Islamic Banking and Finance
School - Salford Business School
Subject area - International Finance, Accounting and Economics
Start Date(s): September; January; March; June; November; July
MSc (one year full-time or two years part-time)
PgDip (eight months full-time or two years part-time)
PgCert (four months full-time, one year part-time)
2019-20 fees will be displayed shortly.
Part-time - £1,425 per 30 credit module
UK - £8,550
International - £14,400
- Gain the essential skills required to work in Islamic banking, one of the fastest-growing sectors in the financial world
- Strengthen your knowledge with modules focused on Islamic banking and ethical banking practices
- Put management theory into real practice with an exciting Industry Collaboration Project
- Part-time study option
- Overseas study available
- Work/industrial placement opportunity
- International students can apply
You will gain the necessary skills and knowledge required to work in this growing and sophisticated banking and finance sector. Against a background of ethical finance and sustainability, you will look at understanding, applying and critically assessing modern corporate governance, modern capital structure theory, its relevance to the structure of contemporary business environments and how this impacts the returns achieved by investing in modern firms.
In light of the recent financial crisis, you will look at the critical role played by complex financial instruments in the management of risk and the need for financial engineering skills. You will also develop your skills in financial analysis to forecast future investment opportunities and devise strategies to minimise the risks associated with equity valuation and issuance of equity in different sectors of the economy. This programme will prepare you to sit the CFA exams.
On completion of your programme you will be able to effectively perform relevant ethical 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.
I attended the Global Ethical Finance Forum (GEFF) 2017 along with our Module Leader. The forum is a response to the growing interest in collaboration and convergence across the sphere of ethical finance.
Just a few years after the Financial Crisis, ethical finance is on track to developing its global value proposition. There is a unique opportunity for ethical finance players in developed markets to connect with the Islamic/faith-based financial sector which enjoys a strong foothold in Muslim-majority emerging markets.Ma’asoom Mahmood, MSc Islamic Banking and Finance, 2017-18
The course is delivered in four blocks of intensive study periods. For each block, you study a single module for a 6 week period. Face to face teaching is delivered on campus for two half days each week. In addition, you will attend the taught element of the Industry Collaboration Project each Wednesday afternoon during the 6 week blocks. During this period, you will also undertake independent study in your own time with online support through the University’s virtual learning environment, Blackboard.
Part time students study alternate modules (one module on, one module off) to complete their degree in two years.
For the final third of your studies, you will work on your Industry Collaboration Project, working with your own or another organisation on a live brief.
Semester 3Industry Collaboration Project (ICP)
This module accounts for the final 60 credits of your degree and gives you the opportunity to examine an issue that is important to an organisation. The Industry Collaboration Project offers four different options: a Work Placement, a three month Internship, the applied Dissertation and, from September 2019, the Entrepreneurship path. You will be allocated a supervisor to mentor you through your chosen project and receive support wherever necessary from the Salford Business School Employability Team. For all options students are encouraged to address a real organisational issue, and to disseminate their work to a wider audience, meaning that you can create real impact through your Industry Collaboration Project.
Through this option, along with applying your theoretical knowledge from the taught elements of the programme, you will develop the transferable skills and qualities required for entrepreneurial behaviour and work on your own innovative business idea. You will reflect on business opportunities, challenges and strategies with the aim of establishing a new businesses, or incorporating entrepreneurial thinking into the management of an existing organisation. The three month Entrepreneurship path will be assessed through the development of an Initial Business Proposal and an 8,500 word Comprehensive Business Proposal accompanied by a 30 minute presentation.