Diploma in Islamic Finance Course 2017

The following list of courses were prepared from the relevant institutions website. Please contact the institutions for further detail. islamic finance courses-1

Dissertation Topics in Islamic Finance and Economics (Updated)

These are dissertation or thesis proposal. Researcher are free to develop based on these themes. These proposal includes the banking, producti development, risk management, performance, economics, corporate governance, marketing, information technology, strategic management, human resource management, micro financing, Sharia board, 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

Compare the customer deposits between Islamic and conventional bank

The sources of uses of funds in Islamic banks – country or region specific comparative analysis

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

Transferring from conventional to Islamic banking

Current account contracts in Islamic banking : A comparative study between Islamic contracts of Amanah, Qard Hasan, Wadiah

Dominance of sales and lease based transactions in assets of Islamic banks  : comparative study.


Islamic Financial Instruments

Islamic Financial Instruments development

The role of Sharia’a boards in Islamic financial instrument development

Islamic banking product to help the international trade

Murabaha or Ijara : The best financing

Mudaraba or Musharaka : The best equity financing

Murabaha Financing vs. Conventional leasing: cash flow and risk analysis


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

Developing Islamic financial instruments to ease the interbank transaction


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


Bank’s failure

Analysis of Islamic banking failures

Why Islamic banks does are more resistance to failure

Corporate governance, accounting and Risk management


Risk management in Islamic banks

Risk management practices comparative analysis for conventional and Islamic banks

Credit risk management of Islamic banks/Islamic financial institutions (IFI)

Liquidity risk management of Islamic banks (IFI)

Asset and Liability management of Islamic banks/IFI

Commercial risk management of Islamic banks/IFI

Sharia compliant risk management of Islamic banks/IFI

Performance and credit risk management of Islamic banks

Performance and ALM of Islamic banks

Profitability and risk management of Islamic banks and IFI

Analysis of derivatives instruments by Islamic banks


Islamic derivatives markets

Hedging techniques used by Islamic banks (country or regional specific)

Effectiveness of hedging techniques used by Islamic banks

Is profit rate swap and interest rate swap same in terms of payoff?

Differentiating conventional forward or future market with Islamic Salam based products

Options: developing Islamic options products

Developing Islamic hedging products based on Juala or bay al arbun contracts

Financial engineering in Islamic finance industry: Country comparison.

Financial engineering in Islamic finance for way forward ..





Corporate social responsibility

Islamic bank and corporate social responsibility

Islamic banking and poverty alleviation

Corporate Social Responsibility of Islamic Banks

CSR and profitability of Islamic banks

How corporate governance is different from conventional banking and Islamic banking




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

Performance of Islamic banks during the financial crises

Comparative analysis of performance of Islamic banks and conventional banks during the financial crises/ post or during.


Customer relationship, marketing and 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

Ethical marketing for Islamic banking


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

Knowledge management and Islamic finance education

Islamic banking and knowledge management

Knowledge Management in Islamic banks

Skill gap and recruitment gap for Islamic financial institution

Employer preference of Online versus traditional degrees in Islamic qualification

How effective Islamic finance education to cater the growing demand.


Sharia’a board

Sharia’a Boards in Islamic banks

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

How effective Sharia audits

Fatwa unification for Islamic banks

Standardization or harmonization of Fatwas in Islamic banking/IFI industry.



Islamic Economics

Fiscal policy Islamic economy

Islamic banking and (country’s) growth

Islamic finance industry and (Country’s) growth

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 socioeconomic development of Islamic economy and socialist economy

Comparative analysis of socioeconomic 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 economic growth

Islamic finance system and economic growth

Islamic banks in poverty alleviation

Economical functions of Islamic Financial Market

How Islamic banks can help in Economic Development



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


Valuing the Sukuk

Developing Hybrid Sukuk to cater various needs of Islamic banks or governments

Green Sukuk as corporate social responsibility.

Comparative analysis of conventional bonds interest rate with profit rates of Sukuk.

Risk management practices for Sukuk

Sharia compliant issues for Sukuk structuring

Development Sukuk market and country’s economic indicators

Compare Value at Risk between Sukuk and conventional bonds


Micro Financing

Micro Financing in Islamic finance industry: For country developments.

Islamic micro financing techniques

Structuring new products for Islamic micro financing

Micro finance increases access to credit for poor in developing countries

Social finance: gives access to charities and social enterprises access to finance.

