You will gain the necessary skills and knowledge required to work in this growing and sophisticated banking and finance sector.
On completion of your programme you will be able to effectively perform relevant banking and finance tasks, including specific requirements of Islamic banking, financial products and services.
You will also learn to be effective, working independently and as part of a team, while critically evaluating and developing good practice in the planning and management of general, commercial and Islamic banking and financial products and services.
The programme is block delivered and there are six entry points per year. Students will take the modules below in a sequence dependent on their start date.This course has been designed to provide you with necessary skills and in-depth knowledge required to work in this growing and sophisticated Islamic banking and finance sector. Specifically the course will:
You will gain a detailed understanding of the scope and significance of the basic principles which underpin Islamic economic laws and financial activities, including Islamic banking systems and the concepts of ethics, justice and fairness as guiding principles in the operation of Islamic transactions.
You will also undertake a critical analysis of Islamic financial instruments and their roles in promoting efficiency in the Islamic financial markets, and the application of critical frameworks which distinguish between permissible Islamic products and services, and conventional banking products and services.
Flexible Final Study Options
Salford Business School has one of the most flexible suites of postgraduate taught courses in the UK. For the final third of your studies you can choose from 4 differing pathways, all of which are designed to accommodate your career aspirations and enhance your professional practice:
If you are on the part-time course, you will be able to register for individual modules as part of CPD. The following example shows how the course could be taken on a part-time basis over two years:
International Financial Management
Normally a minimum 2:2 honours degree or equivalent or successful completion of the Graduate Certificate International Management.
A wide range of professional qualifications are also accepted either in partial or complete fulfilment of entry requirements.
Where a student has gained a recognised Honours degree but does not meet the normal entry qualification requirement, they may still be considered for entry if they can demonstrate relevant work experience of a minimum two years duration post study and acceptable level of responsibility.
In the case of non-graduates please look at APEL.
We welcome applications from students who may not have formal/traditional entry criteria but who have relevant experience or the ability to pursue the course successfully.
The Accreditation of Prior Learning (APL) process could help you to make your work and life experience count. The APL process can be used for entry onto courses or to give you exemptions from parts of your course.
Two forms of APL may be used for entry: the Accreditation of Prior Certificated Learning (APCL) or the Accreditation of Prior Experiential Learning (APEL).
AP(E)L requirements and contact:
In exceptional cases work experience may be accepted as a substitute for formal qualifications. Appropriately experienced applicants will be considered in line with the University's Accreditation of Prior Learning (or experiential learning) procedure (APL/APEL).
For admission to programmes of study at the University an applicant whose native tongue is not English must possess a current qualification deemed acceptable by the University as evidence of proficiency in the English Language. For entry to level 4, 5, 6, or 7 such a qualification must equate to a minimum average score of 6 or above (and for each component 5.5 or above) from the Cambridge/British Council English Language Testing Service (IELTS) or alternative examinations as recognised by the University.
International applicants will be required to show a proficiency in English. An IELTS score of 6.5 (no element below 5.5) is proof of this.
This course is ideal for graduates who want to establish a career in finance or banking while gaining a detailed understanding of the scope and significance of the key principles of Islamic economic laws and financial activities.
You may come from the fields of economics, finance, accounting, mathematics or business studies, or have relevant work experience. We are also interested in scholars from wider social sciences who want to build a new set of skills and knowledge in this culturally-diverse sector. We are specifically looking for students who want to develop an understanding and career in this emerging banking sector, the corporate sector or financial industries.
The course is delivered in four blocks of three day intensive study periods, followed by independent study and online support through the University’s virtual learning environment, Blackboard. Each module is taken and assessed over a six week block. Teaching is delivered through a combination of lectures, seminars and tutorials, using a wide range of learning activities.
Over the duration of your course a range of assessment techniques will be used.
Types of assessment include:
The weighting between exams and coursework varies between modules and years, but exams still play a major role.
Dr Nazam Dzolkarnaini
Lecturer in Accounting & Finance
Nazam is an experienced practitioner and Lecturer in Accounting and Finance specialising in Corporate Finance, Islamic Finance and Corporate Financial Reporting modules on the postgraduate courses. He is currently working on several research projects in the areas of capital structure, corporate governance and Islamic finance. He was made the Vice-Chancellors Early Career Research scholar in 2009. He sits on the Editorial Advisory Board of the International Journal of Excellence in Islamic Banking and Finance. He is also an ad-hoc reviewer for several journals, books and conference papers.
He is a member of the New Zealand Institute of Chartered Accountants and the Certified Financial Planner Board of Standard Inc., USA. He is also a Fellow of the UK Higher Education Academy.
On completion of the course you will be well-prepared to find opportunities with banking and finance organisations which are developing their Islamic banking capabilities.
This is a relatively new and emerging banking industry in the West, characterised by the necessity for in-depth knowledge of banking, along with a detailed knowledge of the complexities of banking in the Islamic financial sector.
This course is an ideal choice if you are interested in a career in financial institutions, management consulting, or government bodies. You will have an excellent opportunity to secure a rewarding role in Islamic banking and finance in business or consulting. It also prepares you for academic research in Islamic banking and finance.
On completing the course you will be qualified to pursue a career with Islamic financial Institutions and regulatory agencies, and also with multinational investment banks as experts in their fields. Modern employers pay a high premium for graduates with expertise in this growing field, and you stand to significantly enhance your earnings in this high-demand sector.
Our graduates have gone on to join leading Islamic banking institutions in both the UK and internationally in regions including the Gulf States. There are also opportunities to join consultancy and service providers, insurance firms, and the academic community.
Potential job roles include:
Our course team maintains excellent relations with local, national and international organisations, commentators and employers.
Our teaching is industry-led, inspired by contemporary practice and developed in partnership with business leaders. Our academics are experts in their field and work closely with industry to ensure that our courses reflect the needs of business and provide our students with that extra edge when it comes to securing a job.
Our part-time students are drawn from a wide range of public, private and third sector organisations, allowing you to enjoy highly valuable networking opportunities.
Salford Business School also operates a guest lecture course which allows you the chance to mix with professionals from industry, make connections, set up placements and conduct research.
Research in Salford Business School is coordinated by Professor Jim Yip, Pro-Vice Chancellor (Research & Innovation). You can find more information and contact details here.
|Type of Study||Fee|
|Part-time||£1,295 per 30 credits|
|Full-time International||MSc £11,995; PgDip £8,195; PgCert £4,195|
|Type of Study||Fee|
|Part-time||£1,250 per 30 credits|
|Full-time International||£13,300, part-time £2,217 per 30 credits|
You should also consider further costs which may include books, stationery, printing, binding and general subsistence on trips and visits.
We offer awards to help you study through our:
There are also other sources of funding available to you.
For more information please see our funding section
Salford Business School is located at the heart of the University’s Peel campus in the newly refurbished Lady Hale and Chapman Buildings, both offering state-of-the-art facilities for the Business School’s student learning community and situated just minutes from Manchester city centre.
Chapman is a stylish modern space with six lecture theatres equipped with the very latest technology and large screen displays, a series of communal learning and breakout spaces, plus a Fairtrade café with panoramic views across the campus.
Lady Hale is the home to all dedicated business school student support including the school office, an employability hub, a base for the Business School society, and several open study spaces.
MediaCityUK is a vibrant place in which to live, work, socialise and study. Home to major BBC and ITV departments, the University of Salford and over 80 businesses across the creative and digital sectors, MediaCityUK is recognised as one of the most innovative developments in Britain.
Start Dates: September; January; March; June; November; July