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The University of Greater Manchester offers a wide array of undergraduate and postgradu...
MBA Master of Business Administration (Islamic Finance)
Bolton
INTAKE: September
Program Overview
The MBA in Islamic Finance at the University of Greater Manchester provides a focused and in-depth postgraduate education that combines the core principles of business administration with the specialized knowledge of Islamic finance. This program is designed to equip professionals with the strategic and operational skills necessary to excel in the global Islamic finance industry. The curriculum integrates business management disciplines with the ethical and legal frameworks of Sharia-compliant finance, preparing graduates for leadership roles in this expanding sector. The program often includes a significant research component or industry-focused project.
Curriculum: The curriculum of the MBA in Islamic Finance is structured to provide a robust understanding of both general business management and the specific principles of Islamic finance. Core MBA modules typically cover strategic management, financial accounting and management, marketing management, operations management, and organizational behavior. Specialized modules in Islamic finance delve into areas such as the foundations of Islamic banking and finance, Sharia principles of commercial law (Muamalat), Islamic capital markets and instruments (Sukuk), Takaful (Islamic insurance), Islamic wealth management and estate planning, and the regulatory and legal framework governing Islamic financial institutions. The program often culminates in a significant research project or dissertation focused on an area within Islamic finance.
Research Focus: The MBA in Islamic Finance program benefits from a research-informed approach, with faculty often engaged in research related to Islamic economics, finance, and banking. The program encourages students to develop their research skills and undertake a significant research project or dissertation in an area of Islamic finance that aligns with their interests and career goals. This research component allows students to contribute to the growing body of knowledge in Islamic finance and develop advanced analytical skills. Research areas may include the development of new Islamic financial instruments, the application of Sharia principles to modern financial challenges, the growth and regulation of Islamic capital markets, and the role of Islamic finance in sustainable development.
Industry Engagement: Recognizing the strong growth and global reach of the Islamic finance industry, the MBA program often incorporates significant industry engagement opportunities. This may include guest lectures from leading figures in Islamic banking and finance, case studies of successful Islamic financial institutions, opportunities for networking with industry professionals, and potentially internships or applied projects within Islamic financial organizations. The program aims to bridge the gap between academic theory and industry practice, providing students with valuable insights into the real-world application of Islamic finance principles.
Global Perspective: Islamic finance is a global phenomenon, with significant markets and institutions across the Middle East, Southeast Asia, Africa, and increasingly in Western economies. The MBA program inherently adopts a global perspective, examining the principles and practices of Islamic finance in different regional contexts, analyzing the regulatory frameworks in various jurisdictions, and exploring the challenges and opportunities of the global Islamic financial system. The diverse student body, often including professionals from various countries with established or emerging Islamic finance sectors, further enriches the global learning environment by bringing different perspectives and experiences to classroom discussions.
Location
Bolton
Score
IELTS 6.5
Tuition Fee
£ 15950
Postgraduate Entry Requirements
Academic Qualifications: Applicants should have successfully completed a bachelor's degree or its equivalent from a recognized institution with a minimum overall score of 60% or equivalent.
English language proficiency:
- IELTS: A minimum overall score of 6.5 or 7.0 with no individual component below 6.0.
- TOEFL: A minimum overall score of 79.
- PTE Academic: A minimum overall score of 59.
- Some postgraduate programs may have specific subject prerequisites or additional requirements.
The University of Greater Manchester offers a variety of scholarships to support international students in financing their education. These scholarships are designed to reward academic excellence and assist students in pursuing their studies in the UK.
Global Futures Scholarships: The university provides the Global Futures Scholarships, which offer financial support to international students. These scholarships are available to both undergraduate and master's students holding an offer for full-time study on campus in Manchester.
Equity and Merit Scholarships: The university offers Equity and Merit Scholarships to academically excellent international students. These scholarships are available to postgraduate taught students commencing their studies. The scholarships aim to support students who demonstrate strong academic performance and their chosen field of study.
Engineering the Future Scholarships: The School of Engineering at the University of Greater Manchester provides scholarship awards to academically excellent international students commencing their postgraduate taught studies. These scholarships aim to support students pursuing careers in engineering and related fields.
Graduates from the MBA in Islamic Finance program at the University of Greater Manchester acquire a unique and valuable skillset, blending core business administration expertise with a deep understanding of Sharia-compliant financial principles. This specialized knowledge opens doors to a variety of leadership and specialist roles within the expanding global Islamic finance sector.
Islamic Banking Manager: Graduates can lead and manage various functions within Islamic banks, overseeing Sharia-compliant product development, customer relations, and operational efficiency.
Sharia Compliance Officer/Consultant: Graduates can ensure that financial institutions and their offerings adhere to Islamic law, conducting audits, providing guidance, and developing Sharia-compliant frameworks.
Islamic Finance Analyst/Investment Manager: Graduates can analyze investment opportunities and manage portfolios according to Islamic principles, working for Islamic banks, investment firms, or conventional institutions with Islamic windows.
Takaful (Islamic Insurance) Executive: Graduates can hold leadership positions within Takaful companies, managing underwriting, claims, and the development of Sharia-compliant insurance products.
Sukuk (Islamic Bonds) Specialist: Graduates can be involved in the structuring, issuance, and trading of Sukuk, contributing to the growth and development of Islamic capital markets.
Islamic Wealth Management Advisor: Graduates can provide financial planning and investment advice to high-net-worth individuals and families seeking Sharia-compliant wealth management solutions.
Islamic Microfinance Manager: Graduates can lead initiatives focused on providing Sharia-compliant financial services to underserved communities, promoting financial inclusion.
Islamic Finance Consultant: Graduates can offer their expertise to organizations looking to enter or expand their operations within the Islamic finance industry, providing guidance on Sharia compliance and market strategies.
Product Development Manager (Islamic Finance): Graduates can lead teams responsible for creating and innovating new Sharia-compliant financial products and services to meet evolving market needs.
Academic/Researcher in Islamic Finance: Graduates with a strong academic inclination can pursue careers in teaching and research, contributing to the growing body of knowledge in Islamic finance and related fields.
