وَٱبْتَغِ فِيمَآ ءَاتَىٰكَ ٱللَّهُ ٱلدَّارَ ٱلْـَٔاخِرَةَ ۖ وَلَا تَنسَ نَصِيبَكَ مِنَ ٱلدُّنْيَا ۖ وَأَحْسِن كَمَآ أَحْسَنَ ٱللَّهُ إِلَيْكَ ۖ وَلَا تَبْغِ ٱلْفَسَادَ فِى ٱلْأَرْضِ ۖ إِنَّ ٱللَّهَ لَا يُحِبُّ ٱلْمُفْسِدِينَ

“And seek the riches which Allah has bestowed upon you in this world and in the Hereafter, and do not forget your share in this world; and do good as God does good to you; and do not corrupt the earth; Allah does not love those who do wrong.” – (Al-Quran, al-Qasas 28:77)

In order to achieve its goal and to broaden its scope of study, USIM has established the Faculty of Economics and Muamalat in 2001 which began its first intake of students for a new program viz Bachelor Degree of Muamalat Administration with Honours in May 2002.  It is hoped that this Faculty is another platform to produce graduates who are knowledgeable, skilled and professional in the field of Muamalat Administration.  In addition, the Faculty is also expected to be able to further develop the spirit of Islam by opening up space for researchers and educators to study, do research and disseminate knowledge related to Islamic Economics and Muamalat. The area of ​​Muamalat Administration is one of the areas enjoined in Islam since the time of Rasulullah (SAW).

In addition to providing guidance to Muslims about their relationships with fellow human beings, the field of Muamalat also serves to arrange and organize the structure and administration of human management.  The progress of a society will be measured not only in terms of its level of faith but also to its endeavours in this world.  Modern and progressive Islamic societies today, must not only have high knowledge in terms of monotheism (tauhid) and syariah but also need the knowledge of muamalat, for the sake of his well-being in this world and in the Hereafter.

Assoc. Prof. Dr.
Khairil Faizal Khairi



Assoc. Prof. Dr.
Syahidawati Hj. Shahwan

Deputy Dean
(Academic & Internationalization)

Assoc. Prof. Dr.
Muhamad Azrin Nazri

Deputy Dean
(Student Affairs & Alumni)

Assoc. Prof. Dr.
Fuadah Johari

Deputy Dean
(Research & Innovation)

Dean Message

‏اَلسَلامُ عَلَيْكُم وَرَحْمَةُ اَللهِ وَبَرَكاتُهُ‎

Alhamdulillah, in the name of Allah, the Most Beneficent, the Most Merciful. All praise is due to Allah SWT, the Almighty.
The Faculty of Economics and Muamalat (FEM), Universiti Sains Islam Malaysia (USIM) established in 2001 aims to produce knowledgeable, competent, creative and trustworthy Muslim professionals in the field of Islamic Economics and Muamalat. FEM has explored and pioneered various efforts and programs to achieve the objectives of the Faculty. For the time being, FEM offers five bachelor degree programs, five master programs (by coursework) and also master and PhD programs by research in the fields of Islamic Economics, Muamalat Administration, Accounting, Marketing, Corporate Administration, as well as Islamic Banking and Finance. 
As a Faculty that is also responsible in supporting efforts in the integration of the naqli and aqli knowledge, which is not the agenda and needs of other parties in the country and unique only to USIM, of course, a clear understanding and application in the aspect of integration of naqli and aqli knowledge is crucial to ensure the success of USIM’s vision and mission in the field of Islamic Economics and Muamalat.
In the meantime, the Faculty understands that close and good cooperation with external parties is of paramount importance to achieve all the aspirations. The Faculty provides the widest opportunities of cooperation to all external parties in the relevant industry to jointly achieve the objectives of FEM. The Faculty hopes that all parties will succeed in pursuit of this noble effort in expanding and elevating knowledge based on the integration of naqli and aqli knowledge in order to reach its peak and be able to benefit students, stakeholders, Muslim and non-Muslim communities in the country.
We welcome all of you to be part of our Faculty through various academic programs, community engagement, academic and industrial collaboration. To get to know us better, please contact us or visit our Faculty’s website.
Thank you. Wassalam.
Assoc. Prof. Dr. Khairil Faizal Khairi
Faculty of Economics and Muamalat

Universiti Sains Islam Malaysia

What it means to be FEMily

Bolster the desire to uphold knowledge and produce individuals that have undergone a strong Islamic education who are able to contribute to society, the country and the world at large.

Determined to be a Faculty that is preferred and referred to the field of Islamic Economics and Muamalat through a program of study that meets the needs of stakeholders as well as academic output that is relevant to the needs of the community.

Produce graduates with the following core qualities:

  • Knowledgeable
  • Competent
  • Creative
  • Trustworthy

Conduct research and publish academic results that have the following characteristics:

  • Relevant
  • Contribute to solving community problems
  • Improving Muslim standards and dignity
  • Conduct world-class and quality research, study and service programs to produce graduates, scholars and scientists who are balanced in knowledge, devotion to Allah SWT. and love for the country and its people;
  • Explore, develop and expand Islamic Economics and Muamalat through research, conferences and publications to pioneer and utilise knowledge for community and nation development, in line with the pure and perfect Islamic teachings;
  • Cultivate and internalise devoted, moral, ethical and responsible human values, based on pure values ​​of Islam to all its community, including students, graduates, scholars, academicians, officers and support staff, in order to contribute to the development of religion, country and society;
  • Nurture community of students and scientists for a high level of competitiveness either locally or globally, who are mutually respectful, consistent and able to be independent to produce modern and progressive Muslim individuals;
  • Establish rapport with all levels of society, industry, government, and professional bodies to foster collaboration and jointly contribute to the safety and well-being of all.

Faculty of Economics and Muamalat

Faculty of Economics and Muamalat
Universiti Sains Islam Malaysia
Bandar Baru Nilai
71800 Nilai
Negeri Sembilan Darul Khusus

P: 06-798 6305/6308