Professional Diploma in Islamic Banking & Finance

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The core taught modules provide an in-depth analysis of the core issues and debates surrounding Islamic banking and finance.

The optional (elective) units enable students to develop in-depth knowledge and understanding in areas of their interest. Elective units will be offered on student preference and viability of group size. This will be made clear to applicants on the programme. The project report provides an opportunity for an in-depth exploration of a specific issue related to specific financial project.

Course Level

This programme is approved and credit-rated by the Scottish Qualifications Authority (SQA). It is available on a full-time or part-time basis.

The Professional Diploma is awarded at SCQF level 11.

Course Duration

The programme is delivered full-time (six-month period) comprising two semesters.

Part-time basis (one-year) and block delivery will also be available.

Entry Requirements


Academic requirements  An honours degree from a UK university, or equivalent.

In addition, professional experience will be also recognised for enrolment in the course.

Work experience Not required, however professional experience will be recognised for enrolment in the course


English language requirements

International applicants who require a Tier 4 visa to study in the UK will need to ensure that they have an IELTS test from a UKVI approved test centre.

Applicants would need to have achieved an average score of 6.5 in their IELTS test (with a minimum of 6.0 in each of the four sub-components of language learning (reading, writing, speaking and listening).

Full entry requirements can be found here

Course Information

The programme will improve students understanding of key Islamic economics, finance and banking concepts and practices. Students will learn of the complex structures and principles behind Islamic Banking and in doing so, will gain the necessary skills to engage in practical application. The programme will encourage students to evaluate the origin, concepts, and aims of Islamic economic in the micro and macro level and consider how it can be applied in practice.

Programme Aims

  • To provide opportunity for students to acquire critical knowledge and training in Islamic economics, finance and banking.
  • To train employers/executives in banking, insurance and commercial sectors who desire to specialise in Islamic economics, finance and banking with an opportunity to explore Arabic language (with specific focus) or Islamic Study, in order to assist in expanding the banking and finance industry.
  • To provide opportunity for fresh graduates in related disciplines to pursue a Postgraduate Diploma in Islamic Banking & Finance in order to prepare them to have strong capabilities in Islamic finance with possible knowledge in Arabic or Islamic Study, to enter into the job market in banking and finance.


The programme is comprised of compulsory and optional units.

Unit SCQF level Credits Compulsory/ optional Start date
Islamic Moral Economy and Finance 11 20 Compulsory September
Applied Islamic Banking and Insurance 11 20 Compulsory September
Research Skills and Project Report 11 20 Compulsory September
Islamic Accounting and Auditing 11 20 Optional January
Prototyping and Product Development in Islamic Finance 11 20 Optional January
Raising Finance: Islamic Financial Models and Institutions 11 20 Optional January
Risk Management in Islamic Finance 11 20 Optional January


Teaching for all compulsory and optional units will be delivered through a blended model of face-to-face and digital teaching methods.


The Professional Diploma is beneficial for those who are seeking to work and advance their professional careers in the Islamic economics, banking and finance industry.

This programme provides a strong intellectual basis for Islamic economics, commercial law and Islamic financial instruments. Those completing the course will be able to seek employment opportunities or further enhance their skills if they are already employed in the finance and banking sectors including Islamic insurance (Takaful), financial regulation, Islamic capital markets, actuarial fields, and the investment arena, as well as for becoming researchers in the field.

Student Life

The College provides a conducive environment for its learners and staff in terms of facilities. More importantly, the College promotes multiculturalism as encapsulated in its vision and philosophy. The College is also situated near the city centre of Dundee close to the Universities of Dundee and Abertay as well as the Dundee College.

Tuition Fees