Professional Diploma in Islamic Economics & Finance, Al-Maktoum College of Higher Education

Al-Maktoum College of Higher Education the United Kingdom

For more information about Professional Diploma in Islamic Economics & Finance at Al-Maktoum College of Higher Education, please visit the webpage using the button above.

The award

How long you will study
8 Month

Domestic course fees
find out

How you will study
full-time, part-time

Course starts
September, January

International course fees
find out

All study options

About Professional Diploma in Islamic Economics & Finance at Al-Maktoum College of Higher Education


Islamic economics is based upon principles in accordance with Islamic law (Shari’ah). Fundamentally dissimilar to the conventional systems, Islamic economics and finance concerns itself with social economic justice and human welfare. With respect to conventional banking, seminal texts have often referred to Islamic banking as a more ethical system, therefore making it relevant to discussions about its contribution to conventional system of finance and multiculturalism.

In the aftermath of the financial crisis especially, there is an increasing need among scholars of Economics and those working within the industry to identify and understand what Islamic Economics is about and to debate, in order to construct a comprehensive and integrated economic system.

The Islamic economic and finance sector has experienced significant growth in recent years with an annual growth rate of 10-15%, with over 500 Islamic Financial Institutions worldwide. Islamic finance is expected to be the mainstream finance in the Gulf region, Malaysia, and other part of the world in the next decade.

The programme will evaluate the implementation of Islamic finance according to Islamic Moral economic postulates and assumptions. It aims to develop students’ abilities to understand the regulatory framework for legitimate economic exchange and productive organisation; understand market imperfection from the Islamic Economic perspective. Moreover, the course will also examine the non-market institutions and their role in economic development and securing the welfare of the larger stakeholder.

This course may be suitable for students who:

  • wish to begin a career in Islamic banking and finance, or already working in the industry
  • have an interest in Islamic banking and finance

It may also be of interest to businesses that would like to develop their staff performance in the principles of Islamic Banking and Finance.

Course Information

The programme will improve students understanding of key Islamic economics, finance and banking concepts and practices. Students will learn of the complex structures and principles behind Islamic Banking and in doing so, will gain the necessary skills to engage in practical application. The programme will encourage students to evaluate the origin, concepts, and aims of Islamic economic in the micro and macro level and consider how it can be applied in practice.

Course Level

This programme is approved and credit-rated by the Scottish Qualifications Authority (SQA). It is available on a full-time or part-time basis.

The Professional Diploma is awarded at SCQF level 11

Study options for this course

  • The award How you will study How long you will study Course starts Domestic course fees International course fees
  • The awardSQAHow you will studyFull-time, Part-timeHow long you will study8 month
    Course startsSeptember, JanuaryDomestic course fees find outInternational course fees find out

Notes about fees for this course

Full tuition fee information can be found here

  • Scholarships available
  • Contact SAAS for loans and funding information

Entry requirements

A good undergraduate degree (or equivalent) in any subject.

Relevant work experience would be beneficial

Don't meet the entry requirements?

Consider a Foundation or Pathway course at Al-Maktoum College of Higher Education to prepare for your chosen course:

Related Information

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