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“At the University of Bolton, we take great pride in providing a quality, supportive learning environment for our students.” Professor George E Holmes DL | President & Vice Chancellor
“...tutors are very supportive and you’re not just a student ID number, at this university you are an individual with a name.” Ellisse Vernon | BSc (Hons) Adult Nursing
This course is 'Subject to Approval' and has not yet completed the University’s approvals process.
Whilst we are confident that the course will be approved, there is the possibility that the course
may not run or may be subject to alterations. This course is due to be validated by January 2022 after
which we will write to all applicants who have applied for the course to let them know the
outcome and of any changes. In the event that a course is not approved the University
will make reasonable efforts to offer an alternative course at the University.
MBA Master of Business Administration (Islamic Finance)
An MBA in Islamic Finance is an ideal way to advance your career in this huge and growing part of the economy. Focusing on good practice in management and commerce, the course aims to prepare you for progression into senior positions in organisations that operate according to Islamic principles.
Key information
Award:
MBA
Mode of Study:
Full-time
Duration:
18 months
Location:
University of Bolton
Start date:
29/01/2024
Course Details
Islamic finance is one of the fastest-growing sectors in the financial world, estimated to be worth over US$1.5 trillion. This postgraduate qualification offers a suite of contemporary modules designed to prepare those with previous management or business experience for work in this dynamic sector.
Whatever area of industry or commerce you currently work in, this MBA course will assist you in gaining essential skills to work in Islamic finance. In addition, the programme aims to provide a critical understanding of the problems and challenges facing enterprises and organisations and equip you with the analytical and critical faculties to identify potential innovative solutions. These qualities are highly sought by prestigious international employers.
The course will cover how to evaluate and develop good practice in key areas of business management and in the commercial development of general and Islamic finance products and services. You’ll have the opportunity to acquire the skills needed to work effectively, independently and as part of a team.
Highlights
This MBA course offers you the chance to join a well-established postgraduate community engaged in preparing themselves for a career in executive management in the Islamic Finance Sector.
Teaching and supervision are delivered by a dedicated team of experienced and well-qualified staff drawn from the Centre of Islamic Finance and the Institute of Management at the University of Bolton.
The University’s excellent libraries, 24/7 IT facilities, WiFi and learning areas are freely available for your use.
You’ll be given access to a research and study skills module which will assist in your studies.
Guest lecturers from the International Integrated Reporting Council (IIRC) will be held on the need for holistic approaches to strategy, risks, key stakeholder interests and financial performance.
Key Features
You’ll have the opportunity to gain an advanced knowledge and understanding of strategic management and Islamic Finance issues in a global business environment.
The course aims to develop a comprehensive understanding of the methodologies and concepts of Islamic Law and the application of legal principles within Islamic business transactions.
Teaching is conducted by a highly-dedicated team with specialist knowledge in Islamic law and banking.
Course materials are available online, allowing students to prepare work in advance, ensuring that in-class learning is highly interactive.
Professional recognition
On successful completion of the MBA Islamic Finance programme you may apply for membership to the Chartered Management Institute (CMI). Please note that terms and conditions apply. More details are available at www.managers.org.uk
You should have both of the following: significant work experience in a business or management capacity; and a UK honours degree/postgraduate degree (or equivalent) in a relevant subject.
We’ll consider your application if you don’t possess the above qualifications but have substantial managerial experience.
We'll also consider applications where appropriate work experience can be demonstrated in lieu of, or in addition to, the published academic qualifications in line with the University’s Recognition of Prior Experiential Learning (RPEL) procedures.
You'll be required to attend an interview as part of the application process.
When applying you must include a reference from your current employer. The reference should clearly state how long you have been employed by them and give a breakdown of your job content and roles and responsibilities.
Your application form must be accompanied by a reflective overview of the managerial responsibilities you have undertaken to date.
If English isn’t your first language, you’ll also need IELTS 6.0 with no less than 5.5 in any band (or equivalent). We also accept a range of other English language qualifications – please visit our English Language Requirements web page for more details.
Where changes are made to material information contained in this course description or a decision is taken to suspend a course between the offer of admissions and enrolment, we will inform applicants at the earliest possible opportunity and will outline the various options available to the applicant.
