MBA in Islamic Finance Degree

Islamic finance is growing rapidly, driven by its ethical and Shairah Complaint nature, and is expected to create over 1.6 million jobs with a 10-12% annual growth rate. Considering the growing demand for skilled professionals, AIMS designed the MBA in Islamic Banking and Finance program, which is globally recognized and accredited. The degree program is offered online through a flexible and self-paced learning system, and renowned scholars and practitioners create it. AIMS MBA in Islamic Finance program covers key areas of Islamic banking and finance, providing a comprehensive and ideal degree for professionals seeking a Masters in Islamic Finance online.

Program Objectives!

  • Grow expertise in Shariah-compliant financial products and services based on AAOIFI Standards.

  • Earn an internationally recognized and accredited Masters degree in Islamic Banking and Finance.

  • Equip graduates to perform leadership roles globally in Islamic financial institutions.

  • Foster opportunities for professionals seeking growth in Islamic banking and finance sectors.

MBA Islamic Finance Degree: A Quick Review

Mode of Study:Online & Self-paced learning.
Average Duration:12 months.
Study Resources:Online Interactive lectures.
Comprehensive Study manuals.
24/7 faculty support from Shariah experts.
Islamic Finance e-Library.
Online Assignments.
Courses to Study:13 courses & a Project in Islamic finance.
Study Requirements:10 – 12 hours of study in a week.
Final Assessment:Assignments [35%], final exam [55%] and project [10%].
Bonus Awards:CIB and CIFE certifications on completion of Semester-I, and,
CTP and MDIF Diploma on completion of Semester II.

Islamic Finance Programs

MBA Curriculum & Fee
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How to Achieve Masters in Islamic Finance?

AIMS allows students to earn a Masters degree in Islamic Banking and Finance through a flexible online learning system. They will be able to create their customized study plan. Interactive lectures, online manuals, and an Islamic finance e-library help busy professionals easily adopt our e-learning methodology. Students may submit the online assignments when it is convenient for them and request the online examination whenever their schedule allows. The MBA in Islamic Banking and Finance may be completed by following three steps:

mba in Islamic finance

  • Check eligibility for the MBA in Islamic Banking and Finance program and enroll online.
  • Admissions Department reviews applications thoroughly.
  • Receive admission confirmation upon application review and meeting requirements.

  • Get access to the AIMS exclusive online study portal upon confirmation.
  • Enjoy access to e-lectures, e-manuals, assignments, and an extensive Islamic Finance e-library.
  • Benefit from online support from MBA Islamic Finance faculty members.
  • The self-paced study allows students to submit their assignments at their convenience.
  • Request the online Examination when assignments are submitted.
  • Assignments and Exams consist of multiple-choice questions assessing understanding and skills.

  • Assess subject knowledge through exams at the end of each semester.
  • The final results combine scores from assignments and the exam.
  • Online Masters degree in Islamic banking and finance requires a 65% pass percentage.
  • Receive an MBA Islamic Finance degree and a transcript detailing performance marking.

Structure of MBA Islamic Finance Program

Our MBA in Islamic Banking and Finance is a structured program that begins with seven concentration courses in Islamic banking and finance (21 credit hours), followed by six core courses in business management (18 credit hours), and culminates with a real-world project (6 credit hours).

  • Upon finishing Semester-I, students are awarded the Certified Islamic Banker (CIB) and Certified Islamic Finance Expert (CIFE) certifications.

  • Upon completing Semester-II, students are awarded the Master Diploma in Islamic Finance (MDIF)  and Certified Takaful Professional (CTP) certifications.

  • After completing Semester IV, students are awarded a 45-credit-hour MBA in Islamic Banking and Finance degree.

mba in Islamic banking and finance

MBA in Islamic Banking and Finance Curriculum!

  • Study Islamic economic principles, causes of economic problems, and wealth distribution.
  • Through practical case studies, explore Islamic financial instruments, including Murabahah, Musharakah, Ijarah, Salam, and Sukuk.
  • Gain insights into Islamic investment strategies, commercial banking practices, and project finance.
  • Learn Islamic accounting principles and AAOIFI accounting standards.
  • Understand the principles and practices of Takaful (Islamic insurance), takaful policies, and product design.

  • Learn Islamic microeconomic principles, government roles, economic planning, fiscal policies, and various economic systems.
  • Explore designing Islamic financial products, venture capital, Islamic securities (Sukuk), Islamic risk management, and Shariah compliance in financial institutions.
  • Develop and implement a Shariah-compliant financial product, covering product development, operational flow, accounting procedures, marketing strategies, and contract regulations.
  • Gain hands-on experience through real-world projects to enhance problem-solving skills and prepare for better career opportunities in Islamic finance.
  • Acquire a thorough understanding of Islamic finance principles and practices to excel in leadership roles in global Islamic financial markets.

