12 months
18275 EUR/year
18275 EUR/year
Tuition fee
Apply date
Start date


This Islamic Banking and Finance programme at Heriot-Watt University Dubai has been emerged from a comparison of practice in postgraduate teaching in Islamic banking and finance globally.

Visit the official programme website for more information


This Islamic Banking and Finance programme at Heriot-Watt University Dubai is designed to offer students a sufficient coverage of theoretical frameworks, applied research, and the institutional and regulatory framework within which the industry operates for graduates to proceed to executive and senior managerial positions in Islamic banking and finance, both in private business and in central banks and regulatory authorities. 


The programme offers an understanding and applications of the core principles of Sharia jurisprudence (fiqh muamalat) and their influence on Islamic banking, Islamic corporate finance and capital markets through the practices of Islamic accounting and accountability, corporate governance, and regulation. It also enables students to evaluate the business models and financial instruments which are used in Islamic banking and financial markets.

The programme enhances students’ understanding of a comprehensive range of research techniques and their ability to evaluate critically academic research, professional research and pronouncements and financial media articles in the contexts of Islamic banking and finance. It also offers guest speaker sessions/workshops on contemporary developments in Islamic finance, delivered by industry practitioners.

This programme captures all cognate areas of Islamic banking and finance, plus several core subjects in finance and accounting. In addition, it enables students to exercise substantial autonomy and initiative during the dissertation project and other practical projects, working from, and building upon, research teaching linkages developed during the taught part of the programme to facilitate effective knowledge exchange.


The Dubai Campus is accredited by the Knowledge and Human Development Authority (KHDA) and fully licensed to teach its degrees in Dubai. All graduates receive a British degree that is accredited by Royal Charter in the UK.

Programme Structure

Courses include:

  • Islamic Banking and Finance: Principles and Practices
  • Islamic Jurisprudence and Financial Law
  • Corporate Finance
  • Corporate Governance
  • Research Methods
  • Advanced Topics in Islamic Corporate Finance
  • Research in Finance

Key information


  • Full-time
    • 12 months
  • Part-time
    • 24 months

Start dates & application deadlines




180 alternative credits


On Campus

Academic requirements

We are not aware of any academic requirements for this programme.

English requirements

IELTS admission requirements IELTS The International English Language Test System (IELTS) tests your English-language proficiency on a scale of 1 – 9. The score refers to the combined average score of 4 subjects (writing, listening, speaking, and reading).

Other requirements

General requirements

For MSc entry, a good relevant Honours degree (first or second class) or equivalent overseas qualifications will be considered. Given the clear practical element of the programmes, we will also consider non-graduate candidates holding less than a good Honours degree, or its equivalent, but with compensating qualifications or experience may be admitted to the Postgraduate Diploma programme. Transfer to the MSc will be possible later on if exams and course work are at MSc level.

Tuition Fee

  • International

    18275 EUR/year
    Tuition Fee
    Based on the original amount of 18275 EUR for the full programme and a duration of 12 months.
  • National

    18275 EUR/year
    Tuition Fee
    Based on the original amount of 18275 EUR for the full programme and a duration of 12 months.

AED 78750


Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

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Updated in the last 3 months

Check the official programme website for potential updates.

Our partners

Islamic Banking and Finance
Heriot-Watt University Dubai