The Master of Science in Finance - Islamic Finance programme provides an opportunity for highly motivated students to develop the dual knowledge and skills base necessary to understand modern conventional and Islamic financial markets, instruments and decision-making.
Complementing DePaul’s existing reputation in Finance, BIBF has sourced globally recognised experts in Islamic Finance to deliver the Islamic Finance courses.
The programme is structured to develop financial management professionals with the knowledge and proficiency to:
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Create sophisticated solutions to financial problems
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Structure and evaluate new financial instruments for both Islamic and conventional institutions
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Leverage resources for optimal profitability and productivity
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Develop strategic financial objectives
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Seize new business opportunities
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Mitigate corporate risk
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Improve investment decision making
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Analyse technical financial material
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Understand the technicalities of Islamic commercial and investment banking
The programme starts in March of each calendar year and runs for 15 months. August is a summer holiday, and December is a winter holiday. No classes are conducted in the holy month of Ramadan. Courses run for a maximum of 3 weeks. Students meet with DePaul professors 3 times per week; twice during the evening between 6:00pm - 9:30pm and in mornings on 3 consecutive weekends between 8:00am - 3:30pm. Weekends are usually Fridays for this programme. The Schedule for the Islamic Finance stream may slightly vary from the format stipulated.
Additionally, students will be required to attend the AAOIFI Annual Conference on Islamic Banking and the AAOIFI Annual Shar’ia Conference held during the year.
Students complete the Master of Science in Finance - Islamic Finance by taking a total of twelve courses. The MSF-IF degree is structured based on two specialisations and hence includes topics to be covered in both the conventional finance stream and the Islamic Finance stream. These are given below:
Prerequisites
GSB 420
Applied Quantitative Analysis
ACC 500
Financial Accounting
ECO555
Economics for Decision Making
Seven Finance Courses
ECO 555
Economics for Decision Making
FIN 555
Financial Management
FIN 523
Investment Analysis
FIN 524
Financial Statement Analysis
FIN 512
Commercial Banking
FIN 562
Derivatives and Risk Management
FIN 662
Advanced Derivatives and Risk Management
Five Islamic Finance Courses
FIN 798
Islamic Economics, Jurisprudence and Ethics
Accounting, Auditing and Governance for Islamic Financial Institutions
FIN 798
Islamic Commercial Banking
FIN 798
Islamic Investment Banking
FIN 798
Islamic Treasury, Risk Management and Capital Markets
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