Finance and Law with Islamic Finance MSc

12 months full time


Fees per academic year 2014-15

UK and EU: full time £8,500
International: full time £16,475

More information is available about tuition fees and discounts.

**Please note that we are no longer accepting applications for 2015 entry**

Programme Overview

This interdisciplinary programme aims to equip you with a good understanding of conventional financial theory and knowledge of the basic legal tools employed in financial regulation. It also provides an introduction to Islamic finance which uses a different model for banking and finance that eliminates many of the practices that appear to have contributed to the recent banking crisis.

Run in partnership with the Newcastle Law School, this MSc is driven by the need for a programme that develops understanding of cultural, behavioural and legal issues in finance as well as the technical qualitative aspects of finance.

Through the programme you will develop:

• an advanced understanding of the operation of banks, financial markets and investors as well as the banks’ role in a modern economy
• in-depth understanding of current research and scholarship on banking and finance theory as well as the principles of Islamic economics
• the skills required to generate solutions and communicate the results to others in a clear, concise and professional manner
• an understanding of the cultural, behavioural and legal issues in finance as well as its more technical quantitative aspects
• awareness of ways in which to minimise legal and regulatory risks when developing an Islamic finance capability

The UK has become a leading centre of expertise on Islamic finance as governments and mainstream financial institutions look to Islamic finance as an alternative route to capital raising and business and personal finance. This programme offers you an opportunity to develop the necessary knowledge and skills to succeed in this expanding area.


Newcastle University Business School is accredited by the:

Only 1% of business schools worldwide hold this triple crown and we are one of only 20 to have these accreditations in the UK.

Our accreditations reflect the investments we make for our students through providing a high quality teaching environment, innovative programming and active engagement with industry.


You take compulsory modules that equip you with a good understanding of the conventional finance industry, as well as the main principles and practices of Islamic finance.

The topic for your dissertation is normally based on an interest you have developed during the course and may have an Islamic finance or a conventional finance focus.

Find out more detailed information about the programme modules

+Entrance Requirements

An upper-second-class Honours degree, or international equivalent, preferably in business, finance, law, geography or politics. We will also consider applicants on an individual basis with a lower qualification or a degree in another subject.

Applicants whose first language is not English require IELTS 6.5 (with a minimum of 6.0 in all sub-sections),  TOEFL 90 (Internet-based), Pearson's PTE Academic Test 62 or equivalent.

Our INTO Newcastle University Centre can provide extra tuition to help you meet the University's English language requirements.

The UK Border Agency (UKBA) has rules for international students regarding minimum English language requirements.

+Scholarships and Other Sources of Funding

International Students, consult your own government for funding. The University offers International Scholarships, and there are funding opportunities by external organisations available.

Students should consult their employers for sponsorship opportunities.

More information on scholarships, studentships, bursaries and other funding is available from our database.

+How to Apply

**Please note that we are no longer accepting applications for 2015 entry**

+Further Information

For further information please contact:
Postgraduate Office
Newcastle University Business School
Telephone: +44 (0) 191 208 1503

Subject Overview

This programme is within the subject area of Finance and Accounting