Start Dates
January, April, July, October.
Specialisations
6 Specialisations
Duration
18 to 36 months
Fees
£8,000
Award
MA in Finance and Investment (Islamic Banking and Finance)
Provided by
London School of Business and Finance
Awarded by
ituu
Differentiate between traditional and Islamic banking operations and capitalise on growing demand for skilled specialists in the Islamic banking sector.
There are several ethical reasons why a customer may look for alternative banking options. As a branch of alternative banking, the Islamic banking model differs from traditional banking in several ways; it is known for conducting its operations in accordance with principles of Sharia, and ensures that the net profit of a financial project is equally distributed among the parties involved. Pursuing the MA Finance and Investment (Islamic Banking and Finance) can help you develop the skills and understanding required to establish yourself in this global banking sector.

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.

Learning Outcomes

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. 

  • Class Profile

    Information based on class of 2015-2016 

  • Pursuing 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:
    • 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.
  • Students can expect to gain the following skills by completing a MA in Finance and Investment (Islamic Banking and Finance) online:
    • 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
  • 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.
    • Core modules:
    • Business and Financial Analysis
    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.
    • Quantitative Methods and Financial Markets
    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.
    • Corporate Finance
    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.
    • Electives:
    • Fundamentals of Islamic 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.
    • Islamic banking operations
    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 portfolio management
    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.
    • Dissertation
    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:
    • Overseeing compliance with Sharia principles
    • Developing business strategies for the Islamic Banking and Finance Department
    • Maintaining and strengthening relationships with other commercial banks
    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.

Testimonials

left
Barbara Szwarc
Working at an investment bank and studying at the same time can be tricky - time management is key. The mobility of studying online is a big plus.
— Barbara Szwarc, Poland
Erick Canales
I decided to study online because I work full time as an accountant, and I know it’s really difficult to study formally in a classroom every day.
— Erick Canales, Mexico
right
Ready to apply?
London School of Business & Finance is a part of the Global University Systems group of companies (the GUS Group). The information you provide on this form will be processed in accordance with London School of Business & Finance's Privacy Policy. London School of Business & Finance will use the details provided by you to get in touch with you about your enquiry.
Apply now
Ready to Apply?
Degrees, professional qualifications, and short courses delivered online