The Faculty of Economics (UPPS) of UIN Maulana Malik Ibrahim Malang was established in 1997 which began with the Mu’amalah (social economics) program for the development of Islamic Economics. Mu’amalah Study Program focused on the development of the Management Study Program, based on the recommendation of the Director General of National Education Number 2486/D/T/2001 dated July 25, 2001, concerning the opening of S-1 Study Program at IAIN and STAIN in the framework of Wider Mandate within the Ministry of Religion; Decree of the Director General of Islamic Institutional Development of the Ministry of Religion of the Republic of Indonesia Number 213/E/2001 dated July 25, 2001, concerning permission to organize Management Study Program (S-1) concentration of Sharia Management at STAIN Malang. In 2002, the Economics Faculty was separated from the Faculty of Sharia. The Undergraduate Program (S-1) Management Study Program was strengthened again with the Decree of the Director General of Islamic Institutions of the Ministry of Religion of the Republic of Indonesia Number 54 / DJ / 2005 concerning permission to organize a Bachelor’s Degree/Strata One (S-1) study program at UIN Maulana Malik Ibrahim Malang, East Java.
In the academic year 2009/2010, the Faculty of Economics opened a new Study Program, namely the Accounting Study Program for the Bachelor’s degree (S-1), while the law for organizing the Study Program was based on the Decree of the Director General of Islamic Education Number: Dj.I/309/2008 for permission to open the Accounting Study Program (S-1). In 2013, the Faculty of Economics re-opened a new Study Program, namely the Sharia Banking Study Program (S-1) based on the Decree of the Director General of Islamic Education of the Ministry of Religion of the Republic of Indonesia Number: 619 and Decree of the Rector of UIN Maulana Malik Ibrahim Malang Number: Un.3/PP.00.9/2174/2013. All three Study Programs at the Faculty of Economics have been accredited, 1) Management Study Program, accredited Excellent (LAMEMBA No. 190/DE/A.5/AR.10/II/2023) valid until February 10, 2028, 2) Accounting Study Program, accredited A (BAN-PT No. 2685/SK/BAN-PT/Akred/S/IX/2018) valid until September 25, 2023, and 3)Sharia Banking Study Program, accredited A (BAN-PT No. 8508/SK/BAN-PT/Akred/S/XII/2020) valid until December 22, 2025.
The vision, mission, goals, objectives, and strategies of the Faculty of Economics and Accounting Study Program have been formulated and compiled concerning the vision, mission, goals, objectives, and achievement strategies of UIN Maulana Malik Ibrahim Malang. The integrative and internationalization vision of the Accounting Study Program refers to the UPPS Vision and the Vision of UIN Maulana Malik Ibrahim Malang. The vision includes outputs (graduates), lecturers, and institutions (reputation), the scope of the area, and when the vision is to be achieved. The meaning of the “Integrative in combining science and Islam” vision is also relevant to the pillars of UIN Maulana Malik Ibrahim Malang, “Ulul Albab,” which has four pillars (spiritual depth, moral majesty, breadth of knowledge, and professional maturity). Determining the achievement phase (milestone) in the stages of achievement in the 5-year strategic plan (Renstra) is an evaluation or benchmark for achieving the vision in the future. The derivative form of UPPS’s vision towards the scientific vision is realizing an integrative Accounting Study Program that combines science and Islam with an international reputation. One of the achievements in the framework of UPPS internationalization, namely the Management Study Program at UPPS, has been certified by AUN-QA (ASEAN University Network-Quality Assurance), and the Accounting Study Program is in the process of FIBAA accreditation (Foundation for International Business Administration Accreditation).