**3.1 Brief history**

International Program for Islamic Economics and Finance (IPIEF) was initiated by Dr. Mashyudi Muqorrobin and was officially launched in 2009, in collaboration with Department of Islamic Economics, Universitas Airlangga, Surabaya. IPIEF is structurally under Department of Economics, Faculty of Economics and Business, Universitas Muhammadiyah Yogyakarta. IPIEF is among the first international program for Islamic economics and finance in Indonesia. It is full time program with the length of study around 3–4 years. It provides outstanding scheme, both for theoretical and practical applications of Islamic economics, banking, and finance. The curriculum, with its emphasize on research experiences, are designed to give students the competitive edge either in academics, private market, or public sector. It offers strong traditional program in economics, banking, and finance, as well as Islamic knowledge that combines subjects to meet real world career goals. Its partners are from among the best universities in the world in which students have a great opportunity to involve in student exchange and student mobility programs. The learning environment is structured around professional study requirements and students whom graduated from IPIEF. Therefore, IPIEF's graduates are expected to have the ability to generate and apply knowledge as well as the capacity to actively engage in the community and lead towards productive lives.

#### **3.2 Vision, and mission**

IPIEF's Vision is derived from University and department's vision. IPIEF envisions towards a Reputable International Program on Economics, Banking and Finance in ASEAN. To achieve such vision, IPIEF sets four missions, as follows:



*Swot analysis and strategy.*

*Development Strategies towards a Reputable International Program: Special Focus… DOI: http://dx.doi.org/10.5772/intechopen.94322*

**Figure 7.** *Strategic pillars of IPIEF. Source: Author.*
