Internationalization is unevitable in the midst of globalization. Higher education, not exception, must welcome the internationalization agenda by setting some strategic programs and approaches to internationalization. Universitas Muhammadiyah Yogyakarta is one of premier universities in Indonesia which is committed to promote internationalization agenda, shown by the setting of long term roadmap for internationalization. Technically, the internationalization process is executed by some international programs, such as International Program for Islamic Economics and Finance (IPIEF) which structurally is under department of development economics, faculty of economics and business. In consonant with internationalization, IPIEF has set a clear vision and mission which is in line with university’s road map. Practically, IPIEF has set some programs which indicate an effort to integrate between Islamic values and conventional values in its curriculum. Surely, the integration intends to cover the notion that internationalization is not merely to equip students and staffs with pragmatic-based aspect, buat also value-based aspect. A set of international instruments are developed which are divided into five separated pillars consisting with some program embedded within its respective pillars. Finally, IPIEF proposes a masterplan as a raw model consists of standardized business models, including input, process, and output, tied with solid vision and mission. In turn, internationalization agenda is expected not only as a showcase of university agenda as part of international community, but also as a tool to promote impacts in community at large.