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Professional Diploma in Islamic Banking & Finance

Professional Diploma in Islamic Banking & Finance

Different course options

Study mode

Full time


12 months

Start date


Key information

Qualification type

Professional Diploma

Subject areas

International Banking Finance / Accounting (General)

Course type


Course Summary


The core taught modules provide an in-depth analysis of the core issues and debates surrounding Islamic banking and finance.

The optional (elective) units enable students to develop in-depth knowledge and understanding in areas of their interest. Elective units will be offered on student preference and viability of group size. This will be made clear to applicants on the programme. The project report provides an opportunity for an in-depth exploration of a specific issue related to specific financial project.

Course Level

This programme is approved and credit-rated by the Scottish Qualifications Authority (SQA). It is available on a full-time or part-time basis.

The Professional Diploma is awarded at SCQF level 11.

Course Information

The programme will improve students understanding of key Islamic economics, finance and banking concepts and practices. Students will learn of the complex structures and principles behind Islamic Banking and in doing so, will gain the necessary skills to engage in practical application. The programme will encourage students to evaluate the origin, concepts, and aims of Islamic economic in the micro and macro level and consider how it can be applied in practice.

Programme Aims

  • To provide opportunity for students to acquire critical knowledge and training in Islamic economics, finance and banking.
  • To train employers/executives in banking, insurance and commercial sectors who desire to specialise in Islamic economics, finance and banking with an opportunity to explore Arabic language (with specific focus) or Islamic Study, in order to assist in expanding the banking and finance industry.
  • To provide opportunity for fresh graduates in related disciplines to pursue a Postgraduate Diploma in Islamic Banking & Finance in order to prepare them to have strong capabilities in Islamic finance with possible knowledge in Arabic or Islamic Study, to enter into the job market in banking and finance.


The Professional Diploma is beneficial for those who are seeking to work and advance their professional careers in the Islamic economics, banking and finance industry.

This programme provides a strong intellectual basis for Islamic economics, commercial law and Islamic financial instruments. Those completing the course will be able to seek employment opportunities or further enhance their skills if they are already employed in the finance and banking sectors including Islamic insurance (Takaful), financial regulation, Islamic capital markets, actuarial fields, and the investment arena, as well as for becoming researchers in the field.


This unit develops a critical understanding of the origin and evolution, concepts and aims of the Islamic moral economy at micro and macro levels, including Islamic finance as practical tool of Islamic economics. The unit covers a number of themes including: an overview of the foundation of Islamic moral economy and economic analysis of the prevailing theories, Islamic macroeconomic theories and the major structural themes of Islamic economics related to the voluntary sector, prohibitive elements in market transactions, and appraisal of the factors of production from an Islamic perspective.

Tuition fees

UK fees
Course fees for UK students

For this course (per year)


Average for all Postgrad courses (per year)


International fees
Course fees for non-UK/ international students

For this course (per year)


Average for all Postgrad courses (per year)


Entry requirements

An honours degree from a UK university, or equivalent. In addition, professional experience will be also recognised for enrolment in the course. Work experience - Not required, however professional experience will be recognised for enrolment in the course.