Program Overview

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This course has recently been updated. Please download the course specification for the up to date information.

The MSc Islamic Finance meets the current demand for specialist knowledge and skills in a rapidly expanding field.

The course provides you with the opportunity to explore the

philosophical foundation of Islamic finance and

the legal framework for Islamic financial institutions. It discusses the basic and advanced theories underlying Islamic financial institutions.

This course is critical in establishing the overall parameters of Islamic finance, offers a practical approach to the workings of the current Islamic financial practices in the banking industry in addition to Non-Government Organisations (NGOs). Also, this course encourages you to understand the connection between the theory of Islamic finance and the real world applications of the Islamic banking and Faith based NGOs.

You will communicate complex and abstract ideas in an articulate and confident manner, as well as learning a host of transferrable skills that will stand you in good stead for when it comes to securing employment in Islamic financial institutions, banking and NGOs.

Professional Placement option

For our MSc Islamic Finance degree, you will have the opportunity to take the Professional Placement version of the course, which is offered as an alternative to the standard version of the course.

This will allow you to complete a credit bearing, 20 week Professional Placement as an integral part of your Master’s Degree. The purpose of the Professional Placement is to improve your employability and transferable skills. The placement experience will allow you to evidence your professional skills, attitudes and behaviours at the point of entry to the postgraduate job market.

You will be responsible for finding and securing your own placement. The University, however, will draw on its extensive network of local, regional and national employers to support you in finding a suitable placement to complement your chosen area of study, with support from our Careers+ team as well as advice and guidance from your School.

Please note that placements will only be confirmed following a competitive, employer-led selection process, therefore the University will not be able to guarantee placements for students who have registered for the ‘with Professional Placement’ course.

For full details,

please click here.

This course is

open

to

International

students.

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What's covered in this course?

The course aims to develop your ability in analysing and evaluating the principal features of Islamic finance. You will study the major concepts, values, principles and rules that dictate the discipline. You will be able to link between the Islamic finance and the mainstream global financial system with analytical abilities and problem solving skills through critical and creative thinking. The topics covered include the structure of the Islamic economic & financial system and its philosophy, Islamic contracts, Islamic financial products for the Islamic Financial Institutions & Faith based NGOs, regulatory frameworks, Shariah advisory standards. You will also be able to examine the practices of Islamic finance institutions and recommend the way forward.

You will have the opportunity to select the optional modules in the area you want to explore more. The rationale for optional modules is based on our vision on supporting students be successful in career in Islamic finance. The critical analysis skills that you will develop while studying on this course will enhance your employment opportunities in the financial, banking, business and faith based NGOs sectors, as well as enabling you to acquire a strong basis for progression to doctoral studies.

The international focus of the course is derived through a variety of means including the student body, the teaching team and the use of international teaching materials. Moreover, the course also enables you to be confident in the application of industry-specific skills, for example, with the use of platforms such as DataStream, and with problem-solving approaches having been exposed to real-life scenarios through industry guest-speaker workshops.

Moreover, you’ll also have the opportunity to gain industry experience by going on a professional placement. Whatever route you choose, the knowledge attained from the course will help you to seek a variety of employment in the sector nationally and internationally.

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Why Choose Us?

Unlike other Islamic finance masters programmes offered elsewhere, our MSc Islamic Finance will have a unique focus on the humanitarian, business law, development NGOs and the wider third sector.

Teaching staff have practical experience in finance & Islamic finance and are actively involved in research in these areas.

We will prepare you for professional bodies' exams Certified Shariah Advisor and Auditor (CSAA) and Certified Islamic Professional Accountants (CIPA).

You can gain experience of working in the industry through our Professional Placement route.

MSc Islamic Finance will enable you to acquire a strong basis for progression to doctoral studies.

We will equip you for a variety of career paths in Islamic finance including regulators and practitioners in Islamic NGOs, Risk managers, Islamic bankers, Islamic accountants.

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Studying with us during the Covid-19 pandemic

The University has put in place

measures in response to Covid-19

to allow us to safely deliver our courses. Should the impact of the pandemic continue in future years, any additional or alternative arrangements put in place by the University will be in accordance with the latest government public health advice, health and safety legislation, and the terms and conditions of the

student contract

.