Based on the Decree of the President of the Republic of Indonesia Number 031 dated 20 May 2002, IAIN Syarif Hidayatullah Jakarta officially changed to UIN Syarif Hidayatullah Jakarta. The inauguration was carried out by the Vice President of the Republic of Indonesia on June 8 2002 at the same time as the 45th Anniversary and 9th Lustrum ceremonies as well as the erection of the first pillar for the construction of the UIN Syarif Hidayatullah Jakarta Campus through the Islamic Development Bank. (IDB).
The change from IAIN to UIN was also accompanied by the addition of a Non-Religious Faculty. Study programs that are in the conversion program are ultimately accommodated in the Faculty environment. The Accounting and Management Study Program is accommodated in the Faculty of Economics and Social Sciences (FEIS). FEIS developments include creating an International Class (Accounting and Management) program in 2004 in collaboration with the International Islamic University Malaysia (IIUM) and Universiti Utara Malayasia (UUM). This collaboration takes the form of providing a double bachelor's degree.
In 2005, FEIS established two study programs, namely International Relations (IR) and Economics and Development Studies (IESP). The two study programs were established based on the Decree of the Minister of National Education No. 2130/D/T/2006 and Non-Regular programs (Accounting, Management and IESP) in 2003. In March 2005, the Management and Accounting Study Program was accredited. Management obtained "A" accreditation in accordance with the Decree of the National Accreditation Board for Higher Education Number 026/BAN/PT/ak-IX/S1/I/2006. Meanwhile, Accounting is accredited "B" in accordance with the Decree of the National Accreditation Board for Higher Education Number 028/BAN/PT/ak-IX/S1/I/2006.
The Faculty of Social and Political Sciences (FISIP) was founded in the 2009/2010 academic year, the International Relations (HI) study program which was originally at FEIS was officially moved to FISIP. In line with IR's move to FISIP and also for the sake of Faculty development, FEIS proposed changing the name to Faculty of Economics and Business (FEB). The name change is adjusted to academic developments, market demand and future prospects for faculty management.
In 2011-2012, three study programs at FEB underwent accreditation for the second time. As a result, the management study program—based on the Decree of the National Accreditation Board for Higher Education Number: 018//BAN-PT/Ak-SURV-III/S1/XII/2011 dated 22 December 2011—received the valid "A Grade" (361) predicate until July 28, 2016.
The Accounting Study Program—based on BAN PT Decree number 008/BAN-PT/Ak-XIV/VI/2011—received a grade of "B" (347) which is valid until June 23 2016. Then, the Economics Study Program received a grade of " A” (365), valid until July 28 2016 based on National Higher Education Accreditation Number: 023/BAN-PT/Ak-SURV-III/S1/III/2012, March 16 2016.
In 2012, FEB officially opened two new study programs, namely the Sharia Banking Study Program and the Sharia Economics Study Program based on the Decree of the Director General of Islamic Education Number 1119 of 2012. This study program was organized with reference to the Regulation of the Minister of Finance. Minister of Religion Number 36 of 2009 concerning Determination of Scientific Fields and Academic Degrees in Islamic Higher Education Environments. For the first wave, FEB opened one class for both programs.