Islamic Banking, Finance and International Business MSc

Islamic Finance looks at the processes of managing money and doing business in a way that fits with the moral principles of Islam. This is also known as being Shari'ah-compliant. Islamic financial institutions operate in over 75 countries worldwide. They have become highly influential in the global financial landscape.

Banking is an industry that handles cash, credit, and other financial transactions for individual consumers and businesses alike. An understanding of this is key when conducting international business.

One degree, two institutions. This course is delivered together with our partner institution Al-Maktoum College. This collaboration gives your degree the depth of our traditional knowledge, and the expertise of Al-Maktoum in Islamic banking and finance and wider Islamic studies.

This degree is taught in collaboration with our colleagues at Dundee's Al-Maktoum College. We have a strong history and expertise of teaching traditional finance and economics and we will draw upon the expertise in Islamic finance and wider Islamic studies on offer at Al-Maktoum. Few degrees of this kind exist in the UK.

You will develop your understanding of the application of Islamic commercial law in relation to Islamic financial institutions and financial products, as well as the emergence and working mechanisms of Islamic capital markets.

Throughout the duration of this course, you will:

• develop your understanding of the application of Islamic commercial law. This will be in relation to Islamic financial institutions and financial products. You will also develop an understanding of the emergence and working mechanisms of Islamic capital markets.
• cover the operations of Islamic banks and Islamic financial markets. You will also cover the nature of risk and its management in Islamic financial institutions
• learn to challenge the contemporary issues and debates in Islamic finance. Through this, you will learn of the internationalisation strategies and strategic decisions in business.
• learn in what ways Islamic finance is different to other kinds of finance 
• learn about the operations of Islamic banks and Islamic financial markets
• understand the nature of risk and its management in Islamic financial institutions
• gain an understanding of the internationalisation strategies and strategic decisions in business

Throughout the course, you'll also develop your broader skills in wider international business.

Scholarships

If you are successful in securing one of the University’s £5000 scholarships (Regional Scholarship, Global Excellence or Global Citizenship) you will automatically receive the Al Maktoum living scholarship, a further £5000 paid to you in 10x£500 monthly instalments. Find out if you are eligible