MA in Islamic Banking, Finance and Management

Degree Type
Course Leader

The Islamic Banking, Finance and Management programme aims to provide students with a critical understanding of Islamic economics, banking and finance. It examines classical Islamic commercial law as well as conventional financial and economic theory, as part of the global financial system. The course will develop research capabilities and critical insights into the theory and practice of the Islamic financial sector. It contextualises Islamic principles within a contemporary financial setting.

The MA in Islamic Studies is offered on both a full-time (12 months, over three semesters) and part-time (24 months, over six semesters) basis.

Entry Requirements

Candidates will normally need to have achieved an honours degree from a UK university or an overseas university agreed by NARIC as equivalent.

Students may also enter with up to 90 level 7 credits via the accreditation of prior learning (APL).

International applicants who require a Tier 4 visa to study in the UK will need to ensure that they have an IELTS test from a UKVI approved test centre. Applicants will need to have achieved an average score of 6.5 in their IELTS test (with a minimum of 6.0 in each of the four sub-components of language learning [reading, writing, speaking and listening). For a list of UKVI approved test centres please use the following link: UKVI approved test centre

Programme Structure

  • Postgraduate Certificate: Awarded on the basis of 60 credits which must include 45 credits from core modules.
  • Postgraduate Diploma: Awarded on the basis of 120 credits, as for the MA degree but excluding the dissertation module.
  • MA Degree: 180 credits including the dissertation.

Core Modules 

Module Name

Credits

Assessments

Islamic Moral Economy

15

60% Coursework

40% Examination

Islamic Banking, Theory and Practice

15

60% Coursework

40% Examination

Islamic Financial Instruments

15

60% Coursework

40% Examination

International Management

15

100% coursework

Research Methodologies

15

100% Coursework

Dissertation (Islamic Banking, Finance and Management)

60

100% Coursework

Optional Modules

Module Name

Credits

Assessments

Regulation and Governance of Islamic Finance

 15

100% Coursework

Takaful and Retakaful: Principles and Operations

 15

60% Coursework

40% Examination

Strategy, Change and Leadership

 15

100% Coursework

Quantitative Financial Methods

 30

50% Coursework

50% Examination

Islamic Law

 30

100% Coursework

Contact Hours

For 15 credit module:

  • Scheduled: 36 hours
  • Independent:  114 hours
  • Total: 150 hours

Each taught 15 credit module will have 3 hours a week scheduled contact time for one semester (12 weeks). The modules will be delivered by blended learning, which employs multiple methods to deliver learning by combining face-to-face interactions based at the MIHE campus with online activities. Face-to-face interactions include lectures, seminars/tutorials, students presentations, and one-to-one support. In addition, students will be expected to engage in independent study to prepare for weekly classes, formative assessments, and examinations/coursework for each module.

Our staff

You are taught by a highly qualified, enthusiastic team of academics with wide-ranging research interests. Their research is used in lectures and seminars so you learn about the latest issues impacting on the subject area.

Career Paths

The MA in Islamic Banking, Finance and Management is beneficial for those who are seeking to work and advance their professional careers in the Islamic banking and finance industry. This programme provides a strong intellectual basis for Islamic commercial law and Islamic financial instruments. Those completing the course will be able to seek employment opportunities in the emerging Islamic banking and finance industry including Islamic banks, Islamic insurance (Takaful) financial regulation, Islamic capital markets, actuarial fields, and the investment arena.

How to Apply

If you wish to join the MA Islamic Banking, Finance and Management programme, please complete an online application from the website www.mihe.ac.uk, mentioning details of your academic qualifications and outlining your motivation for applying for your chosen course. At a later stage in your application you will also need to include two references, one of which should be academic.  Applications for the February intake should be received by mid-January, and for the September intake by the end of August.  If you need any further advice or assistance please email us at info@mihe.ac.uk.

Fees and Funding

The 2016-17 tuition fee for UK and EU students is £4,500/year and £7,500/year for overseas full-time students. What's included? The fee includes registration, tuition, examination/assessment marking and graduation. It excludes study materials, re-examination (re-takes), residential accommodation, meals, travel, graduation robes and photographs.

 

"This course is a source of inspiration for me. It has helped me to appreciate the synergy and differences between Islamic and conventional finance.  The modular structure of the course has enhanced my understanding in contextualising Islamic classical jurisprudence within the modern financial economy framework” (Morshed Alam, MA IBFM student)