Islamic banking is considered to be one of the most notable innovations in the banking sector in recent years. At present, more than 350 Islamic banks and financial institutions are operating in over 60 countries in different regions including the Middle East, Europe, America, South Asia, Far East, Africa and Australia. The current size of global Islamic finance industry assets is approaching USD $1 trillion and is expected to reach US$4 trillion by 2020.

Within this setting, the Master of Islamic Banking and Finance program can provide you with a detailed understanding in the specialist areas of Islamic banking, Islamic Finance, Shari`ah, Islamic Economics, Islamic Financial Contracts, and Products Development, Risk Management in Islamic Financial Markets and Institutions, Islamic Corporate Governance and Legal and Regulatory issues in Islamic Banking and Finance. This accredited degree explores the theoretical concepts and shares regional best practices using case studies. For an overview of core units and electives you can study in this course, please see study plan.

Accreditation: This program is accredited by the UAE Ministry of Education’s Commission for Academic Accreditation and Finance Accreditation Agency (FAA) 

General Admission Requirements: The applicant must hold a bachelor's degree from an accredited Higher Education Institution with a minimum AGPA of 3.00 on a 4.00 Scale or its equivalent. Applicants from non-management backgrounds will need to first enroll and complete the non-credit foundation course Management Appreciation Program (MAP).  For full admission requirements and transfer from other institutions, please see Postgraduate Admission Requirements.

Tuition Fees: AED 2000 per Credit Hour (36 Credit Hours)
For tuition fees and other academic program related fees, please see Tuition & Fees.

Target audience
The Master in Islamic Banking and Finance is addressed to all those who want to become future leaders and professional 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
Will be well conversant with the basic principles of Islamic jurisprudence that are relevant to business and financial transactions
Will be acquainted with contours of Islamic economics and the distinguishing characteristics of an Islamic economy that is supported by an Islamic banking and financial system
Will have a proper understanding of relevant literature on Islamic banking and finance as well as the working of different Islamic financial institutions
Will comprehend different kind of risks faced by Islamic financial institutions as well as the implications of global competitive environments in financial industries
Will comprehend the contemporary legal and regulatory environment faced by the Islamic banking and finance industry
Can compose clear, consistent and effective written forms of communication and present effective oral presentations
Can integrate theory and practice for the purpose of strategic analysis in the field of Islamic banking and finance
Will be able to assess the aspirations of different stakeholders in Islamic financial industry and suggest innovative and widely acceptable solutions
Can critically evaluate the performance of an Islamic financial institution in accordance with expectations of different stakeholders
Can contribute in developing or improving Islamic financial products needed by the Islamic banking and finance industry
Can identify and analyze the ethical obligations and responsibilities of business from an Islamic perspective
Will be able to review new literature on Islamic banking and finance and understand its relevance for the industry

Career Opportunities

Career opportunities for Master graduates include

  • Finance Manager
  • Credit Manager
  • Funds Manager
  • Trust Officer
  • Economist
  • Public Finance
  • Claims Manager