Islamic Finance MSc | Coventry University
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Islamic Finance MSc 2018/19 entry

Course code:

FBLT016

Study options:

1 year full-time, 2 years part-time

Location:

Coventry University

Starting:

September 2018

 

Fees:
Faculty:

Get in touch

For questions regarding study and admissions please contact us:


+44 (0) 24 7765 2152


Overview

The Islamic Finance MSc course is a distinctive course which combines the knowledge and understanding of concepts and theories in conventional and Islamic Finance with a strong quantitative skills toolkit necessary for managing and evaluating business finance and banking in the light of Islamic rules and regulations.

Why Coventry University?

An award-winning university, we are committed to providing our students with the best possible experience. We continue to invest in both our facilities and our innovative approach to education. Our students benefit from industry-relevant teaching, and resources and support designed to help them succeed. These range from our modern library and computing facilities to dedicated careers advice and our impressive Students’ Union activities.

Global ready

An international outlook, with global opportunities

Employability

Career-ready graduates, with the skills to succeed

Student experience

All the support you need, in a top student city

What our students say...

From student’s perspective, the proposed programme is interesting for several reasons. Firstly, it would communicate in-depth knowledge in key areas of Islamic Finance and would equip students with adequate basics in conventional Finance to cope in the world of work. Secondly, it would not only foster student’s occupational career, but would give them the framework to utilise their potentials. Finally, it provides a platform on which students could get in touch with industry practitioners and active researchers.

Course information

The MSc Islamic Finance degree is a distinctive course that seeks to develop in-depth knowledge and understanding of both Islamic and mainstream finance.

The programme is designed to equip professionals with skills necessary to succeed in modern business and finance institutions in light of financial and Islamic rules and regulations. Overall, the course strives to provide students with an international outlook in the dynamic global financial market.

The first stage of the course aims to equip students with theoretical and applied knowledge in Islamic finance and Corporate finance. The Islamic Capital Markets module will train students to successfully manage money, capital market instruments and investments in the context of Islamic rules and regulations. Additionally, quantitative methods will be studied to help students understand and apply the quantitative techniques commonly used by financial analysts, economists and individual investors.

The second stage of the course will cover Islamic banking in which students will look at the theoretical and operational differences between Islamic and conventional banks.  Islamic insurance, known as Takaful is also studied to provide comprehensive knowledge and training in Islamic risk management. Additionally, a module on Governance, Accountability and Ethics ensures students are able to understand and analyse key issues in corporate governance applicable to various organisations. Students will also have an option to choose between either Behavioural Finance or Financial Statement Analysis depending on their personal choice and preferred career path. Furthermore, a module on Global Professional Development will be taught which will help students to further enhance their employability skills.

In the final stage of the course, students have the opportunity to either conduct a traditional research dissertation or undertake an internship project.

Modules

Overview

This course includes the Global Professional Development module. Each of the participating postgraduate courses have an individually tailored version of the Chartered Management Institute (CMI) Global Professional Development module.

Overall, the course strives to provide students with an international outlook in the dynamic global financial market.

Modules

  • Semester 1

    • Islamic Finance and Economics
    • Islamic Capital Market
    • Corporate Finance
    • Quantitative Methods

  • Semester 2

    • Islamic Insurance
    • Islamic Banking
    • Governance, Accountability and Ethics
    • Global Professional Development

    Optional modules (1 of the following):
    • Behavioural Finance
    • Financial Statement Analysis

  • Semester 3

    Dissertation or Company Internship

In more detail...

Your main study themes are:

  • Islamic Finance and Economics
  • Islamic Capital Market
  • Corporate Finance
  • Quantitative Methods
  • Islamic Insurance
  • Islamic Banking
  • Governance, Accountability and Ethics
  • Global Professional Development

The course will be taught using an array of teaching methods including lectures, seminars, trading floor workshops and will utilise numerous case studies set within a global context to enable you to see the application of Islamic Finance and Banking in an international context.



Assessments will take place throughout the course both formatively (in which you will be provided feedback on your progress) as well as summatively through assignments and end of semester examinations.

On successful completion, you should be able to:

  • Critically understand the differences between conventional and Islamic Finance theories, models, tools and practices and their application to local and global real-world contexts.
  • Research, analyse and evaluate contemporary literature and data to exercise judgment in the selection of appropriate financial management concepts and tools for both conventional and Islamic Finance organisational tasks.
  • Demonstrate critical understanding of the impact of market behaviour and diverse environmental variables on the Islamic Banking and/or Finance sector and implications for associated corporate financial management, products and services.
  • Critically examine and assess dimensions of risk, structures, governance, regulation and prohibited elements from an Islamic Finance perspective to design and formulate independent research and conclusions.
  • Identify, extract and interpret information and data from multiple sources to support and justify the construction of financial frameworks, policies and strategies.
  • Sensitively articulate and debate legal, ethical, competitive and sustainability issues related to the discipline and demonstrate creativity in solving niche and ambiguous problems for individuals or corporations.
  • Employ intercultural skills to work effectively within diverse teams and negotiate multiple perspectives to formulate and apply appropriate and successful financial strategies.
  • Demonstrate knowledge and understanding of the principles of consultancy and the theories and practices found in leadership.

