Islamic Banking and Finance
Bangor , United Kingdom
MSc Islamic Banking and Finance
Bangor University (Prifysgol Bangor)
Islamic Banking and Finance
MSc Islamic Banking and Finance at Bangor University — Program Overview
Islamic banking and finance has emerged as a viable and increasingly important form of financial intermediation, gaining credibility worldwide and serving as the preferred banking method for one-fifth of the global population. The MSc Islamic Banking and Finance at Bangor University offers a rigorous opportunity to study the structure of the Islamic banking and finance industry, including its theoretical foundations, products, performance, Islamic financial instruments, and risk management issues — all within the wider context of the global banking and finance industry.
This program is particularly suited for candidates with some previous background in mathematics, statistics, or econometrics. Graduates benefit from Bangor's partnership with the Chartered Institute of Securities and Investment (CISI), which means they are eligible to take the CISI Level 3 Certificate in Islamic Finance without additional tuition. The program is also accredited by the CISI, covering a large proportion of the content for the Introduction to Investment professional qualification.
Additionally, students have the opportunity to follow the prestigious CFA (Chartered Financial Analyst) specialist pathway, acquiring the skills to complete the CFA Level 1 examination. Bangor University's Albert Gubay Business School, where this program is housed, holds an Athena SWAN Bronze Award, demonstrating its commitment to gender equality and diversity.
Key Program Highlights
- CISI-accredited program with eligibility for the Level 3 Certificate in Islamic Finance upon graduation
- CFA specialist pathway available to prepare for the CFA Level 1 examination
- Specialist focus on Shariah-compliant financial instruments, products, and risk management
- Taught within the wider context of global banking and finance, providing a comprehensive industry perspective
Curriculum and Modules
The MSc Islamic Banking and Finance program comprises 120 credits of taught modules and a 60-credit dissertation. September-intake students complete taught modules from September to June, while January-intake students study from January to June and September to January. The dissertation is undertaken during the summer period.
Islamic Finance
20 creditsProvides insight into topical issues relating to Islamic financial instruments and related risk management. The first part examines financial contracting, instruments, and intermediation issues, while the second part focuses on capital markets in Islamic financing, financial engineering, and risk management.
Islamic Banking
20 creditsExplores the key features of Islamic banking business, covering theoretical foundations, development of Islamic banking practices, characteristics of various Islamic banking products, and the operational features and competitive dynamics of Islamic banks versus conventional interest-based banks.
International Financial Markets
20 creditsProvides an overview of financial instruments in a multi-currency world, incorporating insights from portfolio theory concerning the relationship between risk and return, diversification of risk, and the pricing of assets.
International Banking
20 creditsExamines the origins of international banking, the activities of international banks, the markets in which they participate, and the sources of risk they face in the global financial system.
Financial Econometrics
20 creditsProvides advanced coverage of econometric methods and practices used to model financial and business data, equipping students with quantitative analytical skills essential for finance research and practice.
Research Methods and Dissertation
80 creditsEquips students with knowledge of intermediate and advanced research methods encountered in other modules and applied in the dissertation. The dissertation component allows students to undertake an independent research project on a topic within Islamic banking and finance.
Elective and Specialist Modules
Admission Requirements
Entry to the MSc Islamic Banking and Finance program is competitive and is based on academic merit, relevant experience, and individual circumstances. Applicants are judged on their individual merits, and factors such as age, work experience, and other considerations are taken into account. Contact Uni4Edu for guidance on your specific qualifications and eligibility.
Academic Requirements
- Undergraduate DegreeA 2:2 (Lower Second Class Honours) or above in a relevant subject such as economics, finance, accounting, or management
- Quantitative BackgroundSome previous background in mathematics, statistics, or econometrics is recommended for the MSc pathway
- Professional QualificationPossession of a suitable professional qualification with relevant practical experience may also be accepted
- International QualificationsEquivalent overseas qualifications are accepted; an International Incorporated Masters pathway is available for those who need additional preparation
- Individual AssessmentApplicants are assessed on individual merits including academic record, work experience, personal statement, and references
English Language Requirements
- IELTSOverall score of 6.0 with no element below 5.5
- Pearson PTE AcademicScore of 56 with no element lower than 51
- Cambridge English AdvancedScore of 169 with no element lower than 162
Required Documents
Application Deadlines
For personalized admission guidance, document verification, and application support, please contact Uni4Edu
Scholarships and Funding
Bangor University offers a range of scholarships and bursaries to help international students fund their postgraduate studies. No separate scholarship application is required for the International Scholarship — all applicants are automatically considered when they submit their program application through Uni4Edu. Contact Uni4Edu for the latest details on available funding.
Bangor University International Scholarship
Up to GBP 3,000Available to all international postgraduate taught students paying international tuition fee levels. Awarded based on course choice, academic performance, personal statement, references, skills, experience, and domicile. No separate application is required.
Bangor University Merit Scholarship
Up to GBP 10,000A competitive merit-based scholarship available to both undergraduate and postgraduate students who demonstrate outstanding academic achievement. Contact Uni4Edu for current eligibility criteria and application details.
Commonwealth Shared Scholarship Scheme
Full funding (tuition, stipend, travel)Jointly funded by Bangor University and the Commonwealth Scholarship Commission, this scheme offers fully funded scholarships for Masters study to eligible candidates from Commonwealth developing countries. Limited places are available each year.
For detailed tuition fee information, please contact Uni4Edu — we will guide you through the costs and available funding options for this program.
Career Prospects
Graduates of the MSc Islamic Banking and Finance program are well-positioned for careers in the rapidly growing global Islamic finance sector. The program's CISI accreditation and CFA pathway provide a significant competitive advantage in the job market, as professional qualifications on your CV help you stand out to future employers. The UK Graduate Route visa also allows international graduates to stay and work in the UK for up to two years after completing their degree.
Potential Career Roles
Typical Employer Sectors
Rankings and Recognition
Bangor University is a well-established institution founded in 1884 with a strong reputation for research and teaching quality. In the REF 2021, 85% of Bangor University's research was rated as world-leading or internationally excellent. The university is consistently ranked among the top institutions in the UK and is recognized globally for its academic contributions.
| Subject | Ranking Body | Rank |
|---|---|---|
| Business | EduRank | #67 in UK |
| Student Satisfaction | Complete University Guide | Top 30 in UK |
| Research Quality (REF 2021) | UK Research Excellence Framework | 85% World-Leading or Internationally Excellent |
| Teaching Quality | WhatUni Student Choice Awards | Top 5 in UK |
How to Apply
Applying for this program is easy with Uni4Edu. Our team will guide you through every step of the process — from document preparation to final enrolment.
Contact Uni4Edu
Reach out to our team via email or phone. We will assess your profile and confirm your eligibility for this program.
Prepare Your Documents
Our advisors will provide you with a personalised checklist of required documents and help you prepare your application package.
Submit Your Application
Uni4Edu will submit your application on your behalf and keep you updated on its progress throughout the review period.
Receive Your Offer
Once accepted, we will help you understand your offer, arrange visa support if needed, and guide you through the enrolment process.
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