The aim of this course is to provide you with the appropriate advanced level skills and knowledge which will enable you to contribute to the needs of this growing and sophisticated banking and finance sector. On completion of the course you will be able to apply general banking requirements together with the specific requirements of Islamic banking and finance products and services.
You will be equipped with the advanced level skills and understanding necessary to effectively and efficiently perform tasks relevant to the organisation or organisations involved with Islamic banking and finance services. You will learn to develop your ability to work effectively in teams and independently, to evaluate critically, think creatively and communicate effectively with respect to issues in general, commercial and Islamic banking and finance; and to recognise good practice in the analysis, planning and management of general, commercial and Islamic banking and finance products and services.
You'll also develop an advanced level understanding of research methods and their application to a wide range of general, commercial and Islamic banking and finance problems.
Semester 1
Accounting and Finance
Gain a critical perspective of theoretical and practical issues in accounting and learn to distinguish between and evaluate the trading characteristics and capital raising abilities of sole traders, partnerships, limited and public limited companies. You will apply and evaluate tests of profitability and solvency to a range of trading organisations and learn to interpret, evaluate and criticise accounting regulation, especially in relation to International Financial Reporting standards (IFRS).
You will also learn to apply and evaluate the principles of financial management and develop the expertise to evaluate the relationship between an organisation’s context and its corporate financial decisions in the real world.
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International Financial Management
Examine the impact of such factors as exchange rates, inflation rates and interest rates on the performance of firms and assess their significance in decision making in an international/global context.
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Semester 2
Risk, Regulation and Compliance
Learn to employ critical reflection and thinking regarding domestic and international regulatory frameworks for financial and non-financial companies. You will also develop an understanding of the economics of regulation and the problems of compliance.
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Islamic Financial Markets, Instruments and Products
Learn to define the scope and significance of the basic principles underpinning Islamic finance and gain a firm knowledge of the working of the Islamic financial system, with particular emphasis on the theory and practice of the financial markets, institutions, traded instruments and principles guiding the operation of Islamic transactions. You’ll gain an understanding of the principles of Islamic banking and become able to apply principles of Islamic law and developing banking products and services. You will learn to apply critical frameworks that will enable you to distinguish between permissible Islamic products and services and conventional banking products and services.
This module will also develop your awareness of contemporary research issues and encourage your efforts to undertake further research.
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Semester 3
Business Innovation Project
Choose one from:
- Six Month Work Placement: an integrated period of work-based learning in a suitable organisation, as agreed by Salford Business School
- Assessed Internship: a one-to-three month monitored work or service/volunteer experience agreed by Salford Business School, in which you will have specified learning goals and will need to actively reflect on what is being learned throughout the experience
- Live Project: work as part of a team on a project provided by a UK or international business organisation. The allocation of teams and responsibilities will be dependent on the type of organisation
- Dissertation: a conventional dissertation of 12,000 to 15,000 words, consisting of research question, aims and objectives, rationale for undertaking the study, literature review, research methodology, analysis of findings, conclusions and recommendations
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Part-time
If you are on the part-time course, you will be able to register for individual modules as part of CPD. The following is an example of how the course could be taken on a part-time basis over three years.
Year 1
Semester 1
Accounting and Finance - 30 credits
Semester 2
Risk, Regulation and Compliance - 30 credits
Year 2
Semester 1
International Financial Management - 30 credits
Semester 2
Islamic Financial Markets, Instruments and Products -30 credits
Year 3
Semesters 1 & 2
Business Innovation Project