What is Islamic Banking and Finance?
Sometimes referred to as Sharia-compliant finance, Islamic banking and finance is one of a growing number of Ethical Banking Systems, which operate in line with ethical or sustainably-oriented banking principles. This postgraduate programme helps students differentiate between the Islamic banking model and traditional banking, and understand the challenges facing professionals operating Sharia-compliant portfolios, and the impact of the bank’s operational and strategic planning on the economy.
Who is the MA in Finance and Investment (Islamic Banking and Finance) programme for?
This programme specialisation typically attracts students with an interest in ethical and alternative banking models, and how financial objectives fits alongside Islamic culture. Students will become familiar with both conventional banking frameworks and Islamic finance concepts, and learn to identify and develop suitable products and services. The programme will develop your knowledge and understanding of financial tools, and is suitable for those pursuing a range of financial careers.
Graduates of the MA in Finance and Investment (Islamic Banking and Finance) will possess career-ready skills in:
- Islamic banking operations under Sharia conditions
- Islamic financial markets and their instruments
- Islamic portfolio management, profit creation, and risk minimisation
- Finance and investment decision making
- Financial statements and quantitative financial investment methods
You will study your programme with London School of Business & Finance. Your programme modules and learning content are delivered via theCanvas study platform, and feature the following resources:
- Professionally produced video lectures created by leading business practitioners
- A designated tutor who will provide support and feedback throughout your programme
- Case studies and discussion questions to enhance your understanding of theory in context
- Downloadable e-books and free library resources to aid your assignment writing and research
- Access to online forums where you can share and discuss new concepts with fellow students and professionals from around the world
- UK undergraduate degree or equivalent - any subject area
- English levels 5.5 IELTS (5.5 in all bands) or equivalent*
- Relevant work experience is an asset, but no work experience is required
Students who fail to meet academic requirements can be assessed on their relevant work experience (minimum 3 years' management experience for mature study route).
The MA in Finance and Investment degree syllabus considers today's challenging business environment and the financial expertise you need to excel within it. The 3 core and 3 elective modules will equip you with a deep understanding of investments and financial statements, corporate finance, financial econometrics and advanced asset pricing. The final research project will give you hands-on experience, ensuring your competence in a financial decision-making environment. Follow this link to see the full programme syllabus.
Information based on class of 2015-2016Pursuing an Islamic banking and finance specialisation at postgraduate level will focus your studies on the principles of Islamic banking, and the trends taking place in this global banking sector. Students will learn about the development of Islamic banking products, and understand the key differences between conventional banking systems and Islamic banks, and how the two co-operate. Students will hone their skills in:
Students can expect to gain the following skills by completing a MA in Finance and Investment (Islamic Banking and Finance) online:
- Financial risk management does not necessarily focus on eliminating risk, but is the process of understanding and managing these risks, and developing strategies to prevent them from occurring. You’ll learn to plan and prepare for a range of challenges facing the financial sector.
- Accounting and financial management develops the required skills to manage an organisation’s financial operations, alongside financial analysis, modelling, and the evaluation of alternative investment methods.
- Investment banking and capital markets covers a broad range of investment and banking services, including debt and equity offerings, divestitures, and takeover defence strategies.
- Retail banking and money markets explores the commercial services provided by retail banks to customers worldwide, and provides insight on the global nature of banking activities, new business models, commercial banking characteristics, and different types of risk.
The course is divided into three stages: stage 1 elaborates on the core subjects; stage 2 focuses on the electives; stage 3 includes the dissertation.
- Sound financial decision making
- Islamic portfolio management, profit creation, and risk minimisation
- Understanding of Islamic banking operations and Islamic financial markets and their instruments
- Understanding of financial statements and quantitative financial investment methods
- Ability to identify the worthiness and profitability of a financial project
- Strategic analysis to invest in financial projects
- Core modules:
Learn how to interpret and develop marketing strategies in the current and future business environment. You will study the internationalisation of business and marketing strategy, taking into consideration current trends from the marketplace.
- Business and Financial Analysis
Enhance your understanding of information management issues affecting modern businesses, and learn how various systems can help to ensure efficiency. You will discover how organisations can gain a competitive edge through good supply chain design and effective use of ICT. The knowledge and skills you acquire during the modules will prove crucial in your future management career.
- Quantitative Methods and Financial Markets
This module explores how strategy is formed and how it impacts upon businesses, as well as the importance of strategic management. You will be introduced to concepts, frameworks and practices in strategic management, in addition to leadership methods. Everything you learn will help you to excel in middle or senior level management.
- Corporate Finance
Financial institutions have developed a vast range of Islamic financial products designed to serve this fast growing market. You will distinguish between a traditional and an Islamic bank, and explore the operation of bank accounts under Sharia conditions.
- Fundamentals of Islamic Finance
This module provides an introduction to the conventional banking system before dealing with the key operations of Islamic banks. It also explores co-operation between conventional and Islamic financial institutions. It also deals with the Islamic financial markets, scope and instruments, the concepts of venture capital, investment funds, unit trusts, securitisation and Sukuk in accordance with Islamic principles.
- Islamic banking operations
This module enables you to analyse and evaluate specialised portfolio selections in a particular context (such as the Islamic investment market). It will also help you understand the links between existing theory and new practice.
- Islamic portfolio management
The research, critical analysis, communication and management skills you will develop are further enhanced through the final Research Dissertation/Project. This gives you the opportunity to apply your knowledge to the financial discipline of your choice.This financial specialisation can open the doors for a variety of ethical or traditional banking and finance careers, such as:Islamic Banking Finance Manager – holders of this position are responsible for maintaining and developing Islamic banking departments, and their daily responsibilities may include:
Business Development Manager – in this role, you’ll pitch goods or services to new clients, and generate new sales. Business development managers oversee the development of marketing and communication of recent product developments to prospective clients.Banking Relationship Manager – the main responsibility of this role is to handle clients and queries related to the bank. This position often involves providing financial advice to retail customers, and thus should have sound knowledge of the financial sector and available products.
- Overseeing compliance with Sharia principles
- Developing business strategies for the Islamic Banking and Finance Department
- Maintaining and strengthening relationships with other commercial banks