Taught course

Islamic Accounting and Finance

Institution
Staffordshire University · Faculty of Business, Education and Law
Qualifications
MSc

Entry requirements

At least 2:2 UK Hons degree or equivalent in the area of accounting. A 2:1 or above first degree in business with evidence of successful attainment of accounting modules. Provide 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

Europe, USA and many other parts of the world have been in deep recession since 2008. This recession is mainly attributed to the collapse of the conventional banking and finance model operated in most 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 2011, the global Islamic finance services industry was valued at USD 1.4 trillion. The supply of qualified professionals to take up careers in this industry falls way 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 NOT on high speculation and high risk activities.

The MSc Islamic Finance programme provides 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.

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