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

Masters and Masters of Business Administration programs in Islamic Finance

MBA in Islamic Finance courses are becoming attractive among the professionals in the Islamic finance with the emergence of Islamic finance and banking. There are number of universities and institutions are conducting the MBA MSc MA in Islamic finance globally including top UK universities. The following are some of the institutions conducting the Islamic finance MBA as Major, concentration, electives and specializations. The author expects contributions from the readers and institutions to make database.

Please note that the editor is not responsible for any loss or damage due to following a course in unaccredited institutions. Please make sure about credibility of the institutions.
Masters, MA, MSc or MBA Islamic Finance Middle East region

Middle East
Masters in Islamic Financial Management (MIFM) – Effat University, Jeddah, KSA

EMBA Specialization in Islamic Finance – Cass Business School – Dubai

MBA in Islamic Finance – University College of Bahrain

MBA with Islamic Finance concentration – American University of Middle East Kuwait

MBA with specialization in Islamic finance and insurance – Gulf University of Science and Technology Kuwait

MBA Finance with electives in Islamic Finance – Institute of Management Technology Dubai

Islamic Finance MBA and Masters UK and Europe


MA/MSc in Islamic Finance Programme – Durham University, UK

MSc – Islamic Accounting and Finance – University of Dundee – UK

MSc – Islamic Banking and Finance – University of Glarmogan

MSc – Islamic Finance – Aston Business School , Aston University UK

MSc Finance & Law with Islamic Finance – Newcastle University – UK

MSc – Islamic Banking and Finance – University of Bedfordshire – UK

MA in Islamic Banking, Finance and Management – Markfield Institute of Higher Education – UK

MBA in Banking and Finance with optional modules in Islamic Finance – The Bangor Business School at Bangor University UK

MSc Investment Banking and Islamic Finance – University of Reading

Master of Business Administration in Islamic Finance – University of Aberdeen UK

MBA Islamic Banking & Finance – London School Of Business And Finance UK

MSc Islamic Banking and Finance – Salford Business School, University of Salford UK

MBA Specialization with Global and Islamic Finance – Hochschule Bremen University of Applied Sciences, International Graduate Center Germany

Executive Master
Principes et Pratiques de la Finance Islamique – Université Paris-Dauphine

Geneva Business School – Masters in Islamic Finance

South East Asia
Islamic Finance MBA and Masters Malaysia and Indonesia

MBA with concentration in Islamic Finance – International Islamic University of Malaysia

MSc in Islamic Finance – Institute of Islamic Banking and Finance (IIUM) – Malaysia

MBA with electives in Islamic Finance – Universiti Industri Selangor (UNISEL) Malaysia

Masters program in Islamic Finance – Insania University, Malaysia (E learning course)

MBA in Global Islamic Finance – Graduate School of Business Universiti Tun Abdul Razak Malaysia

Masters in Islamic Finance (MIF) – INCEIF Malaysia

MBA Muamalah – Selangor International Islamic University College (KUIS) – Malaysia

Masters program in Islamic Finance, economics and Banking – Institute of Economics and Finance – Universitas Trisakti Jakarta, Indonesia

Islamic Finance MBA and Masters Pakistan

MBA Banking And Finance with Islamic finance modules – Mohammad Ali Jinnah University Pakistan

Master in Banking & Finance – with Islamic finance modules – University of South Asia Pakistan

MBA in Islamic Business and Finance – RIPHAH International University Pakistan

MBA Islamic finance and takaful as electives  – Hailey College of Banking and Finance,

University of the Punjab, Pakistan

MBA in Islamic Business & Finance – RCIB & Meezan Bank Pakistan

MBA In Islamic Banking And Finance – Dadabhoy Institute of Higher Education Pakistan

MBA Finance with electives in Islamic Finance – International Islamic University Islamabad

MBA with concentration in Islamic Finance – University of Central Punjab Pakistan

MBA Finance with electives in Islamic Finance – GIFT University Pakistan

Master of Islamic Banking and Finance – Australia

Master of Islamic Banking and Finance – La Trobe University – Australia

Online Islamic Finance and Banking MBA


Msc in Islamic Finance – (Online) London School of Business and Finance UK

MBA in Islamic Finance – EUCLID University (Online)

Centennial College launches Islamic finance course

Toronto’s Centennial College is offering a groundbreaking course in Islamic finance for the first time this fall. The UK-based Chartered Institute for Securities & Investment has accredited the college as its first Canadian training provider delivering the Institute’s Islamic Finance Qualification (IFQ) – the first international benchmark in the area of Islamic finance.

