MBA in Islamic Finance Degree

Islamic finance is a rapidly expanding industry fueled by its ethical foundation and interest-free nature, at an annual rate of 10-12%. It is leading to a surge in job opportunities, with the sector expected to create over 1.5 Million jobs by 2025. In response to this growing demand, AIMS has meticulously designed the MBA in Islamic finance degree. This globally recognized and UK-accredited MBA in Islamic banking and finance online degree program is designed by prominent Islamic finance scholars and practitioners, and it adheres to the Shariah standards set by AAOIFI. The Masters in Islamic Finance adopts a self-paced learning system. This flexible approach allows students to study at their own pace, accommodating their various personal and professional commitments.

Program Objectives !

  • Hone students’ managerial skills, enabling them to effectively lead and manage in the contemporary Islamic financial industry.

  • Develop students’ proficiency in assessing the Shariah compliance of various financial products and services, as well as designing and implementing procedures in IFIs.
  • Education meets high academic standards, and degree is recognized by employers and institutions worldwide.

  • Facilitate career advancement opportunities by equipping students with the specialized knowledge and skills required for higher-level positions within the Islamic finance industry.

MBA Islamic Finance Degree: A Quick Review

Mode of Study: Online & Self-paced learning.
Average Duration: 12 months.
Validity: Two years.
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 Master Diploma on completion of Semester II.

How to Achieve Masters in Islamic Finance?

If you decide to pursue an MBA in Islamic Banking and Finance from AIMS, you’ll attend flexible online classes. Once you’re enrolled, you’ll be able to make a personalized study plan. It is simple and convenient to study through our e-learning program. Professionals with busy schedules may choose to take courses at times that suit them. The educational resources include interactive and illustrated lectures, extensive online manuals, and an Islamic finance e-library. You may submit your online assignments whenever you have time, and you may take the online test when it is convenient for you.

mba in Islamic finance

Find out whether you satisfy the enrollment prerequisites for the MBA in Islamic Banking and Finance program and sign up online. Meanwhile, our Admissions Department conducts a meticulous appraisal of each application. Consequently, they extend admission confirmations to candidates who meet the qualifications. Upon receiving confirmation, you will subsequently gain access to your exclusive online study portal.

Being an online student opens up a world of educational opportunities right at your fingertips. MBA in Islamic banking and finance offers unparalleled accessibility to an abundance of academic resources via your personal student portal, all aimed at enhancing your grasp of Islamic banking and finance. Access these resources wherever you are, at your preferred time.

Online Interactive Lectures:

With the guidance of Islamic finance experts and Shariah scholars, we have crafted online lectures that delve into each topic comprehensively. Packed with high-quality animations, graphics, practical examples, and case studies, these lectures illuminate the practical applications of Islamic finance principles.

Comprehensive Study Manuals:

Accompanying you throughout your learning journey, our manuals provide an exhaustive explanation of the curriculum. They are treasure troves of valuable insights into Islamic finance practices and serve as a handy reference.

Online Assignments:

The MBA in Islamic Finance requires two online assignments per course. This flexible system empowers you to schedule these tasks at your leisure, enabling a harmonious balance between your studies and other commitments.

Online Library:

Visualize our e-library as your educational haven. It hosts a wide array of online books, videos, presentations, and research papers on Islamic banking and finance, offering you profound insight into the subject.

Faculty Support:

Masters in Islamic finance faculty, comprised of experts and practitioners in Islamic finance, standby to guide you on your academic path. They commit to providing comprehensive responses to your inquiries, ensuring you acquire a holistic understanding of Islamic finance concepts. Reaching them is as easy as dropping an email.

Real-World Project:

A pivotal component of your MBA in Islamic Banking and Finance is the practical project for an Islamic financial institution. This project enables you to transform the theoretical knowledge you’ve gained into practical applications. It further hones your ability to tackle intricate challenges in Islamic finance, refining your strategy-making, decision-making, and problem-solving skills.

Each of these resources has been meticulously curated to bolster your understanding of Islamic banking and finance, thereby paving the way for a prosperous career in this ever-evolving global industry.

