MSc Finance & Law with Islamic Finance

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Programme description

In light of the current economic climate, regulation and regulators have been in the spotlight as never before. The role and work of both financial regulators and compliance staff has received increased attention and scrutiny.  Growth is occurring in these two sectors as governments and private organisations look to gain a greater understanding of how to create a more stable and robust financial industry moving forward.

Run in partnership with the School of Law, the MSc Finance and Law with Islamic Finance introduces how Islamic banking represents a different model for banking and finance that is seen to eliminate the practices that appear to have contributed to the recent financial crisis. The programme aims to provide students with a broad understanding of financial theory, law and regulation (within a non –Islamic context), while offering students the opportunity to develop a better understanding of how Islamic finance differs from the ‘traditional’ banking and finance models on offer.

Who is the programme for?

The programme is particularly suited to candidates interested in pursuing a career in:

  • The rapidly growing worldwide Islamic finance industry, either in an Islamic financial institution or in a mainstream “conventional” financial institution which offers Shari’ah compliant products and services;
  • Financial regulation with a national or supranational financial regulator;
  • Government ministries of finance or financial regulatory agencies in a country with an emerging Islamic finance industry; and
  • Regulatory consultancy.  

Practical skill development

On a professional level, students will develop the ability to research, synthesize and present arguments based on complex and new material.

Programme structure

The programme is modular in structure, comprising 180 credits, which are studied on a full-time basis over 12 months.

Compulsory modules (130 credits) include:

Candidates shall take further optional modules to a value of 50 credits from the following:

Lecturer profile

Dr. Abdul Karim Aldohni is the author of ‘The Legal and Regulatory Aspects of Islamic Banking: a comparative look at the United Kingdom and Malaysia’ and the convenor of the Islamic finance components of this programme: 

‘MSC Finance and Law with Islamic Finance widens the scope of students’ understanding of finance and banking in general and provides students with the required foundation to understand the Islamic finance sector from a legal and regulatory perspective’.

Entry Requirements

Candidates are required to hold a minimum upper second class first degree (2:1) or overseas equivalent, in a related subjected area. For example: Business, Law or Finance. Candidates from other disciplines will also be considered.  Candidates must also have a basic level of numeracy which is equivalent to the UK GSCE Grade B in Mathematics.

Applicants who hold non-standard qualifications, and/or have an appropriate level of relevant experience, will be encouraged to apply and considered on an individual basis.

Applicants whose first language is not English require IELTS 6.5 or equivalent, with no less than 6.0 in any element.  Pre-sessional courses in English language are provided by the University if required and successful completion of these may be a condition of entry.

Fees

Fees per academic year 2012-13

UK/EU: full time £8,500

International: full time £15,900

Please refer to our Tuition Fees section for information about changes to fees and fee discounts

Related Programme of Interest:

MSc Finance and Financial Regulation