PhD in Islamic Finance and Economy

The program is built around several key “features” that serve as core learning outcomes for graduates:

• Quantitative and Qualitative Analysis: Develop a strong quantitative foundation to critically investigate and analyze the relationship between finance, economics, and Shari’a using advanced research methodologies.
• Shari’a Integration: Gain the ability to interweave Shari’a values with contemporary financial and economic theory and practice, fostering a mindset capable of innovating solutions to modern challenges.
• Social Entrepreneurship: Promote innovation and entrepreneurial creativity, specifically applying Islamic finance theories within circular economy contexts and Qatar’s specific economic landscape.
• Sustainability Expertise: Understand the role of entrepreneurs in building sustainable economies and promoting inclusive, ethical growth.
• Policy Reform: Analyze environmental, social, and governance (ESG) concerns to effectively participate in reforming global financial policies and practices.

– Applicants seeking admissions to the PhD program in Islamic Finance and Economy should have an MA, MBA, MS, LLM, or an equivalent degree from a recognized institution in any of the following areas: Islamic Finance, Islamic Economics, Finance, Economics, Accounting, Business Administration, Management, Engineering, Statistics, Mathematics, Shari’a, or Law. 

– Applicants should demonstrate strong evidence that they possess the qualities to become successful researchers and professionals. These include outstanding performance (minimum 3.0 GPA out of 4) from a recognized institution in relevant coursework as well as a proven track record of high motivation and commitment to innovative and original research. Applicants with prior research and work experience in financial services and related fields are preferred.

– IELTS: 6.5 or TOEFL: 79

First Year – First Semester

CORE101 – Applied Econometrics – 3 Credit Hours
CORE102 – Applied Topics in Usul Al Fiqh and Maqasid Al Shari’a – 3 Credit Hours

First Year – Second Semester

CORE103 – Advanced Topics in Islamic and Sustainable Economy – 3 Credit Hours
CORE104 – Advanced Topics in Islamic and Sustainable Finance – 3 Credit Hours

Second Year – First Semester

CORE105 – Advanced Research Methods – 3 Credit Hours
ELEC201 – Elective Course I (From Program Offerings) – 3 Credit Hours

Second Year – Second Semester

ELEC202 – Elective Course II (From Other HBKU Colleges PhD Courses) – 3 Credit Hours

Third Year – First Semester

DISS301 – Dissertation Research I – 10 Credit Hours

Third Year – Second Semester

DISS302 – Dissertation Research II – 10 Credit Hours

Fourth Year – First Semester

DISS401 – Dissertation Research III – 11 Credit Hours

Fourth Year – Second Semester

DISS402 – Dissertation Research IV & Defense – 11 Credit Hours