The Finance and Banking major was established in September (1999), the goal of the Finance and Banking major is to provide students with a wide, developed, and modern area of knowledge and information in the fields of finance, banking, and computer skills so that the graduate is qualified and competent to work in multiple financial institutions and other regional and international financial organizations and bodies.

The department teaches students Finance and banking Sciences for The Bachelor's degree, in addition, the department teaches subjects of Finance and banking Sciences to students of other departments in the college and the University. The Department of Finance and Banking Sciences also serves the local community by providing training programs for bankers, other financiers, and members of the local community.