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Dual MSc & MA in Finance and Investment (Islamic Banking and Finance)

Next intake:
  • April, July & October
Duration:
  • Minimum: 18 months
  • Maximum: 3 years
Fees:
  • £7,500 + £2,000 for the dual degree
     
  • For information about our instalment plans or applying for a partial bursary please fill in the enquiry form on the right

finance courses online

Our online dual degree in Finance and Investment (Islamic Banking and Finance) gives you the opportunity to gain a Master of Arts and Master of Science degree through just one study programme.

The dual master’s syllabus has been created by banking professionals to give you a broad overview of the latest Islamic banking trends and developments, portfolio evaluation in the Islamic investment market, and the key operations of Islamic banks, significantly enhancing your theoretical knowledge and practical skills in this burgeoning area of the banking industry.

Upon successful completion of the programme you’ll receive an MA degree from the International Telematic University UNINETTUNO and an MSc degree awarded by Geneva Business School.

Studying your dual degree online with InterActive gives you the opportunity to join a global online community and experience progressive educational techniques, and receive support and guidance from experienced tutors.

 

The next intake for this programme is April 2016, and you can compete your studies in a minimum of 18 months. The programme will start with core and elective/specialist modules, followed by the Integrative Research and Consultancy Project and the dissertation as a final assignment. Throughout your studies, you will be supported with comprehensive study materials and online tools made available through your InterActive account. After successful completion of the programme you will be awarded with an MA in Finance and Investment degree awarded by the International Telematic University UNINETTUNO and an MSc in Finance and Investment degree awarded by Geneva Business School.

To qualify for the programme, please make sure you satisfy all entry requirements and submit all necessary documentation.

Once enrolled, you will gain access to our Canvas learning management system. Each module is taught through:

  • HD-quality video lectures complete with supplementary learning materials.
  • Discussion questions allowing you to approach specific tasks related to case studies.
  • Online libraries and databases containing useful research resources.

The programme is divided into two parts – core and elective/specialist modules, as well as the Integrative Research and Consultancy Project. There are 3 core modules and you will begin by studying one at a time. After completion of the core subjects you will progress onto 3 elective/specialist modules. Successful completion of the first part will allow you to start work on the Integrative Research and Consultancy Project. You will have 20 weeks to complete this module, including a dissertation and number of formative assignments. A senior member of the academic staff will supervise and guide you through the project.

Please note: unless otherwise specified, certain course materials such as books are not included within the fee. Before registering, please review the description and contact us with any further questions.

The MSc and MA in Finance and Investment (Islamic Banking and Finance) degree provides you with specialised knowledge and skills in the world of Islamic finance. It allows you to differentiate traditional and Islamic banking operations, get introduced to the conventional system, as well as analyse the markets and portfolio management within the environment. The skills provided will allow you to capitalise on the ever growing demand for and shortage of skilled specialists in the Islamic Banking sector.

The programme will start with the core modules, which introduce you to the key concepts of finance. This is followed by 3 specialist modules equipping you with expertise in your desired field. There will be 3 core modules and 3 specialist modules in total. After completion, you can progress to the Integrative Research and Consultancy Project. Please view topics covered by clicking on a relevant module.

Postgraduate Certificate in Finance and Investment Managementread more
Business and Financial Analysis

Learning outcomes

You will be able to:

  • Identify rules and principles in the international accounting standards and financial regulations
  • Understand the core values in business that lead to a competitive advantage
  • Demonstrate an in-depth knowledge in the sphere of business and financial analysis with a view to corporate evaluation
  • Critically assess businesses and accounting data and financial information available to make investment decisions
  • Discuss the link between current theory and common practice, and be able to organise appropriate evidence and reasoning to produce balanced analysis
  • Demonstrate problem solving and analytical approaches to provide effective business and financial decision-making

Topics covered

  • Business Analysis I: Internal Analysis ;Value Chain, Audit and Competitive Advantage
  • Business Analysis II: External Analysis; PESTLE, SWOT and Five Forces
  • Business Analysis III: Competitive Strategy; Generic Strategies and SPACE Model, Stakeholder Analysis and Choices
  • The Basic Financial Statements I: The Balance Sheet
  • The Basic Financial Statements II: The Income Statement
  • The Basic Financial Statements III: The Statement of Cash Flows
  • The Basic Financial Statements IV: A Closer Look at Profits.
  • The Applications and Limitations of EBITDA.
  • The Reliability of Disclosure and Audits
  • Forecasts and Security Analysis: Forecasting Financial Statements.
  • Financial Statement Analysis for Credit
  • Financial Statement Analysis for Equity
Quantitative Finance and Financial Markets

Learning outcomes

You will be able to:

  • Design and apply quantitative tools in financial markets
  • Critically evaluate the changes that might occur if certain assumptions in the models used are changed
  • Compute basic valuation analysis for financial markets instruments
  • Evaluation of the inputs variables and their outputs in the use of quantitative tools in financial markets
  • Combine and evaluate findings and present same in a professional manner to a varied audience

