An Intergovernmental institution under
United Nations Treaty Series 49006 / 49007
An Intergovernmental institution under
United Nations Treaty Series 49006 / 49007
Fully online and asynchronous, designed for working professionals, and awarded by a university established by treaty between sovereign States.
Online (Asynchronous)
Study fully online, on your own schedule, at a university created by treaty between sovereign States and registered with the United Nations.
A university established by treaty between sovereign States
Faculty who include diplomats, scholars and senior practitioners
Rigorous academic oversight and quality assurance
A global alumni community across four continents
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.
The program is completed fully online and follows three stages.
Core coursework that builds advanced knowledge of the field, with readings, written assignments and faculty feedback.
Research preparation through academic writing, critical thinking and research methods, preparing you for independent work.
A final thesis or dissertation, an original research project completed under faculty supervision and assessed by academic examiners.
EUCLID’s Doctorate 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:
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.
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.
Course titles open the course page in the EUCLID learning platform. The roadmap is updated automatically from the university's academic records.
RELEVANT COURSES | ||
Code | Course Name | USCH |
Economics Module | 5 | |
MBA Core (MBA Essentials with Fundamentals of Management) | 5 | |
Introduction to Banking, International Banking and Finance | 4 | |
Quantitative Finance (A) | 3 | |
Overview of Islam, Islamic Law (Shar'iah) and the Islamic World | 4 | |
Islamic Economics | 3 | |
Foundations and Principles of Islamic Finance | 3 | |
Advanced Studies in Islamic Finance: 1 | 3 | |
Advanced Studies in Islamic Finance: 2 | 3 | |
Business Profit and Loss (P&L) Assessment | 3 | |
Total Credit Hours (USCH): | 39 | |
ASSOCIATED COURSES | ||
Code | Course Name | USCH |
International Academic Writing (Doctorate) | 2 | |
Argumentation and Critical Thinking | 2 | |
Doctoral Thesis 1/5 | 5 | |
Doctoral Thesis 2/5 | 5 | |
Doctoral Thesis 3/5 | 5 | |
Doctoral Thesis 4/5 | 5 | |
Doctoral Thesis 5/5 | 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.
As a high-level PhD, the 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.
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 admissions@euclid.int
EUCLID brings together a distinguished international faculty of scholars, practitioners and senior officials. Our professors combine strong academic credentials with real-world experience in international organizations, government, the professions and civil society, and many of them serve the Global South and emerging economies.
The profiles below represent a selection of our outstanding faculty. For the full faculty roster and the professors specifically assigned to this program, please visit our Faculty Profiles Directory.
Applications are reviewed in 4 to 6 business days. Questions get an answer within 2 business days.
