Islam is the largest growing religion in the world, and conventional banking practices are incompatible with the beliefs of its followers. Nearly one-fifth of the world’s population need the services of those with an MBA in Islamic Finance.
What is an MBA in Islamic Finance? It is a Master of Business Administration degree that deals specifically with the banking and financial issues that are important to Muslims. As globalization brings the followers of Islam and Western business leaders together, demand for this degree has steadily increased. Students are taught the advanced business and management techniques necessary to become leaders but with a focus on providing financial solutions for Islamic companies. Topics of study include sharia practices and how they differ from conventional banking methods.
The reasoning and analytical capabilities of program participants are enhanced along with their leadership, research and communication skills. Graduates are able to create financial strategies for companies that value the traditions of Islam. They also understand how Islamic banking products can compete in a globalized economy. While speaking Arabic may not be required, a familiarity with common Arabic financial terms is developed to facilitate interaction with non-Western clients.
The cost of these programs will vary depending on which university is attended. The admissions departments of institutions under consideration can provide detailed information about the costs of tuition and other fees.
After completing a degree, graduates are ready for senior management level positions in banks, insurance companies, and investment firms that deal directly with Islamic countries and corporations. Some students may find work abroad, and many are hired directly by international firms that specialize in Islamic markets. Working for an Islamic bank, a graduate may be employed as a product development manager or as a banking adviser. Some regulatory agencies also hire these graduates to oversee compliance with Islamic practices.
It is important to research options as soon as possible. Many students prefer the traditional classroom setting, but online coursework offers excellent educational opportunities as well. For working professionals and international students, online universities provide degree programs that fit within busy schedules and geographic limitations. Search for your program below and contact directly the admission office of the school of your choice by filling in the lead form.
The Masters of Business Administration (MBA) programme at the Suleman Dawood School of Business (SDSB) at LUMS provides an intense and demanding academic experience, involving two years of full-time study. [+]
The AUST MBA program seeks to satisfy the quality assurance standards set by world-class business programs accreditation organizations such as AACSB and the Association of MBAs. [+]
The Islamic Banking concentration will provide you with a detailed understanding of Islamic financial operations, financial markets, laws and regulations, institutions, and financial products. The program examines Shari’ah as the framework of Islamic law, and how it shapes practices in the banking and financial system, and provides and in-depth understanding of banking and financial practices based on... [+]