This postgraduate qualification is designed to help you develop the knowledge required to work in the growing and sophisticated Islamic finance sector, including a more in-depth look at the industry, products, performance and risk management issues.
You’ll have the opportunity to gain skills in being effective, in working independently and as part of a team, while critically evaluating and developing good practice in key areas of business management and in the planning and management of general, commercial and Islamic finance products and services.
Islamic finance has developed into a solid industry that complements conventional banking. The Islamic market demands specific expertise that combines solid financial knowledge with that of Islamic finance. A deeper knowledge of Islamic finance can improve the competitiveness of MBA students on the international financial market stage.
What can I do with this qualification?
On completing the programme, you’ll be qualified to pursue a career in a wide range of management roles in the Islamic finance sector or regulatory agencies, and in the public, private and voluntary sectors. A wide range of employers – financial institutions, technology companies, blue-chip companies, and SMEs – recruit MBA Islamic Finance graduates. The universal appeal stems from the MBA's focus on collective business principles.
An MBA in Islamic Finance is also highly respected around the world, so if you're interested in a global business career then it could be beneficial, particularly as qualifications from UK business schools are so well regarded. It can also help you to specialise in your current sector, or a new industry that you want to move into. If you want to continue your study then you could opt for a research degree (MPhil, DBA or PhD).
Alternative career options
Graduates can also use the qualification as a stepping-stone to enter a range of other careers. For some of these roles, relevant experience or postgraduate study may be required. Some of these careers include:
Supply chain
Product management
Banking
Accountancy
Law
Auditing and quality assurance
Financial management
Consultancy
Teaching and education
Hotel and leisure management
Public relations
Information systems
Market research analysis
Advertising
Risk and insurance
Purchasing
Logistics
Marketing
Human resources
Global investment
Course fees
Home students starting this course in the first year will be required to pay a Home fee of £6,000 for the academic year 2023/24.
Overseas students starting this course in the first year will be required to pay a Overseas fee of £14,450 for the academic year 2023/24.
Important note regarding tuition fees for the 2022-2023 academic year:
EU nationals who meet residency requirements (have settled or pre-settled status) may be eligible for 'Home' fee status.
If you do not meet these residency requirements, overseas fees will apply. Irish citizens living in the UK or Ireland will be eligible for 'Home' fee status under the Common Travel Area arrangement.
Please read the student finance for EU students web page on www.gov.uk for information.
The fees for a student's course of study will be set for the
normal duration of that course subject only to inflationary increases – measured by the Consumer Price Index (CPI) recorded in
March each year to take effect for subsequent start dates.
Additional costs
There may be some additional or optional costs associated with this course. These will be published after approval of the programme.
For details of how to apply for this course, please choose your status from the options below:
You may apply directly to the University using the University's online application form. Please select your chosen
start date from the list below:
You should have to hand:
Details of the educational establishments you attended and dates
Your certificates for the qualifications you are using to gain entry to the course –
you will need to enter the completion date and upload copies
Details of any employment history including name, address, dates and role
Personal statement – this can be either input into the relevant field or uploaded separately
Details including e-mail addresses of two referees, at least one of which should be
someone who can provide an academic reference
Please make sure any documents you wish to upload in support of your application are in pdf or jpeg format.
Personal statements may be word documents.
Please ensure your data is correct at each stage of the application before you proceed to the next page.
If you use the back button at any time during the application, you should check the validity of the data
you have already input.
If you experience difficulties during the application process, contact the Admissions Team on 01204 903394
or admissions@bolton.ac.uk
In order to determine your suitability for this course as an international student and also to confirm you meet any initial eligibility criteria, we need you to answer a few short questions.
Have you completed an English Language qualification prior to application or have a valid exemption as per the list below?
(The qualification/exemption must be uploaded with this application)
E.g. Applicants from Nigeria/Africa must upload their WAEC or NECO certificate before the application is
submitted for a prompt response and offer.
