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MA in Finance and Investment (Islamic Banking and Finance)

Next intake:
  • September 2014
Duration:
  • Minimum: 18 months
  • Maximum: 3 years
Fees:
  • £7500
  • For information about our instalment plans or applying for a partial bursary please fill in the enquiry form on the right

The MA in Finance and Investment (Islamic Banking and Finance) is an online postgraduate degree exposing you to modern innovation in the world of finance. Delivered to you in partnership with the London School of Business and Finance, it is a flexible degree that provides you with practical insights on the workings of Islamic banking. The programme is delivered online via the InterActive learning platform, allowing you to study wherever and whenever you want.

The degree has been structured to give you the most value and practical expertise though interactive rather than theoretical learning only. As a result, it significantly enhances your practical skillset and their successful application in real life. Diverse materials will be covered including latest trends, portfolio evaluation in the Islamic investment market, and key operations of Islamic banks.

What you will learn throughout the programme?read more

This programme will allow you to:

  • Get the essential and practical skills on financial statement preparation
  • Analyse quantitative methods in relation to investment finance
  • Understand the importance of investment and financial decisions, while creating profit and minimising risks
  • Understand the difference between traditional and Islamic banking operations under Sharia‘s conditions
  • Introduction to the conventional banking system, key operations of Islamic banking and co-operation
  • Learn and evaluate the Islamic financial markets and their instruments and related concepts
  • Critically analyse and evaluate Islamic portfolio management, specifically considering the Islamic investment market

Studying with interactive, you will gain an access to diverse study resources and online tools including:

  • Case studies in HD quality video lectures with downloadable notes covering the full programme syllabus
  • Monthly live online chat sessions with your tutor, mentor and classmates to facilitate your learning
  • Online tutor support via forums and discussion groups
  • Lecture notes and revision kits enhance your learning
  • Self-assessed mock assignments, to revise course material
  • Additional online resources such as libraries and e-journals provided by the London School of Business and Finance.

Get a global reach though the InterActive learning platform to expert tutors, mentors and fellow students, and start your online learning experience today.

 
 

The 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
Master of Arts 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.

 
 
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