The Higher Education Council issued its decision No. 221, meeting No.13, held on August 6, 2009 approving the establishment of the Faculty of Business Administration to coincide with the establishment of the University. The Council also issued its decision No. 93, meeting No. 9 held on May 13, 2010 approving the following majors:
- Business Administration
- Management Information Systems
- Islamic Banking
The Faculty admitted the first group of students in the previously mentioned majors in the first semester of the academic year 2010/2011. On March 3, 2011, the Council issued its decision No. 75, meeting No. 3 approving the establishment of the following two majors :
- Financial and Banking Sciences
The Council also approved the establishment of the Master of Islamic Banking Program in its meeting No. 25, held on February 14, 2013. The University will work to fulfill the Program accreditation requirements before admitting students.
The number of students admitted to the Faculty at the end of its first year was 246. The total number of students admitted reached 898 in the first semester of the academic year 2013/2014. By the end of the Summer session 2012/2013, a total of 140 students graduated.