N3K909 Islamic Finance and Management MSc Postgraduate Taught 2019
This one-year full-time programme is designed to provide rigorous training at the frontier of research, giving you the opportunity to develop the advanced analytical and technical skills that are highly sought after by global employers.
The first of its kind at a global level, MSc Islamic Finance and Management is a cross-disciplinary specialised programme, aiming to provide management-related knowledge and skills to students who, at the same time, specialise in Islamic Finance. This programme requires less quantitative material, knowledge and skills then MSc Islamic Finance.
The programme consists of a set of core and elective modules, culminating in a practice-based business project or a research-based dissertation.
Core and elective modules
You will study:
- Islamic Banking and Finance
- Islamic Law and Financial Transactions
- Islamic Political Economy
- Islamic Accounting
- Organisational Behaviour
- Islamic Management
- Risk Management Issues in Islamic Finance
- Research Methods and Dissertation.
You will then choose one elective modules. The list of modules may vary from year to year, but has typically included Decision Making and Business Modelling, Financial Management, Global Business, Islamic Capital Markets, and Strategic Marketing Management.
In the third term, you will complete a 12,000 word dissertation which could be a specific project with an organisation. Supervised by a faculty member with relevant experience, you will investigate in greater detail a subject that you have already studied as part of your programme. A major piece of independent work, the dissertation will enable you to exercise critical judgement and illustrate how economic analysis has relevance to financial decision taking.
Adding to your experience
- International Study Tour
We organise an optional International Study Tour to a European destination, typically Switzerland. This intensive programme takes place over several days, normally in March/April, and offers you a great opportunity to get an ‘inside perspective’ on international business, and to network with key staff within organisations.
- International Conferences
We organise and sponsor international conferences on Islamic economics and finance in collaboration with other leading global academic institutions such as the Islamic Research and Training Institute (IRTI) of the Islamic Development Bank; International Shari’ah Research Academy (ISRA), Malaysia; and Kyoto University, Japan.
As part of your programme, you have the opportunity to enjoy presentations by academics and practitioners within your chosen area of interest. Past speakers have included leading academics and professional financiers and bankers, providing an ideal opportunity to gain practical knowledge and progressive insight in Islamic finance related areas.
To find out more about the modules available to students studying at Durham University please click here.
Please note: Current modules are indicative. Information for future academic years may change, for example, due to developments in the relevant academic field, or in light of student feedback.
Learning and Teaching
Course Learning and Teaching
The programme is mainly delivered through a mixture of lectures and seminars. Lectures provide key contents of a particular topic. Occasionally lectures might be delivered by guest speakers who are internationally recognised academic experts or practitioners in their field. Students can also attend the Durham Speaker Series including Islamic Finance Programme’s specialised seminars, providing the opportunity to network with senior business leaders, academics, staff and alumni.
Seminars provide the opportunity for smaller groups of students to solve problems and discuss and debate issues based on knowledge gained through lectures and independent study outside the programme’s formal contact hours. These help students to articulate the knowledge they have developed in the lectures and independent study time.
Students study 7 core modules, and select 1 elective module to study, which enables them to undertake more in-depth study of particular topics. This is followed by a 12,000 word dissertation to allow students to carry out independent research and develop their skills in analysis and scholarly expression, using an appropriate theoretical framework. They are supported in writing their dissertation through the study of research methods, and attending individual meetings with an allocated supervisor, who monitors their progress and provides advice.
Throughout the year, students may have the opportunity to participate in extracurricular activities, which includes conferences and seminars organised within the programme and also professional conferences organised within the industry. Durham Islamic Finance Summer School in August should also be considered as an extremely valuable opportunity to develop practical knowledge and for networking purpose. They also have the opportunity to attend an International Study Week at an overseas location at the end of Term 2, which gives students the opportunity to learn about the business, economy and culture of another country, gain an ‘insider perspective’ on international businesses and network with key business staff.
