Islamic Banking, Finance and International Business MSc
City Campus , United Kingdom
Islamic Banking, Finance and International Business MSc
University of Dundee
Islamic Finance & International Business
Program Overview: Islamic Banking, Finance and International Business MSc
The Islamic Banking, Finance and International Business MSc at the University of Dundee is a distinctive postgraduate program delivered in collaboration with Al-Maktoum College of Higher Education. This unique partnership combines Dundee's established expertise in traditional finance and economics with Al-Maktoum's specialised knowledge of Islamic banking, finance, and wider Islamic studies.
You will develop a thorough understanding of Shari'ah-compliant financial operations, Islamic commercial law, and the workings of Islamic capital markets, while also exploring internationalisation strategies and strategic business decisions. Islamic financial institutions now operate in over 75 countries worldwide and have become highly influential in the global financial landscape, making this qualification increasingly valuable.
The program also offers the opportunity for an eight-week internship matched to your chosen industry, organised by the School of Business. Exclusive internship opportunities with the International Waqf Fund are available, giving you hands-on exposure to real-world Islamic finance organisations and enhancing your career readiness.
Key Program Highlights
- Unique dual-institution delivery in collaboration with Al-Maktoum College, combining traditional finance expertise with specialised Islamic studies
- AACSB-accredited School of Business, meeting the highest international standards of excellence in teaching, research, and curriculum
- Exclusive internship opportunities with the International Waqf Fund and industry-matched placements organised by the School of Business
- One of very few MSc Islamic Finance programs of its kind available in the United Kingdom, offering a rare specialisation
Curriculum & Modules
The MSc Islamic Banking, Finance and International Business consists of nine modules across two semesters plus a dissertation or applied project. The curriculum blends core Islamic finance theory with international business strategy, equipping you with both specialist and transferable skills for the global marketplace.
Islamic Financial Markets and Instruments
20 creditsExamine the nature of Shari'ah-compliant capital markets, their structure, products, applied models, and working mechanisms. You will critically discuss asset screening methodologies, Shari'ah compliance issues, and the role of Islamic capital markets in economic development.
Risk Management in Islamic Banking and Finance
20 creditsGain an advanced understanding of the theoretical aspects and contemporary applications of Islamic banking and insurance systems. This module covers risk identification, measurement, and mitigation strategies specific to Islamic financial institutions.
Islamic Commercial Law
20 creditsDevelop an understanding of the concepts and principles of Islamic law and their application in commercial transactions. You will gain advanced knowledge of various contracts in Islamic commercial law, their contemporary applications, and the critical evaluation of modern Islamic financial products.
Internationalisation Strategies
20 creditsExplore strategic issues faced by firms operating in a global environment. You will be introduced to various economic concepts of competition, outsourcing, production decisions, market concentration, and the implications of different market structures.
Strategic Decisions for Business
20 creditsUnderstand and apply analytical frameworks for strategic decision-making in business contexts. This module covers competitive strategy, incentive structures in organisations, and the tools needed to evaluate complex business decisions.
Digital Islamic Finance and Blockchain Technology
20 creditsExplore the intersection of digital technology and Islamic finance, including blockchain applications, fintech innovations, and their implications for Shari'ah-compliant financial services. This module prepares you for the rapidly evolving digital landscape in Islamic finance.
Elective Modules & Specialisation Options
Admission Requirements
The University of Dundee welcomes applications from graduates across a range of academic backgrounds. To be considered for the Islamic Banking, Finance and International Business MSc, you should meet the following academic and language requirements. Contact Uni4Edu to discuss your eligibility and begin your application.
