Masters in Islamic Finance Online – An Overview

Islamic finance is growing rapidly, driven by its ethical and Shariah-compliant principles, and is expected to generate over 1.6 million jobs globally, with a 10–12% annual growth rate. In response to the rising demand for skilled professionals, AIMS has developed the MBA in Islamic Finance, designed by highly knowledgeable Shariah scholars and leading Islamic finance experts.

Our MBA in Islamic Banking and Finance program is globally recognized, UK-accredited, AAOIFI-compliant, career-focused, and delivered 100% online. The AIMS masters degree in Islamic banking and finance follows a flexible, self-paced learning format and is developed by renowned scholars and practitioners. The program covers both essential and advanced areas of Islamic banking and Islamic finance, making it an ideal choice for professionals pursuing a masters in Islamic finance online. The program has been offered by AIMS since 2008, and our graduates hold key positions in leading Islamic financial institutions worldwide.

MBA Islamic Finance Program Objectives!

  • Strengthen your qualifications for high-growth roles and boost your earning potential in leading IFIs.

  • Learn advanced business management and gain hands-on experience to integrate it into top global financial companies.

  • Develop expertise in Shariah-compliant financial products and services based on AAOIFI standards, securing key roles in the Islamic finance industry.

  • Earn professional credentials, including the prestigious CIB, CIFE, and MDIF certifications, while studying.

  • Earn a globally recognized and UK-accredited MBA in Islamic Banking and Finance, and prepare for the industry’s top PhD Islamic finance.

  • AIMS’ flexible and convenient online lectures, designed to fit easily around work and family responsibilities — study anytime, anywhere.

Level-7: Masters Degree in Islamic Banking and Finance

AIMS is a UK-registered and internationally accredited educational institution. The masters degree in Islamic banking and finance awards 45 credit hours, fully aligns with global standards for a Level-7 postgraduate qualification. It also allows students to pursue industry-leading PhD Islamic finance programs. AIMS’ MBA Islamic banking and finance is structured according to AAOIFI guidelines and incorporates the latest practices in Islamic finance and business management.

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Registered in UK with UKRLP

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Globally Accredited by QAHE

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CPD Accredited in the UK

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Rated “A” for Academic Excellence

MBA Islamic Finance: 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.

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How to Achieve an MBA in Islamic Banking and Finance Online?

AIMS offers a flexible, self-paced learning system to earn your MBA in Islamic Banking and Finance online. Students can build a customized study plan, supported by interactive lectures, expert faculty, detailed study manuals, and a comprehensive Islamic finance e-library. This format is ideal for busy professionals, allowing assignment submission and online exams at times that suit their schedule. The masters in Islamic finance online degree is completed in three simple steps:

  • Check eligibility and register for the masters in Islamic finance online program.
  • The Admissions Department reviews applications thoroughly.
  • Receive admission confirmation within 48 hours upon approval.

  • Get access to AIMS’ exclusive online study portal upon enrollment.
  • Enjoy access to e-lectures, e-manuals, assignments, and an extensive Islamic finance e-library.
  • Receive support from expert faculty in Islamic banking and finance.
  • Study at your own pace — submit assignments and request exams anytime, from anywhere.
  • Exams and assignments include open-book multiple-choice questions and a real-world Islamic finance project, ensuring practical skill development.

  • Complete final exams at the end of each semester.
  • Results are based on both assignment and exam scores.
  • Earn prestigious certifications: CIB and CIFE after Semester I; CTP and MDIF diploma after Semester II.
  • A minimum score of 65% is required to pass.
  • Receive your MBA in Islamic Banking and Finance degree, along with a detailed academic transcript.
masters degree in islamic banking and finance

MBA in Islamic Finance Program Structure!

AIMS’ Masters in Islamic Finance online is a well-structured, globally recognized program designed to equip students with advanced knowledge and practical skills that today’s employers demand. The curriculum begins with seven concentration courses in Islamic banking and finance (21 credit hours), followed by six core business management courses (18 credit hours), and concludes with a real-world industry project (6 credit hours).

