Dissertation Topics in Islamic Finance

imagesSelection of a dissertation topic is complicated and time consuming task. In fact, it is the most important activity in dissertation writing. The students in Islamic Finance field should go for a dissertation topic that interests them and that has enough research-able material associated to it. The Islamic Finance students are not encourage to select a topic or area in which no researcher has done as they will have to face the problem in terms of information collection.

The selection of dissertation topic is not an imaginative activity. The student start the topic selection keeping their interest area and available information to them. The topic selection should happen on random basis as it will lead to problems in collecting information in that area.

The Islamic Finance students should spend time in researching journal, books, articles, news papers, essays, web and other written materials for information search in their chosen areas. There are lot of research articles, book and websites on Islamic finance field. The web can used by the students as main source of information as it have most of the libraries and periodicals or at least they have abstract of the research done. The students have to select several dissertation topics in their research area out of them, they will have to look for best suitable topic based on interest and selection criteria. The dissertation should be current and contemporary which will make the reader interested and find no problems in understanding the context.

Dissertation proposals – Doctoral Level and master level

These are dissertation or thesis proposal. Researcher are free to develop based on these themes. These proposal includes the marketing, information technology , strategic management, human resource management and contemporary thoughts.

The author expects contribution from the researchers and students for preparation of dissertation or thesis topic selection( These just sample can be modified as per user requirements)


Islamic banking
Islamic Financial Instruments
Islamic Financial Instruments development
The role of Sharia’a boards in Islamic financial instrument development
The sources of uses of funds in Islamic banks
Islamic banking product to help the international trade
Compare the customer deposits between Islamic and conventional bank
Murabaha or Ijara : The best financing
Mudaraba or Musharaka : The best equity financing

Cooperation with….
Study on How do Islamic bank cooperate with conventional bank in international trade
Study on How do Islamic bank cooperate with central banks in conventional environment
Structure and functions
The function of commercial banking: Compare the Islamic and conventional banks
Structure of Islamic bank : compare with the conventional bank
Internalization of Islamic banks
Customer relationship between the conventional and Islamic banks
Profit and Loss sharing mechanism of Islamic Bank

Interbank transaction of Islamic bank – current system and proposals
Interbank borrowing of Islamic banks
Tawarruq as a tool of interbank borrowing
Interbank bench mark for Islamic banks – proposals

Mergers and Acquisition
Cross border mergers and acquisition of Islamic banks
Do mergers or acquisition will affect the efficiency of Islamic banks
Islamic banks entry – from a country perspective

Corporate governance, accounting and Risk management
Risk management in Islamic banks

Corporate social responsibility
Islamic bank and corporate social responsibility
Islamic banking and poverty alleviation
Corporate Social Responsibility of Islamic Banks

Performance of Islamic bank and conventional bank in a selected country
Measuring the productivity of Islamic banking
Islamic Banks performance in industrial lending
Measuring the performance of Islamic Banks

Customer relationship, marketing, strategy
Investigating the Customer Relationship Management in Islamic banks – (case can be taken from any bank or country perspective)
Investigating the customer loyalty in Islamic banks
Identifying the competitive strategy of Islamic banks: a comparison with conventional banks
Developing a model for customer loyalty in Islamic banks
Brand management of Islamic Financial institutions
Customer loyalty for Islamic banks
Consumer behavior for Islamic credit cards

Customer perception of Islamic banking windows in Conventional Banks
Investigating the CRM activities in Islamic Banks
Switching behavior of Conventional banks to Islamic Banks – An international perspective

Credit crises
Islamic mortgage system as a solution for current credit crises
The effect of credit crises in Islamic banking
Measuring the effect of credit crises in Islamic Banking
Islamic banks less affected by credit crises

History, development and challenges
Development or establishment of issues of Islamic banking – in particular country or region
Islamic Banking in (country) – Development, perspectives and evolution
Challenges faced by the Islamic banks
Challenge: Arabic terminology – Merits and demerits

