Course summary

Subject to approval In the world of sustainable development and Ethics-Social and Governance paradigms, MSc in Islamic Finance will give you the necessary critical skills to develop ethical screening and decision-making on top of financial decision-making skills.   Since Islamic finance is constituted from a particular knowledge set, this programme aims to provide you with fundamental knowledge related to Islamic finance galvanised by essential practical skills and real-world applications in an international context. It also focuses on the countries that have a systemic presence of Islamic finance, including the UK. Through Islamic finance and finance related core and elective modules, you will gain a deep understanding of the Islamic financial system and the working of Islamic financial contracts within national and international contexts. Core modules include specialised modules such as Islamic Political Economy, Islamic Law and Financial Transactions, Islamic Banking and Finance, and conventional finance modules such as Fundamentals of Finance and Financial Management. Each module is tailored to foster an intricate grasp of Islamic and conventional finance in an interactive manner within the global financial system by making reference to sustainable development and the digital economy. In assisting you to personalise your learning experience, you will have the flexibility to choose from a variety of optional modules that align with your career aspirations in the Islamic and conventional sectors. The programme is structured as a one-year, full-time, residential course that significantly enhances your international exposure. Through collaborations with our esteemed global Islamic finance partners, you will have opportunities to participate in Durham Islamic Finance Summer School to enhance your practical skills by learning from global leaders of Islamic finance. Our Business School is accredited by the AACSB, AMBA, and EQUIS, is recognised for its academic rigor and commitment to excellence. You will learn from academics who are not only leaders in their fields but also passionate about mentoring the next generation of Islamic finance leaders. Prepare to advance your career with a globally oriented mindset and a network of peers and professionals from around the world, as Durham Business School is internationally recognised for being at the forefront of Islamic finance research and education. Thus, international and domestic developments provide an enhanced rationale for taking up an MSc Islamic finance programme to be part of a thriving and unique sector known as Islamic finance. Core modules: Islamic Banking and Finance introduces the fundamental operational mechanisms of Islamic financial institutions, the Islamic normative principles, and Shari’ah governance. Islamic Law and Financial Transactions provides you with comprehensive and essential knowledge of the fundamental principles of Islamic finance and their articulation in financial contracts used in Islamic finance. Islamic Political Economy offers an in-depth understanding of the Islamic economy with all its normative and theoretical aspects. It allows one to locate Islamic finance within the broader objective of Islamic economics, which is described as the well-being of all stakeholders. Financial Management equips you with the ability to not only understand the financial information needed by management for decision-making but also to apply this knowledge in real-world scenarios, enhancing your preparedness and competence in the field. Fundamentals of Finance provides a comprehensive grounding in modern finance theory and the most important contemporary research, ensuring you are well informed and knowledgeable in this dynamic field. Quantitative Methods provide you with the know-how necessary to conduct empirical research in economics or finance and understand more advanced econometric techniques. Dissertation