The Bachelor of Science in Financial Mathematics and Actuarial Science study plan at Islamic University of Madinah is an accredited bachelor programme spanning about 5 years (9 academic levels), requiring 138 credit hours across 53 courses of required and elective study. The table below lists the courses and their credit hours for each level.
Level 1 (First Semester)17 credits
Code
Course
Credits
MKR 3100
Actuarial Professional Ethics
2
CIT 3120
Computing and Information Technology
2
MATH 3130
Algebra and Geometry
3
MATH 3111
Calculus I
3
CHEM 3111
General Chemistry I
4
ELAN 3111
English Language I
3
Level 2 (Second Semester)16 credits
Code
Course
Credits
ELAN 3112
English Language II
3
PHYS 3111
General Physics I
4
STAT 3111
General Statistics
3
MATH 3112
Calculus II
3
MNGT 3111
Entrepreneurship
1
QRA 3009
Noble Quran I
1
CCS 3054
Artificial Intelligence Applications
1
Level 3 (Third Semester)18 credits
Code
Course
Credits
MKR 3201
Introduction to Actuarial Mathematics
3
ECON 3201
Principles of Microeconomics
3
MKR 3203
Accounting Principles
3
QRA 3010
Noble Quran II
1
MATH 3231
Linear Algebra
3
BIO 3141
General Biology
4
ELAN 3213
Academic English
1
Level 4 (Fourth Semester)18 credits
Code
Course
Credits
QRA 3011
Noble Quran III
1
MATH 3213
Calculus III
3
ECON 3204
Principles of Macroeconomics
3
STAT 3212
Statistical Methods
3
TRKH 3008
History of the Kingdom
2
STAT 3211
Probability and Stochastic Models
3
MKR 3204
Financial Mathematics
3
Level 5 (Fifth Semester)16 credits
Code
Course
Credits
MKR 3306
Actuarial Models (1)
3
MKR 3307
Insurance and Risk Management
3
STAT 3313
Statistical Computations
3
CS 3073
Programming Language
3
LIT 3003
Arabic Language Skills
2
ICUL 3001
Islamic Values
2
Level 6 (Sixth Semester)16 credits
Code
Course
Credits
MKR 3308
Financial Data Analysis
3
MKR 3309
Interest and Depreciation Accounting
3
MKR 3310
Economics of Insurance and Investment
3
MKR 3XXX
MFAC Elective
3
SNH 3020
Sunnah and Sirah
2
JUR 3010
Fiqh
2
Summer Semester6 credits
Code
Course
Credits
MKR 3330
Field Training
6
Level 7 (Seventh Semester)15 credits
Code
Course
Credits
MKR 3311
Financial Risk Modeling
3
MKR 3312
Financial Markets and Derivatives
3
MKR 3313
Models of Financial Economics
3
MKR 3XXX
MFAC Elective
3
QRA 3012
Noble Quran IV
1
MKR 3325
Financial Mathematics Laboratory
1
MKR 3326
Actuarial Mathematics Laboratory
1
Level 8 (Eighth Semester)16 credits
Code
Course
Credits
MKR 3314
Risk and Reliability Theory
3
MKR 3321
Graduation Project
3
SCI 3012
Leadership and Creativity
1
MATH 3XXX
MATH Elective
3
MATH 3XXX
MATH Elective
3
CRED 3006
Aqidah
3
This plan is transcribed from the university's official source. Always confirm the plan approved for your own cohort before registering.
Official source
Frequently asked questions about Bachelor of Science in Financial Mathematics and Actuarial Science
How many credit hours is Bachelor of Science in Financial Mathematics and Actuarial Science at Islamic University of Madinah?
Bachelor of Science in Financial Mathematics and Actuarial Science at Islamic University of Madinah requires completing 138 credit hours to graduate, spread across 53 courses.
How many years is Bachelor of Science in Financial Mathematics and Actuarial Science at Islamic University of Madinah?
The study plan for Bachelor of Science in Financial Mathematics and Actuarial Science spans about 5 years (9 levels/semesters) under the approved plan.
What degree does Bachelor of Science in Financial Mathematics and Actuarial Science award?
Bachelor of Science in Financial Mathematics and Actuarial Science at Islamic University of Madinah awards a Bachelor's degree after completing 138 credit hours.