Since the turn of the century, there is huge demand in Shari’ah-compliant financial products and services which has resulted in establishment of a large number of Islamic financial institutions as well as big multinational banks diversifying into Islamic banking. This has naturally led to an international demand for employees who are well versed in the principles and operations of Islamic finance.
ABE has worked closely with the Institute of Islamic Banking & Insurance (IIBI) to develop two optional modules within the existing Business Management qualification. ‘Concepts and Principles of Islamic Economics’ will be available at Diploma level (level 5), and ‘Islamic Finance’ will be available at Advanced Diploma level (level 6). Both modules are accredited by the UK regulatory authorities for qualifications.
Students who pass these two units are eligible for exemptions from certain units of the IIBI’s Post Graduate Diploma course subject to meeting the entry criteria and subsequently, IIBI students can go on to a Masters programme at the University of Durham.