Islamic Banking, Finance and International Business MSc
In collaboration with Al-Maktoum College, you will learn about the Islamic banking sector, Islamic finance, and international business

Islamic Finance looks at the processes of managing money and doing business in a way that fits with the moral principles of Islam. This is also known as being Shari'ah-compliant. Islamic financial institutions operate in over 75 countries worldwide. They have become highly influential in the global financial landscape.
Banking is an industry that handles cash, credit, and other financial transactions for individual consumers and businesses alike. An understanding of this is key when conducting international business.
One degree, two institutions. This course is delivered together with our partner institution Al-Maktoum College. This collaboration gives your degree the depth of our traditional knowledge, and the expertise of Al-Maktoum in Islamic banking and finance and wider Islamic studies.
In partnership with

Our Islamic Finance courses are taught in partnership with Al-Maktoum College, Dundee
This degree is taught in collaboration with our colleagues at Dundee's Al-Maktoum College. We have a strong history and expertise of teaching traditional finance and economics and we will draw upon the expertise in Islamic finance and wider Islamic studies on offer at Al-Maktoum. Few degrees of this kind exist in the UK.
You will develop your understanding of the application of Islamic commercial law in relation to Islamic financial institutions and financial products, as well as the emergence and working mechanisms of Islamic capital markets.
Throughout the duration of this course, you will:
- develop your understanding of the application of Islamic commercial law. This will be in relation to Islamic financial institutions and financial products. You will also develop an understanding of the emergence and working mechanisms of Islamic capital markets.
- cover the operations of Islamic banks and Islamic financial markets. You will also cover the nature of risk and its management in Islamic financial institutions
- learn to challenge the contemporary issues and debates in Islamic finance. Through this, you will learn of the internationalisation strategies and strategic decisions in business.
- learn in what ways Islamic finance is different to other kinds of finance
- learn about the operations of Islamic banks and Islamic financial markets
- understand the nature of risk and its management in Islamic financial institutions
- gain an understanding of the internationalisation strategies and strategic decisions in business
Throughout the course, you'll also develop your broader skills in wider international business.

Khusniddinkhon Djamalov, Islamic Finance student
Scholarships
If you are successful in securing one of the University’s scholarships (Vice Chancellor's Scholarship, Global Excellence or Global Citizenship), you will automatically receive the Al -Maktoum Living Support, a further £3000 paid to you in 10x £300 monthly instalments. Find out if you are eligible
Offered in collaboration with the International Waqf Fund
The School of Business is pleased to offer a limited number of exclusive internship opportunities. This is for students on MSc Islamic Finance and all its pathways. More information about the International Waqf Fund can be found on their website.
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Paid Post Graduate Internships
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Three paid six months internships after graduation. You can apply for these positions after you graduate. Application details will be made available during the course.
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Summer Internships
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Three 8-week internships are available with the International Waqf Fund. This is part of the wider internship arrangements for students on MSc Islamic Finance and its pathways.
Islamic Finance degrees
You can choose to study one of the following degrees, with the option being open to change your choice upon arrival at the University:
If you have any questions about the admissions process, studying, or living in Dundee, please contact us