In a typical teaching week, you will have up to 13 ‘contact’ hours of teaching. This generally breaks down as:

  • Personal tutorial/small group teaching: 5 hours of tutorials or, later, project supervision, each week.
  • Large group teaching: 8 hours of lectures each week.

In addition, you will be expected to undertake a further 25 hours of self-directed studying and revising in your own time each week, including some guided study using handouts, online activities etc.

There may be an opportunity to engage in an OIL (Online International Learning) project with one of our overseas partners in Malaysia.

Global ready

Did you know we help more students travel internationally than any other UK university according to data from the experts in higher education data and analysis, HESA?

In 2014/15, we were able to provide a total of 2,264 student experiences abroad that lasted at least five days, 73% of which were our own organised trips for undergraduates and 27% from postgraduate travel. Plus, we've been able to help more than 5,000 students spend time in other countries, from America to China, India and beyond.

Much of this travel is made possible through our Global Leaders Programme, which enables students to prepare for the challenges of the global employment market, as well as strengthening and developing their broader personal and professional skills.

Explore our international experiences

1st for

international experiences

Sending more students overseas than any other UK uni (HESA)


2,264

Student experiences

The number of student trips abroad for at least 5 days in 2014/15



12,000

and counting

The number of students we’ve helped travel internationally so far

21

global programmes

As well as trips, we offer other opportunities like language courses


What our students say...

From student’s perspective, the proposed programme is interesting for several reasons. Firstly, it would communicate in-depth knowledge in key areas of Islamic Finance and would equip students with adequate basics in conventional Finance to cope in the world of work. Secondly, it would not only foster student’s occupational career, but would give them the framework to utilise their potentials. Finally, it provides a platform on which students could get in touch with industry practitioners and active researchers.

Entry Requirements

You should hold a good honours degree in a relevant academic discipline.

Applications from candidates with relevant experience will be considered on an individual basis.

You should hold a good honours degree in a relevant academic discipline.

Applications from candidates with relevant experience will be considered on an individual basis.

English as a Foreign Language: This course requires IELTS of 6.5 overall. Pre-sessional English is available if required.

Our International Student Hub offers information on entry requirements for your country, as well as contact details for agents and representatives should you need more advice.

More detail

You should hold a good honours degree in a relevant academic discipline.

Applications from candidates with relevant experience will be considered on an individual basis.

English as a Foreign Language: This course requires IELTS of 6.5 overall. Pre-sessional English is available if required.

Our International Student Hub offers information on entry requirements for your country, as well as contact details for agents and representatives should you need more advice.

More detail

What our students say...

From student’s perspective, the proposed programme is interesting for several reasons. Firstly, it would communicate in-depth knowledge in key areas of Islamic Finance and would equip students with adequate basics in conventional Finance to cope in the world of work. Secondly, it would not only foster student’s occupational career, but would give them the framework to utilise their potentials. Finally, it provides a platform on which students could get in touch with industry practitioners and active researchers.

Tuition Fees

We pride ourselves on offering competitive tuition fees which we review on an annual basis and offer a wide range of scholarships to support students with their studies. Course fees are calculated on the basis of what it costs to teach each course and we aim for total financial transparency.

Starts

Fee


September 2018

£10,650 (per year)


Scholarships

If you're a truly outstanding undergraduate candidate we may be able to offer you a Coventry University Scholarship. Coventry University Scholarships are awarded to recognise truly exceptional sports achievement and academic excellence.

Starts

Fee


September 2018

£10,650 (per year)


Scholarships

For the September 2017 and January 2018 intakes, we're investing £1 million into scholarships for high achieving and enterprising students.

Our scholarships are worth up to £10,000 and every student that applies will be considered. Fulfil your potential this academic year with Coventry University!

Starts

Fee


September 2018

£15,050 (per year)


Scholarships

For the September 2017 and January 2018 intakes, we're investing £1 million into scholarships for high achieving and enterprising students.

Our scholarships are worth up to £10,000 and every student that applies will be considered. Fulfil your potential this academic year with Coventry University!

What our students say...

From student’s perspective, the proposed programme is interesting for several reasons. Firstly, it would communicate in-depth knowledge in key areas of Islamic Finance and would equip students with adequate basics in conventional Finance to cope in the world of work. Secondly, it would not only foster student’s occupational career, but would give them the framework to utilise their potentials. Finally, it provides a platform on which students could get in touch with industry practitioners and active researchers.

Career prospects

This course will enhance your opportunities to serve in financial institutions globally with diversified knowledge in banking and finance with special focus on the Islamic financial industry.

Additionally, this course would be suitable for existing practitioners in the financial industry to broaden their portfolio of knowledge in the financial industry.

What our students say...

From student’s perspective, the proposed programme is interesting for several reasons. Firstly, it would communicate in-depth knowledge in key areas of Islamic Finance and would equip students with adequate basics in conventional Finance to cope in the world of work. Secondly, it would not only foster student’s occupational career, but would give them the framework to utilise their potentials. Finally, it provides a platform on which students could get in touch with industry practitioners and active researchers.

Disclaimer

By accepting your offer of a place and enrolling with us, a Student Contract will be formed between you and the University. The Contract will detail your rights and the obligations you will be bound by during your time as a student and will contain the obligations that the University will owe to you. The 18/19 PG Contract will be published shortly.