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Head of Department of Financing 

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Dr. Saad Alwabel

E-mail: finance@imamu.edu.sa​​

Introduction to the department:​

 Introduction:​

In the year 1398 AH, Imam Muhammad bin Saud Islamic University established a specialized department in Islamic economics studies in the College of Sharia. Then, in 1427 AH, the Ministry of Higher Education approved the transformation of this department into an independent college under the umbrella of the name “College of Economics and Administrative Sciences," with the establishment of two independent departments under The umbrella of the college is the Department of Banking and the Department of Finance and Investment, which aim to graduate specialized and professional people who combine basic knowledge, experience and skills in banking and financial sciences to enable them to participate and compete in the labor market. On 03/17/1445 AH, the President of the University issued a decision No. 17044 approving the comprehensive general structure of Imam Muhammad bin Saud Islamic University, which included: - Merging the Department of Banking and the Department of Finance and Investment into a department called “Department of Finance," and changing the name of the college to “College of Business."

About the Department:

The Department of Finance at the College of Business at Imam Muhammad bin Saud Islamic University is one of the scientific departments that meets the needs of financial and banking institutions and companies of all kinds. The Finance Department was established under the umbrella of the College of Business on 03/17/1445 AH based on the issuance of the decision of the University President No. 17044 dated 03/17/1445 AH approving the comprehensive general structure of the university, which included: - Merging the Banking Department and the Finance and Investment Department into a department called the “Finance Department." ", and changing the name of the college to "College of Business", noting that the Department of Banking and the Department of Finance and Investment had previously existed independently in the College of Economics and Administrative Sciences since 08/10/1427 AH. The Department of Finance aims to develop the knowledge, skills and values that qualify male and female students to practice a wide range of jobs in the field of financial and banking sciences, and to keep pace with the qualitative transformations targeted by the next stage in light of the Kingdom's Vision 2030. This is done by providing a high-quality educational, research and community environment. The Bachelor's program in Finance includes two tracks:

• Finance and Investment
• Banking

Reasons for establishing the program: (economic, social, cultural, technical, national needs and developments...etc.):

1. The significant growth in the Saudi economy, especially in the financial and banking services sector, especially after the approval of the Kingdom's Vision 2030 and the Financial Sector Development Program (one of the programs to achieve the vision)
2. The increasing need to fill jobs in the financial and banking services sector with qualified national people
3. The increasing interest of local, regional and international financial institutions in Islamic finance and banking
4. National development plans focus on developing the financial and banking sector, and diversifying financing tools that support the investment expansion plans of the government and large, medium, and small companies.

Vision, mission and objectives of the Finance Department

The Vision of the Finance Department

Leadership and excellence in teaching, learning and scientific research in financial and banking sciences, which contributes to meeting the needs of the labor market.

The Mission of the Finance Department

The Finance Department seeks to provide an attractive educational and research environment by attracting distinguished competencies in the fields of education and scientific research. They contribute to preparing distinguished people in the financial and banking sciences by offering accredited academic programs that enable them to keep pace with relevant technological developments, compete in the labor market, and contribute to community service and development. Sustainable.

The Objectives of the Finance Department

1. Preparing distinguished people with basic knowledge, skills, and a Sharia vision to work in the financial and banking sector
2. Meeting the community's needs for training and consultation in financial and banking sciences
3. Developing knowledge in financial and banking sciences.

Characteristics of Department Graduates:

1. Proficient in financial principles and familiar with its basic theories and advanced applications.
2. Proficient in the principles of supporting sciences that enable him to make financial and investment decisions.
3. Understanding the jurisprudential and regulatory controls of financial transactions.
4. Proficient in effective communication skills.
5. Familiar with technology and software in the fields of finance.
6. Familiar with contemporary financial issues locally and globally.
7. Possessing the characteristics of a good Muslim citizen and committed to work ethics.
8. Critical thinker and independent learner.

Conditions for Admission to the Department:

The college seeks to accept distinguished high school graduates, and admission requires the following conditions:

First: General conditions for admission to the university announced by the Deanship of Admission and Registration for all colleges.

Second: The college's conditions are met.

Third: Check the department's conditions:

It is possible to accept the transfer of a student from another department in the college to the finance department with specific controls, which are:

- The student must complete the joint semester courses in a minimum of (45) hours and not more than (71) hours in the three-semester system.

- The student's GPA must not be less than 3.75 out of 5.00

- The department's approval of the transfer is based on the department's capacity and the results of the interview.

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