Based on the Decree of the President of the Republic of Indonesia Number 031 dated May 20, 2002, IAIN Syarif Hidayatullah Jakarta was 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 in conjunction with the 45th Anniversary and 9th Lustrum ceremonies and the erection of the first pillar for the construction of the Syarif Hidayatullah UIN Jakarta Campus through Islamic Development Bank (IDB) funds.
IAIN changed to UIN was also accompanied by the addition of Non-religious studies Faculties. The study programs under the conversion program are ultimately accommodated within the Faculty. Accounting and Management Study Program is accommodated in the Faculty of Economics and Social Sciences (FEIS). Developments of FEIS such as creating an International Class program (Accounting and Management) in 2004 in collaboration with International Islamic University Malaysia (IIUM) and Universiti Utara Malayasia (UUM). The collaboration is in the form of giving a double degree bachelor.
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 the Non-Regular program (Accounting, Management and IESP) in 2003. In March 2005, the Management and Accounting Study Program was accredited. Management obtained an “A” accreditation in accordance with the Decree of the National Accreditation Board for Higher Education Number 026/BAN/PT/ak-IX/S1/I/2006. While 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 established in the 2009/2010 academic year, the International Relations (IR) study program—which was originally at FEIS—was officially transferred to FISIP. As IR moved to FISIP and also for the sake of the development of the Faculty, FEIS proposed changing its name to the Faculty of Economics and Business (FEB). The name change is adjusted to academic developments, market demands and future faculty management prospects.
In 2011-2012, three study programs at FEB conducted 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 December 22, 2011—gets an “A” (361) grade which is valid until July 28, 2016.
Accounting Study Program—based on the Decree of BAN PT number 008/BAN-PT/Ak-XIV/VI/2011–gets a “B” (347) valid until June 23, 2016. Then, Economics Science Study Program got an “A” (365), valid until July 28, 2016 based on National Accreditation for Higher Education Number: 023/BAN-PT/Ak-SURV-III/S1/III/2012, dated 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 held with reference to the Regulation of the Minister of Religion Number 36 of 2009 concerning the Determination of the Field of Science and Academic Degrees in Islamic Higher Education Environments. For the first batch, FEB opened one class for both programs.