Master of Applied Finance (Islamic Banking and Finance)
The UOWD's Master of Applied Finance - Islamic Banking and Finance in UAE is suitable for students and professionals who are keen to acquire critical knowledge and skills in areas related to Islamic banking and finance. This highly sophisticated program will equip you with the knowledge and skills to be able to carry out vital Islamic financial operations whilst keeping you up-to-date with the latest changes and well-versed in the intricacies of Islamic Sharia financing and its objectives. You will come to understand the complex Islamic Banking and Investment Products and assess alternative Islamic Insurance (Takaful) and Re-insurance (Re-Takaful) products.
Spring - January
Summer - June
Autumn - September
On top of this, the syllabus will allow you to develop an in-depth knowledge of the complex relationships between central banks, regulators, markets and society across a range of different Islamic banking and finance contexts.
Islamic Banking is one of the world’s fastest growing sectors. Students and graduates of the Master of Applied Finance (Islamic Banking and Finance) program typically work as:
- Islamic Market Stockbroker
- Islamic Finance Director
- Islamic Finance Advisor
- Finance Strategist
- Fund Manager
Globally accredited, internationally relevant
All Business programs at the University of Wollongong in Dubai are accredited by the Commission for Academic Accreditation (CAA) of the UAE Ministry of Education – Higher Education Affairs and are licensed by the Knowledge and Human Development Authority (KHDA). Also, all Business programs of the University of Wollongong are accredited by The Association to Advance Collegiate Schools of Business (AACSB).
All MAF programs are also quality assured by UOW Australia, which is registered with the Australian Tertiary Education and Quality Standards Agency (TEQSA), the national regulator of higher education in Australia. Upon graduation, students can choose either a degree certificate from UOWD or a degree certificate from the University of Wollongong Australia.
The requirement to graduate from a single specialisation MAF program is twelve (12) subjects.
The program will normally take you five or six semesters to complete (based on three semesters per year with summer as an optional semester and two subjects per semester). At this rate, the degree can be completed in two years or less. Classes are held 6:00pm - 9:30pm, Sunday to Thursday. Each subject requires one evening of attendance for 13 weeks.
If you have joined UOWD in spring 2016 or later, your program of study is as follows:
|Level||Subject Code||Subject Name|
|Common Finance Foundation||FIN924||Financial Statement Analysis for Business|
|ECON939||Quantitative Economic Analysis|
|FIN926||Advance Managerial Finance|
|Specialisation Subjects||FIN930||Islamic Banking and Finance|
|FIN931||Advanced Islamic Banking|
|FIN932||Islamic Insurance (Takaful) and RE-insurance|
|FIN934||Islamic Capital Markets|
|FIN959||Enterprise Risk Management|
|Electives*||FIN925||Banking Theory and Practice|
|FIN956||Banking, Lending and Securities|
|FIN933||Special Topics in Islamic Banking and Finance|
|ECON928||Economics for Modern Business|
|Capstone Project||FIN960||Research in Financial Markets and Institutions|
*Students are required to choose one electives from the approved list.
Dr Kashif Saleem
PhD, Economics and Business Administration, Lappeenranta University of Technology, Finland; MSc Economics, Swedish School of Economics and Business Administration, Finland; MSc Business Economics, University of the Punjab Pakistan; BCom Auditing and Accounting, University of the Punjab, Pakistan
He is a member of the Multinational Finance Society, the Graduate School of Finance, Finland, the Eurasia Business and Economics Society...
If you joined UOWD prior to Spring 2016, please click here.
For more information on fees and scholarships, entry requirements, application procedures, academic timetabling and information about credit for prior learning, please follow the links below: