Islamic banking is considered to be most notable innovation in the banking sector in recent years. Islamic products and portfolios offer a viable alternative mode for investment and finance in recent years. The Islamic finance industry has experienced a remarkable growth during the past two decades. At present, more than 350 Islamic banks and financial institutions are operating in over 60 countries in different regions including Middle East, Europe, America, South Asia, Far East, Africa and Australia. The current size of global Islamic finance industry assets is approaching US$1 trillion and is expected to reach US$4 trillion by 2020.

The Master of Islamic Banking and Finance program seeks to educate and train learners in the specialist areas of Islamic banking, Islamic Finance, Shari`ah, Islamic Economics, Islamic Financial Contracts, and Products Development, Accounting for Islamic Financial Transactions, Risk Management in Islamic Financial Markets and Institutions, Islamic Corporate Governance and Legal and Regulatory issues in Islamic Banking and Finance. The Master of Islamic Banking and Finance program will explore theoretical concepts and share regional best practices using case studies.

Target audience

The Master in Islamic Banking and Finance is addressed to all those who want to become future leaders and professionals in the Islamic Banking and Finance. The program is designed for both in-career personnel as well as fresh university graduates who are keen to acquire critical knowledge and skills in areas related to Islamic banking and finance and Islamic Shari.

Program Goals

  • Illustrate the need, structure, and operations of Islamic banking and finance;
  • Explain the concept of Shari`ah, its sources and its application to Islamic banking and financial transactions;
  • Explore how Islamic banking differs from the conventional banking system;
  • Understand the services and products of Islamic banking;
  • Gain practical knowledge of the practice of Islamic banking and finance through conducting case studies;
  • Produce high caliber professionals with the necessary technical skills and knowledge in Islamic banking and finance;
  • Develop teamwork and experiential skills;
  • Develop research skills and ability to communicate effectively;
  • Strategically train up ambassador learners to build knowledge, skills, competencies, and experience as they get into the Islamic finance industry.

Program Outcomes

  • Appreciate the rationale behind the growth and development of modern Islamic finance;
  • Distinguish Islamic banking and finance from its conventional counterpart;
  • Develop an in-depth knowledge of the underlying principles of Islamic banking and finance.
Program taught in:
  • English
  • Arabic (Saudi Arabia)

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This course is Online & Campus Combined
Start Date
Sep 2020
3 semesters
72,000 AED
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