Taught course

Islamic Banking and Finance

University of South Wales · University of South Wales

Entry requirements

A minimum 2:2 Honours degree or an equivalent international qualification may also be acceptable.

Months of entry


Course content

The MSc Islamic Banking and Finance addresses the lack of experts trained in Islamic finance, an industry which is experiencing growth rates of approximately 15-20% per annum. The predictions from rating agency Standard and Poor's suggest that the total number of assets controlled by Shariah compliant institutions could exceed $4 trillion.

Its performance in the current recessionary climate is a good indicator of the viability of Islamic Finance on a global scale with also Western banks opening Islamic windows. Moreover, Governments around the world are introducing new bills to incorporate Islamic banks into their financial systems.

The MSc Islamic Banking and Finance will provide the knowledge and analytical skill to explore and explain the principles and practices of Islamic banking and finance. A comprehensive understanding of the financial, economic and legal environments in which Islamic banking operates.

Students will be involved in the critical evaluation and understanding of Islamic financial instruments and risk management issues and examine the role of the capital market and its role in providing Islamic finance.

You will normally study six modules, made up of three distinct core modules with another three elective modules plus a dissertation.

Core Modules include:
- Islamic Banking and Finance (20 Credits)
- Critical Issues in Islamic Banking (20 Credits)
- Research Methods in Acc. & Finance (20 Credits)

Option Modules include:
- Corporate Finance (20 Credits)
- Corporate Governance (20 Credits)
- Multinational Operations in Finance and Banking (20 Credits)
- Economic Development (20 Credits)
- International Financial Services Regulations (20 Credits)

Successful completion of the taught section allows progression to the Dissertation (60 credits).

A range of educational methods is used, such as lectures, group discussions, case study workshops, individual investigative projects and a variety of audio and visual methods. Separate induction and dissertation preparation sessions will also be held.

At present we are planning to develop a trading room to give students hands-on experience of finance markets in a real-life setting.

Fees and funding

For full information, please visit www.southwales.ac.uk/money

Qualification and course duration


full time
12 months

Course contact details

Enquiries and Admission Unit
08455 194 787