Bachelor of Science program in Financial and Actuarial Mathematics

About Program

**Establishment of the Bachelor of Science Program in Financial and Actuarial Mathematics:**

Approval was granted to launch the Bachelor of Science program in Financial and Actuarial Mathematics in the current academic year 1447 AH as one of the programs of the Mathematics Department at the College of Science, Islamic University. The program aligns with developments in the educational process and responds to community needs.

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**Program Mission:**

> *“To prepare specialists in financial and actuarial mathematics by integrating theoretical and applied education, enhancing scientific research, and actively contributing to community service through financial consultations and solutions.”*

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**Learning Outcomes:**

### Knowledge

1. Identify the fundamental concepts of financial and actuarial mathematics for analyzing financial risks.

2. Recognize financial markets, insurance mechanisms, risk management, and investment principles.

3. Describe actuarial methods and models related to financial practices and international standards.

### Skills

1. Analyze financial risks using mathematical and statistical methods.

2. Utilize advanced data analysis tools (Python, R) to solve financial problems.

3. Prepare financial and actuarial reports to support and inform financial decision-making.

4. Apply financial and statistical techniques in the fields of insurance and investment.

### Values

1. Communicate effectively with professionals in financial and actuarial fields.

2. Adhere to ethical and professional standards in data analysis and financial decision-making.

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**Graduate Attributes of the Program:**

1. Possess skills in financial data analysis and modeling to solve financial and actuarial problems.

2. Demonstrate a deep understanding of financial and actuarial theories and the principles of financial mathematics for problem-solving.

3. Ability to perform financial forecasting, analyze financial markets, and manage portfolios using sound scientific approaches.

4. Proficiency in analytical software and programming languages used in the financial business domain.


Program Description

College:
sciences
Department:
mathematics
Specialization:
Financial and actuarial mathematics
Degree:
Bachelor
Education Approach:
In Class
Education Type:
Regular
Program Description
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Credit Hours

0

Years

0

Levels

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Weeks Per Level

  1. Provide students with fundamental concepts in mathematics and statistics to support financial data analysis and the modeling of actuarial processes.
  2. Enhance opportunities for practical training and collaboration with financial institutions to ensure students gain outstanding hands-on experience.
  3. Enable students to utilize artificial intelligence and big data analytics in financial and actuarial models.
  4. Equip students with forecasting and financial planning skills through statistical models and economic principles.
  5. Instill ethical values in students within the financial and actuarial fields, with adherence to international standards in financial analysis and risk management.
  6. Prepare students to pass international professional certifications to ensure their ability to compete globally.
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