MA and MSc in Islamic Finance
Two new postgraduate programmes from a leading University and School specialised in Islamic finance and banking studies and research with over twenty years of experience.
The new MA in Islamic Finance and MSc in Islamic Finance are now taking applications for the academic year 2010-2011, as part of the Durham Islamic Finance Programme (DIFP) located in the School of Government and International Affairs (SGIA).
Being the major centre for Islamic banking and finance studies in the West, DIFP and SGIA provide a number of programmes and courses in Islamic economics, banking and finance.
Both of these programmes will be jointly offered by SGIA and Durham Business School (DBS) by bringing together the expertise and reputation of two important institutions in their field.
The contribution by DIFP through teaching and research over two decades is an indication that the MA/MSc in Islamic Finance will be yet another successful area of the programme, which will further contribute to the reputation of our programme.
Rationale for MA/MSc in Islamic Finance Programme
Islamic banking and finance has become an important alternative banking and financing method all over the world and Islamic financial institutions are now operating in more than 70 countries involving the financing of various popular world brands.
Durham University has an international reputation in research as well as academic qualifications in the field; as currently Ph.D. and MAR (MA by Research) degrees are offered alongside Durham Islamic Finance Summer School (DIFSS). Doctoral and the Summer School programmes have become the largest and most successful programmes in the field.
The new MA and MSc Islamic Finance, as taught programmes, are intended to provide masters-level education and training in relevant specialised areas of Islamic finance and conventional finance in a supportive learning environment informed by research and shaped by the reputation of two specialised schools in their fields: SGIA and DBS. Considering that DIFP is the only well established centre for research and teaching in Islamic finance in the West, the new MA/MSc in Islamic Finance will be another contribution of the DIFP to the development of the field and sector.
The broad aims of MA/MSc in Islamic Finance are:
- to develop an advanced understanding of the economics and finance and working mechanism and complexity of Islamic finance including its legal and regulatory framework and Shariah compliancy process;
- to develop an advanced understanding of issues, such as risk, in Islamic finance and conventional finance including their practical aspects;
- to develop a critical awareness of current issues in Islamic and conventional finance;
- to develop a specialised understanding of appropriate techniques, peculiar to Islamic and conventional finance, sufficient enough to allow investigation into relevant financial management issues;
- to develop a critical awareness of ethical and corporate social responsibility issues in Islamic and conventional finance;
Structure of the Programme
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MA in Islamic Finance (Course Code T6KP07) |
MSc in Islamic Finance (Course Code T6K209) |
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Core Modules Islamic Banking and Finance Islamic Law and Financial Transactions Islamic Political Economy Islamic Accounting Research Methods in Business and Management Theory of Finance Financial Management Dissertation |
Core Modues Islamic Banking and Finance Islamic Law and Financial Transactions Islamic Political Economy Advanced Financial Theory Econometrics I Portfolio Management Corporate Finance (MSc) Dissertation |
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Optional Modules (You must choose one) Behavioural Finance Multinational Finance Financial Planning and Control Corporate Governance Corporate Reporting |
Optional Modules (You must choose one) International Finance Islamic Accounting Financial Management Behavioural Finance Multinational Finance International Financial Asset Management Financial Risk Management Derivative Markets Financial Modelling and Business Forecasting Corporate Governance |
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Note: Each module carries 15 credit; and Dissertation module carries 60 credits, you must have a total of 180 credits.
Admission Requirements:
- A bachelor's degree (normally a 2.1 or first class degree) or an equivalent professional qualification from a recognised institution.
- Applicants for MSc in Islamic Finance should have knowledge and familiarity in quantitative economics and finance
Proficiency in English:
Applicants are expected to have IELTS score of 7.0 which is equivalent to TOEFL IBT 100 or above.
Application Process:
- Application is only possible through online (please follow the link).
- Applications would only be processed after receipt of complete application materials including transcripts and/or degrees (scanned copies are acceptable for initial screening), evidence of IELTS score of 7.0 AND two academic references.
For further information, please contact:
Dr Mehmet Asutay
email: mehmet.asutay@durham.ac.uk or email SGIA Postgraduate Admissions
