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, institutional credibility, and ecosystem support. Business schools with the same score are ordered based on additional analysis.
To read our full analysis of the Top 30 Business Schools of the Islamic Economy, click here.
| Rank | Company 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 |
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 | Kuwait University - CBA |
Education
|
Kuwait | 62.8 |
| 15 | University of Dundee - SB |
Education
|
United Kingdom | 60.8 |
| 16 | Universiti Brunei Darussalam - SBE |
Education
|
Brunei | 58.8 |
| 17 | University of College Bahrain |
Education
|
Bahrain | 57.3 |
| 18 | Abu Dhabi University - CB |
Education
|
UAE | 52.8 |
| 19 | Bahrain Institute of Banking and Finance |
Education
|
Bahrain | 1.0 |
| 20 | Tazkia University - FEBS |
Education
|
Indonesia | 1.0 |
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
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.
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