Islamic banking and knowledge management
Knowledge Management in Islamic banks
Skill gap and recruitment gap for Islamic financial institution

Sharia’a board
Sharia’a Boards in Islamic banks
Influence of religious boards or Sharia’a councils in Islamic banks

Islamic Economics
Fiscal policy Islamic economy

Inflation in Islamic economy

How Islamic economy can reduce the inflation

Contribution of Islamic economy in infrastructure development of developing country

How the choices made by human race in Islamic economic system with scare resources
Is resource scare in Islamic Economy?
Opportunity cost from Islamic Economics perspectives
Reducing the effects of climate change
Development of SME in Islamic based economies
Islamic economy and Adams Smith a comparative study
Labor migration in Islamic economy
Unemployment and Islamic economic system
How Islamic economic system can reduce the unemployment
Solution for unemployment under the Islamic economy
Poverty alleviation in Islamic economy
Islamic economic model as solution for global economic crises
International trade under Islamic economic model
Foreign exchange depreciation and appreciation in Islamic economic model
Micro finance in Islamic economy
How Market equilibrium decided in Islamic economy
Comparative analysis of socio-economic development of Islamic economy and socialist economy
Comparative analysis of socio-economic development of Islamic economy and capitalistic economy
How the Islamic economic models contribute to the productivity increase
Contribution of Islamic economy for financial stability and macroeconomic gains
Capital mobility in Islamic economic system
Islamic finance system and economical growth
Islamic finance system and economical growth
Islamic banks in poverty alleviations
Economical functions of Islamic Financial Market

Islamic Capital Market
How does an Islamic financial market works
Investment: An Islamic perspective
Development or Growth of Islamic capital market
The products in Islamic capital market
Filtering the stocks for Islamic investments

New topics (latest edition)
Analysis of derivatives instruments by Islamic banks
Comparative study of Islamic and Conventional banks
Compare Value at Risk between Sukuk and conventional bonds
Credit Risk Management in Islamic and Conventional Banks: Analysis
Derivatives instrument used in Islamic Finance
Financial engineering in Islamic finance industry : Country comparison.
How corporate governance is different from conventional banking and Islamic banking
How Islamic banks can help in Economic Development
Islamic banking experiences : A country comparative analysis or study
Islamic Banking in the ……. (country): Opportunities and threats
Islamic Banking Theories and Practices : country analysis
Islamic banking windows/ system into Conventional Banking Systems
Islamic Finance: As an alternative social responsible and ethical investing.
Islamic Financial Institutions and Products
Legal and ethical issues in Islamic banking
Liquidity Risk Management in Islamic and Conventional Banks: Analysis
Micro Financing in Islamic finance industry : For country developments.
Murabaha Financing vs. Conventional leasing: cash flow and risk analysis
Transferring from conventional to Islamic banking
Current account contracts in Islamic banking : A comparative study between Islamic contracts of Amanah, Qard Hasan, Wadiah


142 thoughts on “Dissertation Topics in Islamic Finance

  1. Salam,

    All the topics are very interesting. however, I am looking to do a law dissertation on Islamic banking, do you have a research topic that I could use as a starting point to my investigation, keeping in mind that my supervisor have general knowledge about Islamic banking, but not sharia?
    Can you reply ASAP, please.


  2. information is really good . i am from india but i want learn basics of islamic banking and comparison between conventional n islamic banking and i want do diploma in islamic banking also ….jazak allah khair


  3. Salaam,

    I want to to write on the legal side of Islamic finance, can you please let me know about a topic. And where can I find material on the topic. Thanks in advance.


    • You can do research about the regulation of the country and Islamic finance. For example how Islamic finance has been adapted in UK within their financial regulations.


  4. Thank you for this informative article. I hope to initiate my phd in finance soon inshallah. My uni have option of phd in finance only not islamic finance as such, but Islamic Finance comes within domain of finance and I do hope they allow me research in Islamic Finance as I am very much curiius as to how they compare performance wise to interest based system in the long term.


