Islamic Finance MSc

This course looks at the financial system that aligns with the ethical principles of Islam. It ensures that money management and business activities adhere to sharia guidelines.

Islamic finance is based on the idea that money has no value on its own - it’s simply a tool for exchanging goods and services that do have value.

How is it different to other types of finance? In Islamic finance, money shouldn't generate more money on its own. This means earning or paying interest is generally avoided whenever possible.

Islamic financial institutions operate in over 75 countries worldwide. They have become highly influential in the global financial landscape.

This postgraduate degree is a unique collaboration between the School of Business and Al-Maktoum College, Dundee.

Together, we combine traditional Islamic knowledge with modern skills in banking, finance, and Islamic studies.

This course offers you a deep dive into the fascinating world of Islamic finance, blending its principles and practices with the foundations of traditional western finance.

Throughout the duration of this course, you will:

• develop your understanding of the application of Islamic commercial law.
• develop an understanding of the emergence and working mechanisms of Islamic capital markets
• learn to challenge the contemporary issues and debates in Islamic finance
• learn of the internationalisation strategies and strategic decisions in business
• recognise in which 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.

You’ll learn about Islamic finance and traditional western finance, giving you the skills to succeed in a growing global industry.

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

The internship will take place over eight weeks in the summer. It can be completed abroad or online from home.

If you’re interested in ethical finance or want to grow your career, this course opens doors to meaningful jobs around the world. Our master's degrees are all about helping you build the skills you need to succeed in your future career.

You’ll have access to the Centre for Entrepreneurship, where expert mentors, networking events, and start-up programmes will help you turn your ideas into reality. From shaping your concept to finding investment, you'll be supported every step of the way.

When you graduate, you won’t just have a degree - you’ll have practical skills and ongoing support you can use right away to start up your own venture, or to jump into an exciting global career.