Topics covered

  • An Overview of the five main financial markets (Equity, Fixed income, Derivatives, Money Markets, and Alternative Investments)
  • The Time Value of Money and its application in the financial markets
  • Discounted Cash Flow Applications and their application in the financial markets
  • Statistical Concepts and Market Returns and their application in the financial markets
  • Probability Concepts and their application in the financial markets
  • Common Probability Distributions and their applications in the financial markets
  • Sampling and Estimation and its application in the financial markets
  • Hypothesis Testing and its application in the financial markets
  • Correlation and Regression and its application in the financial markets
  • Multiple Regression and Issues in Regression Analysis and their application and management in the context of the financial markets
  • Time-Series Analysis and its application to the financial markets
  • Portfolio Concepts and their application to the financial markets
Corporate Finance

Learning outcomes

You will be able to:

  • Summarise key principles and tools for financial decision-making
  • Compare various investment decision rules and apply the process of capital budgeting
  • Analyse the concept of corporate capital structure and compute cost of capital
  • Determine and critically evaluate the economic benefit of various types of financing
  • Explain the concept of risk management and analyse the role of derivative instruments in mitigating risks

Topics covered

  • Corporate Governance and its impact on firm value
  • Capital Structure: The MM and other relevant theories
  • Measures of Leverage: Internal and External
  • Dividends and Share Repurchases Basics
  • Dividends and Share Repurchases: Analysis
  • Working Capital Management: Different approaches
  • Introduction to Portfolio Theory
  • Sources and Cost of Capital I:
  • Sources and Cost of Capital II:
  • Capital Budgeting I: Traditional Methods and Discounted Cash flow I
  • Capital Budgeting II: Discounted Cash flow approaches II
  • Capital Budgeting III: Advanced Approaches
Postgraduate Diploma in Finance and Investment Managementread more
Fundamentals of Islamic Finance

Learning outcomes

You will be able to:

  • Identify and critically analyse principles and trends in Islamic banking
  • Determine and critically evaluate the key differences between Islamic banking and conventional banking
  • Analyse the current application of Islamic Finance principles in the relevant department of a selected global banking organisation, and critically appraise suggestions for improvement of these practices
  • Critically evaluate the economic benefits of various types of banking system
  • Identify and critically assess the range of roles, skills and responsibilities needed for effective management of corporate governance in Islamic Banking

Topics covered

  • Induction to Islam and Introduction to Islamic Banking and Finance I: Key concepts of Sharia’a, the Quran, the Sunnah, ijma’, Qiyas, ijtihad of Islamic law and the authorities for interpreting the Quran.
  • Induction to Islam and Introduction to Islamic Banking and Finance II: The main sources for application of Islamic Guidance to commerce. The concepts underlying Islamic finance. The historical development of modern finance and banking
  • Financial techniques in Islamic Banks I: The distinction between a traditional bank and an Islamic bank and the operation of current accounts under Sharia’a conditions
  • Financial techniques in Islamic Banks II: The Islamic banking model and the challenges it presents
  • Financial Statements for Islamic Banks I: The conceptual framework of OFRS/IAS
  • Financial Statements for Islamic Banks II: The need for Islamic accounting standards and The role and responsibilities of AAOIFI
  • Islamic Corporate Governance I: The reasons for Islamic banks presenting different corporate governance challenges to conventional banks
  • Islamic Corporate Governance II:The role of the Sharia’a supervisory board in the corporate governance and how RIAH and UIAH works in corporate governance
  • Islamic Bond Market and Islamic Co-operative Insurance I: The difference between conventional and Islamic securities will be introduced. Application of the Mudaraba Sukuk, the Ijara Sukuk, and Salam Sukuk
  • Islamic Bond Market and Islamic Co-operative Insurance II: The position of Islam regarding insurance. The three models for understanding and managing the investments of the Takaful
Islamic Banking Operations

Learning outcomes

You will be able to:

  • Identify and critically analyse principles and trends in Islamic portfolio management.
  • Determine and critically evaluate the key differences between the Islamic banking operations
  • Analyse the current approach to Islamic portfolio investment in a selected organisation and critically appraise suggestions for improvement
  • Critically evaluate the economic benefits of investing in the Islamic world
  • Identify and critically assess the range of roles, skills and responsibilities needed for effective management of a portfolio in Islamic Finance.

