PhD. Islamic Finance and Banking Distance Learning Mode - MEDIU AL MADINAH INT. UNI

Dear All,

I have enrolled myself into an online Doctorate Research Degree Program (on full time but distance learning basis) as I cannot travel outside my country due to family related issues. What I wanted to know are a few questions about the reputation of MEDIU (AL MADINAH INTERNATIONAL UNIVERSITY MALAYSIA) and about the usefulness of doing a PhD. ONLINE.

Is Mediu an accredited university? and if the university if accredited and recognized, so this benefit covers all of their research programs?

Can we teach or pursue an academic career after doing an online PhD.
My area of study/research is Islamic Finance which has shown lot of promise over the last few years; hence most of the students get absorbed within banks /FIS.

But just wanted to know if an online degree helps in attaining academic roles at universities? like can I work as a lecturer after doing PhD. through this distance learning route ??

thank you in advance for your feedback.

May God shower his success over each and everyone of you.

take care.

 

#1 - I guess I'm not sure why you'd enroll in a school before you knew they were any good.

#2 - I have no idea where this university is located, you have not provided a url. This is typically a USA centric board. We travel outside the USA but typically only to Anglo centric countries. Any response you get is likely to be superficial.

#3 - We are happy to help but isn't there a Ministry of Education in this country that can verify the accreditation/validy of a degree from this school?

I'm sorry to be harsh but you did no homework at all?

 

Al-Madinah International University is licensed by the Malaysian Ministry of Higher Education (MOHE), and the programs are accredited by Malaysian Qualification Agency (MQA). You cannot go wrong with the institution, when they are accredited by the Government. However, as far as the reputation goes; it is hard to determine due to the institution is relatively new since 2006. Whether the degree is useful within your country or not, you should consult with your Government's Department of Education.

 

Right - What Steve said! What TEKMAN said, too. As for me, I've been "stalking" Malaysian distance schools since around 2006.

Here's the URL if anyone wants a closer look at this school. Al-Madinah International University

Offerings of Islamic finance degrees have greatly increased outside mainly Islamic countries, as well. I'm not a Muslim, but I've been somewhat interested in this field for a while. Lately, I've seen several British universities offering Islamic Finance programs at grad and undergrad levels.

Johann

 

And -- for Kizmet and anybody else who is interested, we already have another 3-page thread on this school:

http://www.degreeinfo.com/general-distance-learning-discussions/42364-almadinah-international-university-ph-d-under-7k-3.html

 

......ouch

 

thank you sir. I visited MQA Pages online. they have not provided provisional or full accreditation to MEDIU PhD Programs. that is a cause of concern for me. But I agree with what ever you have written.

 

Here's the full brochure on the Program. I note there's a phone number. The program and its entry requirements look suitably rigorous - to this layman, anyway. :smile: Perhaps voicing your concern to someone in charge might elicit some info re: the program's accreditation status. As we've already noted, the accreditation of the University itself seems to be in good order.

http://www.mediu.edu.my/pdf2011/Br-PhD%20in%20Islamic%20Banking%20and%20Finance%20(By%20Research%20EN%20).pdf

Johann

 

thanks a lot sir ! will do ..

 

yes ! Durham, Aston and several other West Midland Universities are offering PhD Degree in Islamic Banking/Economics/Finance . Durham is undoubtedly the most popular with the rich Arab kids !

 

Well, its completely recognized in Malaysia. I can provide the relevant documentation if required. But its reputation in Malaysia is almost zero (0), no one knows about them. I visited them in January 2013 in Shah Alam, Selangor during my official visit to Malaysia; and they were much much below than my expectation. Better stay away ....

 

Group Hug!!! :smile:

 

What kind of rate can I get on a thirty year fixed through an Islamic bank? Seriously most of the rest of the world doesn't even know that Muslims are forbidden to charge or pay interest. Very interesting research material.

 

As your post indicates, you're obviously aware that Islamic finance studies include making profits through alternatives to charging interest. As Steve says, this often involves a certain amount of partnership. Sometimes it involves the lender buying an article and re-selling it to the "borrower," who later pays a higher price, in full or in interest-free installments on agreed terms. I believe this is the way banks in Islamic countries run their consumer credit-card operations.

In Islamic home-buying, from an example offered in London, England, I've seen another alternative. It's a rent-to-own system. The lender buys the house and the borrower makes a regular payment that is part rent and part principal reduction. The rental proportion decreases as payments are made and the equity portion increases.

It would be a pretty easy calculation to figure the effective "rate" if you equated it to an interest-bearing scenario.

Johann

 

this is really alarming ! like what were the glaring deficiencies? please elaborate a bit.
I know that they have only recently come up as an institution and may take time to groom. However Their new Kuwaiti financed campus looks wonderful , which is about to start operations in 2015.
Please do share your SKYPE ID so i may have a detailed discussion with you.

thank you brother