Fee Structure
| MBA in Islamic Banking and Finance | ||
| Regular Fee | 35% Fee Scholarship Ends Soon | |
| Semester-I Fee | £ | £ 1,170 |
| Semester-II Fee | £ | £ 1,170 |
| Semester-III Fee | £ | £ 1,170 |
| Semester-IV Fee | £ | £ 1,170 |
| Full MBA Fee (in Installments) | £ | £ 4,680 |
| Full MBA Fee (if paid at once) | £ | £ 4,200 |
Fee Includes
Two years unlimited access to online study resources
Interactive lectures, explaining complete MBA curriculum
Comprehensive study e-manuals covering complete MBA curriculum
24/7 academic support by Islamic finance scholars
Access to Islamic Finance e-Library
26 practice examinations as assignments
Free examination attempt for each course
Free CIB and CIFE certifications on completion of Semester-I
Free MDIF diploma on completion of Semester-II
Eligibility Criteria
Bachelors Degree or Equivalent.
Working knowledge of English.
Course Examption Policy
- MBA holders may request exemption from eligible Semester III and IV courses.
- Other master’s degree holders may receive exemptions for equivalent subjects already studied.
MBA Islamic Finance Coursework
Semester I
This foundational course explains the Islamic economic framework and the principles that shape production, distribution, and financial conduct. It introduces the causes of economic imbalance, the role of ethical wealth creation, and the core prohibitions that distinguish Islamic finance from conventional practice.
- Study the origins, principles, and structure of the Islamic economic system.
- Examine wealth production, ownership, and distribution within a Shariah framework.
- Understand prohibited elements such as Riba, Maysir, and Gharar.
- Review the principles of Fiqh-ul-Muamlaat and the laws of Shirkah in business and banking.
This course focuses on the main contractual structures used in Islamic banking and finance. It explains how Islamic financial products are designed, how they differ from interest-based products, and how AAOIFI-aligned principles guide their use.
- Study the principles and regulations of Islamic banking and finance.
- Learn the structure and application of Murabahah, Musharakah, Mudarabah, Ijarah, Salam, Istisna, and Diminishing Musharakah.
- Understand how Islamic instruments are used for personal, corporate, and government financing needs.
- Review diversification approaches within Shariah-compliant finance.
This course explores how Islamic finance operates in real commercial and investment environments. It covers banking products, trade finance, project funding, and capital market instruments used by Islamic financial institutions.
- Study Islamic financing for import, export, trade, projects, and working capital.
- Review Sukuk structures, features, and key types.
- Understand Shariah rules relating to shares, stock trading, and Islamic mutual funds.
- Examine additional contracts and applications such as Tawarruq, Muzara’ah, Kafalah, and Hawalah.
This accounting-focused course explains how Islamic financial institutions recognize, report, and audit financial activities within a Shariah-compliant framework. It is particularly valuable for professionals working in reporting, audit, compliance, and financial control.
- Study accounting principles relevant to Islamic financial institutions.
- Review reporting and auditing standards in Islamic finance.
- Develop understanding of investment models and their accounting treatment.
- Examine case-based applications of AAOIFI accounting standards.
The course introduces Islamic insurance and the operational structure of Takaful. It explains how risk sharing works in a Shariah-compliant environment and how Takaful differs from conventional insurance.
- Compare conventional insurance with Takaful principles and structures.
- Study General Takaful, Family Takaful, and Re-Takaful concepts.
- Understand key models, mechanisms, policy design, and governance considerations.
- Review AAOIFI-aligned treatment for Takaful and Re-Takaful accounting.
Semester II
This course examines the principles and structure of the Islamic macroeconomic system, including public finance, fiscal and monetary policy, inflation, taxation, international trade, economic planning and development, the role of the state, Islamic financial institutions, and the transition from conventional to Islamic economic and financial systems.
- Islamic Principles of the Government’s Role in the Economy
- Economic Development and Planning
- Planning for the Collective Social Order
- Allowances and Special Provisions in Islam
- Islamic Economic Principles for Individuals
- Fiscal Policy, Islamic Monetary Policy, and Bait-ul-Maal
- Inflation, Taxation, and Theory of Evaluation
- Public Expenditure and Aggregate Equilibrium
- Comparative Economic Systems at the Macroeconomic Level
This course explores advanced applications in Islamic finance, including investment banking, financial engineering, Sukuk, treasury and pool management, agricultural finance, Islamic credit cards, risk management, Shariah compliance, auditing, governance, and ethical standards for Islamic financial institutions.
- Designing Islamic Financial Products
- Venture Capital, IPOs, and After-Market Brokerage
- Development of Islamic Securities and Sukuk
- Islamic Financial Engineering
- Pool Management in Islamic Financial Institutions
- Islamic Agricultural Financing
- Islamic Credit Cards
- Conversion of Conventional Banks to Islamic Banking
- Risk Management for Islamic Financial Institutions
- Shariah Compliance in Islamic Financial Institutions
- Shariah-Based Auditing Rules and Standards
- Governance of Islamic Financial Institutions
The final project requires students to design a practical Islamic financial product by applying the knowledge and skills developed throughout the program. The project integrates Shariah principles with product structure, operational processes, accounting treatment, marketing strategy, and contract management.
