Islamic Finance Research about,Highlights, Entrance Exam, admission, Eligibility, Duration, Selection Criteria, How to Apply, Application Form, Application Process, fee, Syllabus,Salary and Jobs,career opportunities,Top College in india
Islamic finance is a financial system that operates within the framework of Shariah law, which prohibits interest, speculation, and uncertainty in business transactions. The principles of Islamic finance are based on the concept of risk-sharing, where profits and losses are shared among the parties involved in a transaction.
Islamic finance has gained significant attention in recent years, particularly in Muslim-majority countries and regions, and is also becoming increasingly popular in other parts of the world. As a result, there has been a growing body of research on Islamic finance.
Some of the research topics in Islamic finance include:
Shariah compliance in Islamic finance: This area of research examines the extent to which Islamic financial institutions are adhering to Shariah principles in their operations.
Risk management in Islamic finance: This research focuses on the risk management techniques used in Islamic finance, particularly in the absence of traditional interest-based financial instruments.
Islamic banking and finance: This area of research examines the performance of Islamic banks and financial institutions and compares it to conventional banking.
Islamic capital markets: This research focuses on the development of Islamic capital markets, including the issuance of Islamic bonds (sukuk) and the development of Islamic equity markets.
Islamic insurance (Takaful): This area of research examines the principles of Islamic insurance and its implementation in the insurance industry.
Microfinance in Islamic finance: This research focuses on the use of Islamic finance in microfinance and its potential for poverty alleviation.
Socially responsible investing in Islamic finance: This area of research examines the principles of socially responsible investing in Islamic finance and its potential for promoting sustainable development.
Overall, the field of Islamic finance research is a growing and dynamic area that offers a range of opportunities for scholars and practitioners interested in the intersection of finance and Shariah law.
Islamic Finance Research Highlights
Growth and Performance of Islamic Banking: A study published in the Journal of Financial Stability in 2021 found that Islamic banks have exhibited higher profitability and lower risk-taking behavior compared to conventional banks. The study also found that Islamic banks tend to be more resilient during financial crises.
Fintech in Islamic Finance: A 2020 study published in the Journal of Financial Services Research examined the potential for fintech to enhance Islamic finance. The study found that fintech has the potential to increase financial inclusion, reduce transaction costs, and enhance Shariah compliance in Islamic finance.
Shariah Governance in Islamic Finance: A study published in the Journal of Business Ethics in 2020 examined the role of Shariah governance in ensuring compliance with Shariah principles in Islamic finance. The study found that strong Shariah governance structures are critical for ensuring the integrity of Islamic finance.
Islamic Social Finance: A 2020 study published in the Journal of Business Research examined the potential for Islamic social finance to support sustainable development goals. The study found that Islamic social finance can play a critical role in addressing social and environmental challenges.
Green Sukuk: A study published in the Journal of Cleaner Production in 2021 examined the potential for green sukuk (Islamic bonds) to finance sustainable infrastructure projects. The study found that green sukuk can provide a viable financing option for sustainable development projects.
Overall, these studies highlight the potential for Islamic finance to promote sustainable and inclusive economic growth while adhering to Shariah principles.
Islamic Finance Research Eligibility:
The eligibility criteria for admission to Islamic finance research programs can vary depending on the institution and program. Generally, applicants must hold a bachelor's degree in finance, economics, accounting, or a related field. Some programs may also require applicants to have work experience in the finance industry.
Islamic Finance Research Duration:
The duration of Islamic finance research programs can vary from one to five years, depending on the level of the program and the institution.
Islamic Finance Research Selection Criteria:
The selection criteria for Islamic finance research programs can include academic performance, work experience, and research potential. Applicants may be required to submit a statement of purpose, letters of recommendation, and a research proposal.
Islamic Finance Research Entrance Exam:
Some institutions may require applicants to take an entrance exam to assess their knowledge and skills in finance and economics. The format and content of the exam can vary depending on the program and institution.
Islamic Finance Research How to Apply:
Applicants can usually apply for Islamic finance research programs online through the institution's website. The application process typically requires submitting transcripts, letters of recommendation, a statement of purpose, a research proposal, and sometimes an entrance exam score.
It is important to note that the admission requirements and process for Islamic finance research programs can vary widely, and prospective students should carefully review the program's website and application instructions for specific details.
Islamic Finance Research Application Process:
The application process for Islamic finance research programs can vary depending on the institution and program. Typically, applicants must submit an online application form along with supporting documents such as transcripts, letters of recommendation, a statement of purpose, and a research proposal. Some programs may require an entrance exam, and applicants may also be invited for an interview.
Islamic Finance Research Application Fee:
The application fee for Islamic finance research programs can vary depending on the institution and program. Some institutions may waive the application fee for certain categories of students, such as those from low-income backgrounds or international students.
Islamic Finance Research Syllabus:
The syllabus for Islamic finance research programs can vary depending on the institution and program. Typically, the program will cover topics such as Shariah principles, Islamic banking and finance, risk management, Islamic capital markets, and social finance.
Islamic Finance Research Salary and Jobs:
Graduates of Islamic finance research programs can pursue a variety of career paths in finance, academia, research, and consulting. The salary for these positions can vary widely depending on the level of education, experience, and industry. According to PayScale, the average salary for a financial analyst in Islamic finance is $64,000 per year.
Islamic Finance Research Career Opportunities:
Islamic finance research graduates can pursue careers in Islamic banks, asset management firms, consulting firms, government agencies, and academia. Some popular job titles in Islamic finance research include financial analyst, risk manager, investment banker, and research analyst.
Islamic Finance Research Top Colleges:
Some top colleges for Islamic finance research programs include INCEIF in Malaysia, Durham University in the UK, and the International Islamic University of Islamabad in Pakistan. However, it is important to note that the quality and reputation of Islamic finance research programs can vary widely, and students should carefully research and compare programs before applying.
