Islamic Finance and Artificial Intelligence for Business MSc

The course will prepare you for a future in finance, ethics, and cutting-edge technology.

It combines core knowledge of Islamic finance principles with the latest developments in artificial intelligence (AI) and their applications in business. You will be able to lead innovation and make data-driven decisions in a global business environment.

Throughout the course you will gain expertise in areas like:

• Islamic economic systems
• business ethics
• financial markets
• using AI to transform decision-making
• AI innovation
• sustainability in global business contexts

Businesses rely more and more on ethical finance and advanced technologies to address complex challenges.

This pathway equips you with these skills that are in high demand across industries.

You will learn how Islamic finance contributes to responsible and sustainable development. You will then combine that with the ethical and innovative use of AI in solving business problems.

This course positions you as a leader in a dynamic and rewarding field, allowing you to:

• shape the future of socially responsible finance
• lead innovative product development
• harness AI to drive corporate strategy and economic equality

This course is taught together with our partner institution Al-Maktoum College. You will have full access to both institutions and the resources and opportunities.

This collaboration gives your degree the depth of our traditional knowledge, and the expertise of Al-Maktoum in Islamic banking and finance and Islamic studies.

You will study a combination of four core Islamic Finance modules and three AI-focused modules.

The Islamic Finance modules provide a deep understanding of:

• Islamic moral economy
• business ethics
• Shari’ah-compliant financial instruments
• prototyping for Islamic financial products

In the AI modules you will explore:

• how generative AI can drive business analytics
• the societal impacts of AI
• its role in corporate innovation, global business strategy
• achieving the UN Sustainable Development Goals

This Master's degree is a unique mix of Islamic Finance and Artificial Intelligence. You will graduate with a stand-out qualification in a cutting edge area of industry.

You will build practical insights and theoretical foundations in both areas. You will be able to blend them together, and go on to make a meaningful impact in finance and beyond.

The course gives you a specialist understanding of the principles and practices of Islamic Finance, as well as traditional western finance, opening up global career opportunities.

Being a part of Dundee and Al-Maktoum also means you have access to twice the resources, twice the support, and twice the opportunities of a typical degree programme.

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.
• discover how the digital economy has made the world smaller, but also exposed digital divides
• learn how automation can replace manual tasks, and the risks involved in this
• explore how personalisation via online technology can tailor experiences to a small audience while the business as a whole scales globally

An optional internship is available on this programme, which gives you the opportunity to gain real world work experience while you complete the programme.

The Internship takes place over 8-weeks in the summer, and is completed abroad, or can be done online from home.

Scholarships

If you are qualify for selected University of Dundee scholarships you may also be eligible for additional Al Maktoum funding. See our Scholarship pages for details.