Master of Science in Islamic Finance

Admission for the Master of Science in Islamic Finance for the 2019-2020 academic year is now closed. For information about applying for the 2020-2021 academic year, please continue to monitor this site as we will post information in a few months.


Master of Science in Islamic Finance

The Master of Science in Islamic Finance is a specialized program that teaches qualitative and quantitative methods of analysis in both Islamic and conventional finance.

Hamad Bin Khalifa University

This new and innovative program 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 proposes viable alternatives to existing models, by blending guidance from Shari’a with modern scientific knowledge and the 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 percent of the local banking activity. The Master of Science in Islamic Finance program is focused on giving graduate students a greater understanding of the practical business applications of Shari’a.

By emphasizing practical, as well as theoretical, aspects of Islamic finance, students are better able to address global opportunities and participate effectively in business and financial sectors.


A 36-credit degree program taught over two years in English, that includes:

  • Foundation courses (6 credits)

    • Islamic Ethics
    • Islamic Thought
  • Core courses (9 credits)

    • Islamic Banking and Financial Markets in Theory and Practice
    • Islamic Economics and Development in Theory and Practice
    • Islamic Financial Contracts
  • Concentrations options (12 credits)*

    • Concentration I: Islamic Banking and Risk Management
      • Analysis of Financial Statements with Applications to Islamic Banks
      • Islamic Financial Services Development: Legal and Regulatory Issues
      • Risk Management with Applications to Islamic Banks
      • Elective*
    • Concentration II: Islamic Corporate Finance and Asset Management
      • Applied Quantitative Methods in Islamic Finance
      • Islamic Asset and Funds Management
      • Islamic Corporate Finance
      • Elective*
  • Thesis (9 credits)

  • *Students can select an elective course from a set range of options provided within the program.

View Admission & Application Requirements