Islamic entrepreneurial finance

Islamic social finance

Islamic Insurance

How ethical Takaful compared to conventional insurance

Comparative analysis of Takaful industry with conventional insurance (country or region specific)

Performance of Takaful industry

Customer perception of Takaful system

Developing Takaful model

Private Equity and Venture capital

Islamic venture capital bank

Islamic mode of financing for venture capitalists

Islamic private Equity investments

Islamic financing for startups

Mudaraba based PLS for venture capitalists

Vulture financing using Islamic contracts

Islamic Real Estate Market

Islamic mode of financing for real estate properties

Comparative analysis of Islamic and conventional Real estate financing

Filling a Niche for Islamic Banking


When Fabiola Nava Carrera told her friends that she was going to pursue a master of business administration degree in Islamic finance at a Malaysian university, they were taken aback.

“I was very interested in going there to see what was going on, because I knew nothing about Asian and Islamic culture,” said Ms. Carrera, a 27-year-old Mexican who had previously worked in international trade. “But my friends in Mexico couldn’t believe that I wanted to go to Malaysia, because they thought that it would be too dangerous or that the culture would be too different.”

Ms. Carrera went anyway. Last year, she was one of four students, three of whom were non-Muslim, who graduated from the inaugural class of the Universiti Tun Abdul Razak’s Global Islamic Finance M.B.A. program in Kuala Lumpur.

Read more at New York Times


Dh30m fund for university research

SHARJAH // The American University of Sharjah has given the go-ahead to three new research centres that will pave the way for work in fields as diverse as Islamic finance and archaeology.

The centres – for research into Gulf coastal ecosystems, Islamic finance and banking, and humanities and science – were approved last week by the university’s board of trustees, which gave the projects a Dh30 million endowment over five years.


The national at : http://www.thenational.ae/news/uae-news/education/dh30m-fund-for-university-research

Greener pastures open in banking sector

KOZHIKODE: The Muslim education institutions in Malabar have taken a cue from the state government in their interest towards Islamic banking.

While state government is expecting more funds to come to the state through the new banking system, the educational institutions here are gearing up to offer specialized courses anticipating a huge manpower requirement.

Though the RBI nod to start operations for the Islamic finance company Al Baraka Financial Services, promoted by state government’s Kerala State Industries Development Corporation, is awaited, the job market is abuzz with the enormous job potential it is likely to offer.

Islamic banking is an interest-free banking system operated in accordance with Sharia laws that prohibits taking or giving interest. Under the system, banks do not pay interests on deposits nor do they charge interest on loans. The money deposited is used to finance projects on ownership basis.

The fact that many graduates in the state have got lucrative job offers at MNCs in west Asia in companies offering Shariah-compliant mutual funds and venture capital funds has increased the lure for the courses.

“We have seen a growing interest for our postgraduate diploma in Islamic economics and finance (PGDIEF) course. Currently we offer 40 seats a year but the number of applicants last year was nearly 200,” said Mohammed Pallath, chief coordinator of the course at Al Jamia Al Islamiya, a religious college, at Santhapuram. The institution also offers diploma courses of IGNOU in Islamic banking, Islamic finance and Islamic insurance.

Shoukath Ali, a faculty member teaching Islamic finance at the institution, said that requirement for qualified professionals in Islamic finance will see a big rise once the non-banking financial companies (NBFCs) like Al-Baraka and other projects take off. He said that by adopting Islamic banking the state can channel billions of rupees needed for development activities.

There are many other institutions in Malappuram and Kozhikode which offer similar courses. The Elijah Institute of Management Studies in Thrissur has recently started offering a postgraduate diploma course in Islamic banking and management as an add-on course for their MBA students.

source : The times of India

Business schools turn to Islamic finance

As unemployment levels remain high in the West, finance students are being encouraged to gain expertise in Islamic banking so that they will be able to work in the Gulf states and in the wider Islamic world.

Universities are also exposing students to other non-conventional and ethical finance models that include eco-finance and micro-finance.

While universities in the United Kingdom and France have offered Islamic finance programmes for some years because of their large Muslim populations, Spain is also increasingly looking into these programmes.

The Instituto de Empressa (IE) business school in Madrid has been offering Islamic finance programmes for five years and partnered with Saudi Arabia’s King Abdul Aziz University (KAU) to launch the Saudi-Spanish Center for Islamic Economics and Finance (SCIEF) earlier this month.

Speaking at the event, Dr Ahmad Mohamed Ali Al Madani, head of the Islamic Development Bank, said the financial crisis had raised people’s concerns beyond profit margins into where their money is invested. Al Madani was acting rector of KAU from 1967 to 1972 and was Saudi Arabia’s deputy minister of education in the 1970s.

