International Program for Islamic Economics and Finance (IPIEF) is established and conducted by the Department of Economics, University of Muhammadiyah Yogyakarta (UMY) in cooperation with the Department of Islamic Economics, University of Airlangga (UNAIR) Surabaya, and will be extended to the Department of Economics, Kulliyah of Economics and Management Sciences, International Islamic University Malaysia (KENMS IIUM).
PROGRAM DESIGN. Students are required to intensively attend the English program equivalent to Diploma-1 (D-1), in order to achieve the requirement for the viva-voce (pendadaran) with the minimum TOEFL score of 525 and for the purpose of writing manucript/thesis (skripsi), which must be completed in English. Certificate of Attendant to the D-1 Program is issued by the Language Development Center of one of the respective universities. The students are also required to stay in Rusunawa (Dormitory/University Residence), subject to the available space, located inside the campus for an intensive guidance, where the Arabic classes are also available for their additional choice.
TEACHING CAPACITY. IPIEF involves a number of staffs of education from three universities: UMY, UNAIR and IIUM, with postgraduate education background obtained from local as well as the world universities