Each semester culminates in an examination designed specifically to assess your grasp and prowess in your field of study. Just like the assignments, the exam employs multiple-choice questions (MCQs) as its core format. Notably, your final grade hinges on the scores you achieve in these assignments, your project, and the final examination. You need to secure a pass percentage of 65% or higher. Once you successfully meet these requirements, we will proudly confer upon you the MBA in Islamic Banking and Finance degree.

Structure of MBA Islamic Finance Program

The MBA in Islamic Banking and Finance consists of six core courses in business management (18 credit hours), seven concentration courses in Islamic banking and finance (21 credit hours), and 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, you will be awarded a Masters in Islamic degree, which consists of 45 credit hours.

mba in Islamic banking and finance


Our online MBA in Islamic Finance program is Accredited by CPD and Registered with UKRLP in the UK. We adhere to the prestigious guidelines of the Ofqual Regulated Qualifications Framework (RQF), ensuring a Level-7 Masters Degree. Plus, we follow the stringent Shariah Standards set by AAOIFI.

Our Student Say!

“The MBA in Islamic Banking and Finance degree program provided me with the knowledge I needed to become an expert in this field. The course material is well put together. The interactive lectures and other study resources are excellent. Assignments are also valuable, and every subject is treated in detail. It was a sensible decision to earn an Islamic finance degree from AIMS.”

Tovah Mutukura, Finance Advisor,

Kubota, Australia.

mba in Islamic banking
mba in Islamic banking and finance

Have Question?

    Key Features of Our MBA in Islamic Banking

    • Earn a Range of Prestigious Designations

      Enhance your resume with valuable credentials while pursuing an msc islamic banking and finance. Our comprehensive coursework includes certifications in CIB (featuring online Islamic banking courses), CIFE (renowned Islamic finance certificate), and MDIF (internationally recognized and accredited diploma in Islamic banking and finance). 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.

    • Uncover and Apply Cutting-Edge Market Trends

      Enhance your expertise and ingenuity as an MBA in Islamic Banking and Finance student to design and execute an innovative Islamic financial product. The program is carefully designed to stay abreast with the latest market trends and practices in the financial world. It is meticulously structured based on the cutting-edge standards stipulated by highly recognized entities in the field of Islamic finance, such as AAOIFI. It helps you unleash your problem-solving potential and open doors to superior opportunities in the corporate world.

    • Who Should Pursue the MBA Degree?

      The online MBA in Islamic banking and finance is designed to cater to a wide range of professionals who are seeking career enhancement and better salaries.

      • Banking Professionals: Individuals currently working in the banking sector looking to specialize in Islamic banking and finance.
      • Finance Executives: Executives in the finance industry who aim to diversify their knowledge base and skillset to include Islamic finance principles.
      • Entrepreneurs: Business owners and entrepreneurs who wish to understand Islamic finance to gain new perspectives.
      • Consultants: Consultants who aim to broaden their clientele by offering expert advice in the growing field of Islamic finance.
      • Graduates: Recent graduates aspiring to enter the banking and finance sector with a unique specialization for a job.
      • Career Changers: Professionals from other industries looking to transition into Islamic banking and finance.
      • Academicians and Researchers: Those interested in a deep understanding of Islamic finance for academic or research purposes.
    • Flexible and User-Friendly e-Learning Platform

      Our MBA in Islamic Banking and Finance online program is designed to offer you maximum convenience and flexibility. We understand that many of our students are balancing their studies with professional commitments, and we’ve crafted our learning system to accommodate this. You can access your coursework, learning materials, and our virtual classroom from anywhere, at any time. This means you can study at your own pace, reviewing lessons and completing assignments when it suits you best. Plus, with our Masters degree in Islamic banking and finance, you’re not tied to a physical location – all you need is a reliable internet connection.

