Online PhD in IRGD (Islamic Finance and Economics)

Charter Major: International Relations and Global Development

Sub-speciality: Islamic Finance and Economics

AT EULER | EULER-FRANEKER MEMORIAL UNIVERSITY | INSTITUTE

Program Type

Program Type: PhD

School / Institute

Faculty of Law, Economics and Global Affairs

Study Mode

Online (Asynchonous)

Duration

Target duration: 3 to 3.5 years

Tuition

USD 145 per credit hour

Scholarships

Full (officials of CW and EPS); 15% off (IGOs)

Degree Issuance

EUCLID (Euclid University) + Dual degree with EULER (post 11/2024 / AAC completion)

EULER Credits | ECTS

240 (Bachelor) + 80-120 (Master) | +240 (PhD)

EUCLID Credits | US CH

120 (Bachelor) + 40 (Master) | +55-60 (PhD)

Overview

The EUCLID online PhD in Islamic Finance and Economics is among the programs developed as part of a Joint Initiative between EUCLID (an intergovernmental treaty-based institution) and ICCI (now ICCIA, the Islamic Chamber of Commerce, Industry and Agriculture), starting 2008.

This PhD program represents a convergence of EUCLID’s expertise in global governance, international civil service, and interfaith studies. It is the only online graduate program in this important field of academic study and professional practice organized by a public intergovernmental organization and officially used by active civil servants over 4 continents. In this regards, it is an excellent choice for both Muslim and non-Muslim students alike.

Graduation at United Nations Permanent Mission

EULER Chancellor (and EUCLID SG) VIP guest at UN ECLAC

EULER Deputy Chancellor Amb George Said-Zammit

Academic Presentation

EULER's online PhD in Islamic Finance and Economics represents 90 US credits (120 ECTS) of coursework beyond the Bachelor’s. In practice, students may enter the DIFE with a relevant Master’s degree, complete 30 to 35 US credits of core doctoral courses, followed by the actual writing of the dissertation in 5 phases. The resulting thesis should be a publishable book offering a clear contribution to the field and establishing the author as a subject-matter expert.

Among the suggested areas of focus are:

Islamic Banking Sustainable development
Islamic Microfinance
Alternative Banking Models
Comparative Economics
Islamic Economics in Africa
Sustainable Financial Systems

EUCLID = ISLAMIC FINANCE IN PRACTICE

Photo above: EUCLID’s Secretary-General Syed Zahid Ali with the President of the Islamic Development Bank (2008). EUCLID became an IsDB Partner in 2014.

MORE INFORMATION:

Requirements

Applicants should have a relevant Master's degree issued by an institution listed in the UNESCO-IAU handbook/database or otherwise duly recognized/accredited. Similar or related backgrounds with adequate professional experience may be considered for Government-sponsored applicants (who are already government staff) who may be admitted without the required educational credential if their level of education and experience is deemed sufficient. EUCLID may require these participants to complete bridge courses prior to enrolling in the program. Fluency in English (spoken and written) is required and will be tested. Students are expected to be in a position to dedicate 10 to 15 effective hours of study on a weekly basis.

Basic Program Outline (Indicative)

RELEVANT COURSES
Code	Course Name	USCH
MBA-ECO	Economics Module	5
MBA-MGMT	MBA Core (MBA Essentials with Fundamentals of Management)	5
IFB-01	Introduction to Banking, International Banking and Finance	4
QFIN-401	Quantitative Finance (A)	3
ISL-01	Overview of Islam, Islamic Law (Shar'iah) and the Islamic World	4
ISL-ECO	Islamic Economics	3
ISF-440	Foundations and Principles of Islamic Finance	3
ISF-500	Advanced Studies in Islamic Finance: 1	3
ISF-550	Advanced Studies in Islamic Finance: 2	3
IFPL	Business Profit and Loss (P&L) Assessment	3
	Total Credit Hours (USCH):	39

ASSOCIATED COURSES
Code	Course Name	USCH
ACA-401D	International Academic Writing (Doctorate) View Syllabus	2
TPH-499	Argumentation and Critical Thinking View Syllabus	2
T-DTH1	Doctoral Thesis 1/5 View Syllabus	5
T-DTH2	Doctoral Thesis 2/5 View Syllabus	5
T-DTH3	Doctoral Thesis 3/5 View Syllabus	5
T-DTH4	Doctoral Thesis 4/5 View Syllabus	5
T-DTH5	Doctoral Thesis 5/5 View Syllabus	5
	Total Credit Hours (USCH):	45-55

Note: to consult the current and official curriculum/list of courses from the EUCLID CMS database, please visit: EUCLID Available Degree Programs and follow the program link.

Employment Outlook

As a high-level PhD, the EULER-EUCLID DIFE provides outstanding professional and academic preparation to its students for a successful career in Islamic finance at the international, regional, national and local levels. Outlook includes teaching positions at the university level as well as managerial positions in education, banking, and economic policy. There is also an increasing demand for experts in Islamic finance and economics in non-Muslim countries and institutions, and one does not have to be a Muslim to study Islamic finance. EUCLID alumni have been successful in securing employment and promotions in government service and international organizations, including at the level of ambassador and minister.

Why Study @ EULER

EULER’s parent institution, EUCLID is the only intergovernmental, treaty-based university with a UN-registered charter and recognized expertise in diplomacy. Join the alma mater of ambassadors and senior officials globally.

Note: if the PDF brochure is unavailable (or outdated by 2 years), please contact [email protected]

Online PhD in IRGD (Islamic Finance and Economics)