PhD Islamic Banking and Finance

Program Introduction

Keeping in view the increasing and growing demand for the Islamic banking and finance industry, the Hasan Murad School of Management (HSM) planned to launch the first-ever program in Lahore dedicated to fulfilling the demand of this increasing trend. The growth of Islamic banking in the country has been over 30% in the last few years, which is certainly above the average global growth rate of Islamic banking and finance. If this trend continues, then one should expect that in the next three years, Islamic banking assets will at least double from their current size of Rs 926 billion.


PhD in Islamic Banking and Finance is envisioned as a pioneering educational and training program for participants to acquire both theoretical knowledge and practical skills to win a distinguished place in the emerging global market of Islamic Banking and Finance.

Aims and Objectives

PhD in Islamic Banking and Finance is aimed at providing relevant education and training in all aspects of the operation of Islamic Banking. The program's specific objectives are:

  • To provide an opportunity to graduates with relevant experience to acquire knowledge and training for a career in Islamic Banking and Finance.
  • To train executives desiring specialization in Islamic Banking and Finance in expanding banking and financial institutions.
  • To provide an opportunity for graduates in related disciplines to prepare them to enter the ever-expanding job market in Islamic Banking and Finance.

Program Details

3 Years

18 years degree or MS with a minimum Cumulative Grade Point Average (CGPA) of 3.0 out of 4 Or first division in the Annual System..

  • GAT(General) / UMT Graduate Admission Test is mandatory.
  • Interview (Panel Interview performance will play a crucial role in student selection).
  • No third division in the entire academic career.
  • Any other requirement as specified by the Department or regulatory body.
  • To apply for a doctoral program, having completed a thesis or research project is mandatory for candidates holding an MS/MPhil degree.


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