Master of Applied Finance (Islamic Banking and Finance)
The Master of Applied Finance in Islamic Banking and Finance 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.
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.
Globally accredited, internationally relevant
Because we’re licensed by the UAE Ministry of Education - Higher Education Affairs, through the Commission of Academic Accreditation, our students and graduates can be assured that our degrees are recognised throughout the UAE and internationally. 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.
Program duration and structure
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|
|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|
|FIN953||Banking and Financial Institution Law|
|FIN933||Special Topics in Islamic Banking and Finance|
|TBS905||Economic Analysis for Business|
|Capstone Project||FIN960||Research in Financial Markets and Institutions|
*Students are required to choose two electives from the approved list.
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: