Bachelor of Commerce [B.Com] (Islamic Finance)
About Bachelor of Commerce [B.Com] (Islamic Finance)
The Bachelor of Commerce (Islamic Finance) at SAFI Institute of Advanced Study (SIAS), Vazhayoor is a three-year full-time programme affiliated to the University of Calicut. It integrates standard commerce education with specialised modules in Shariah-compliant banking, takaful insurance, sukuk instruments, microfinance, and ethical investment models. Admission is through the Calicut University CAP; no entrance exam is required. Total fees are INR 60,480. An external review site ranks the BCom programme 313 in its 2026 India college rankings.
Applications for the 2026-27 batch are open; register on the Calicut University CAP portal and apply through siasindia.org.
Key Points
- Curriculum covers Shariah-compliant instruments including murabaha, ijarah, musharakah, takaful insurance, and sukuk bonds alongside standard commerce subjects.
- One of the few undergraduate B.Com programmes in India with a dedicated Islamic Finance specialisation within a formal university-affiliated degree structure.
- Strong regional and international relevance given Kerala’s Gulf connectivity and the growing Islamic finance sector across the Middle East and Southeast Asia.
SAFI Institute B.Com (Islamic Finance) Fees
| Component | Amount (INR) |
|---|---|
| Tuition Fee (per year) | INR 20,160 |
| Total Fees (3 Years) | INR 60,480 |
- Tuition fee is INR 20,160 per year, totalling INR 60,480 for the complete three-year programme.
- Additional charges such as examination fees and library fees may be levied as per SIAS and University of Calicut norms.
SAFI Institute B.Com (Islamic Finance) Admission 2026
Important Dates
| Event | Date |
|---|---|
| Calicut University CAP Registration Opens | April 2026 |
| Application Deadline (SIAS Portal) | June 2026 |
| First CAP Allotment (Merit Quota) | June 2026 |
| Document Verification and Admission | June to July 2026 |
| Classes Commence | July to August 2026 |
- All applicants must first register at the University of Calicut CAP portal (cap.uoc.ac.in) to obtain a CAP ID; direct applications without a CAP ID are not accepted for Merit Quota seats.
- 50 percent of seats are allotted by the University through CAP merit rounds; the remaining 50 percent are Management Quota seats filled by SIAS through direct selection at siasindia.org.
- Candidates are advised to verify admission dates and allotment schedules on the official University of Calicut website (uoc.ac.in) and the SIAS admission portal (siasindia.org).
The dates mentioned above are tentative and subject to change.
Eligibility Criteria
- Candidates must have passed 10+2 or an equivalent examination from a recognised board, preferably in the Commerce stream.
- A minimum aggregate of 45 percent marks in the qualifying examination is required, subject to University of Calicut and SIAS norms.
- Candidates appearing for the 10+2 examination in 2026 may apply provisionally, subject to fulfilment of the eligibility criteria before enrolment.
Admission Process
- Register on the University of Calicut CAP portal (cap.uoc.ac.in) and complete the online application form, entering 10+2 or graduation marks accurately.
- Simultaneously apply to SIAS through the official admission portal (siasindia.org), uploading all required documents.
- Submit supporting documents: 10+2 or graduation mark sheets, transfer certificate, community certificate if applicable, and passport-size photographs.
- Track the CAP allotment schedule on the University of Calicut portal; accept the allotment online and report to SIAS for document verification.
- Pay the semester fee at the SIAS accounts office to confirm the seat and obtain the admission receipt.
- Classes begin in July or August for the new academic year.
SAFI Institute B.Com (Islamic Finance) Scholarships 2026
| Scholarship | Amount | Eligibility |
|---|---|---|
| Kerala E-Grantz Scholarship | As per government norms | SC, ST, OBC, and EWS students with qualifying marks; apply through egrantz.kerala.gov.in |
| Central Sector Scholarship (NSP) | As per scheme norms | Top-performing students from non-creamy-layer backgrounds; income below prescribed limit |
| Post-Matric Scholarship (NSP) | Full to partial fee cover | SC and ST students; income-based; apply through the National Scholarship Portal |
| SIAS Merit Scholarship | Fee concession on merit | Top-ranking students in each programme; as per institutional norms |
| SAFI Foundation Need-Based Aid | Variable amount | Students from financially weaker backgrounds; apply through the SIAS welfare office |
- Government scholarships require students to register on the E-Grantz portal (egrantz.kerala.gov.in) and the National Scholarship Portal (scholarships.gov.in) within the prescribed deadlines after admission.
- SIAS institutional scholarships are awarded based on academic performance in the first semester; apply through the student welfare office at SIAS.
SAFI Institute B.Com (Islamic Finance) FAQs
Ques. What does B.Com (Islamic Finance) cover at SAFI Institute?
Ans. The programme covers core commerce subjects alongside Islamic finance modules including Shariah-compliant banking principles, takaful, sukuk, microfinance, murabaha, and ethical investment frameworks. It prepares graduates for careers in Islamic banking institutions, cooperative finance bodies, and Gulf-based financial organisations across the Middle East and Southeast Asia.
Ques. Is B.Com (Islamic Finance) limited to Muslim students?
Ans. No. The programme is open to all eligible students regardless of religion. It treats Islamic Finance as an academic discipline covering Shariah-compliant financial instruments, ethical investment models, and interest-free banking systems. These topics are academically and professionally relevant to anyone pursuing careers in global Islamic finance or ethical banking.
Ques. What career options are available after B.Com Islamic Finance?
Ans. Graduates can work in Islamic banking divisions of banks, Gulf-based financial institutions, cooperative banks, microfinance bodies, and halal finance advisory firms. Kerala’s large Gulf diaspora creates strong demand for Islamic finance professionals. Postgraduate options include M.Com, MBA Finance, and M.A. Islamic Economics at universities in India and abroad.
Ques. What is the eligibility for B.Com Islamic Finance at SIAS?
Ans. Candidates must have passed 10+2 from a recognised board, preferably in Commerce, with a minimum aggregate of 45 percent marks. Admission is merit-based through the Calicut University CAP; no entrance exam is required. Candidates register on cap.uoc.ac.in and apply through the SIAS portal at siasindia.org with required documents.
Ques. What is the total fee for B.Com Islamic Finance at SIAS?
Ans. The total tuition fee is INR 60,480 for the three-year programme, at INR 20,160 per year. Additional charges such as examination fees may apply. Eligible students can avail government scholarships including E-Grantz, Central Sector Scholarships, and Post-Matric Scholarships through the National Scholarship Portal to reduce the overall cost.
Ques. Can B.Com Islamic Finance graduates pursue postgraduate studies?
Ans. Yes. The University of Calicut-affiliated degree qualifies graduates for M.Com, MBA (Finance or Islamic Finance), and M.A. Islamic Economics programmes at universities in India, Malaysia, the UK, and Gulf countries. Graduates may also pursue professional certifications in Islamic Finance offered by AAOIFI and CIMA, enhancing employability in the global Islamic finance industry.