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Master of Business Administration (Islamic Finance) - MBA

Why study this course?

The MBA (Islamic Finance) will develop your knowledge and practical training in the fundamentals of business management and the specialised world of Islamic finance. The core modules cover accounting, leadership and marketing while the Islamic finance modules will introduce you to areas related to this growing sector that has increasing graduate demand and is used by no less than one-fifth of the world’s population. By collaborating with professionals and students from other disciplines, you’ll be surrounded by opportunities to collaborate and grow your own personal network as you progress onto a career in Islamic finance.

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Our MBA (Islamic Finance) covers the most important aspects of business administration, while introducing you to the principles of Islamic finance and exploring your potential for leadership within this industry.

The modules focus on the core of every business including strategic management, human resources, marketing, communications and operations and more. The research modules provide you with the space to conduct your own investigations into an area of business you want to focus on.

For the specialist Islamic finance modules, you’ll explore the underlying principles of sharia-compliant finance and how this influences credit risk, market risk and operational risk.

Our teaching staff and visiting academics, who you’ll meet both informally and formally through lectures and social events, are experts in areas including finance, banking, management and leadership.

Throughout the MBA you’ll collaborate with students from a variety of professions and disciplines. Your training is supplemented by regular informal learning activities including the weekly student-led Business Breakfast; a monthly dinner; networking events; meetings with business leaders; entrepreneurs and consultants and lively charity fundraising events in the City of London.

We’ll provide regular coaching sessions to help improve your career potential, while you can also make use of our Careers and Employability Unit to help you find new roles in preparation for life after the MBA.

Assessment

You’ll be assessed through individual and group work. This is likely to come in a variety of forms including reports, portfolios, presentations, videos, conferences and competitions, enabling you to develop the skills to master a multitude of situations in the world of Islamic finance and banking.

You will be required to have:

  • a minimum of a 2.2 degree in any subject discipline (or equivalent)
  • GCSE Maths and English grade C (grade 4 from 2017) or above (or equivalent eg IELTS 6)
  • at least two years’ post-graduation experience in a managerial role (evidence of this will need to be confirmed by two letters of reference)  

A university application form will need to be submitted. This includes a detailed statement to support your application to the course. You should also submit an up-to-date CV and copies of award certificates.

All applicants must be able to demonstrate proficiency in the English language. Applicants who require a Tier 4 student visa may need to provide a Secure English Language Test (SELT) such as Academic IELTS. For more information about English qualifications please see our English language requirements.

The modules listed below are for the academic year 2017/18 and represent the course modules at this time. Modules and module details (including, but not limited to, location and time) are subject to change over time.

Year 1 modules include:

  • This module currently runs:
    • spring semester - Monday morning
    • autumn semester - Monday morning

    The module will enable students to develop skills in the interpretation and financial statement analysis to enhance decision making process.

    The course provides an understanding of how the value of businesses is captured in financial statements. It focuses on fundamental accounting concepts, principles and techniques in relation to financial statements analysis.

    The module will also explore management accounting techniques and examines their use in management decision making.

    Finally, the module will link financial statement analysis to corporate financial strategy using different cases to illuminate understanding.

    Read full details.
  • This module currently runs:
    • all year (September start)
    • all year (January start)

    This module is the essential integrative and concluding module for the MBA course and involves all MBA and MBA pathway students. It seeks to bring general and specialist areas of the course together and enable students to undertake a research project which investigates an organisational or a sector issue with the aim of making ethical and socially responsible recommendations for the future of the organisation or sector. The module also enables students to communicate the aims, process, findings and recommendations of the research in accessible and engaging formats suitable for diverse audiences.

    The full report of the research project will be between 8,000-9,000 words in length. In addition students will produce a summary of the aims, process, findings and recommendations of the research suitable for communicating with a business audience (1,000 words equivalency). This will be in a medium of the student’s own choice, and could be, for example, an article, a website, a video, a poster or a brochure. Each student will have completed a research proposal prior to commencing the module which should form the basis of the research project. The project will be agreed by the module leader and the student will then be assigned a supervisor.

    Read full details.
  • This module currently runs:
    • spring semester - Thursday afternoon

    This module deals with the key operations of Islamic banks. It deals with the Islamic financial markets, scope and instruments, the concepts of venture capital, investment funds, unit trusts, securitisation and Sukuk in accordance with Islamic principles. It also explores co-operation between conventional and Islamic financial institutions.

    Also, the module is to acquaint the students with characteristics and trends in the emerging capital markets. It provides the students with comprehensive understanding of conventional and Islamic markets in terms of instruments, regulations, level of maturity, depth and sophistication.

    It deals extensively with various Islamic capital products, with a focus on structure of Islamic funds, sukuk, derivatives, leverage and hedges.

    Read full details.
  • This module currently runs:
    • autumn semester - Friday afternoon

    This core module supports the development of the learner through their engagement with Leadership and Strategic Management theory and further develops their on-going leadership skills through the application of theory to practice. It will also prepare and develop them for an organisational leadership and/or management role. Key features of the module are an emphasis on effectiveness in a leadership role together with doing this in a socially and ethically responsible manner. The module draws on a wide-range of academic research and professional experience. It introduces core leadership and strategic management concepts and encourages students to develop a critical, analytical approach to solving work-based leadership/ management issues. Students will develop an awareness of different theoretical perspectives so that the complexity of managerial work is explored rigorously. The module explores a range of strategic and operational perspectives through academic research and an examination of work-based issues. It encourages students to adopt a reflective approach on current practice and critique academic theory in relation to their future leadership and management development. This module contains a strong experiential learning approach.

