MSc in Finance & Islamic Banking

Islamic Finance and Banking has been the greatest modern innovation in the world of finance. Growing in popularity across the world, organizations require individuals who understand this market and can fulfill it needs and take advantage of opportunities.Therefore the MSc in Finance and Islamic Banking & Finance will equip you with essential knowledge that will help you identify principles and trends of the market as well as reflect on the roles, skills and responsibilities needed for effective management of corporate governance.

The MSc in Finance and Islamic Banking & Finance programme consists of four core Finance modules and two specialization modules: Fundamentals of Islamic Banking and Finance and Islamic Portfolio Management. .

Programme structure

Specialisation module 1: Fundamentals of Islamic Banking and Finance

Islamic finance spreads beyond Muslim countries, as seen in Europe where it has already made considerable headway in the UK, Germany and Switzerland. As a result of these developments, Islamic financial institutions have developed a vast range of products designed to serve the growing market. Several "Islamic equity" investment funds have also been launched, with both FTSE and Dow Jones providing indices to monitor this growing market. Presently, it is estimated that Islamic banks and financial institutions manage some US$200-300 billion of funds all over the world (Standard & Poors Islamic Finance Outlook, 2006).

Learning outcomes:

• Identify principles and trends in Islamic banking.
• Determine and evaluate the nature of different Islamic  banks and critically evaluate the economic benefit of various types of banking system.
• Reflect on the roles, skills and responsibilities needed for effective management of corporate governance.
• Demonstrate problem solving and analytical approaches to facilitate effective financial management in Islamic world.
• Acquire effective approaches to analysing conventional banking structure

Specialisation module 2: Islamic Portfolio Management

This elective builds on the techniques of successful portfolio selection, to address both the theory and practice of portfolio management with an emphasis on the Islamic world. The theoretical part of this subject will focus on the construction of an investment portfolio, and how to adjust its composition through time. It will also consider the use of derivatives in managing risks. The practical part will provide you with hands-on experience of actually constructing and managing a portfolio.

Learning outcomes:

• Identify principles and trends in Islamic  portfolio management.
• Determine and evaluate the nature of Islamic securities markets.
• Demonstrate deep and systemic knowledge in the sphere of Islamic portfolio investment.
• Critically evaluate the economic benefit of investing in a portfolio in the Islamic world
• Reflect on the roles, skills and responsibilities needed for effective management of a portfolio.

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