Islamic Economics and Finance

Program Summary

The Professional PhD in Islamic Finance and Banking is designed for Candidates with prior studies in Economics or Finance that wish to enter directly into the research phase of the PhD program.

Over the years, Islamic finance has grown at a rapid pace globally, and now the market has raised over $ 3.5 trillion.

The Islamic banking sector is increasing in importance because of its unique products, standardisation and sustainability.

Financial Justice is a fundamental requirement for the work of Islamic finance products.

Traditional financing typically focuses on profits through interest payments and makes the beneficiary fully responsible for any risk.

On the other hand, Islamic finance offers the risk of being involved in net profit / loss in a proportionate way between the lender and the beneficiary.

Candidates at the PhD in Islamic Finance and Banking are to examine the increasingly important role of the industry and the unique nature of Islamic Finance and Banking and how it can be contrasted and compared to more traditionally western systems.

Research on social justice approaches through the application of Islamic Finance and Banking is a key area of concern.