Topics covered

  • Islamic Banking Operations I: Outline of the Conventional Banking System
  • Islamic Banking Operations II: Deposit and Resource Mobilisation by Islamic Banks (Liability Side)
  • Islamic Banking Operations III: Deposit and Resource Mobilisation by Islamic Banks (Liability Side)
  • Islamic Banking Operations IV: Financing by Islamic Banks (Asset Side)
  • Islamic Banking Operations VI:  Islamic Financial Markets and Instruments
  • Islamic Banking Operations VII:  Islamic Financial Markets and Instruments
  • Islamic Banking Operations VIII: Venture Capital under the Islamic Financial System
  • Islamic Banking Operations V: Islamic Banks Services and Fee-based Operations
  • Cooperation between Conventional and Islamic Banks
  • Islamic Banking Operations IX: Venture Capital under the Islamic Financial System
  • Islamic Banking Operations X: Islamic Funds and Unit Trusts
  • Islamic Banking Operations XI: Securitisation and Sukuk
  • Islamic Banking Operations XII: Securitisation and Sukuk
Islamic Portfolio Management

Learning outcomes

You will be able to:

  • Identify and critically analyse principles and trends in Islamic portfolio management.
  • Determine and critically evaluate the key differences between the Islamic securities market and the conventional securities market.
  • Analyse the current approach to Islamic portfolio investment in a selected organisation and critically appraise suggestions for improvement of current practices
  • Critically evaluate the economic benefits of investing in a portfolio in the Islamic world
  • Assess the range of skills needed for effective management of a portfolio in Islamic Finance

Topics covered

  • Financial instruments and markets and an Introduction to portfolio management I
  • Financial instruments and markets and an Introduction to portfolio management II
  • Understanding and applying passive asset allocation I
  • Understanding and applying passive asset allocation II
  • Understanding and applying active portfolio management I
  • Understanding and applying active portfolio management II
  • Islamic law of contract and Hedging/ Islamic portfolio insurance I
  • Islamic law of contract and Hedging/ Islamic portfolio insurance II
  • Islamic Asset and Fund Management and Islamic Portfolio management in practice I
  • Islamic Asset and Fund Management and Islamic Portfolio management in practice II
  • Globalization and Challenges for Islamic Finance
  • Corporate Governance in Islamic Finance
MSc and MA in Finance and Investment Managementread more
Integrative Research and Consultancy Project

Learning outcomes

At the end of the module you should be able to:

  1. Formulate a research proposal and design this into a workable research plan
  2. Design and manage a business critical independent applied research in their chosen discipline and present their findings, to a professionally acceptable standards
  3. Critically evaluate and analyse their findings, reporting on their conclusions in clear and acceptable standard in the form of an engagement report
  4. Synthesize theory in a practical context to evidence knowledge, understanding and transferrable skills with regards to the taught components of their studies

Topics covered

  • The nature of business and management research/consultancy
  • Formulating and clarifying the research/consultancy topic
  • The practice of management consulting
  • Negotiating a scope of work; developing a research proposal
  • Consulting as a profession; business research methods and practice;
  • Formulating the research design and negotiating access and research ethics
  • Understanding research philosophies and approaches
  • Critically reviewing the literature
  • Applicable models for consulting and research
  • Selecting samples and using secondary data
  • Collecting primary data through observation
  • Collecting primary data using semi-structured, in-depth and group interviews
  • Collecting primary data using questionnaires
  • Analysing quantitative data and qualitative data
  • Writing and presenting your project report

Please note: you can only graduate with one award (the highest level achieved), and it will only be issued once you have formally completed your studies.

Academic entry requirements:

  • UK undergraduate degree or equivalent (any class, any subject are).
  • Applicants who do not meet the stated entry requirements may apply via our Mature Route. You will be asked to provide evidence of three year’s managerial work experience, plus transcripts of your highest qualifications achieved to date. Applications via this route are assessed on a case-by-case basis.

English language requirements:

  • IELTS 5.5 or equivalent or
  • high school in English or
  • bachelors completed in English or
  • ACCA/CIMA 14 papers completed
  • 2 years of work experience in an English speaking environment (upon approval by admissions board)

List of documents required on registration:

  1. Application form
  2. Authentic copies of your qualifications, certificates and complete transcripts for all years of studies
  3. A copy of your passport
  4. An English copy of your CV/résumé
  5. Two reference letters (academic / professional); please ensure that reference letters are on letterhead paper, stamped and dated (no older than 6 months)
  6. A scanned copy of a recent passport sized colour photograph (jpeg, 150*150 pixels)
  7. Proof of English proficiency

Reference letters

Reference letters submitted for admissions board review should be as per the below format and contain the information listed:

  • Student’s full name
  • The student’s position, and title within the company (at least two years relevant work experience at management level)
  • The exact period over which student worked for the company, and details about responsibilities held (including how many people the candidate was responsible for)
  • Details about the candidate’s personal qualities
  • The name, signature and position of the referee and their contact details (the referee must be somebody with a high position in the company such as director, manager etc.)
  • Reference letters must be on letter-headed paper, stamped and dated (no older than six months)

Choose your master's specialisation:

Dual MSc and MA in Finance and Investment (Accounting and Financial Management)more info
Dual MSc and MA in Finance and Investment (Financial Risk Management)more info
Dual MSc and MA in Finance and Investment (Investment Banking and Capital Markets)more info
Dual MSc and MA in Finance and Investment (Islamic Banking and Finance)more info
Dual MSc and MA in Finance and Investment (Mergers, Acquisitions and Private Equity)more info
Dual MSc and MA in Finance and Investment (Retail Banking and Money Markets)more info

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