Islamic Finance

The MSc Islamic Finance programme at Middlesex University offers a comprehensive and rigorous curriculum designed to equip students with a thorough understanding of the principles and practices of Islamic finance within a global context. This programme is ideal for individuals seeking to develop expertise in the ethical, regulatory, and financial aspects of Islamic banking and finance, providing essential knowledge for careers in financial institutions, regulatory bodies, consultancy firms, and academia. The course combines theoretical frameworks with practical applications, enabling students to analyze financial products and services compliant with Sharia law, evaluate risk management strategies, and understand the evolving landscape of Islamic finance markets worldwide. Students will explore key concepts such as the prohibition of interest (riba), risk sharing, Islamic financial contracts (murabaha, ijara, mudaraba), and the role of Islamic financial institutions. The programme also emphasizes the regulatory environment and governance issues pertinent to Islamic finance, ensuring graduates are well-prepared to address complex challenges faced by Islamic financial institutions and regulators. Delivered through a blend of lectures, seminars, case studies, and industry-focused projects, the MSc Islamic Finance aims to foster critical thinking, analytical skills, and ethical awareness. The course placements, guest lectures from industry experts, and access to extensive academic resources support students in building practical skills and professional networks. Graduates of this programme will be equipped to contribute to the development of Islamic finance strategies in various global contexts, ensuring compliance, innovation, and ethical standards are maintained. This programme is suitable for recent graduates in finance, economics, or related fields, as well as professionals seeking to specialise in Islamic finance. The MSc Islamic Finance at Middlesex University prepares students to play a pivotal role in this rapidly growing sector and supports career advancement in a dynamic and expanding industry.

Detailed Course Facts

• GBP 9000 Module (EEA)
• GBP 12000 Module (Non-EEA)

• English

Course Content

• Corporate Finance (30 Credits) - Compulsory
• Corporate Governance and Corporate Accountability (30 Credits) - Optional
• Economic and Accounting Environment (30 Credits) - Optional

English Language Requirements

IELTS band : 6.5

To study at this university, you have to speak English. We advice you to

Requirements

Work Experience

No work experience is required.

Want to improve your English level for admission?

Prepare for the program requirements with English Online by the British Council.

• ✔️ Flexible study schedule
• ✔️ Experienced teachers
• ✔️ Certificate upon completion

📘 Recommended for students with an IELTS level of 6.0 or below.

Enroll in the course

Related Scholarships*

• Academic Excellence Scholarship

  "The Academic Excellence Scholarship can provide up to a 50 % reduction in tuition per semester. These scholarships will be renewed if the student maintains superior academic performance during each semester of their 3-year Bachelor programme. The scholarship will be directly applied to the student’s tuition fees."

• Access Bursary

  Bursary for UK students all subjects where the variable tuition fee rate is payable.

• Alumni Bursary

  Alumni Bursary for UK Undergraduate students

* The scholarships shown on this page are suggestions first and foremost. They could be offered by other organisations than Middlesex University.

The MSc Islamic Finance program at Middlesex University offers students an in-depth understanding of the principles, concepts, and practices of Islamic finance. This course is designed to equip students with the knowledge and skills necessary to pursue careers in the rapidly growing Islamic finance industry, which adheres to Shariah law and Islamic ethical standards. The program covers a wide range of topics including Islamic banking, Islamic capital markets, Islamic insurance (Takaful), Sukuk (Islamic bonds), and the Islamic financial system's legal and regulatory framework. Students will explore key themes such as risk management, financial ethics, compliance, and the role of Islamic finance in the global economy.

The curriculum combines theoretical foundations with practical applications, enabling graduates to understand complex financial products and services offered by Islamic financial institutions. Throughout the course, students have opportunities to engage with industry professionals and participate in case studies, research projects, and simulations that mirror real-world challenges faced by Islamic financial entities. This enhances their problem-solving and analytical skills, making them valuable assets to potential employers.

The program is suitable for individuals aiming to work in Islamic banks, financial regulatory bodies, consultancy firms, and other institutions involved in Islamic financial services. It also caters to professionals wishing to deepen their understanding of Islamic finance principles or transition into this sector. The MSc Islamic Finance program at Middlesex University is delivered through a combination of lectures, seminars, and online learning modules, providing flexibility for students to balance their studies with professional commitments.

Graduates from this program will be able to critically assess the contemporary issues faced by the Islamic finance industry and contribute to the development of innovative Islamic financial products. They will gain the confidence to engage with stakeholders across the financial sector and contribute to promoting ethical and sustainable financial practices aligned with Islamic principles. Overall, the MSc Islamic Finance program at Middlesex University aims to prepare students for a successful career in a dynamic and expanding industry, emphasizing values of social responsibility, transparency, and ethical conduct.