MSc Islamic Banking and Finance

Postgraduate Entry Requirements:

• Applicants should have successfully completed a bachelor's degree or its equivalent from a recognized institution with a minimum overall score of 55 to 60% or equivalent.
• English language proficiency is required, and applicants must provide evidence of their English language skills through an approved language test.
  • IELTS: A minimum overall score of 6.5 with no individual component below 6.
  • TOEFL: A minimum overall score of 80, with at least 17 in Listening, 18 in Reading, 20 in Speaking, and 19 in Writing.
  • PTE Academic: A minimum overall score of 62 with no individual score below 59.
• Some postgraduate programs may have specific subject prerequisites or additional requirements.

Students must provide:

• academic marksheets & transcripts
• letters of recommendation
• a personal statement - SOP
• passport
• other supporting documents as required by the university.

Work experience: Some postgraduate courses may require relevant work experience in the field.

It is important to note that meeting the minimum entry requirements does not guarantee admission, as the university considers factors such as availability of places and competition for the program. Additionally, some courses may have higher entry requirements or additional selection criteria, such as interviews or portfolio submissions.

The University of Dundee offers a range of scholarships and financial support opportunities to both domestic and international students. These scholarships are designed to recognize academic excellence, support talented students, and promote diversity and inclusion.

1. Global Excellence Scholarship: This scholarship is available to international undergraduate and postgraduate students who demonstrate outstanding academic achievements. The scholarship provides a reduction in tuition fees.
2. Vice-Chancellor's International Scholarship: This scholarship is open to international undergraduate and postgraduate students from selected countries. It provides a partial tuition fee reduction.
3. Santander Scholarship: This scholarship is available to undergraduate and postgraduate students from eligible countries. It aims to support international students studying at the University of Dundee by providing financial assistance towards tuition fees.
4. Alumni Scholarship: This scholarship is open to self-funded international students who have previously completed an undergraduate degree at the University of Dundee. It offers a reduction in tuition fees for postgraduate study.

Graduates of the MSc Islamic Banking and Finance program from the University of Dundee have excellent career prospects.

1. Islamic Banks and Financial Institutions: Graduates can pursue careers in Islamic banks and financial institutions, working in areas such as retail banking, corporate banking, treasury operations, and investment management. They can apply their knowledge of Shariah-compliant banking principles to cater to the financial needs of clients seeking Islamic finance solutions.

2. Consultancy and Advisory Services: Graduates can work for consultancy firms or advisory services specialized in Islamic banking and finance. They can provide expert advice to clients on structuring Islamic finance transactions, developing Islamic investment strategies, and ensuring compliance with Shariah principles.

3. Regulatory Bodies and Government Organizations: Graduates can work in regulatory bodies or government organizations responsible for overseeing and regulating Islamic banking and finance activities. They can contribute to the development of policies and regulations, ensuring the integrity and stability of the Islamic finance industry.

4. Corporate Finance and Investment: Graduates can pursue careers in corporate finance departments or investment divisions of companies, advising on Islamic finance options for funding, mergers and acquisitions, and investment decisions. They can help organizations navigate the complexities of Islamic finance and align their financial strategies with Shariah principles.

5. Research and Academia: Graduates can pursue research opportunities or academic careers in the field of Islamic banking and finance. They can contribute to the advancement of knowledge through research on Islamic finance, publish scholarly articles, and teach Islamic finance courses at universities and educational institutions.