  • Introduction to business management course covers management science theories, organizational ethics, and effective planning strategies.
  • Management accounting studies include managerial accounting principles like activity-based costing and variance analysis.
  • International banking operations, banking laws and fundamentals, financial markets, and legal frameworks such as anti-money laundering.
  • Retail banking, financial services, banking functions, payment systems, and management of e-banking.
  • Leadership, business development skills, and effective communication within organizations.

  • Strategic Human Resource Management, recruitment, and international HR practices.
  • 21st-century marketing strategies, market segmentation, and brand management.
  • Individual behavior, group dynamics, leadership, conflict resolution, and global organizational management.
  • Business evolution, market analysis, consumer behavior, and organizational change.
  • Hands-on learning in job analysis, brand building, stress management, and ethical HR practices.

Here, you may find a detailed MBA-IBF Curriculum and our 35% Fee Scholarship.

Hear from Our Global Learners!

“Masters degree in Islamic Banking and Finance from AIMS helped me become an Islamic finance expert with their best curriculum, experienced faculty, and always available online academic support. The Islamic finance courses and study materials are well-organized. AIMS has designed excellent interactive lectures and study e-manuals. Assignments are also beneficial, and each topic is explained well through examples and case studies. I transformed my vast theoretical knowledge into professional skills in my final real-world project. Choosing AIMS to achieve an MBA in Islamic Finance degree was a wise decision.”

Tovah Mutukura, Finance Advisor, Kubota, Australia

Accreditation!

AIMS’ online MBA in Islamic Finance program is Accredited by CPD and Registered with UKRLP in the UK. The program adheres to the prestigious guidelines of the Ofqual Regulated Qualifications Framework (RQF), ensuring a Level-7 Masters Degree. Plus, it follows the Guidelines and Updated Shariah Standards set by AAOIFI.

mba in Islamic banking
mba in Islamic banking and finance

Have Question?

    Key Features of Our MBA in Islamic Banking

    • Earn Prestigious Designations

      Enhance your resume with valuable credentials while pursuing an msc islamic banking and finance. Our comprehensive coursework includes certifications in CIB, CIFE, and MDIF. As you graduate, you also have the opportunity to pursue a research-focused Ph.D. in Islamic economics and finance. The 45 credit hours accrued during our online Masters degree in Islamic banking and finance can be transferred to another accredited institution if you decide to pursue advanced qualifications.

    • Flexible and User-Friendly e-Learning Platform

      The online MBA in Islamic Banking and Finance offers ultimate convenience and flexibility. Designed for busy professionals, the program allows students to access e-lectures, comprehensive study manuals, and an online Islamic finance library anytime and anywhere. Students study at their own pace, complete online assignments, appear in the final online examination at their convenience, and earn their Master’s in Islamic Banking and Finance without location constraints.

    • Innovative Curriculum

      Our MBA in Islamic Finance curriculum is designed by top Shariah Scholars and practitioners, which sets the program apart. This program covers various Islamic banking and finance topics. The case studies combine theoretical knowledge with practical applications. It provides a holistic understanding of the Islamic finance field and a real-world project to grasp the complexities of Islamic banking and finance practices.

    • Cutting-Edge Industry Trends

      Gain expertise as an MBA in Islamic Finance to innovate Islamic financial products. Stay tuned with the latest market trends and AAOIFI Shariah, Accounting Standards, Compliance, and Guidelines. Unlock the potential for better opportunities in Islamic Financial Institutions.

    Frequently Asked Questions

    Our Graduates can pursue key roles in Islamic financial institutions. These roles include:

    • Senior Islamic Finance Manager.
    • Sharia Compliance Officer.
    • Senior Islamic Banker.
    • Senior Takaful (Islamic Insurance) Manager.
    • Shariah Compliant Risk Management Analyst.
    • Islamic Finance Product Development Specialist.
    • Shariah Compliant Auditor.
    • Shariah Compliant Accounts Specialist.
    • Investment Bankers in IFIs.
    • Islamic Finance Advisor.
    • Key roles in regulatory bodies overseeing Islamic financial markets.

    Our Masters degree in Islamic Banking and Finance is a career-oriented qualification, and it is ideal for:

    • Conventional Finance professionals seeking better roles in the Islamic finance sector.
    • Islamic Finance professionals interested in promotion and better salaries.
    • Graduates aiming to enter the Islamic Banking and Finance Institutions.
    • Professionals seeking a career in Shariah Advisory and Shariah Auditing.
    • Entrepreneurs interested in Sharia-compliant financial practices.

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