Career Direction
MSc in Islamic Finance and Banking graduates at LSBF will acquire a comprehensive understanding of western banking practices and how they integrate with Islamic finance techniques. As Islamic banking becomes a more widespread and notable sector, particularly in non-Islamic countries, there is a growing demand among financial institutions for trained specialists in Islamic Finance principles.
Graduates will not only be qualified to pursue careers within Islamic financial Institutions and regulatory agencies, but also with multinational investment banks as experts in their fields. Modern employers are willing to pay a premium for graduates with expertise in this growing field, and graduates will stand to significantly increase their earnings.
There are more than 250 Islamic banks worldwide, with at least £300bn in assets, up from £5bn in 1985. The sector is growing at 15 to 20 percent a year. Rising oil prices and Europe's growing Muslim population are driving an extraordinary surge in financial products compliant with Islamic law and as such, opportunities for MSc in Islamic Finance and Banking graduates are available with a range of international banks and more specialised boutiques.
Typical employers include the leading Investment banks such as Goldman Sachs, Morgan Stanley and Credit Suisse.
Other employers include:
Bank of London and the Middle East (BLME) - BLME is an independent UK wholesale Sharia compliant bank based in London. BLME received FSA (Financial Services Authority) authorisation in July 2007 and is the largest Islamic bank in Europe.
Gatehouse Bank - Gatehouse Bank plc is a fully Sharia -compliant wholesale investment bank based in the City of London. They provide services in Capital Markets, Institutional Wealth Management, Real Estate, Placement, Sharia Advisory Services and Treasury products.
European Islamic Investment Bank - EIIB's mission is to achieve excellence in the provision of Sharia compliant investment banking products and services. Headquartered in London, EIIB's range of products and services include the following investment banking activities: Islamic Treasury and Capital Markets, and Advisory & Asset Management.
Potential job roles include:
- Business and Product Development Manager
- Islamic Banking Advisor
- Islamic Banking Finance Manager
- Dealer – Islamic Banking
- Islamic Banking Relationship Manager
The LSBF Careers Service partners with all MSc in Finance graduates in helping to identify individual career paths.
- Undergraduate degree or equivalent
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English Proficiency: *
- IELTS 6.5 – (or equivalent)
- TOEFL – minimum score of 93 (internet-based), 240 (computer-based), or 587 (paper-based)
- PTE 59 – (or equivalent)
- GMAT is not an obligatory requirement, but is considered an advantage and may be required for some applications. (Target score 550)
*Students who do not satisfy the fluency in English requirement can apply for the LSBF School of English Postgraduate Preparation Programme.
Next Intake
- 27th February 2012
Campuses available
- London
- Birmingham
- Manchester*
Duration
-
Full Time
(12-15 Months) - Part Time (24 Months)
- Online (12-60 Months)
* Only available to study part-time and online