Business schools needed to respond accordingly and Spain was in a good position to do this considering the country’s Arabic heritage, he said.

“You look around and find that Islamic institutions are in the hundreds. Amounts of the assets are in the billions. The system proved that it can support economic systems and respond to big demand from people in different parts of the world.”

full story :

source : university world news

Business students turn to Islamic finance

It is no secret that conventional financial systems are not working and the sector is looking for alternative and responsible ways of doing business.
Islamic finance poses an ethical and non-conventional model and is currently the only area with strong growth, said Professor Ignacio dela Torre, Academic Director of the Master in Finance Programmes at Spain’s Instituto de Empressa (IE) Business School last week.
Dela Torre was speaking at the relaunch of the Saudi-Spanish Centre for Islamic Economics and Finance, a partnership between IE Business School and Saudi Arabia’s King Abdul Aziz University.
The relaunch coincided with a conference on “Islamic Finance in the 21st century”. He said when employment levels are high in the West, it makes sense for finance students to familiarise themselves with alternative finance models that also include eco-finance and micro-finance.
“From a macroeconomic point of view it makes sense that European governments and financial markets set up Islamic windows so excess liquidity can be channelled through some European financing markets with these structures.”
Expertise needed
“There is already $1 trillion (Dh3.67 trillion) of Islamic money and it is growing at 20 per cent with $200 million of additional Islamic money coming in every year,” said Dela Torre.
Students are showing interest in this area of finance and universities in the United Kingdom and France have responded to the demand early on. Over the past five years, IE has been offering Islamic finance programmes.
“When you travel to the Gulf, where 50 per cent of banking is Islamised, there are not enough people with skills and understanding of Islamic finance,” he said.
He added that from a career perspective it is wise to have knowledge of this area because those who work in conventional finance will sooner or later be faced with Islamic finance.
Dela Torre says the field is not difficult to understand once the basics are covered in the curriculum illustrated by the fact most expatriate professionals in the GCC’s Islamic banking sector are Americans and Indians.
Dr Ahmad Mohammad Ali Al Madani, Head of Islamic Development Bank, said since the financial crisis, people have become more concerned with where their money ends up once invested and not just profit margins.
Celia de Anca, professor of Islamic Finance at IE Business School, added that students are increasingly interested in financial sustainability and ethics.

source : gulfnews

Centre for Islamic finance planned at Durham University

DURHAM University will build on its role as a leading UK centre for teaching Islamic finance and business with a new doctoral training centre.

The Durham Centre for Islamic Economics and Finance is a collaboration between the University’s Durham Business School and the School of Government and International Affairs.

Durham has been a centre for research in Islamic finance for over 25 years, with a significant history of PhD study which will enter a new era with the launch of the centre in the autumn. The new centre will build on this success and the international popularity of the Durham Islamic Finance Summer School, which began yesterday.

Professor Rob Dixon, dean of Durham Business School, said: “Due to such exciting and dynamic developments in the Islamic financial and banking sector, it is important that financiers and bankers who are working in the field, or who wish to enter the Islamic financial market, are aware of the principles, operations, techniques and mechanism of Islamic finance and financial products as well as the dynamics of Islamic financial and capital markets.”

Dr Mehmet Asutay, the director of the summer school and a senior member of the new centre, said: “The centre will provide exclusive facilities for research students who have chosen to specialise in Islamic finance, which will enhance Durham University’s long-standing efforts to contribute to the development of academic and intellectual discourse and the practice of Islamic finance.

“It will also support the international reputation and recognition of Durham University.”

source : nebusiess.co.uk

Islamic finance boosted by Dockland’s UEL launch of degree courses

London’s first centre for Islamic banking and finance has been launchged by the Royal Docks-based UEL Business School,
Uni chiefs hope their postgraduate degrees at the new Islamic banking and finance Centre will make them a central player in one of the fastest growing financial sectors in the marketplace and a hub for international researchers in the booming field.

Speaking at the launch last week, UEL Vice Chancellor Professor Patrick McGhee said many months of hard work has produced “a genuinely exciting project”

Dr Omar Masood, Director of the centre, said: “Our aim is to be the UK’s leading international centre of excellence for human capital and business development in Islamic finance.”

Events administrator Mohsin Ramzin predicted many banks will create new divisions to trade with Islamic customers. He added:“We are hoping to market and exploit the new custom.”

source : london24.com