  5. Thank you for this informative article. I hope to initiate my phd in finance soon inshallah. My uni have option of phd in finance only not islamic finance as such, but Islamic Finance comes within domain of finance and I do hope they allow me research in Islamic Finance as I am very much curious as to how IFS compare performance wise to interest based system in the long term.


    • You can do the research with comparison of conventional finance with islamic finance in terms of profitability or liquidity. Wish you all the best with your PhD


  6. I want to do a thesis about Islamic banking in the Netherlands. We don’t have yet an Islamic bank, however there are a lot of muslims living here. The central question shoudl be ”wheter there is potential interest from the costumer side to have an Islamic bank in The Netherlands”. Currently there are living almost 1 million muslims in The Netherlands. and this group is growing. My problem is that the central question should be formed better.maybe you have some advice? Thank you in advance.


    • You can do a market study about the demand for islamic financial products in Netherlands. This can include what type product the consumer wanted, what is total demand etc,,,


  7. Bismillah. I’m a master student in Indonesia. islamic banking is rapidly growing in my country, but unfortunately there are many violations of sharia rule in the implementation of those islamic banking, I really want to do research related to this problem. Do you have any advise about the thesis topic? Jazakillah


  8. Dear Brother,


    I saw all the topics are very good. I am a Ph.D student in Applied Mathematics and Statistics. I want you to recommend me a topic that could be extended through Mathematics and Statistics. Also if you can refer some mathematical work which has done in this area. I mean any modelling and analysis in this area.
    Kindly reply as soon as possible.


  9. Assalam alaikum
    I have interest in undertaking a Phd [by research] in Inlamic banking/finance.
    My intention is to research and compare the position of Islamic and that of Christianity in relation to Interest [riba].
    What is your view on the area?
    Can you advise, please.
    Thank you.


  10. assalamualaikum, Thank you for your suggestions may Allah bless you amen. Please I am trying to work on Islamic exchange traded funds and will appreciate if dr. can provide me some suggested topics under this area. Thank you. Zahra


  11. Assalamouallaikum,
    Dear Doctor,
    Thank you for this informative article. I have interest in undertaking a PhD in Islamic finance.Please I am trying to work on Islamic financial markets (particular capital markets in Pakistani context) and will appreciate if Dr. can provide me some suggested topics under this area.


  12. Assalam alaykum Dr,

    Jazaakumullahu khayran for the listed topics. I am thinking of dropping my topic of The impact of capital structure on the profitability of Islamic banking: Evidence from Nigeria,due to lack of data in my country. I have submitted and passed research proposal on this topic and i am about to start my dissertation proper. In Nigeria,the annual report of Jaiz bank which is the only bank doing full fledged non-interest banking is less than 5 years. please i need your advise on topics on islamic finance. Although, i did finance (Msc) but i have interest in islamic finance.


  13. assalam u alykm:
    i am persuing PhD in commerce with broad research area Islamic banking and finance from an Indian university. i have completed course work and now to decide about my research topic, all though some interesting topics are given above but in India there is not formal Islamic banking, after reviewing the literature on the area it seems hard to find any research gape of Indian scenario. taking data availability into consideration i am thinking about study on potential of Islamic banking in India. now your worthy suggestions can direct me towards right side, suggest some research areas about Islamic banking in countries where it isn’t formally launched. that will be the kindness..


    • Sukuk is a new area. Not many thesis has been done on it. I am also interested at this topic for my PhD. Maybe comparative study of type of asset-based and asset backed sukuk as defined by AAOFI.