  • Final Degree Award:
    Upon completion of all program components, students receive a 45-credit-hour MBA Islamic Finance degree, qualifying them to enroll in PhD Islamic Finance.

masters in Islamic finance

Masters in Islamic Finance – Curriculum Overview!

AIMS’ MBA in Islamic Banking and Finance offers a comprehensive, four-semester curriculum designed to equip professionals with deep knowledge of Shariah-compliant finance and global business management. AIMS’ masters in Islamic finance program blends Islamic finance expertise with modern business leadership skills, preparing graduates for strategic roles worldwide.

Islamic Economic & Financial System
Explore the principles of Islamic economics, root causes of financial inequality, and Shariah-based wealth distribution mechanisms.

Islamic Modes of Finance
Study practical case applications of Murabahah, Musharakah, Ijarah, Salam, and Sukuk — the pillars of Islamic financial instruments.

Islamic Commercial & Investment Banking
Understand commercial banking and investment frameworks compliant with Islamic law, including project finance strategies.

Islamic Accounting Treatment & Standards
Learn Islamic accounting methods and AAOIFI standards for financial transparency and compliance.

Islamic Insurance (Takaful)
Gain insights into Takaful operations, policy development, product structures, and risk-sharing mechanisms.

Macro Economic System of Islam
Dive into Islamic micro and macroeconomic models, government roles, economic planning, and Shariah-compliant fiscal policies.

Advanced Islamic Financial Services
Master product design, Sukuk structuring, risk management, venture capital, and regulatory compliance.

Designing an Islamic Financial Product
Apply real-world strategies to build innovative Shariah-compliant financial products for an Islamic financial institution.

Global Business Management
Cover strategic planning, HRM, cost control, organizational structure, and negotiation in international business environments.

Financial Accounting and Management
Learn corporate finance essentials: ERP, budgeting, inventory, cost control, debt-equity financing, and reporting.

Strategic Marketing Management
Gain expertise in aligning marketing with business strategy using tools like SWOT, BCG Matrix, and VRIO analysis.

Business Analysis and Design
Leverage data science tools like Python, Tableau, SQL, and AI to make informed business decisions.

Leadership & People Management
Build skills in team leadership, communication, conflict resolution, hybrid workforce management, and motivation.

Organizational Design, Change and Mergers
Study organizational models, M&A strategies, change management, restructuring, and cultural integration.

Explore the comprehensive MBA-IBF curriculum and discover our 35% scholarship opportunity.

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Hear from Our Global Learners!

“The Masters degree in Islamic Banking and Finance from AIMS transformed me into an Islamic finance expert. With an outstanding curriculum, expert faculty, and continuous online academic support, I was equipped with both theoretical knowledge and practical skills. The well-organized courses, interactive lectures, and e-manuals were invaluable in my learning journey. The assignments and real-world project helped me apply concepts through real-life case studies, truly enhancing my professional expertise. Choosing AIMS for my MBA in Islamic Finance was a decision I’ll never regret.”

Tovah Mutukura, Finance Advisor, Kubota, Australia

“Studying Islamic finance at AIMS helped me realize the gap in understanding Islamic financial products and Shariah requirements at top levels of our local Islamic Finance Window. AIMS’ program developed my analytical skills to advise the company on Shariah-compliant practices. The course content was well-organized, and the faculty was highly supportive. I strongly recommend AIMS’ Islamic finance program to everyone, especially my colleagues.”

Bachirou Mohamadou, USA

“Enrolling at AIMS for Islamic Banking and Finance was one of the best decisions for my career. AIMS’ flexible masters degree in Islamic banking and finance fit perfectly into my busy schedule, while the expert faculty and high-quality resources set the program apart. The industry-focused qualification enhanced my confidence and deepened my understanding of managing Islamic financial institutions. I highly recommend AIMS to anyone seeking career growth in Islamic banking and finance.”

