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The Master of Science (MS) in Islamic Finance is a specialized program that teaches qualitative and quantitative methods of analysis in both Islamic and conventional finance.
This innovative program has been developed to offer students a unique opportunity to leverage a strong multidisciplinary and interdisciplinary graduate education across a range of core subjects. It also enables participants to pursue a specialization in one of several important areas, including Islamic Finance and Sustainable Finance.
The mixed philosophy of the program enables graduates to attain the skills needed to understand the global financial system, and proposes viable alternatives to existing models by blending guidance from Shari’a with modern scientific knowledge and the techniques of economics and finance.
This master’s program is one of an extremely limited number of top-tier specialized Islamic finance programs globally. By emphasizing practical as well as theoretical aspects of Islamic finance, students are better able to address global opportunities and participate effectively in business and financial sectors.
Islamic banking in Qatar constitutes approximately 25 percent of local banking activity. The MS in Islamic Finance program is focused on giving graduate students a greater understanding of the practical business applications of Shari’a.
Furthermore, the engagement of our faculty members in leading financial scholarship in global academia, as well as their close partnership with the industry and government, ensures that the program directly speaks to current affairs and developments in the financial and economic sectors.
A 36-credit degree program taught over two years in English that includes:
- Four core courses (12 credits)
Course Name Islamic Financial Contracts Islamic Banking and Financial Markets Islamic Corporate Finance and Financial Engineering Research Methods - A choice of two concentrations (6 credits)
Course Name Islamic Finance
- Islamic Asset, Funds and Portfolio Management
- Analysis of Financial Statements with Applications to Islamic Banks
Sustainable Finance
- Sustainable Finance and Impact Investing
- Islamic Economics and Sustainable Development
- A choice of three electives out of nine options (9 credits)
Course Name Applied Quantitative Methods Behavioral Islamic Economics and Finance Fintech and its Islamic Finance Applications Legal, Regulatory and Institutional Aspects of Islamic Finance Principles and Objectives of Islamic Law Strategic Management in Islamic Finance Independent Studies Internship A course from the PhD catalog* *Students can select an elective from the courses offered within the PhD program.
- Thesis (9 Credits)
Applicants seeking admission to the Master of Science in Islamic Finance program should have a bachelor’s degree with a strong academic record (minimum 3.0 GPA or equivalent) from a recognized institution in Economics, Business, Finance, Accounting, Shari’a, or a related field.
Please refer to the following table for a summary of the admission criteria:
| Program | MS in Islamic Finance |
|---|---|
| Required Field of Study | Economics, Business, Finance, Accounting, Shari’a, or a related field |
| Language Proficiency | IELTS: 6.5 or TOEFL:79 Further details about the language proficiency requirement and the process to seek exemption (where this is an option)are available on the website admissions.hbku.edu.qa |
Tuition Fees
| Program | Master of Science in Islamic Finance |
|---|---|
| Total Program Tuition Fees |
QAR 72,000 |
| Tuition Fees per Credit Hour |
QAR 2,000 |
| Total Program Credit Hours |
36 |
| Program Duration |
2 years |