Taught course

Islamic Accounting and Finance

Institution
Staffordshire University · Business, Leadership and Economics
Qualifications
MSc

Entry requirements

A 2:2 classification or above in a UK undergraduate degree or equivalent in the area of accounting.

A 2:1 classification or above in an undergraduate degree in business with evidence of successful attainment of accounting modules.

Professionally qualified/part qualified (ACCA/CIMA or similar).

Evidence of satisfactory English language skills for candidates where English is not their first language, such as IELTS 6.0 or above (which should include a minimum score of 5.5 for the writing and listening modules).

Months of entry

September

Course content

The MSc Islamic Finance programme provides you with an opportunity to study the success of Islamic finance, particularly in the current economic climate, to evaluate its principles and understand its unique approach to finance for today’s businesses and society.

Unlike the tumultuous recent experiences of banking sectors in Europe, USA and many other parts of the world, the Islamic finance and banking industry has been growing at annual rates of 15-20% over the last decade and is expected to continue in the foreseeable future. Islamic finance and banking has demonstrated itself to be a serious contender to replace much of the conventional banking and finance industry around the world. At the end of 2015, the global Islamic Finance Services industry was valued at US $2.1 trillion with expectations of market size to grow to US $3.4 trillion by the end of 2018. The supply of qualified professionals to take up careers in this industry falls significantly short of demand.

The success of the Islamic finance is mainly due to a sound theoretical foundation based on the following principles:

  • Rigorous ethical principles

  • Interest-free banking

  • A system based on real asset and real business transactions and NOT on high speculation and high risk activities

Qualification and course duration

MSc

full time
12 months

Course contact details

Name
Enquiries Team
Email
enquiries@staffs.ac.uk
Phone
+44(0) 1782 294400