Change of Name of Islamic Economics Department

The Deanship of the College of Economics and Business at the Islamic University of Minnesota has announced the change of the name of the Islamic Economics Department to the "Islamic Economics and Banking Department." This decision was based on a recommendation from the College of Economics Council and followed a comprehensive review of the program's courses and curricula by the department's leadership.

In this context, the media center published an update to the electronic brochure regarding the department's literature, which included an overview of the department, its vision, mission, goals, admission requirements, responsibilities, general specifications for program graduates, the nature of the specialization, and potential job fields for graduates.

The new specialization aims to meet labor market demands, with its curriculum designed to address Islamic financial and banking needs at both local and international levels. It also considers recent developments in Islamic banking operations to achieve a balance between collecting and utilizing deposits based on market conditions.

The brochure outlines potential job opportunities for graduates, including positions in banks offering Islamic financing services, teaching Islamic education in institutes, working in insurance companies, or in economic research centers.

Additionally, the faculty of the Islamic Economics Department held a meeting chaired by Dr. Hayam Al-Zoubi, who welcomed the attendees and congratulated them on the new academic year 2025/2024. The meeting addressed the department's readiness for the new semester, teaching methodologies, the importance of adhering to the standard Arabic language, and the necessity of keeping to lecture schedules.

An agreement was reached to implement the requirements for changing the department's name and to revise the curricula starting next week through team meetings. At the end of the meeting, Dr. Hayam invited faculty members to contribute research for the second issue of the "College of Economics and Business Journal," emphasizing the importance of the proposals put forth by members.

These steps reflect the college's commitment to enhancing educational quality and meeting labor market needs, showcasing the university's dedication to developing its academic programs.