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MSc Islamic Finance Core Modules

Islamic Banking and Finance introduces the fundamental operational mechanisms of Islamic financial institutions, the Islamic normative principles, and Shari’ah governance.

Islamic Law and Financial Transactions provides you with comprehensive and essential knowledge of the fundamental principles of Islamic finance and their articulation in financial contracts used in Islamic finance.

Islamic Political Economy offers an in-depth understanding of the Islamic economy with all its normative and theoretical aspects. It allows one to locate Islamic finance within the broader objective of Islamic economics, which is described as the well-being of all stakeholders.

Financial Management equips you with the ability to not only understand the financial information needed by management for decision-making, but also to apply this knowledge in real-world scenarios, enhancing your preparedness and competence in the field.

Fundamentals of Finance provides a comprehensive grounding in modern finance theory and the most important contemporary research, ensuring you are well informed and knowledgeable in this dynamic field.

Quantitative Methods provide you with the know-how necessary to conduct empirical research in economics or finance and understand more advanced econometric techniques.

The Dissertation on an Islamic finance topic of your choice not only develops your ability to plan and manage your own learning but also provides an opportunity to conduct an in-depth investigation at an advanced level and present your findings and conclusions. It also offers exciting international opportunities. You can apply for the international route, where you can undertake research abroad at a partner university, or develop a more applied project in conjunction with an appropriate organisation, adding a global perspective to your studies.

 

MSc Islamic Finance Elective Modules

  • Climate Finance
  • Financial Technologies
  • Islamic Capital Markets
  • Risk Management Issues in Islamic Finance
  • Private Equity and Wealth Management
  • International Study Tour

 

Learning 

Learning is delivered through lectures, some given by guest speakers, seminars, practical sessions, and extracurricular activities. Seminars involve working in a smaller group to discuss lecture topics, debate issues, and solve them. Practical work comprises medium-sized group sessions in which you can practise computer software and apply topics from lectures and seminars.


You will undertake a combination of core and optional modules which will enable you to carry out in-depth study of particular topics. You will also complete an independent 12,000-word dissertation.


Typically, you will attend 10 hours per week of lectures in term 1, nine hours per week of lectures in term 2 and undertake a one-hour seminar per module every two weeks.


Pre-sessional modules in accounting, economics, and mathematics and statistics, are offered in September and October in the form of five lectures and five seminars per module.


Assessment is rigorous and carried out through exams in January, May and June, assignments and a 12,000-word dissertation in which you carry out independent research and develop your analysis skills.


Outside of timetabled contact hours, you will be expected to undertake your own independent study in preparation for exams, seminars, assignments and other forms of assessment as well as general background reading in order to broaden your subject knowledge.