Mohammed Ali, UAE

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    Key Benefits of AIMS’ Online MBA in Islamic Finance

    • Earn Prestigious Credentials

      Enhance your resume with industry-recognized certifications as you pursue our MBA in Islamic Banking and Finance. AIMS’ comprehensive coursework awards the Certified Islamic Banker (CIB), Certified Islamic Finance Expert (CIFE), and Master Diploma in Islamic Finance (MDIF). Upon graduation, students are eligible to advance toward a research-driven PhD in Islamic Finance. The program’s 45 credit hours may also be transferred to other accredited institutions for further academic progression.

    • Flexible, User-Friendly Online Learning

      Designed for working professionals, AIMS’ online masters degree in Islamic banking and finance offers maximum convenience and control. Students benefit from self-paced learning with 24/7 access to e-lectures, detailed study manuals, expert support, and an exclusive Islamic Finance e-library. Complete assignments and schedule exams at your convenience—study anytime, anywhere, without interrupting your personal or professional commitments.

    • Innovative Curriculum Designed by Experts

      Developed by leading Shariah scholars and industry practitioners, our curriculum blends theoretical foundations with practical application. The masters in Islamic Finance program covers core topics in Islamic banking and finance through interactive case studies and culminates in a real-world project. This balanced approach ensures graduates are equipped to tackle real-world challenges in global Islamic financial markets.

    • Aligned With Cutting-Edge Industry Trends

      Stay ahead with insights into the latest market innovations and global best practices. AIMS’ MBA in Islamic Banking and Finance emphasizes AAOIFI Shariah standards, accounting principles, and compliance guidelines—empowering students to design innovative Islamic financial products and pursue leadership roles in top Islamic Financial Institutions worldwide.

    Frequently Asked Questions (FAQs)

    AIMS’ online masters degree in Islamic banking and finance is a career-focused program designed for:

    • Professionals in conventional finance seeking to transition into Islamic finance.
    • Islamic finance practitioners aiming for promotions and higher salaries.
    • Graduates aspiring to enter the Islamic banking and finance industry.
    • Individuals planning careers in Islamic finance or Shariah advisory.
    • Entrepreneurs pursuing Shariah-compliant financial solutions.

    Graduates of AIMS’ MBA in Islamic Finance are well-equipped for senior roles across global Islamic financial institutions. Career opportunities include:

    • Senior Islamic Finance Manager
    • Shariah 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 Banker in Islamic Financial Institutions (IFIs)
    • Islamic Finance Advisor
    • Leadership roles in regulatory bodies overseeing Islamic financial markets.

    Yes, AIMS Education offers a 35% scholarship on the tuition fee for its MBA in Islamic Finance program. This financial assistance is part of our commitment to making high-quality, globally recognized Islamic finance education accessible to students and professionals worldwide.

    Our MBA Islamic finance online program is already competitively priced, and this additional scholarship ensures that learners can pursue advanced qualifications in Islamic banking and finance without financial strain.

    The MBA in Islamic Finance is designed to be completed in 12 to 18 months, depending on your pace. With our self-paced online format, professionals can balance studies with work, while fast-track learners may complete their masters in Islamic finance online in just one year.

    • AIMS offers four additional certifications (CIB, CIFE, MDIF, CTP), a career-focused curriculum, and highly interactive learning.
    • Since 2008, our graduates have earned key positions worldwide.
    • The masters degree in Islamic banking and finance is flexible, globally recognized, and backed by Shariah scholars and UK accreditation standards—making it ideal for ambitious Islamic finance professionals.

    Yes, AIMS’ online MBA in Islamic Finance is fully accredited and internationally recognized. Graduates can legally authenticate their degree through various global attestation processes, including:

    • Attestation by the U.S. Department of State
    • Apostille certification under the Hague Convention (for member countries)
    • Embassy or consulate legalization (for non-Hague countries)

    These verification options make your MBA degree valid for official use in employment, higher education, visa applications, and international relocation. AIMS provides comprehensive support to guide its graduates through the documentation and legalization process, ensuring global recognition of their qualification with ease.

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