Find out more about studying Islamic Banking, Finance and International Business MSc at University of Dundee? We've gathered all the key details, entry requirements, modules, fees, and more. Take the next step by booking an open day to explore it for yourself.
MSc - Master of Science
Main Campus
Full Time
Jan 2027
1 Year
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:
The module is designed to: (1) identify the major tendencies characterising the global economy and their implications for internationalization strategies of firms; (2) introduce students to the relevant key theories of international trade and investment; and (3) enable students to understand and assess the effects of trade and investment policies on firms? decisions.
You will examine the fundamental concepts of international trade, finance and investment. It introduces the tools and techniques for asset pricing and capital budgeting, provides an overview of financial risk assessment and balance of payments and analyses the operation of the foreign exchange market and the determination of exchange rates. Topics you will cover include compounding, discounting and discounted cash flow analysis, the valuation of stocks and bonds in financial markets, the measurement of risk and the role of risk in asset pricing and financial decision-making, the balance of payments and the influence of macroeconomic factors on trade, the operation of currency markets and theories of exchange rate determination.
Strategic Decisions for Business will provide knowledge of the strategic issues that businesses face when operating in global markets. The module is designed to introduce students to the wide range of strategic issues faced by firms operating in a global environment and to enable students to understand and use various key economic concepts of competition (static and dynamic) and incentives in business organisations.
This element will give you the confidence to produce an international finance report. As advised by employers, it is short and helps you write concisely and provide clear and focused analysis of a topic or issue in a way that will influence and guide managers and decision makers.
Defines Islamic economics so as to construct a comprehensive and integrated economic system (Political Economy Understanding). This will allow you to get a clear understanding of Islamic economic methodology through a critical appraisal of key theories in existing literature (Methodological Approach). It will also allow the critical evaluation and implementation of Islamic finance according to Islamic Moral economy postulates and assumptions and allow you to understand market imperfection from the perspective of Islamic economics.
The module provides students with an advanced understanding of risks associated with Islamic financial products and institutions and allows them to develop critical reasoning of issues arising in managing different risks at the institutional and regulatory levels in relation to compliancy with Islamic value system. You will critically examine the role of different stakeholders in managing different risks at the institutional and regulatory levels and evaluate Sharifah compliant risk management instruments and systems to mitigate risks in Islamic finance.
The module provides students with an advanced understanding of the theoretical aspects of the Islamic banking and insurance systems leading to a nuanced understanding of the contemporary application of Islamic banking and insurance. Students will critically examine the institutional frameworks, governance systems and regulation of Islamic banking and insurance and allow them to evaluate the main controversies and challenges facing Islamic banking and insurance.