Academic Requirements
- Minimum DegreeA UK Lower Second-Class Honours (2:2) degree or international equivalent
- Subject BackgroundAny subject area that has enabled you to develop analytical and quantitative skills
- Work ExperienceNot required, though relevant professional experience is welcomed
- TranscriptsOfficial academic transcripts from all previous higher education institutions
- Pathway OptionPre-Masters pathway available for applicants who do not meet direct entry requirements
English Language Requirements
- IELTS AcademicOverall 6.0 with minimum 5.5 in each component (Listening, Reading, Writing, Speaking)
- TOEFL iBTOverall 78 with Writing 23, Listening 19, Reading 18, Speaking 18
- Other TestsContact Uni4Edu for a full list of accepted English language qualifications
Required Documents
Application Deadlines
For personalized admission guidance, document verification, and application support, please contact Uni4Edu
Scholarships & Funding
The University of Dundee offers several scholarship opportunities for postgraduate students. Students on this program who secure a university scholarship also automatically receive the Al-Maktoum Living Support fund, providing additional financial assistance throughout the academic year.
Vice Chancellor's Scholarship / Global Excellence Scholarship
Merit-based scholarships for outstanding international students. Recipients automatically qualify for the Al-Maktoum Living Support of GBP 3,000, paid in ten monthly instalments of GBP 300.
International Excellence Scholarship
Available to outstanding applicants from outside the United Kingdom, this scholarship provides financial support for talented individuals pursuing postgraduate studies at Dundee.
Country-Specific Scholarships
Varies by country of originTargeted scholarships offered to students from specific countries and regions. Contact Uni4Edu to check your eligibility based on your nationality and academic profile.
For detailed tuition fee information, please contact Uni4Edu — we will guide you through the costs and available funding options for this program.
Career Prospects
Graduates of the Islamic Banking, Finance and International Business MSc are well-positioned for careers in the rapidly expanding global Islamic finance sector, which operates across more than 75 countries. The program's combination of Shari'ah-compliant finance expertise and international business strategy opens doors to diverse roles in banking, consulting, and financial services.
Potential Career Roles
Typical Employer Sectors
Rankings & Recognition
The University of Dundee is a well-established institution with a strong track record in national and international rankings. Its School of Business holds AACSB accreditation, placing it among an elite group of business schools worldwide, and the university was named Scottish University of the Year 2025 by the Daily Mail University Guide.
| Subject | Ranking Body | Rank |
|---|---|---|
| Business & Management Studies | THE Subject Rankings | #401 |
| Business & Management | QS Subject Rankings | 301-350 |
| Finance (Overall Satisfaction) | National Student Survey | #1 in Scotland |
| AACSB Accreditation | AACSB International | Accredited |
How to Apply
Applying for this program is easy with Uni4Edu. Our team will guide you through every step of the process — from document preparation to final enrolment.
Contact Uni4Edu
Reach out to our team via email or phone. We will assess your profile and confirm your eligibility for this program.
Prepare Your Documents
Our advisors will provide you with a personalised checklist of required documents and help you prepare your application package.
Submit Your Application
Uni4Edu will submit your application on your behalf and keep you updated on its progress throughout the review period.
Receive Your Offer
Once accepted, we will help you understand your offer, arrange visa support if needed, and guide you through the enrolment process.
Similar Programmes
Master's & Postgraduate
12 months
International Marketing and Finance MSc
University of Dundee, Dundee City, United Kingdom
Earliest Intake
November 2025
Gross Tuition
23000 £
Master's & Postgraduate
12 months
Islamic Banking and Finance
Prifysgol Bangor University, Bangor, United Kingdom
Earliest Intake
September 2026
Gross Tuition
19500 £
Master's & Postgraduate
12 months
Management and Finance
Prifysgol Bangor University, Bangor, United Kingdom
Earliest Intake
September 2026
Gross Tuition
19500 £
Bachelor's Degree
36 months
Finance and Investment\t
University of Kent, Canterbury, United Kingdom
Earliest Intake
October 2025
Gross Tuition
20700 £
Bachelor's Degree
48 months
Finance and Investment with a Year Abroad\t
University of Kent, Canterbury, United Kingdom
Earliest Intake
October 2025
Gross Tuition
20700 £
Uni4Edu AI Assistant