Outside of timetabled contact hours, students are expected to undertake a significant amount of independent study in preparation for teaching sessions, assignments and other forms of assessment including exams, and general background reading to broaden their subject knowledge. All students have an Academic Adviser who is able to provide general advice on academic matters. Teaching staff are also available to provide additional support on a one-to-one basis via weekly consultation hours.
Students also have access to the facilities available at Mill Hill Lane including dedicated postgraduate working spaces, an onsite library and IT helpdesk.
Subject requirements, level and grade
The Masters in Islamic Finance and Management is designed for new or recent graduates.
Please note: The application process opens on 1 October for entry the following academic year.
We aim to have a diverse student body and recognise that we can only offer places to a finite number of applicants. To help achieve our aim, we look to ensure we offer places to applicants from all nationalities and close applications when we receive the allocated numbers.
What do I need first?
The equivalent of a UK good upper second class honours degree. Check the full list of equivalent qualifications.
NB Chinese Applicants: Applications will be accepted from students who have graduated from a prestigious university in China. Entry requirements may vary depending upon the reputation of the university you have graduated from and the academic programme you have applied for. As a guide, applicants are expected to have achieved an overall average of 85%.
How do I apply?
You will need to complete an online application form.
Please note you can only apply for one Masters Finance programme.
To support your online application form, you will need to provide the following documents.
- Two academic references using our standard form (Download the form - Word format)
- Official transcript of marks
- Copy of degree certificate (if available)
- Copy of English test results (if available).
You can either upload your supporting documents with your online application or email or fax them to the Postgraduate Admissions Office using the contact details below.
Once we receive your online application form, you’ll get an automatic email within 48 hours asking you to pay the £60 application fee* which is required to progress your application.
You’ll need to follow the link in the email to the webpage where you can confirm your details and make the payment using a debit or credit card. This is a secure website operated by Secpay, which will send you an automatic receipt of payment.
Once we receive confirmation that your application fee has been paid, we’ll be able to progress your application. If you do not pay the application fee your application will be automatically withdrawn.
*Please note you will only be able to make a payment for one programme in each suite i.e. one MSc Finance programme, one MSc Management programme, one MSc Marketing programme, one Islamic Finance programme.
If you’re applying for a full-time programme you’ll need to become a member of one of our Colleges as well as being accepted by a department. Here’s more information about how the college system works. Once you accept your programme offer, the College Postgraduate Office will get in touch with you to arrange accommodation. Please note that demand for college accommodation usually exceeds availability, so please try to arrange it as soon as possible.
Here are the steps in the admissions process:
- We will let you know when we’ve received your application.
- Once we’ve received all of your supporting documents, we will email you to let you know our decision.
- If the decision is to make you an offer of a place on the programme we will let you know by email. Please note we do not issue hard copy offer letters as these are not required to obtain a student visa.
- If you have requested university accommodation on your application form, the college will contact you direct. They will send you an accommodation application form, which you should complete and return direct to the college.
- You should confirm acceptance of your offer as soon as possible. In order to secure your place, you are required to pay a deposit within six weeks of the date of your original offer (check your offer documents for details of payment methods).
- International students requiring a student visa will receive a CAS (Certificate of Acceptance of Studies) via email once all offer conditions are met, acceptance and deposit have been received and you are within five months of the start date of your programme.
PLEASE NOTE: YOU MUST LET US KNOW YOUR OWN PERSONAL EMAIL ADDRESS WHEN APPLYING. PLEASE DO NOT USE A UNIVERSITY-LINKED EMAIL WHICH MAY STOP WORKING ONCE YOU COMPLETE YOUR BACHELOR DEGREE.
English Language requirements
Please check requirements for your subject and level of study.
How to apply
Fees and Funding
Fees and Funding
Full Time Fees
|EU Student||£13,000.00 per year|
|Home Student||£13,000.00 per year|
|Island Student||£13,000.00 per year|
|International non-EU Student||£21,500.00 per year|
The tuition fees shown are for one complete academic year of full time study, are set according to the academic year of entry, and remain the same throughout the duration of the programme for that cohort (unless otherwise stated).
Please also check costs for colleges and accommodation.