International Undergraduate Programme in Islamic Economics

Programme overview

The Faculty of Economics and Business (FEB) Universitas Airlangga offers the International Undergraduate Programme (IUP) in Islamic Economics. FEB Universitas Airlangga was founded officially in 1961 through the Minister of Higher Education and Science Decree No. 31/1961. However, its origin can be traced back to 1954. Considering its long history, the FEB at Universitas Airlangga is, therefore, one of the oldest Faculty of Economics and Business in Indonesia. Moreover, as the assurance of its high quality, it has received national and international recognition through several accreditations.

IUP in Islamic Economics programme is the pioneer of a bachelor’ degree in Islamic Economics in Indonesia. The regular programme was founded in 2007 and IUP was founded in 2019 as a response to the market demand for such a programme. The programme provides students with the knowledge and skills needed by Islamic businesses and industries and academics. It will not only bring students to a new way of life but also encourage students and graduates to join in the efforts to accelerate the implementation of Islamic principles in the national economy. The IUP in Islamic Economics is designed to produce graduates who can be a leader in Islamic business, finance, and social finance who has a deep and comprehensive understanding of the concept of Islamic Economic and a strong analytical, innovative, professional capability, and high moral. With all those qualities, it is expected graduates can empower Islamic economy in the family and society.

Programme Objectives and Desired Outcomes

The programme objectives and desired outcomes are:

  • To produce graduates who are professional, innovative, and high moral (al-akhlaq al-Karimah) and a leader who has strong integrity and high quality in Islamic Economy, business, and finance.
  • To produce graduates who can analyse Islamic economic policies, Islamic business, and finance integrally and comprehensively driven by the results of data and information analysis to yield accountable decisions.
  • To produce graduates who can manage Islamic financial institutions and other Islamic institutions according to Islamic principles and Islamic ethics.
  • To produce graduates who can study and analyse the implementation of Islamic economics in the Islamic economy, business, and finance in order to provide meaningful solutions and breaking-through ideas to society.
  • To produce graduates who have independent spirits and entrepreneurship as well as social sensitivity and great care to society.

Programme Structure

To earn Bachelor of Islamic Economics degree, students must fulfil the programme requirements. These requirements include having earned 144 credits and a minimum GPA of 2,00. The required total credits to graduate can usually be completed in seven or eight semesters (3,5 – 4 years). Upon the completion of the programme, graduates will be awarded Sarjana Ekonomi Islam (S.EI.) or equivalent to Bachelor of Islamic Economics degree.

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Majors and Minors

In the fifth to seventh semester, students can take elective courses that are in-line with their interest. The elective courses can be classified into four groups: Islamic Economics, Islamic Business and Management, Islamic Accounting, and Islamic Finance.

Unique features

The programme’s learning process applies a flipped classroom, problem-based learning, case study and project-based learning approach to enable students developing their academic and no-academic potentials. To enhance students’ global perspective in the field of Islamic economics and finance, the programme regularly invites guest lecturers from the partner universities abroad to lecture students. Besides that, to help students get a new perspective, the programme also invites practitioners from Indonesia and abroad. Students can get internships in Islamic industries either in Indonesia or other countries. Moreover, students also will get mentored by lecturers intensively to join national and international competitions as a way to enhance their soft skills. Lastly, students’ final paper (a bachelor thesis) is integrated to lecturers’ research and publication, therefore, students can experience working as a research assistant and this will help them to complete their study timely.

Career Opportunities

Graduates of IUP in Islamic Economics can work as:

  • Islamic Financing Analysts in Islamic Financial Institutions.
  • Islamic Economic Analysts.
  • Islamic Investment and Treasury.
  • Programme Development Officers in Zakat and Wakaf Institutions.
  • Startupreneur and Sociopreneurs.

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International exposures (including dual-degree options)

As like the other International Undergraduate Programmes, IUP in Islamic Economics requires students to get international exposures. This can be gotten through taking dual-degree, exchange, or outbound options to the partner universities abroad.

The Programme has student-exchange agreements with several partner universities in Malaysia Students can earn credits by taking the one to two semesters in those universities. Students who take this option must meet the requirements from the partner university to be admitted. The partner universities for these options are as follows:

Universiti Utara Malaysia Malaysia
International Islamic University Malaysia Malaysia
University of Malaya Malaysia
Universiti Sains Islam Malaysia Malaysia

Please note that the curriculum for the exchange options might be slightly different compared to the curriculum of full study in Universitas Airlangga (a single degree programme)

The International Undergraduate Programme Faculty of Economics and Business Website

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Information about course fees

Admission information & how to apply

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