are incomplete, received after the closing date or containing false information.
• Only shortlisted / successful candidates will be contacted.
• Only qualifications from a University / Institution / Examination Board recognised by the University Senate will be considered.
• For entry to first degree programmes only Sijil Tinggi Pelajaran Ugama Brunei (STPUB) and Brunei-Cambridge GCE ‘A’ Level qualifications or equivalent qualifications obtained in not more than 3 sittings will be considered.
• Applicants with other equivalent qualification such as Higher National Diploma (HND) may be considered subject to fulfilling the entry requirement set by the programme they have applied for.
• General Paper and English as a Second Language will not be considered as Advanced Level subjects.
• The London GCE ‘O’ Level Malay will not be considered.
• Applicants who do not meet the normal entry requirements may be considered for admission to first degree programmes as mature applicants subject to the requirements set by the University as set out below.
• Applicants must satisfy other requirements as set by faculties in Universiti Islam Sultan Sharif Ali from time to time.
• Required to go through prescribed medical fitness examination and must be certified as fit to join the programme.
• If deemed necessary, applicants may also be required to attend an interview conducted by the relevant faculty.
• Points will be allocated to ‘A’ Level grades according to the following scheme, which is based on that used by the University Colleges Admission Services (UCAS), United Kingdom. Advanced Subsidiary (AS) Level qualifications are not awarded points in the UNISSA scheme and are not taken into account when determining acceptable qualifications for entry to UNISSA.
• Passed Primary School Religious Certificate (Sijil Sekolah-Sekolah Rendah Ugama Brunei) examination or its equivalent including Penilaian Sekolah RendahCertificate examination for applicants from Institut Tahfiz al-Qur’an Sultan Haji Hassanal Bolkiah (ITQSHHB) and Arabic Schools, or equivalent qualifications recognised by University Senate.
• Passed al-Qur’an al-Karim recitation test conducted by the University.

Undergraduate Degree

Specific Entry Requirements

English Proficiency

Applicants must have at least a credit 6 in English Language at GCE ‘O’ Level Examination or a grade ‘C’ in IGCSE English (as a Second Language) or an IELTS score of 6.0 or a TOEFL (Paper-Based Test – BPT) minimum overall score of 550 or TOEFL (Internet-Based Test – IBT) minimum overall score of 600 or equivalent.

‘A’ Level or STPUB Qualification or its equivalent

A minimum of 160 points for two (2) ‘A’ Level relevant subjects or 200 for (3) relevant subjects preferably Shariah not exceeding three (3) years of last examination with a minimum grade D;

or

Passed Sijil Tinggi Pelajaran Ugama Brunei (STPUB) examination or its equivalent with an average grade ‘Jayyid’.

Mathematics GCE ‘O’ Level or its equivalent

At least a credit 6 in Mathematics at GCE ‘O’ Level or IGCSE examination or any statistics or mathematics course passed with ‘Merit’ and above at HND level may be considered in lieu of the GCE ‘O’ Level Mathematics for those who have only acquired pass (D7 or E8).

International Baccalaureate

A minimum score of 24 points including a minimum of 5 points each in at least two relevant subjects (including mathematics) taken at higher level, or 5,4,4 for 3 relevant subjects (including mathematics) taken at higher level.

Diploma Qualification

A Higher National Diploma (HND) / Foundation Degree / Advanced Diploma Qualification or equivalent from institutions recognised by the University Senate who have obtained at least ‘Merit’ passes in 5 subjects relevant to the degree programme to which admission is being sought may be considered.

Mature Applicants

At least three (3) years of working experience in related fields with 1 ‘A’ Level or at least five (5) years with 4 ‘O’ Levels in any relevant subject.

Applicants may sit for the English Proficiency Test (EPT) and Mathematics Proficiency Test (MPT) conducted by the faculty.

Postgraduate Degree

General Entry Requirements

• Passed The Primary School Religious Certificate (Sijil Sekolah-Sekolah Rendah Ugama Brunei) examination or its equivalent.
• Applicants applying for graduate programmes must fulfil any other special requirements from the Faculty / Centre concerned and may also be required to sit for al-Qur’an al-Karim recitation test conducted by the University.
• If deemed necessary, applicants may also be required to attend an interview conducted by the relevant Faculty/ Centre.
• Application for a Degree by Research must be accompanied by a research proposal.
• Language proficiency:

Postgraduate Degree

Specific Entry Requirements

Masters Programmes:

• A relevant Bachelor Degree with Honours (CGPA at least 2.66) or its equivalent from institutions recognised by the University Senate unless otherwise stated; or
• A Bachelor Degree without Honours, provided that the applicant has three (3) years of relevant professional experience recognised by the University Senate.