    • Innovative Curriculum for Outstanding Results

      The quality of our MBA in Islamic Finance curriculum is a key factor that sets us apart. It is expertly designed by top Shariah Scholars and renowned practitioners in the field. This rigorous and holistic program delves into the intricate details of Islamic banking and finance, providing a well-rounded understanding of the field. Our curriculum covers a broad range of topics. It doesn’t just provide theoretical knowledge; instead, it emphasizes practical applications and real-world scenarios, helping you to grasp the complexities of the Islamic financial system.

    • Career Opportunities and Salary Prospects

      A variety of high-ranking positions await in the dynamic and lucrative field of Islamic finance:

      • Islamic Finance Consultant: These professionals offer expert advice to businesses on financial practices compliant with Shariah law. Expected salary: $70,000 – $100,000.
      • Islamic Finance Manager: These individuals oversee the operations and financial transactions of organizations, ensuring compliance with Islamic law. Salary: $80,000 – $120,000.
      • Shariah Auditor: These professionals verify the compliance of financial practices with Shariah principles. Expected salary: $80,000 – $110,000.
      • Islamic Bank Branch Manager: These executives manage the operations of a branch of an Islamic bank. Salary: $70,000 – $100,000.
      • Islamic Fund Manager: An Islamic Fund Manager controls and oversees the finances of an investment fund that adheres to Islamic law. Salary: $90,000 – $130,000.
      • Islamic Financial Analyst: These experts assess the financial health of businesses operating under Islamic principles, providing valuable advice and detailed reports. Salary: $65,000 – $95,000.

    Why opt for an online MBA in Islamic Banking and Finance with AIMS?

    Choosing to pursue your MBA in Islamic Banking and Finance with AIMS has distinct advantages.

    Global Recognition and Accreditation:

    The MBA in Islamic Finance from AIMS UK enjoys extensive global recognition and accreditation. This not only adds value to the degree but also provides graduates with international mobility in their careers.

    Transfer of Credits for Higher Studies:

    Students who wish to pursue further studies have the advantage of transferring their credits. This feature of the MBA Islamic Banking and Finance program allows for continuous learning and progression in the field.

    Practical Exposure during Studies:

    AIMS believes in providing its students with practical exposure and real-world applications of their studies. This approach ensures students in the MBA in Islamic Banking and Finance program gain meaningful experience, preparing them for the challenges they may encounter in their professional lives.

    Flexible Online Learning:

    The program is delivered via a flexible online learning platform, allowing students to balance their studies with other commitments. This feature makes online Masters in Islamic finance a highly convenient option for busy professionals.

    Comprehensive Curriculum:

    The curriculum covers all the essential fields of Islamic banking and finance, ensuring students acquire a comprehensive understanding of the industry.

    Expert Faculty:

    The faculty comprises experts in the field of Islamic banking and finance, providing students with an opportunity to learn from those with a wealth of practical and academic experience.

    Interactive Learning Experience:

    The program employs a blend of teaching methodologies to create an engaging and interactive online learning environment.

    Career Support:

    AIMS also provides career support services, assisting students and graduates in their job search and offering guidance on career paths in the Islamic finance industry.

    Research Opportunities:

    The MBA in Islamic banking and finance creates opportunities for students to conduct original research in Islamic banking and finance, contributing to the growth of the field.

    What are the crucial areas that the curriculum of the MBA Islamic finance encompasses?

    The curriculum of the MBA in Islamic finance is comprehensive and multi-faceted, designed to cover all essential areas pertinent to this field. At the core, the program includes an in-depth study of the Islamic economic system and Islamic microeconomics, providing a solid foundation for understanding the principles that govern Islamic financial instruments and the Islamic Insurance system (Takaful). Subsequent modules delve deeper into the specifics of Islamic commercial banking and Islamic investment banking, both crucial sectors within the Islamic finance industry.

    In addition to Islamic finance-specific subjects, the program also integrates core business modules, such as business management, marketing management, human resource management, organizational behavior, and financial management. Lastly, students apply their knowledge in real-world scenarios. This well-rounded approach ensures that our MBA in Islamic Finance graduates are well-equipped to take on challenging roles in the Islamic finance industry. Explore our comprehensive MBA curriculum.