PH.D. ADMISSION PROCEDURE
DOCUMENTS CHECKLIST
FAQs About Ph.D. Program
Q.1 - What is the procedure for Ph.D.? Admission to the University?
ANSWER: - The Ph.D. and M.Phil. programs of prestigious Universities are conducted and guided strictly as per the provisions and regulations dictated by the UGC (Minimum Standards and Procedure for Award of Ph.D./M.Phil. Degrees) (1st Amendment) Regulations, 2018 and subsequent amendments. The entire procedure for admission to the research programs encompasses a Research Entrance Exam (RET) and then an Interview/Viva Voce. The performance of a candidate in the RET is given 70% weightage, and the remaining 30% weightage is given to his/her performance at the Interview.
Q.2 - What are the modes of pursuing M.Phil. & Ph.D. programs at the University?
ANSWER: -Both the full-time and part-time modes are available at University for pursuing its Ph.D. programs and only the full-time mode is available for M.Phil. program in the desired subjects/fields. These highly-qualitative and prolific research programs are available in a rather broad range of fields/subjects. At University, the minimum time duration of the M.Phil. and Ph.D. programs is 1.5 Years and 3 Years, respectively, in general.
Q.3 - Are the Ph.D. and M.Phil. Degrees granted by any University valid abroad?
ANSWER: -Yes, of course. If the University is properly recognized under section 2(f) of the UGC Act of 1956 and is a prestigious member of the AIU (the Association of Indian Universities). It is an M.Phil. and Ph.D. degrees granted in various fields/subjects are duly valid across India and the world.
Q.4 - What are the main eligibility criteria for participating in the University Research Entrance Exam (RET)?
ANSWER: -The following are the main eligibility conditions for participating in the RET: - A rigorous Master’s Degree in the proposed subject/field obtained from any recognized university/institution located in India or abroad, with a minimum 55% marks in aggregate or an equivalent grade. Candidates belonging to SC/ST/OBC/Differently-abled categories are given a 5% relaxation in respect of this eligibility criterion. Candidates with an M.Phil. degree in the proposed field/subject, or have qualified for the UGC (JRF) Examinations/ NET/ SET/ SELT, etc., will be allowed to appear directly for the interview, without appearing in the RET. Impressive academic records, and any prior experience in research work, will be given additional advantages.
Q.5 - What relaxations are granted to the reserved categories for Ph.D.? Admission to the University?
ANSWER: - Candidates belonging to the categories of SC/ST/OBC (Non-Creamy layer)/Differently-Abled, and so on, are given all relaxations prescribed by the Govt. of India and the UGC. These relaxations are provided in form of 5% reduced marks for them at post-graduation, and also in the minimum qualifying marks at RET. Thus, candidates belonging to these categories only need to score a minimum of 45% marks at RET, to qualify for the final interview.
Q.6 - How will be the pattern of RET?
ANSWER: - The syllabus or pattern of RET consists of subject-specific matters, research methodology, and aptitude (covering logical reasoning, numerical ability, analytical reasoning, statistics, etc.).Thus, RET will contain a total of 70 multiple-choice questions (MCQs).
Q.7 - Are M.Phil. Holders/UGC- NET (including JRF)/ UGC-CSIR NET (including JRF)/ SLET/ GATE exempted from appearing at RET?
ANSWER: - Yes. The holders of M.Phil. degrees in their respective fields/subjects are made exempt from appearing in RET. The same is the situation in cases of aspiring candidates who have qualified exams like UGC-NET (including JRF)/ UGC-CSIR NET (including JRF)/ SLET/ GATE, etc.
Q.8 - How is the application fee paid?
ANSWER: - The Application Fee (i.e. the fee for getting participated in RET) can be paid online or offline, like the Application Form. Payment Modes: DD (in Favor of the University) / NEFT/ Cash Deposit.
Q.9 - Do working candidates require to obtain NOC from employers for pursuing research at any University?
ANSWER: - Yes, necessarily. Working Professionals who are interested in research at any University are required to obtain the NOC (No Objection Certificate) from their respective employers, in order to avert any intrusion ever during the entire doctoral course.
Q.10 - Does an M.Phil. holder require to undergo Ph.D. coursework?
ANSWER: - Yes. M.Phil. holders are again required to undergo the coursework in Ph.D. at some Universities. However, their prior knowledge in the field/subject will be very supportive to them for learning and performing efficiently during the Ph.D. program.
Q.11 - Can I pay the yearly program/course fee in installments?
ANSWER: - Yes, you can pay the yearly course fee as many as in two installments, but well within the yearly session.
Q.12 - Does Any University provide any scholarship or stipend to pursuing scholars?
ANSWER: - Yes, of course. Many Universities offer scholarships as well as stipends to meritorious and talented candidates who undertake research studies at the University. Scholarships are granted to those candidates who come under the top 21 by scoring higher marks in RET and interviews. And, stipends are provided to those scholars who also give lectures to UG or PG students at the University, in addition to doing their Ph.D. coursework. The amount of the monthly stipend will be commensurate with the candidate’s qualifications and capabilities and may go up to Rs. 20,000.
Q.13 - What other many facilities are provided to research scholars at the University Campus?
ANSWER: - All necessary and constructive resources, amenities, and facilities are offered by well-established and prestigious universities to research scholars in various streams/subjects. These facilities include the following - spacious and peaceful study rooms, erudite and well-experienced academicians and research experts, Wi-Fi and diverse IT devices, state-of-the-art laboratories, well-stocked libraries, lavish R&D amenities, separate amenities for lodging and foods for male and female candidates, peaceful and constructive environment within the university campus, and many other comforting and convenient facilities and services.