Islamic Finance and Investment is an online college course that teaches the fundamentals of Islamic banking. The course content draws from the sources of Islamic Law, including the Quran and Hadith.

“We’re absolutely delighted to bring this course to Toronto,” says David Johnson, Dean of Centennial’s School of Business. “There is tremendous interest in Islamic finance within the Canadian banking community. It’s a concept that has become very popular globally beyond the borders of Islamic nations.”

Among other stipulations, Islamic banking does not recognize the charging of interest, and instead requires transactions to be based on strict collateral. Loan products such as home mortgages can comply with Islamic principles by being structured like lease-to-own arrangements or other means that require a repayment structure in lieu of interest.

“Islam does not allow one to make money from lending money but certainly allows the person to conduct business for profit. It promotes the concept of risk and reward sharing,” says Rehan Saeed, a Centennial instructor and a member of the Islamic Finance Advisory Board. “The economic outcome of a transaction from an interest-bearing loan or a simple trade-based transaction can be exactly the same, but the underlying mechanics are different.”

“There is no doubt that Canada, and Toronto in particular, are engaged fully with the increasing role for Islamic finance,” says Ruth Martin, Managing Director of the Chartered Institute for Securities & Investment. “We are very pleased that the IFQ will contribute to the development of the skill base in this dynamic field.”

The Chartered Institute for Securities & Investment is the largest professional body for those who work in the securities and investment industry in the UK and in a growing number of global financial centres. Evolved from the London Stock Exchange, it has more than 40,000 members in 89 countries. In the past year it has set almost 40,000 exams in 49 nations, covering a range of vocational qualifications.

source : newswire.ca

Education : LSBF MSc in Finance Programme is #4 in the Financial Times 2010 Listings

In April 2010 the LSBF MBA Online Programme was listed 19th in the Global Financial Times Online MBA Listings 2010. A few months later London School of Business and Finance, one of only two private institutions in London, was awarded the Highly Trusted Sponsor status by the UK Border Agency. Now according to the latest FT Master in Finance Programmes 2010 Listings, the LSBF MSc in Finance Programme is listed 4th.

The LSBF MSc in Finance course is a groundbreaking Master’s degree programme, designed to reflect the latest trends in the business world. The MSc in Finance Programme combines the expertise of award-winning lecturers, qualified accountants and experienced consultants, with relevant, highly marketable real-world skills. The programme offers a wide range of specialist pathways to choose from, including cutting-edge subjects like Islamic Finance, Risk Management, and International Banking.

source : melodikanet

General Council for Islamic Banks and Financial Institutions selects Pearson VUE for online exam delivery

The General Council for Islamic Banks and Financial Institutions (CIBAFI) has announced that it will deliver tests online for the first time in its history after agreeing to a partnership with Pearson VUE.

Formed in 2001, CIBAFI is a non-profit organisation based in Manama, Bahrain which provides information and services to the Islamic Financial Services Industry (IFSI).

CIBAFI, through the International Center for Islamic Finance Training, recently launched its Certified Islamic Bankers (CIB) qualification – the first ever internationally recognised Islamic banking certificate – to target candidates around the world. From August, the initial five-year partnership with Pearson VUE – the global leader in computer-based testing – will ensure that Islamic bankers have greater access to the prestigious award via a network of over 5,000 test centres worldwide. Initially, the exam will be delivered in Arabic but will later be made available in English and French to further increase global accessibility.

Dr. Ezzedine Khoja, Secretary General for CIBAFI said: “We are delighted to administer tests in partnership with Pearson VUE. The agreement shows our dedication to making CIBAFI exams more accessible to Islamic bankers not only in the Middle East but around the world.”

Suzana Lopes, Pearson VUE, VP Sales and Marketing EMEA, added: “This partnership will help to ensure that CIBAFI offer even more accessible and recognisable awards. Our status as the global leader in computer-based testing, combined with our ability to deliver a full suite of testing solutions, will ensure that we meet all of CIBAFI’s future needs.”

source : ame

Research Papers, Seminar proceedings and books in Islamic finance/economics for research candidates

It is often difficult to find the resources when writing a dissertation or thesis proposal.  Some times the candidates are forced to stop their research work as lack of access to resources or do not have access in Islamic finance and economics. Countries like UK, Pakistan, Malaysia and Bahrain have some institution to fulfil this need.  But others are facing this problem.

