Islamic Finance - Incief - Course Guide

        An opportunity to further my study in postgraduate level is something that I am grateful for and thoroughly thrilled at the same time as is opens a new frontier for me to secure a promising future. A new challenge will always be a channel for us to redefine our limit. With the current new environment and culture at INCIEF, I would have to push myself to a new level in order to be on par with the standard and expectation from INCEIF. Therefore a financial assistance will help me a lot in completing my study in Islamic Finance.  Having learning the financial assistance offered by Khazanah, the de facto financial organisation in Malaysia, I know that this is an opportunity of a life time that I cannot miss.

        INCIEF is well known for its reputation in providing the best training in Islamic banking and finance around the world. INCEIF build their syllabus with the view of equipping the students with the knowledge of both conventional and Shariah finance. As for the course that I am currently enrolled in; Master of Science in Islamic Finance, it focuses on the key element of Islamic finance which is Islamic economics, Islamic finance and Sharia both in theory and application. The program seek to enrich the student with a thorough understanding on economic, financial and legal matters which revolves around where Islamic financial services operate, which is what I hope to achieved.

        Malaysia is one of the countries that are pioneering in Islamic finance. In the 90’s, Malaysia foresee that Islamic finance is a highly potential field that will grow and we were right as it is still growing until today. With the introduction of Islamic Banking as one of the pillar of Financial Sector Master Plan by BNM, it shows the commitment of Malaysia in mapping the nation as one of the major Islamic Finance hub in the world. With this tremendous effort, I believe that equipping myself with the knowledge and skill in the related field will give a certain edge as I will be able to contribute to the growth and development of the said field.  I verily hope that I can give back to the nation by becoming one of the forces that will develop Islamic finance further both in Malaysia and the globe.

        In INCEIF, research for coursework postgraduate programme is optional. However should I choose to carry a research, my area on interest will be on solving current economic problems through Islamic financial instruments. The financial instruments used in this research would be sukuk, zakat, ethical investment and maybe the recently developed module of waqf instrument. Using quantitative approach, with economic module as a dependent variable which the problems resolve within it, the first independent variable would be the effect of the instruments towards the economy followed by on what degree the instruments affect the economy and last but not least on how effective is the instruments towards the economy. My research would measure how these instruments would help in solving current economy problems in Malaysia and hoping to find a fine solution towards the problem based on the results.