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 January 2025 during which you will complete the following modules:

Semester One

Behavioural Finance

This module teaches students about how psychological and sociological factors influence financial decision-making. The module will enable them to identify possible biases in investment analysis and portfolio management arising from cognitive, affective and social influences.

Governance, Accountability and Ethics

This module aims to provide students with a framework to examine the key issues in corporate governance. These include underlying corporate governance theory and associated reporting and regulation, the role of monitors and issues of independence and ethics. It also develops students’ ability to critically appraise relevant academic literature and current issues and integrate and synthesise topics in order to participate in current debates and suggest potential insights for development.

Entrepreneurial Practice

The programme incorporates a Chartered Management Institute (CMI) accredited module, Entrepreneurial Practice. Students who successfully complete the module and meet the CMI evidence requirements will gain a Level 7 Certificate in Strategic Leadership and Management and a Level 7 Award in Professional Consulting.

The aim of this module is to provide students with a framework of knowledge and understanding of how to effectively lead and develop people in a strategic and entrepreneurial way. Students will explore the influence and impact of leadership theories, culture, wellbeing, the principles of entrepreneurial practice and understand the different contexts in which entrepreneurship can flourish as well as the characteristics of entrepreneurial leadership within different types of organisational scenarios.

Ultimately, students will be given the opportunity to develop their strategic priorities for entrepreneurial leadership.

Ultimately, students will be given the opportunity to develop an innovative framework to deliver a change management strategy in a changing organisational context.

Finally, the module requires students to reflect critically on their personal learning and development needs and how they work with others, from an ethical and professional standpoint to encourage their continuing professional development.

Semester Two

Corporate Finance

This module examines and critiques key corporate finance issues, including financial management, risk and return, corporate financing and asset pricing, capital structure and payout policy. The module takes an international perspective and explores both theoretical models and empirical evidence.

Quantitative Methods

This module covers some of the quantitative techniques commonly used by financial analysts, economists, accountants as well as individual investors. The aim is to give students the basic grounding in econometric methods used in the analysis of quantitative data. The module will primarily focus on the statistical techniques of estimation, hypothesis testing and modelling using economic and financial data in which they will learn about economic software.

Semester Three

Project

In this module students will carry out a substantive piece of independent research into a business issue relevant to their course of study. Students will be expected to draw upon the knowledge acquired, and the intellectual, technical and analytical skills developed throughout their course. To equip students with the additional research skills required to successfully execute the research, they will be supported by a series of workshops on research methods. Students will be supported in this module through a series of group supervisions, and will be allocated a project supervisor.

The module includes three routes, and students will be given the opportunity to select their preferred route, although all project titles must be approved by the project supervisor in advance of commencing the project.

The three routes are:

• Route 1: An individual research-based dissertation;
• Route 2: An individual project report;
• Route 3: A group project report. Where work is completed as part of a group, each group may have no more than five members.

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, one of individual dissertation, individual project report or group project report.