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Islamic Finance, M.Sc.

  • Application Deadline
  • 24 months
The MS in Islamic Finance at Hamad bin Khalifa University is a specialized program that teaches qualitative and quantitative methods in the analysis of both Islamic and conventional finance.


The innovative Islamic Finance program from the Hamad bin Khalifa University has been developed in order to offer students a unique opportunity to enjoy a strong multidisciplinary and interdisciplinary graduate education across a range of core subjects. It also enables participants to pursue a specialization in one of a number of important areas within the field of Islamic Finance, including Banking Operations and Risk Management, and Corporate Finance and Asset Management.

The mixed philosophy of the program enables graduates to attain the skills needed to understand the global financial system and proposing viable alternatives to existing models by blending guidance from Sharia with the modern scientific knowledge and techniques of economics and finance.

This popular master’s program is one of an extremely limited number of top-tier specialized Islamic Finance programs globally.

Program Focus:

  • Islamic banking in Qatar constitutes approximately 25% of the local banking activity. The MSc in Islamic Finance program is focused on giving graduate students a greater understanding of the practical business applications of Sharia.
  • By emphasizing practical as well as theoretical aspects of Islamic finance, students learn to become better prepared to address the global opportunities of conducting business and finance. 

Programme Structure

Courses include:

  • Islamic Thought
  • Islamic Ethics
  • Islamic Banking and Financial Markets in Theory and Practice
  • Islamic Economics and Development in Theory and Practice
  • Islamic Financial Contracts

Detailed Programme Facts

  • Programme intensity Full-time
    • Full-time duration 24 months
  • Credits
    36 alternative credits
  • Languages
    • English
  • Delivery mode
    On Campus

English Language Requirements

  • Minimum required score:


    The IELTS – or the International English Language Test System – tests your English-language abilities (writing, listening, speaking, and reading) on a scale of 1.00–9.00. The minimum IELTS score requirement refers to which Overall Band Score you received, which is your combined average score. Read more about IELTS.

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  • Minimum required score:


    The TOEFL iBT ® measures your English-language abilities in an academic setting. The test has four sections (reading, listening, speaking, and writing), each with a score range of 0-30, for a total score range of 0-120. Read more about TOEFL iBT ®.

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Academic Requirements

You need the following GPA score:

Required score: 3

Applicants for graduate programs must have the equivalent of a bachelor’s degree with a minimum GPA equivalent to 3 on a US 4.0 grading scale. Admitted applicants typically have an undergraduate GPA of or better on a 4.0 scale. No exam grade should be lower than 4.5 (European grade scale) or D (American grade scale).

Your GPA (Grade Point Average) is calculated using the grades that you received in each course, and is determined by the points assigned to each grade (e.g. for the US grading scale from A-F).

  • This programme does not recognise GRE® scores.

    The GRE® General Test is a widely administered admissions test that measures the skills needed in today's graduate and business school programs worldwide. The GRE® General Test contains three sections - Verbal Reasoning, Quantitative Reasoning, and Analytical Writing. Three scores are reported: a Verbal Reasoning score on a 130 - 170 score scale in one-point increments, a Quantitative Reasoning score on a 130 - 170 score scale in one-point increments, and an Analytical Writing score on a 0 - 6 score scale in half-point increments.

General Requirements

  • Applicants seeking admission to the Master of Science in Islamic Finance should have a bachelor’s degree from a recognized university with a strong academic record (minimum 3.0 GPA or equivalent) in one of the following fields: Economics, Business, Finance, Accounting, Shari’a or related studies.
  • Students will be asked to identify a concentration at the time of application. However, students have until the end of their first semester to finalize their selection and may change concentrations.
  • Official electronic copies of transcripts should be submitted as part of the online application. Final transcripts and graduation statements are required for all previous university studies.

Tuition Fee

Living costs for Ar Rayyan

  • 4230 - 7920 QAR/month
    Living Costs

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.


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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Islamic Finance
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