The University of Sarajevo (Bosnian: Univerzitet u Sarajevu) is the first university in Bosnia and Herzegovina, originally established in 1531 as an Islamic law college, with a modern university being established and expanded on top of that in 1949. Today, with 23 faculties and around 55,000 enrolled students, it ranks among the largest universities in the world in terms of enrollment. Since the university opened its doors, 122,000 students received bachelor's degrees, 3,891 received master's degrees and 2,284 doctorate degrees in 43 different fields. The original establishment of the University of Sarajevo dates back to the 16th century, as an Ottoman institute of higher education. It was called the Ottoman Medresa of Sarajevo and was recognized as a university in the confines of the Ottoman Empire, the Islamic world, and several European countries. It lost this status in the 19th century upon Bosnia's annexation to the Austro-Hungarian Empire, leaving Bosnia without a university until 1949, when the modern University of Sarajevo was established. It is now the largest and most prestigious university in Bosnia and Herzegovina.