The MSc in Islamic Finance is a specialized program that teaches qualitative and quantitative methods of analysis in both Islamic and conventional finance. The mixed philosophy of the program enables graduates to attain the skills needed to understand the global financial system, and proposes viable alternatives to existing models, by blending guidance from Shari’a with modern scientific knowledge and the techniques of economics and finance.

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Requirements

Minimum hours required to complete program 36 CH

Course List

Code	Title	Hours
Common Core Courses
ISF 605	Research Methods	3
IFI 605	Islamic Financial Contracts	3
IFI 607	Islamic Banking and Financial Markets	3
IFI 615	Islamic Corporate Finance and Financial Engineering	3
Subtotal		12
Concentrations
Select one of the following Concentrations:		6
Concentration 1: Sustainable Finance
Concentration Core Courses:
IFI 702	Sustainable Finance & Impact Investing
IFI 703	Islamic Economics and Sustainable Development
Concentration 2: Islamic Finance
Concentration Core Courses:
IFI 701	Analysis of Financial Statements with Applications to Islamic Banks
IFI 707	Islamic asset, Funds & Portfolio Management
Subtotal		6
Elective Courses
Select three of the following		9
ISF 602	Principles and Objectives of Islamic Law
IFI 606	Islamic Economics and Development in Theory and Practice
IFI 608	Strategic Management in Islamic Finance
IFI 691	Internship
IFI 704	Applied Quantitative Methods in Islamic Finance
IFI 706	Independent Studies
IFI 709	Behavioural Islamic Economics & Finance
IFI 710	Fintech and its Islamic Finance Applications
IFI 800	Circular Economy and Comprehensive Development: An Islamic Perspective
IFI 801	Entrepreneurship, Ethics and Sustainability
IFI 803	Islamic Financial Structuring: Strategies and Contracts
IFI 810	Advanced Corporate Finance and Investment
IFI 811	Advanced Topics in Micro and Macro Economics: Islamic Perspectives
IFI 812	International Islamic Economic and Financial Relations
IFI 813	Islamic Social Finance and Empowerment
IFI 814	Islamic Economic History and Thought
IFI 815	Governance Legal and Regulatory Issues of Islamic Financial Institutions
IFI 816	Advanced Risk Management of Islamic Financial Institutions
IFI 817	Financial Analysis and Portfolio Modelling
Subtotal		9
Thesis
IFI 695	Master's Thesis Hours	1-6
Subtotal		9
Non-Course Requirements
699	Thesis Defense	0
Total		36

Study Plan

Concentration 1: Sustainable Finance

Plan of Study Grid

First Year
First Semester		Hours
ISF 605	Research Methods	3
IFI 607	Islamic Banking and Financial Markets	3
IFI 615	Islamic Corporate Finance and Financial Engineering	3
	Semester Hours	9
Second Semester
IFI 605	Islamic Financial Contracts	3
IFI 702	Sustainable Finance & Impact Investing	3
IFI 703	Islamic Economics and Sustainable Development	3
	Semester Hours	9
Second Year
First Semester
IFI 695	Master's Thesis Hours	3
Elective 1		3
Elective 2		3
Elective 3		3
	Semester Hours	12
Second Semester
IFI 695	Master's Thesis Hours	6
	Semester Hours	6
	Total Hours	36

Concentration 2: Islamic Finance

Plan of Study Grid

First Year
First Semester		Hours
ISF 605	Research Methods	3
IFI 607	Islamic Banking and Financial Markets	3
IFI 615	Islamic Corporate Finance and Financial Engineering	3
	Semester Hours	9
Second Semester
IFI 701	Analysis of Financial Statements with Applications to Islamic Banks	3
IFI 605	Islamic Financial Contracts	3
Elective 1		3
	Semester Hours	9
Second Year
First Semester
IFI 707	Islamic asset, Funds & Portfolio Management	3
IFI 695	Master's Thesis Hours	3
Elective 2		3
Elective 3		3
	Semester Hours	12
Second Semester
IFI 695	Master's Thesis Hours	6
	Semester Hours	6
	Total Hours	36