Islamic Finance MSc Progression Route

Course overview

Candidates who have successfully completed the Advanced Diploma in Islamic Finance (ADIF) qualification will be eligible to enrol on this MSc Islamic Finance degree.

This course has been developed in partnership with the Bahrain Institute of Banking and Finance.

Course detail

The first delivery of modules will be in May 2026 during which you will complete the following modules:

Semester one

Corporate Finance and Risk Management – 30 credits

The module facilitates a critical examination of pivotal issues in the global corporate finance landscape. Students will explore, from finance, accounting and economic perspectives, the relevance of issues such as financial management, asset pricing, capital structure and pay-out policies. The module emphasises the implications of risk exposure and management in dynamic political, economic, financial, operational, and regulatory environments. Students will foster an anticipatory view to deal with risk and changes based on financial and non-financial hedging methods.

The module fosters student confidence to question established norms, practices, and decisions, and develop a habit of critical evaluation of theoretical frameworks and reported empirical tests related to risk management and strategic decision-making.

Semester two

Governance, Ethics and Sustainability – 30 credits

This module provides a comprehensive understanding of the key issues concerning sustainability, ethics and governance for the global financial and economic landscape. Students will examine the influence of national and global regulations, corporate governance frameworks and ethical principles that drive sustainable and responsible business practices.

Students will critically analyse the prevailing corporate governance norms, the allocation of decision-making powers, and their implications for businesses, economies, financial markets and society. The module elevates societal priorities for creating long-term shareholder value while balancing conflicting social and economic interests. Drawing on the United Nations Sustainable Development Goals (UN SDGs), it prepares students to become responsible leaders who are mindful of the ethical, social and environmental impact of their decisions.

Data Analysis and Research Methods – 30 credits

This module seeks to equip students with the skills and knowledge necessary to undertake independent research. It will cover key quantitative techniques commonly used by financial analysts, economists, accountants and investors to give students a grounding in fundamental econometric methods for data analysis. Using global economic and financial data, the module explores statistical techniques of descriptive analysis, estimation, hypothesis testing, and modelling. Emphasis is placed on the understanding and interpretation of quantitative results for economic and financial decision making.

Students will formulate fitting research objectives and select appropriate methodologies to develop their competence in designing and evaluating successful qualitative and quantitative research projects. Through experimentation on diverse data sources, students will elevate their analytical and reflective abilities, preparing them for contemporary data driven challenges.

Semester three

Postgraduate Project – 30 credits

This flagship module applies knowledge and insights from across the course to develop independent and ethical researchers. Students will conduct a substantive research project related to their choice of topics in economics, finance or accounting to evidence intellectual, technical and analytical skills.

Students receive personalised support and guidance from a dedicated supervisor but also benefit from critical discussions and cross fertilisation in group supervision sessions. All project titles are approved by supervisors prior to commencing the research project. Students will undertake a research project on an approved topic which may take the form of a traditional dissertation or researching a business issue facing an organisation. This inclusive approach allows students to apply their learning in a practical context to a topic and in a manner that fits their individual expertise and skillset.

Successful completion of the above modules will enable students to qualify for an MSc in Islamic Finance awarded by Coventry University.

For further details about this top-up course, please direct enquiries to Dr Aqsa Aziz, Course Director.

Assessment

Coursework, examination, online phase test and individual dissertation.