Islamic Finance MSc at University of Dundee

Programme overview

This MSc covers the principles of Islamic finance, banking and political economy alongside the basics of conventional finance. It combines traditional Islamic knowledge with modern skills in banking, finance and Islamic studies.

Faculty: Faculty of Science, Engineering and Business | Department: School of Business | Duration: 12 months full-time | Intake: January 2027, September 2027, January 2028 | Study mode: full-time | Location: Dundee, Scotland, United Kingdom

What you will study

Areas covered include Islamic commercial law, Islamic capital markets, the operations of Islamic banks and financial markets, risk management in Islamic financial institutions, contemporary issues and debates, and how Islamic finance differs from other types of finance. An optional eight-week summer internship is available.

Career pathways

Typical roles include Islamic finance consultant, Shariah compliance officer, investment analyst, ethical finance adviser and international banking specialist, in Islamic banking, international finance, consultancy and ethical investment. The programme is AACSB and ICAEW accredited. The Centre for Entrepreneurship offers start-up support.

Official programme page

Application information

Entry requirements

UK Honours degree at third-class or above in any subject that has developed analytical and quantitative skills. English language (international applicants): IELTS Academic 6.0 overall with 6.0 writing and 5.5 in listening, reading and speaking; TOEFL iBT 80 overall (writing 19, listening 17, reading 18, speaking 20); PTE Academic UKVI 64 overall; LanguageCert Academic 60; Trinity ISE II Merit. Nationals of some countries are exempt. International College Dundee pathways are available for applicants not meeting the grade requirement.

Domestic applicants: GBP 11,000 a year. Fee year not stated on source (fees page lists entry dates Jan 2027, Sep 2027, Jan 2028). Same fee for Scotland, rest of UK and Republic of Ireland. Source

International applicants: GBP 23,700 a year. Fee year not stated on source (fees page lists entry dates Jan 2027, Sep 2027, Jan 2028). before scholarships; may rise each January by up to 5% or CPI, whichever is higher. Source

Intake: January 2027, September 2027, January 2028

Duration: 12 months full-time

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