Through this project, students demonstrate their ability to develop a Shariah-compliant financial solution for real-world application. The key areas of the Product Plan include:
- Development and Shariah structure of the Islamic financial product
- Product mechanism and operating flowchart
- Accounting procedures and treatment of the product
- Sales and marketing plan
- Rules for contract termination or cancellation.
Semester III
- Fundamentals of Business and Corporate Strategies.
- Industry Life Cycle Stages and Model.
- Porter’s Five Forces Model and Game Theory.
- Building a Sustainable Competitive Advantage and Competitive Strategies.
- Corporate Growth Strategies and SWOT Analysis Framework.
- Main Functions of Management and Planning.
- Organization Functions.
- Staffing and Strategic Human Resource Management.
- Motivation and Stress Relief Tactics.
- Product Life Cycle Decisions and Branding.
- Effective Marketing Social Media Marketing Mix.
- Fundamentals of Accounting, Financial Statements and Reporting.
- Negotiation and Persuasion: Fundamentals, Types and Subtleties.
- Improving Financial Performance and Collecting Data.
- Implementing ERP Systems and Best Practices.
- Accounting Types and Standards.
- Manging Expenses, Revenues, Taxes, Assets, and Equities.
- Cost Recognition and Trade Receivables & Payables.
- Managing Inventory and Fixed Assets.
- Financial and Leasing Liabilities.
- Debt and Equity Financing.
- Financial Statement Analysis and Working Capital Management.
- Capital Budgeting and Financial Reporting.
- Technical Skills to Create Effective Business Presentations.
- Company Valuation and Discounted Cash Flow Model.
- Company’s Weighted Average Cost of Capital.
- Introduction to Strategic Marketing and Marketing Mix.
- STP and SWOT Analysis.
- Aligning Marketing with Business Strategy.
- Internal Assessment and Types of Intellectual Property.
- VRIO Analysis, Value Chain Analysis and BCG Matrix.
- External Assessment: Ansoff Matrix and Porter’s Model.
- Defensive and Offensive Marketing Strategies.
- Aligning Pricing Strategy with Business Models.
- International Marketing and Business Strategies.
- Multi-Domestic Strategy.
- Franchising, Strategic Alliance, Joint Venture and Acquisition.
- Strategic Management Process and Frameworks.
Semester IV
- Introduction to Business Analytics, Data Analytics, and Data Science.
- Business Intelligence (BI), Machine Learning (ML), and AI.
- Applications of Big Data, BI, and Traditional Data Science and ML.
- Data Science Types and Techniques.
- Common Data Science Tools: Programming Languages & Software.
- Statistics: Population and Sample.
- Types of Data, Levels of Measurement and Visualization Techniques.
- Descriptive and Inferential Statistics Fundamentals.
- Confidence Intervals and Inferential Statistics.
- Hypothesis Testing and Relational Database Theory
- SQL and MYSQL: Fundamentals, Database and Applications.
- Tableau and Jupyter: Fundamentals, Exercises and Data Tools.
- Python: Fundamentals, Programming, Variables, Integration and Tools.
- Step by Step Data Pre-Processing and Analyzing the Predicted Outputs.
- Developing People, Leading Teams & Managing Processes.
- Changing World of Hybrid Work: Transition & Responsibilities.
- Types of Communication, Boundaries and Assigning Tasks.
- Motivation and Organization Life Cycles.
- Brainstorming, Coaching and Communication Skills.
- Difficult Conversations and Giving/Receiving Feedback.
- Justice, Discipline and Self-Control.
- Structuring Teams and Forming Organization.
- Team Facilitation & Decision Making.
- Conflict Resolution with Debate and Dialogue.
- Problem Solving and Improving Work Process.
- Organizational Frameworks and Components.
- Simple Structure (Personal Enterprise), Machine Bureaucracy (Programmed Machine), and Professional Bureaucracy (Professional Assembly)
- Organizational Divisional Structure (Super-Structure) and Adhocracy (Project-Based Structure)
- Organizational Structuring, Restructuring, and Liquidation Strategies.
- Organizational Systems, Managerial Tools and Trends.
- Applying Different Leadership Styles and Managing Leadership Challenges.
- Exploring Followership: Other Side of the Leadership Coin.
- Skills, Technology and Need for Organizational Agility.
- Shared Values and Dynamic Approach to Understanding Corporate Culture.
- Navigating Change Management Process.
- Entrepreneur Challenge to Boost Sales and Profitability.
- Valuation: Theoretic Background and Divisional Structure.
- Managing Mergers and Acquisitions Process.