The Faculty of Business is the successor and legitimate heir of the Faculty of Applied Business Sciences at the University of Prishtina - a faculty that was the successor of the School of Business in Peja and the Higher School of Economics founded in 1960, as an independent institution named the Higher School of Economics - Commercial in Peja. In the academic year 2001/2002, the Higher School of Economics was reformed according to the model of the Bologna Declaration and in the same year, the Senate of the University of Prishtina approved the curriculum according to this declaration for the bachelor's level. This school was renamed the School of Business, then the Faculty of Applied Business Sciences and finally, according to the decision of the UP Senate with no. ref. 3/914 dated 27.10.2010, the Faculty of Business.

The Faculty of Business of the "Haxhi Zeka" University, headquartered in Peja, is the bearer of undergraduate, master's and other studies determined by the Law on Higher Education and the Statute of the UHZ.

Regular and correspondence studies at the Faculty of Business in Peja are organized for the acquisition of Bachelor and Master academic qualifications. The Faculty of Business consists of three departments. Bachelor and Master studies are offered in all three departments.