Islamic Banking and Finance MSc

This degree programme provides the opportunity to follow the prestigious CFA (Chartered Financial Analyst) specialist pathway and acquire the skills to complete the CFA Level 1 examination (for both September-intake and January-intake students). Click here for more information. In addition, our partnership agreement with the esteemed Chartered Institute of Securities and Investment (CISI) means that graduates of this programme will be eligible to take CISI’s Level 3 Certificate in Islamic Finance, without the need for additional tuition.

Over the past two or three decades or so, Islamic banking and finance has emerged as another viable way of financial intermediation. It has gained credibility and has spread worldwide and is the preferred way of banking for one fifth of the world’s population. The taught MSc offer an opportunity to study the structure of the Islamic banking and finance industry, including its theoretical foundations, products, performance, Islamic financial instruments and risk management issues. These and other topics will be studied within the wider context of the banking and finance industry worldwide. There is an MA version of this programme and whilst the MSc is more suitable for candidates with some previous background in mathematics, statistics or econometrics, the MA is more suitable for candidates who prefer a less quantitative approach to their studies. The MSc International Banking and Development Finance is recognised by the Economic and Social Research Council (ESRC) as the first year of a 1+3 PhD training programme.

Applicants need a 2.2 undergraduate degree in a relevant subject, e.g. economics, finance, accounting or management from a university, or a similar qualification from any other institution. Alternatively, possession of a suitable professional qualification and relevant practical experience may also be accepted.