    Read full details.
  • This module currently runs:
    • autumn semester - Monday afternoon
    • spring semester - Monday afternoon

    This module is core for all MBA and MBA pathway students. An MBA programme has a significant role to play in developing its students as responsible and evidence informed management practitioners. This module challenges the criticism often levied at business research and the teaching of research methods by adopting a learning-centred, reflective and integrated approach. This will support all MBA students’ understanding of research-informed practice and research methods. It will prepare them to undertake and to communicate a business research project which links context with management theory, evidence and practice. It will provide a firm foundation in the philosophical and practical factors that characterise business research, the opportunity to critically analyse and evaluate recent research studies and support the development of a research proposal. In this way it will support the development of the research-related management knowledge and skills necessary for professional development and the decision making processes appropriate to management practitioners

    Read full details.
  • This module currently runs:
    • autumn semester - Friday afternoon
    • spring semester - Friday morning

    This core module covers the major dimensions of marketing management, including marketing research, marketing strategy, marketing communications and operational management, and how they interrelate.

    The module culminates in bringing all the marketing dimensions together with a view to implementing them in a real business environment. This will support students’ learning of theoretical knowledge and practical skills to help them succeed in the modern business environment.

    Read full details.
  • This module currently runs:
    • spring semester - Monday morning
    • autumn semester - Monday morning

    This core module captures the crucial importance of people as a route to organisational success. The module explores the ever changing and fast paced contextual environment within which the contemporary organisation must function; in particular it examines contextual issues around globalisation, diversity and cross cultural management; and discusses how organisational human resource management practices can respond effectively. The module seeks to emphasise the powerful, strategic and pivotal role HRM can play in building and sustaining organisational capabilities and acknowledges the intersectionality of cross cultural management.

    Read full details.
  • This module currently runs:
    • autumn semester - Thursday afternoon

    This module provides an insight into the development of Islamic Finance, one of the fastest growing sectors in the global financial system. It will explore the key concepts, financial products and practical operations of the sector. It will also look at the underlying principles of sharia-compliant finance and highlight key differences to conventional finance practices.
    Delivery will be a combination of lectures, seminars and small group discussions with learning supported by web based learning resources, self-directed reading and industry expert external speakers.
    Students will be issued with a module handbook, and guidance on reading, most of which will be available through the Learning Centre, others through Weblearn.

    Read full details.

Core modules:

  • Accounting and Finance for Managers
  • Leadership and Strategic Management
  • People and Organisations: Principles and Practices in Global Contexts
  • Marketing, Marketing Communications and Operations

Islamic Finance modules:

  • Principles of Islamic Finance and Economics
  • Islamic Banking and Capital Markets

Research-focused modules:

  • Management Learning and Research
  • Business Research Project

This MBA is a re-launch of our original MBA course, of which graduate and banker Gaurav Gajjar had this to say:

"I continue to benefit from [the student diversity and the real-life opportunities] in the multicultural and diverse markets I deal with on a daily basis. In addition it helped me hone my management and leadership skills helping me attain my goals.”

Read more about Gaurav's MBA experience.

Graduates of the MBA may continue in their existing careers or choose to explore new opportunities. Recent graduates of our business related degrees are employed by companies including Oxademy, ALDI, Schwab Versand Hanau, Sapa, UBM plc, Carillion, Hanson Hispania SA, Triometric and BNP Paribas. They work in management roles in the fields of international sales, area management, business development and client services.

Collaborative and international links

The MBA programme has close links with ESoft, Sri Lanka’s largest education network, and Islington College Nepal. London Met’s experience in delivering cultural variations of this MBA abroad means you’ll be learning from globally connected teaching staff in London.

Moving to one campus

Between 2016 and 2020 we're investing £125 million in the London Metropolitan University campus, moving all of our activity to our current Holloway campus in Islington, north London. This will mean the teaching location of some courses will change over time.

Whether you will be affected will depend on the duration of your course, when you start and your mode of study. The earliest moves affecting new students will be in September 2018. This may mean you begin your course at one location, but over the duration of the course you are relocated to one of our other campuses. Our intention is that no full-time student will change campus more than once during a course of typical duration.

All students will benefit from our move to one campus, which will allow us to develop state-of-the-art facilities, flexible teaching areas and stunning social spaces.

Additional costs

Please note, in addition to the tuition fee there may be additional costs for things like equipment, materials, printing, textbooks, trips or professional body fees.

Additionally, there may be other activities that are not formally part of your course and not required to complete your course, but which you may find helpful (for example, optional field trips). The costs of these are additional to your tuition fee and the fees set out above and will be notified when the activity is being arranged.

How to apply

Use the apply button to begin your application.

When to apply

You are advised to apply as early as possible as applications will only be considered if there are places available on the course.

Fees and key information

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