There are some institutions having e-library are great assets to such students. Some libraries are free and few are charging fair fees.

Islamic Research and Training Institute (IRTI)

This website contains research publication and books in Islamic finance and economics. 

Publications available are English, Arabic and French language.

Link  http://www.irtipms.org/PubAllE.asp

http://www.irtipms.org/PubAllF.asp for french

http://www.irtipms.org/PubAllA.asp for arabic

Aston launches Islamic finance degrees

In a move to meet the growing demand for training in Islamic banking techniques, Aston



Business School, in pitain’s industrial heartland, will launch both an MSc and a phD programme in Islamic banking from September.Islamic Finance and Business, set up with sponsorship from the chief executive of Dubai-based Surgi Tech, the surgical instrument company, to conduct research as well as teach degrees.

The degrees will be taught at the £1.5m El Shaarani Centre for

The 12-month MSc course, which has been developed to meet the growing global interest in Sharia-compliant finance and business, will teach both conventional and Islamic finance techniques, including the economic, financial and legal environment in which the Islamic financial services industry operates. Students will be able to study modules in Islamic economics, Islamic commercial law and Islamic accounting.

“Sharia-compliant finance and business has become increasingly relevant in the global economy,” says Omneya Abdelsalam, course director. “The El Shaarani Centre for Islamic Finance and Business …(is) continuously developing new programmes for the next generation of Islamic economists and business leaders. It will deliver a program of high-quality research, raise awareness of Islamic Finance and Business, provide a forum between the Western and Muslim worlds of learning and therefore become a leading global resource for bodies ranging from government bodies to industry and the media.”

source : abs.aston

Counselling Sessions With Markfield Institute Of Higher Education in Islamic Finance

The Markfield Institute of Higher Education (MIHE), situated near the city of Leicester in the UK, is a pioneering institution in the field of Islamic education and research, offering a wide range of Postgraduate Certificates, Postgraduate Diplomas, Masters and PhD programmes validated and awarded by the University of Gloucestershire, according to a press release. The courses currently offered by MIHE include Islamic Banking and Finance, Islamic Education, Islamic Studies and Muslim Community Studies.

In 2009, MIHE signed two Memorandums of Understanding in Brunei – one with Bank Islam Brunei Darussalam (BIBD) for the provision of training in Islamic Banking and Finance for BIBD’s staff, as well as another with Universiti Islam Sultan Sharif Ali (UNISSA) for cooperation in the area of higher education.

MIHE is accredited by the British Accreditation Council and approved by the United Kingdom Border Agency as a Tier 4 student sponsor. Representatives from MIHE have been visiting Brunei very regularly since 2008 for the purpose of establishing cooperation with educational institutions in Brunei and for promoting the Postgraduate Courses available from them.

source : brudirect

Reference sources for Dissertation or Thesis in Islamic Finance or Economics (Islamic Magazines, Periodicals and Journals)

List of Magazines, periodicals and journal published to promote Islamic finance, Islamic banking and Islamic economics around the world in English.

New Horizon – Institute of Islamic banking and Insurance – UK

True Banking – Bi monthly magazine published by Al Huda Center of Islamic Banking and Economics (CIBE) Pakistan

Global Islamic Finance Magazines – UK

Business Islamica Magazine – UAE                  

Islamic Finance Asia –

Islamic Banking and Finance – UK

Islamic Finance Today – Sri Lanka

Islamic Business and Finance Magazine – UAE

The Review – Central Bank of Bahrain

MIF Monthly – Malaysia

Halal Journal – Malaysia

Shirkah – Swiss

Journal of King Abdul Aziz University – The economics department

Islamic Research and Training Institute Journal

Journal of Islamic Economics, Banking and Finance (JIEBF) – Quartely Islami Bank Training and Research Academy

International Journal of Islamic and Middle Eastern Finance and Management –

Online magazines

Islamic Banking and Finance News –  Al Huda Center of Islamic Banking and Economics (CIBE) Pakistan




Islamic Finance and Investments – Al masrifia

Journal of Islamic Awarness – Kuwait