Salaam Gateway, in partnership with DinarStandard, has released the “Top 30 Business Schools of the Islamic Economy.” These business schools demonstrate strong leadership in developing global business leaders in the Islamic economy, based on three key pillars: curriculum depth (45%), institutional credibility (35%), and ecosystem support (20%). Business schools with the same score are ranked based on additional analysis of their curriculum and other third-party benchmark recognitions.
To read our full analysis of the Top 30 Business Schools of the Islamic Economy, click here.
| Rank | Institution Name | Sector | Country | Score |
|---|---|---|---|---|
| 1 | International Center for Education in Islamic Finance (INCEIF) |
Education
|
Malaysia | 86.0 |
| 2 | Durham University Business School |
Education
|
United Kingdom | 84.8 |
| 3 | Universiti Malaya - FBE |
Education
|
Malaysia | 78.8 |
| 4 | Universitas Indonesia - FEB |
Education
|
Indonesia | 75.3 |
| 5 | Universiti Kebangsaan Malaysia - FEM |
Education
|
Malaysia | 75.3 |
| 6 | Universiti Sains Malaysia - SOM |
Education
|
Malaysia | 75.3 |
| 7 | Universiti Utara Malaysia - IBS |
Education
|
Malaysia | 75.3 |
| 8 | University of Bahrain - CBA |
Education
|
Bahrain | 74.8 |
| 9 | Institute of Business Administration - Karachi |
Education
|
Pakistan | 69.8 |
| 10 | International Islamic University Malaysia - KENMS - IIiBF |
Education
|
Malaysia | 68.5 |
| 11 | Universiti Teknologi Mara - AAGBS |
Education
|
Malaysia | 68.3 |
| 12 | King Abdulaziz University - FEA |
Education
|
Saudi Arabia | 67.5 |
| 13 | King Fahd University of Petroleum and Minerals - KBS |
Education
|
Saudi Arabia | 64.0 |
| 14 | Gadjah Mada University - FEB |
Education
|
Indonesia | 64.0 |
| 15 | Kuwait University - CBA |
Education
|
Kuwait | 62.8 |
| 16 | University of Dundee - SB |
Education
|
United Kingdom | 60.8 |
| 17 | Universiti Brunei Darussalam - SBE |
Education
|
Brunei | 58.8 |
| 18 | University of College Bahrain - Business Faculty |
Education
|
Bahrain | 57.3 |
| 19 | University of Sarajevo - SEB |
Education
|
Bosnia-Herzegovina | 56.8 |
| 20 | Taylor's Business School |
Education
|
Malaysia | 56.3 |
| 21 | Putra Business School |
Education
|
Malaysia | 56.3 |
| 22 | Istanbul University - FBA |
Education
|
Turkey | 55.0 |
| 23 | Effat University - ECB |
Education
|
Saudi Arabia | 53.5 |
| 24 | Higher Colleges of Technology - Faculty of Business |
Education
|
UAE | 53.5 |
| 25 | Abu Dhabi University - CB |
Education
|
UAE | 52.8 |
| 26 | American University of Sharjah - SBA |
Education
|
UAE | 52.8 |
| 27 | United Arab Emirates University - CBE |
Education
|
UAE | 52.8 |
| 28 | Qatar University - CBE |
Education
|
Qatar | 50.8 |
| 29 | University of Jordan - School of Business |
Education
|
Jordan | 50.8 |
| 30 | LUMS - Suleman Dawood School of Business |
Education
|
Pakistan | 50.8 |
Methodology
The Top 30 Business Schools of the Islamic Economy were selected based on the following criteria:
Curriculum (45%)
Depth of Islamic busines/finance curriculum.
Institutional Credibility (35%)
-
QS World University Rankings by Subject 2025: Business & Management Studies
-
AACSB Accreditation (2025)
Ecosystem (20%)
-
SGIE Ranking 2024/2025
-
Strategic partnerships within the Islamic economy ecosystem
Business schools with the same score are ranked based on additional analysis of their curriculum and other third-party benchmark recognitions.
Update Note (31 Mar 2026): The IIUM entry has been revised to reflect both KENMS and IIiBF (IIUM Institute of Islamic Banking and Finance (IIiBF).
Data Sourcing
Data for the analysis and business school profiles were collected from multiple sources, including company websites, social media platforms, press releases, accreditation bodies, and third-party intelligence tools.
Comments/Questions:
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