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Diploma in Islamic Banking and Finance

Qualification Title Diploma in Islamic Banking and Finance
EduQual Level 7
QCF / RQF / EQF Level * 7
Credits 120

* Equivalent level. See Qualifications Can Cross Boundaries for a comparison of the UK and European Qualifications Frameworks.

Whilst the principles underpinning Islamic Finance have existed for hundreds of years, the modern industry did not start to develop until 1975 with the establishment of the Islamic Development Bank. It has grown rapidly – in 2014 alone, the global market (measured by assets) grew by 12% to $2 trillion.

As Islamic Finance evolves to be more competitive and increasingly sophisticated, demand for Islamic Finance talent is set to grow. EduQual is keen to contribute to the expansion and enrichment of Islamic Finance knowledge, skills and understanding and as such, we have developed a postgraduate-level Diploma in Islamic Banking and Finance.

Programme Specification

The qualification consists of the following four units:

Unit Title EduQual Level EduQual Credits
Principles of Islamic Finance 7 30
Operational Islamic Finance 7 30
Economics in Finance and Banking 7 30
Islamic Finance and the Modern World 7 30

Learners can obtain academic credit (four modules) towards the MA Islamic Banking, Finance and Management, delivered by the Markfield Institute of Higher Education and awarded by Newman University (Birmingham). To be awarded the Masters degree, learners will need to complete four additional modules (including Research Methods) and a dissertation.