  14. asalamu alikykum
    i m SHARIQ AHMAD BHATfrom kashmir india i m student of commerce and i would like to do phd in islamic finance i dont have any knowledge regarding this topic so please suggest me some journals and books and topics in islamic finance so that i can help my country to implement islamic finance in india also


  15. Assalamu Alaikum brother am from india here no islamic finance or banking but am interested to do Phd in this topic corporate and shariah governance in islamic finance it is suitable to do suggest me in this regards


  16. Assalamualaikum,

    I would like to take a PhD in Islamic finance. I am interested in Takaful and microtakaful.
    Would you please give me any suggestion for the topics?
    And do you think these topics fall under management, or are they more into economics?

    Thank you very much. Desperately need your help.


  17. asalamu alikum

    brother I m from indian occupied Kashmir, I want to pursue my PHD in Islamic finance and I want suggestion from u in relation to the topic,,,,Islamic finance: untapped source for enhancing financial inclusion in india….is it good or not,,,,

    thanking u


  18. Aslam-u-Alikum
    Dear editor & readers
    Can anyone suggest me any topic for my mini dissertation (3rd year UG) which could be linked to the islamic banking as I’m so much interested in this field and want to do further studies in this area.
    My course is Business management so if there’s any topic relate to management field will be so helpful
    Rizwan student of UK university


    • Walaikum Assalam, I am doing exactly the same and have the same problem. I want to do Islamic finance related topic. If someone could please suggest me too.



    • Assalamouallaikum,

      I want to do research in Mathematics. I need literature that could help me doing research further in Islamic Banking or any relevant Islamic finance related topic.
      Is there any research available?
      Kindly reply me as soon as possible.




  19. Salam,I am a phd student in islamic banking and finance and i wanna good topic for my research proposal so please can you help me?


  20. salam
    could you help to research “measurement of financial performance of islamic and conventional micro-finance instruments: an analysis”


  21. asalam alikum I am a phd student in islamic finance (Pakistan) please suggest some good topic related islamic economic system (except Islamic banking)
    i want to do research on Islam and taxation




  23. Hii This is very helpful i am looking into islamic finance and economic development but i dont know how to frame it and also i had prefer topics quantitative in nature…..thank you


  24. Assalamualaikum Dr.,

    My background is in Economics and have taken Islamic financial economics before, so now my intention is to pursue into phd., the situation now is I live in a small country with majority is Muslim and have very few banks including international and locals. The thing is we just started islamic banking recently and not much data for references. My question is, in what aspect/insight of islamic should I look at for doing my phd that I can relate with economics?

    Thank you in advance.


    • Since you are in country where Islamic finance at the initial stage, think about opportunities and challenges for islamic finance.


  25. Salaam: I am student of MBA and now i am going to do my research so i need a best research topic in Islamic finance so plz any one can help me.


  26. I want to do a thesis about Islamic banking in the Nigeria and the islamic bank was established 4 yrs ago. I need your advice on appropriate area for research thesis in our country


  27. Assalamouallaikum,
    Dear Doctor,
    Thank you for this informative article. I have interest in undertaking a bachelor degree in banking and finance. i wanna good topic for my research proposal so please can you help me?
    thanks for your
    ALLAH bless you


  28. Assalamu Alaikum i am from pakistan, Finance Phd student and planing to do research in islamic finance specially in Risk management. can You plz guide me for a topic ?


  29. Assalamualaikum Dr.

    Im currently doing Master in Islamic Banking & Finance, I am interested in Takaful in Malaysia, but the problem is lots of researcher already done on it. May you Help me? Would you please give me any suggestion topics for thesis? This is my first thesis . Thank you.


  30. Asalamu alikum, i am a phd research schloar feom management studies, we have an international conference on Islamic Banking and i have to present a paper there. Can you please suggest me a best topic for that. I am from Kashmir


  31. Assalamualaikum,

    I would like to take a PhD in Islamic finance. I am interested in Takaful and Performance measurement.
    Would you please give me any suggestion for the topics?

    Thank you very much. Desperately need your help.


  32. AoA
    Respected Admin
    i am phd scholar. I would like to research on Financial Performance of Takaful Industry.
    plz give me some direction and guideline.

    Best Regard


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