University banner

Professional Diploma In Islamic Economics & Finance

View All Courses
  • icons
    Full Time
  • icons
  • icons
    0.7 Year
  • icons
    Jan & Sep
  • icons
    Tution Fees
    RM 20,377

Would you like to apply to Al-Maktoum College?


Islamic economics is based upon principles in accordance with Islamic law (Shari’ah). Fundamentally dissimilar to the conventional systems, Islamic economics, and finance concerns itself with social-economic justice and human welfare. With respect to conventional banking, seminal texts have often referred to Islamic banking as a more ethical system, therefore making it relevant to discussions about its contribution to the conventional system of finance and multiculturalism.

In the aftermath of the financial crisis especially, there is an increasing need among scholars of Economics and those working within the industry to identify and understand what Islamic Economics is about and to debate, in order to construct a comprehensive and integrated economic system. The Islamic economic and finance sector has experienced significant growth in recent years with an annual growth rate of 10-15%, with over 500 Islamic Financial Institutions worldwide. Islamic finance is expected to be the mainstream finance in the Gulf region, Malaysia, and other parts of the world in the next decade. The programme will evaluate the implementation of Islamic finance according to Islamic Moral economic postulates and assumptions. It aims to develop students’ abilities to understand the regulatory framework for legitimate economic exchange and productive organization; understand market imperfection from the Islamic Economic perspective. Moreover, the course will also examine the non-market institutions and their role in economic development and securing the welfare of the larger stakeholder. This course may be suitable for students who:

  • wish to begin a career in Islamic banking and finance, or already working in the industry
  • have an interest in Islamic banking and finance
It may also be of interest to businesses that would like to develop their staff performance in the principles of Islamic Banking and Finance.

View Less View More


Detailed entry requirements

Academic Requirements

  • Prior knowledge is not required
  • A good undergraduate degree (or equivalent) 
  • Work experience is not required but would be beneficial to your application

English Language Requirement

IELTS: 5.0 (Minimum of 5.0 in each part and 6.0 in writing)

Please fill in the details below to contact Al-Maktoum College

Thinking of studying at
Al-Maktoum College?

We can help youchoose the best Courses in this Institution. Fill out details below for your FREE consultation.
Talk to us

Are you enrolled at this institution?

Need help?