The MSc Islamic Finance programme provides you with an opportunity to study the success of Islamic finance, particularly in the current economic climate, to evaluate its principles and understand its unique approach to finance for today’s businesses and society.
Europe, USA and many other parts of the world have been in deep recession since 2008. This recession is mainly caused by the collapse of the conventional banking and finance model operated in most parts of the world.
The Islamic finance and banking industry has been growing at annual rates of 15-20% over the last decade and is expected to continue in the foreseeable future. Islamic finance and banking has demonstrated itself to be a serious contender to replace much of the conventional banking and finance industry around the world. At the end of 2011 the global Islamic finance services industry was valued at USD 1.4 trillion. The supply of qualified professionals to take up careers in this industry falls way short of demand.
The success of the Islamic finance is mainly due to a sound theoretical foundation based on the following principles: -Rigorous ethical principles -Interest-free banking -A system based on real asset and real business transactions NOT on high speculation and high risk activities
This programme provides you with a solid foundation in Islamic Finance and prepares you for the Chartered Institute of Management Accountants (CIMA) Diploma in Islamic Finance. The first part covers the core discipline of accounting and finance. The second part focuses on Islamic Finance.
-Compulsory Modules -Financial Reporting and Analysis -Management Control and Internal Audit -Advanced Corporate Finance -Business Management Research -Islamic Investment and Financing -Islamic Commercial Law (Shari'ah) -International Finance -Investment Game -Dissertation
A 2:2 classification or above in a UK undergraduate degree or equivalent in the area of accounting. A 2:1 classification or above in an undergraduate degree in business with evidence of successful attainment of accounting modules. Professionally qualified/part qualified (ACCA/CIMA or similar). Evidence of satisfactory English language skills for candidates where English is not their first language, such as IELTS 6.0 or above (which should include a minimum score of 5.5 for the writing and listening modules).
Recipient: Staffordshire University
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