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 of 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 USD $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. 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
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

Career Opportunities

Career opportunities for Master graduates include

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