University of Dundee United Kingdom

Islamic Finance MSc

Integrated Masters with deeper specialization and research focus
Taught in English
Duration 1 Years
Mode On Campus
Level Postgraduate
Degree Masters Degree
Closing soon September 2026

Course Overview

The Islamic Finance MSc at the University of Dundee offers you a comprehensive exploration of a rapidly growing global financial sector that operates on ethical principles. You will delve into the intricacies of Shariah-compliant capital markets, examining their structure, products, and applied models. This postgraduate degree is ideal for those seeking to understand and navigate the unique challenges and opportunities within Islamic banking and finance, including critical discussions on asset screening methodologies and the role of these markets in economic development. You will gain an advanced understanding of the accounting and reporting frameworks specific to Islamic Financial Institutions (IFIs).

This full-time, on-campus Master's degree is studied over one year, providing you with an immersive learning experience. You will engage with modules covering Islamic financial markets and instruments, accounting and auditing within Islamic banking, and business ethics, management, and governance from an Islamic perspective. The curriculum is designed to equip you with practical skills through a significant Islamic Business Project Report, where you will apply your knowledge to solve real-world issues, such as sustainability and climate change. You will graduate with a strong foundation in both Islamic and traditional finance, preparing you for diverse career paths in the global financial industry.

Course Curriculum & Details

Detailed information for serious evaluators

Program Overview

This MSc in Islamic Finance provides a comprehensive understanding of the principles and practices within Islamic financial markets. You will explore Islamic financial instruments, accounting standards, and ethical considerations in business and governance. The program also delves into the Islamic moral economy and equips you with skills for prototyping and product development in Islamic banking and finance, culminating in a significant project report.

1 Semester 1

Islamic Financial Markets and Instruments
Accounting and Auditing in Islamic Banking and Finance
Islamic Business Ethics, Management and Governance

2 Semester 2

Moving Up to Business
Islamic Business Project Report
Islamic Moral Economy and Finance
Prototyping and Product Development for Islamic Banking and Finance

Cost & Affordability

A clear picture of what this course will cost you

Program Costs

First Year Fee Tuition fee
USD 31,089.00
Total Program Cost Estimated total tuition
USD 31,089.00

Currency note: Program costs shown in USD based on the available tuition breakdown.

Living Costs

Accommodation
USD 694.00 - USD 1,264.00
Food & Groceries USD 4,833.00 - USD 6,444.00
Transport USD 967.00 - USD 1,128.00
Utilities & Bills USD 2,417.00 - USD 6,847.00
Estimated Total USD 8,217.00 - USD 14,419.00

Living cost estimates are based on Dundee Campus.

Outcomes & Employability

What happens after you graduate

89%
Graduate Employment Rate Within 6 to 12 months of graduation

Common Graduate Roles

Aerospace ManufacturingAirport Infrastructure & Aviation SecurityAlternative Aviation Fuel & SustainabilityAviation Maintenance & RepairBanking & Financial ServicesCorporate Finance & TreasuryFinancial Technology (Fintech)Insurance & Risk ManagementPrivate Equity & Venture CapitalUnmanned Aerial Vehicles (Drones)

Top Employers Hiring for this course

Lloyds Banking Group

NatWest Group

The Methodist Church

Why Study Islamic Finance MSc at University of Dundee

What makes this program stand out

September 2026 Closing soon

Next intake is in September 2026

Very Fast Application response time

University of Dundee typically responds to applications within 1 - 2 days, giving you clarity on your options quickly.

Life at University of Dundee in United Kingdom

What daily life looks like for international students

Language

English

Primary language everywhere

Climate

Mild & Rainy

10-20°C average, pack layers

Safety (Numbeo Safety Index)

Very Safe

Exeter is one of UK's safest cities

Frequently Asked Questions

Common questions about Islamic Finance MSc at University of Dundee

Can I work while studying?

International students enrolled in degree courses can work up to 20 hours per week during term time. Full-time work is allowed during breaks, and no separate work permit is needed.

What English language score do I need for this course?

To enroll, you must meet specific English language requirements. For TOEFL, the overall score should be 80, and for IELTS, it should be at least 6.0.

What jobs can I get after studying this course?

Potential job titles include Financial Analyst, Investment Consultant, Risk Manager, Compliance Officer, Islamic Banker.

What will I actually study in this course?

This course explores the financial system rooted in Islamic ethics, focusing on sharia-compliant money management and Islamic commercial law. You'll also learn about the global influence of Islamic financial institutions and the workings of Islamic capital markets.

When can I start — what are the intake months?

The intake month for the Islamic Finance MSc program is September. Ensure you apply in advance to secure your place.
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