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Mu’amalat, according to Mohammad Khairi, et. al. (2011), is a plural word of muamalah, which is, in literally, originated from the Arabic verb ’amala, meaning “to interact”. This definition would expand in the plural word mu’amalat which would mean “interactions” or “transactions”. The Shari’ah law had permitted several contracts, including commercial transactions, as evidenced by the al-Qur’an, the as-Sunnah and other form of Islamic laws. Business was a part of Sunnah practiced by the beloved Last Prophet Muhammad (SAW.), and even there was several dalils mentioned in the Holy al-Qur’an and al-Hadith which mentions about business and its benefits. That is why Muslims are encouraged to involve in entrepreneurial business, since Allah also mentioned that humans were khalifahs of the Earth, which means that humans not only should become his own leader but also should administer the natural resources gifted by Allah (Muhammad Ridhwan, 2012).

Explore Expertise

Kick start your future with our programme of Faculty Muamalah & Islamic Finance, KUIPs. Enhance your knowledge and gain insights about Islamic philosophy here.

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Dr. Jamil bin Ramly Faculty Muamalah & Islamic Finance
Faculty Dean

Background Study


KUIPs has established the Faculty Muamalah & Islamic Finance for the 2013 academic session in order to widen the scope of programmes. . With the establishment, it is hoped that the Faculty Muamalah & Islamic Finance will be another channel to produce graduates who are knowledgeable, skillful and professional in the field of muamalat administration. Besides, it is also the aspiration of the University that the Faculty will uphold the principles of Islam by creating more opportunities for experts, intellects and scholars to research and investigate and eventually expand the knowledge of Islamic economy and muamalat. It provides Muslims with guidance in human relationships as well as organises the structure of Human Resource Management.
Allah said: “But seek, with the (wealth) which Allah has bestowed on thee, the Home of the Hereafter, nor forget thy portion in this world: but do thou good, as Allah has been good to thee, and seek not (occasions for) mischief in the land: for Allah loves not those who do mischief." (Al-Qasas:77).

Find a Programme Interested to find out more?

The faculty offers the following programmes for students including local and international students. Join us today and make a difference to your future.

Foundation in Muamalah

Reference Number: MQA/FA4110 (20 October 2016)
Validity Period:06 December 2018 – 05 December 2023
KPT Reference: R/343/3/0106

Diploma in Islamic Wealth Management

Reference Number: MQA/FA 13755
Validity Period:05 May 2015 – 04 May 2020
KPT Reference: R/345/4/0776

Diploma in Islamic Banking

Reference Number: MQA/FA4103 (23 Februari 2018)
Validity Period:21 February 2019 – 20 February 2024
KPT Reference: N/345/4/0776

Diploma in Mosque Management

Reference Number:
Validity Period:
KPT Reference:

Bachelor Degree in Muamalat Management with Honour (Wealth Management)

Reference Number: MQA/PA 8422
Validity Period:
KPT Reference: N/345/6/1069

Bachelor in Islamic Banking & Finance (Honours)

Reference Number:
Validity Period:
KPT Reference: