MSc Islamic Finance
At a glance
- UCAS Code: N3K809
- Course Duration: 1 year (full-time)
- Mode of study: Full Time
- Location: Durham City
- Start Date: 02/10/2017, 02/10/2018
This one-year full-time programme is designed to provide rigorous training at the frontier of research, giving you the opportunity to develop the advanced analytical and technical skills that are highly sought after by global employers.
MSc Islamic Finance is a specialised taught programme, involving quantitative methods in the analysis of Islamic and conventional finance by making reference to their technical particularities.
The programme consists of a set of core and elective modules, culminating in a practice-based business project or a research-based dissertation.
Core and elective modules
You will study:
- Islamic Banking and Finance
- Islamic Law and Financial Transactions
- Islamic Political Economy
- Advanced Financial Theory
- Econometric Methods
- Islamic Capital Markets
- Risk Management Issues in Islamic Finance.
You will then choose one elective module. The list of modules may vary from year to year, but has typically included Behavioural Finance and Economics, Derivative Markets, Financial Management, International Finance, Multinational Finance, and Portfolio Management.
In the third term, you will complete a 12,000-word dissertation which could be a specific project with an organisation. Supervised by a faculty member with relevant experience, you will investigate in greater detail a subject that you have already studied as part of your programme. A major piece of independent work, the dissertation will enable you to exercise critical judgement and illustrate how economic analysis has relevance to financial decision making.
Adding to your experience
- International Study Tour: We organise an optional International Study Tour to a European destination, typically Switzerland. This intensive programme takes place over several days, normally in March/April, and offers you a great opportunity to get an ‘inside perspective’ on international business, and to network with key staff within organisations.
- International Conferences: We organise and sponsor international conferences on Islamic economics and finance in collaboration with other leading global academic institutions such as the Islamic Research and Training Institute (IRTI) of the Islamic Development Bank; International Shari’ah Research Academy (ISRA), Malaysia; and Kyoto University, Japan.
As part of your programme, you have the opportunity to enjoy presentations by academics and practitioners within your chosen area of interest. Past speakers have included leading academics and professional financiers and bankers, providing an ideal opportunity to gain practical knowledge and progressive insight in Islamic finance related areas.
Subject requirements, level and grade
The Masters in Islamic Finance is designed for new or recent graduates. You should have a strong background in a related discipline and knowledge and familiarity in quantitative economics and finance.
Please note: The application process opens on 1 October for entry the following academic year.
What do I need first?
The equivalent of a UK good upper second class honours degree.You will need evidence on your degree transcript of strong grades in statistical modules in your second, third or fourth year.
If you are an international student who does not meet the requirements for direct entry to this degree, you may be eligible to take a pre-Masters pathway programme at the Durham University International Study Centre.
NB Chinese Applicants: Applications will be accepted from students who have graduated from a prestigious university in China. Entry requirements may vary depending upon the reputation of the university you have graduated from and the academic programme you have applied for. As a guide, applicants are expected to have achieved an overall average of 85%.
How do I apply?
You will need to complete an online application form.
Please note you can only apply for one Masters Finance programme.
To support your online application form, you will need to provide the following documents.
- Two academic references using our standard form
- Official transcript of marks
- Copy of degree certificate (if available)
- Copy of English test results (if available).
You can either upload your supporting documents with your online application or email or fax them to the Postgraduate Admissions Office using the contact details below.
Once we receive your online application form, you’ll get an automatic email within 48 hours asking you to pay the £60 application fee* which is required to progress your application.
You’ll need to follow the link in the email to the webpage where you can confirm your details and make the payment using a debit or credit card. This is a secure website operated by Secpay, which will send you an automatic receipt of payment.
Once we receive confirmation that your application fee has been paid, we’ll be able to progress your application. If you do not pay the application fee your application will be automatically withdrawn.
*Please note you will only be able to make a payment for one programme in each suite i.e. one MSc Finance programme, one MSc Management programme, one MSc Marketing programme, one Islamic Finance programme.
If you’re applying for a full-time programme you’ll need to become a member of one of our Colleges as well as being accepted by a department. Here’s more information about how the college system works. Once you accept your programme offer, the College Postgraduate Office will get in touch with you to arrange accommodation. Please note that demand for college accommodation usually exceeds availability, so please try to arrange it as soon as possible.
Here are the steps in the admissions process:
- We will let you know when we’ve received your application.
- Once we’ve received all of your supporting documents, we will email you to let you know our decision.
- If the decision is to make you an offer of a place on the programme we will let you know by email. Please note we do not issue hard copy offer letters as these are not required to obtain a student visa.
- If you have requested university accommodation on your application form, the college will contact you directly. They will send you an accommodation application form, which you should complete and return directly to the college.
- You should confirm acceptance of your offer as soon as possible. In order to secure your place, you are required to pay a deposit within six weeks of the date of your original offer (check your offer documents for details of payment methods).
- International students requiring a student visa will receive a CAS (Certificate of Acceptance of Studies) via email once all offer conditions are met, acceptance and deposit have been received and you are within five months of the start date of your programme.
PLEASE NOTE: YOU MUST LET US KNOW YOUR OWN PERSONAL EMAIL ADDRESS WHEN APPLYING. PLEASE DO NOT USE A UNIVERSITY-LINKED EMAIL WHICH MAY STOP WORKING ONCE YOU COMPLETE YOUR BACHELOR DEGREE.
- EU Student: £13,000.00 per year
- Home Student: £13,000.00 per year
- Island Student: £13,000.00 per year
- International non-EU Student: £21,500.00 per year
Note: Fees are subject to review and change in-line with inflation.
This school offers programs in:
Last updated January 29, 2018