Doctoral Degree Programmes:

• A relevant Master Degree or equivalent from an institution recognised by the University Senate; or
• Other qualifications equivalent to a Master Degree and relevant professional experience recognized by the University Senate; or
• Currently enrolled in a Master Programme at UNISSA and recommended by the faculty and approved by the Graduate Studies Committee (GSC) to pursue study at PhD or any other Doctoral Degree Programme with the University Senate endorsement; or
• A Bachelor Degree with First Class Honours from UNISSA or other institutions recognised by the University Senate, and meet the minimum requirements set by the faculty.

Faculty of Islamic Economics and Finance Office

Universiti Islam Sultan Sharif Ali
Spg 347, Jalan Pasar  Gadong,
BE 1310 Negara Brunei Darussalam.
Tel: +673 2462000 | Ext 801
Direct line : +673 2462234
E-Mail: fbm@unissa.edu.bn

Faculty of Islamic Economics and Finance Programme Offered:

Undergraduate Degree

B001 Bachelor of Science in Islamic Finance

B002 Bachelor of Business Management

B003 Bachelor of Islamic Economics

Postgraduate Degree

B202 Master of Islamic Banking and Finance (By Research)

B212 Master of Islamic Economics (By Research)

B301 PhD in Islamic Banking and Finance

B311 PhD in Islamic Economics

Faculty of Islamic Economics and Finance Programme Offered

Undergraduate Degree

B001 - Bachelor of Science in Islamic Finance (BScIF)

Brief Profile

This program provides a strong core curriculum providing students a strong foundation of knowledge BScIF. It is designed to provide students with a specialist knowledge set and skills that arise out of combining the sciences of conventional and Islamic Banking and Finance. It gives an in depth study of Islamic Banking and Finance both locally and globally, including Takaful, Management, Economics and contemporary issues related to Islamic Finance.

 

Duration

Full time basis : 4 years

Minimum : 4 years

Maximum : 6 years

 

Programme Structure:

 

Bachelor of Science in Islamic Finance (BScIF) 312.14 KB

Download

 Tuition Fee :

 BND12,000 per programme

 Intake

 August

B002- Bachelor of Business Management (BBM)

This program provides a strong core curriculum providing students a strong foundation of knowledge applicable to any business career. It is designed to offer a broad-based program of business and management sciences together with the necessary technical skills and Islamic values.

Duration

Full time basis : 4 years

Minimum : 4 years

Maximum : 6 years

Programme Structure

 

Bachelor of Business Management (BBM) 0.00 KB

Download

 Tuition Fee :

 BND12,000 per programme

 Intake

 August

B003- Bachelor of Islamic Economics

This program provides a strong core curriculum in providing students with a strong foundation of Islamic Economic knowledge that is applicable to produce highly trained graduates to meet the needs of the industries, the Ummah and the nation, in addition to produce knowledgeable Muslim scholars and valuable assets for survival of Islamic economic system and to contribute to the development.

Duration

Full time basis : 4 years

Minimum : 4 years

Maximum : 6 years

Programme Structure

 

Bachelor of Islamic Economics (BIE) 0.00 KB

Download

 Tuition Fee :

 BND12,000 per programme

 Intake

 August

Postgraduate Degree

The Faculty of Islamic Economics and Finance offers a full-time postgraduate programmes by research leading to the degree of Master in Islamic Banking and Finance and Islamic Economics, as well as Doctor of Philosophy (PhD) in Islamic Banking and Finance and Islamic Economics. These cutting-edge postgraduate programmes are built around a defined body of knowledge of proven relevance to the Islamic banking and finance industry and Islamic Economics, taking into account the contemporary issues that are globally discussed both on the field of academics and practicality of the theories. The core curriculum of these programs provides students with a sophisticated framework for a deeper understanding of Banking and Finance and offers them the dynamics of Islamic finance as practiced today, as well as the current issues related to Economics from the perspective of Islam. 

AREA OF RESEARCH

Islamic Finance	Islamic Economics
Islamic Banking and Takaful	Unemployment
Islamic Financial System	Poverty
Islamic Business with Muamalat	Fiqh Issues
Islamic Accounting and Auditing	Socio-Economy
Risk Management in Islamic Financial	Eco-Commerce
Islamic Microfinance	Macroeconomics
Zakat and Waqaf	Industrial Revolution 4.0
Regulatory Framework	Other Issues related to Economics
Islamic Investment and Financial Services
Islamic Capital Market
Legal Issues
Corporate Governance for Islamic Financial Institutions
Other issues related to Islamic Banking & Finance

Duration of Study

Doctoral Degree

Doctoral Degree
Full time	Minimum : 24 Months	Maximum : 60 Months
Part time	Minimum : 30 Months	Maximum : 84 Months

Master Degree by Research

Master Degree by Research
Full time	Minimum : 12 Months	Maximum : 36 Months
Part time	Minimum : 18 Months	Maximum : 48 Months

Tuition Fee

Doctoral Degree
Full time	BND $8,850
Part time	BND $10,424

Master Degree by Research
Full time	BND $5,530
Part time	BND $5,818

Intake

 August : 31 March; and

 January : 31 August