VU
Virtual University of Pakistan
Federal Government University

Associate Degree Programs (Associate Degree in Islamic Banking)

Introduction

The Associate Degree Program in Islamic Banking has been designed for candidates having 12-years education who want to be resourceful in the principles, concepts and practices of Islamic banking; who want to be conversant with essential aspects of the operations of Islamic banking which is the fast growing parallel banking system in Pakistan and worldwide; and obtain a well-integrated knowledge of Islamic banking and Islamic finance which is essential for the entry level job in Islamic banking.

Objectives

The Objectives of the Program are:

  1. To produce personnel who are resourceful in the principles, concepts and practices of Islamic banking and finance.
  2. To enable the students to be conversant with essential aspects of the operations of Islamic banking which is the fast growing parallel banking system in Pakistan and worldwide.
  3. To provide a well-integrated knowledge of Islamic banking and Islamic finance that is essential for the entry level job in Islamic banking.
  4. Skill development and capacity building in the field of Islamic banking.

Eligibility Criteria

Intermediate (equivalent to 12 years of education) with at least 45% marks.

Note:

  1. Candidates having 'A' levels are required to provide equivalence certificate from Inter Board Committee of Chairman (IBCC), Islamabad. (http://www.ibcc.edu.pk/)
  2. Candidates having 33% ~44% marks will be eligible for admission after the successful completion of “Zero  Semester”.

Assessment Criteria

The students study progress evaluation mechanism is based on continuous assessment throughout the semester by giving assignments, quizzes, Graded Discussion Boards (GDBs), mid-term and final-term examinations at VU designated campuses and usually count for 80 to 85% of the total marks for a course.

Award of Degree

To be eligible for the award of Associate Degree in Islamic Banking candidates are required to complete at least 68 credit hours course work program by attending minimum 4-semesters with at least Cumulative Grade Point Average of 2 out of 4.

Project / Internship / Practicals

Students are required to complete a Project/ Internship Report in the final semester of their BS in Management program. The choice of the final project is at the student’s discretion. However, consultation with the student advisor is compulsory. Students have to submit a detailed write-up of the Project and may be required to give a presentation.
Student taking Internship course are required to complete 6 to 8 weeks internship in the organization and shall get internship letter from the concerned organization. The students who are already in service shall be exempted from Internship but required to submit the Project.

Scheme of Study

Total Credit Hours 68
Total Semesters 4
Duration 2 Years


Associate Degree Programs (Associate Degree in Islamic Banking) Course Selection Rules
Semester No. 1
Course Code Title Type Pre Requisite Credit Hours Specialization
CS101 Introduction to Computing Required 3 (Theory:3, Practical:0)
ECO401 Economics Required 3 (Theory:3, Practical:0)
ENG101 English Comprehension Required 3 (Theory:3, Practical:0)
MTH302 Business Mathematics & Statistics Required 3 (Theory:3, Practical:0)
SOC101 Introduction to Sociology Required 3 (Theory:3, Practical:0)
ETH202 Ethics (for Non-Muslims) Elective 2 (Theory:2, Practical:0)
ISL202 Islamic Studies Elective 2 (Theory:2, Practical:0)
VU001 Introduction to e-Learning Required 1 (Theory:1, Practical:0)
 
Semester No. 2
Course Code Title Type Pre Requisite Credit Hours Specialization
ENG201 Business and Technical English Writing Required 3 (Theory:3, Practical:0)
MGT101 Financial Accounting Required 3 (Theory:3, Practical:0)
MGT211 Introduction To Business Required 3 (Theory:3, Practical:0)
MGT301 Principles of Marketing Required 3 (Theory:3, Practical:0)
MGT503 Principles of Management Required 3 (Theory:3, Practical:0)
PAK301 Pakistan Studies Required 2 (Theory:2, Practical:0)
 
Semester No. 3
Course Code Title Type Pre Requisite Credit Hours Specialization
ACC501 Business Finance Required 3 (Theory:3, Practical:0)
BNK610 Islamic Banking Practices Required 3 (Theory:3, Practical:0)
FIN624 Islamic Modes of Finance Required 3 (Theory:3, Practical:0)
MCM301 Communication skills Required 3 (Theory:3, Practical:0)
MGT501 Human Resource Management Required 3 (Theory:3, Practical:0)
PSY101 Introduction to Psychology Required 3 (Theory:3, Practical:0)
 
Semester No. 4
Course Code Title Type Pre Requisite Credit Hours Specialization
BNK611 Economic Ideology in Islam Required 3 (Theory:3, Practical:0)
BNK612 Financial Jurisprudence in Islam Required 3 (Theory:3, Practical:0)
BNK613 Islamic Ethics in Business Required 3 (Theory:3, Practical:0)
MGT411 Money & Banking Required 3 (Theory:3, Practical:0)
BNK619 Final Project-Banking Elective 3 (Theory:3, Practical:0)
BNKI619 Internship Report-Banking Elective 3 (Theory:3, Practical:0)