Acceptable English Language Tests – Undergraduate and Postgraduate
These tests must have been taken within 2 years of the start of the course
Test
Entry Requirements
IELTS Academic (taken within 2 years)
Undergraduate programmes 6.0 with no band below 5.5 Postgraduate programmes as per entry requirements
IELTS Indicator
Undergraduate programmes 6.0 with no band below 5.5 Postgraduate programmes as per entry requirements
PTE
Undergraduate and Postgraduate requiring IELTS6.0
Overall score of 50 with no less than 42 in each component
Postgraduate requiring IELTS 6.5
Overall score of 58 with no less than 50 in each component
Postgraduate requiring IELTS 7.0
Overall score of 65 with no less than 58 in each component
TOEFL iBT Including Special Home Edition
Undergraduate and Postgraduate requiring IELTS6.0
Overall score of 80 with the following component scores:
Reading – 18
Writing – 17
Listening – 17
Speaking - 20
Postgraduate requiring IELTS 6.5
Overall Score of 88 with the following component scores:
Reading – 20
Writing – 19
Listening – 19
Speaking 21
Postgraduate requiring IELTS 7.0
Overall Score of 100 with the following component scores:
Reading – 23
Writing – 24
Listening – 22
Speaking 22
Pearson Versant
Undergraduate and Postgraduate requiring IELTS6.0
Overall score of 55
Postgraduate requiring IELTS 6.5
Overall score of 60
Postgraduate requiring IELTS 7.0
Overall score of 65
Trinity College (Integrated Skills)
Undergraduate and Postgraduate requiring IELTS6.0
ISE II –Distinction in each component
Postgraduate requiring IELTS 6.5
ISE III – Pass in each component
Postgraduate requiring IELTS 7.0
ISE III – Merit in each component
Other qualifications we currently accept (which do not require an additional SELT)
GCSE in English Language (from a UK awarding body)
Undergraduate and Postgraduate requiring IELTS6.0
Grade C
Postgraduate requiring IELTS 6.5
Grade B
Irish Leaving Certificate Ordinary Level English
Undergraduate and Postgraduate requiring IELTS6.0
Grade C/C3 (20 points)
IGCSE English as a First language
(for syllabus 0500 Listening and Speaking must be separately endorsed on the certificate)
Undergraduate and Postgraduate requiring IELTS6.0
Grade C
Postgraduate requiring IELTS 6.5
Grade B
IGCSE English as a Second language
(for syllabus 0510 Speaking must be separately endorsed on the certificate)
Undergraduate and Postgraduate requiring IELTS6.0
Grade C
Postgraduate requiring IELTS 6.5
Grade B
Cambridge Advanced English
Undergraduate and Postgraduate requiring IELTS6.0
170 points with no component below 160
Postgraduate requiring IELTS 6.5
180 points with no component below 170
Postgraduate requiring IELTS 7.0
185 points with no component below 180
International Baccalaureate (IB)
Standard or Higher Level English Language (Syllabus A)
Undergraduate and Postgraduate requiring IELTS6.0
Grade 4
Postgraduate requiring IELTS 6.5
Grade 5
International Baccalaureate (IB)
Standard or Higher Level English Language (Syllabus B)
Undergraduate and Postgraduate requiring IELTS6.0
Grade 5
Postgraduate requiring IELTS 6.5
Grade 6
European Baccalaureate English Language
Undergraduate and Postgraduate requiring IELTS6.0
Grade 70%
Postgraduate requiring IELTS 6.5
Grade 80%
Acceptable European qualifications
English component must be obtained within the last 4 years
Country
Qualification
Austria
Reifeprufungszeugnis/Maturazeugnis at 2.0
Belgium
Diplome d'acces a l'enseignment superieur/Diplome van Hoger Secundair Onderwijs at 75%
Bulgaria
Diploma Za Sredno Obrazovanie at Grade 3
Croatia
Svjedodzba o Maturi at grade 4.0
Cyprus
Apolyterion at 15
Czech Republic
Maturitni Zkou'ce/Maturita at grade 2.0
Denmark
Studentereksamen/HF/HHX/HTX/IBB /Diplomingenior at grade 9
Estonia
Riigieksamitunnistus or Gümnaasiumilõputunnistus at 70%
Finland
Ylioppilastutkintotodistus or Studentexamensbetyg at grade 5
France
Baccalauréat (le bac) or the Option Internationale du Baccalauréat at grade 12.5
Germany
Zeugnis der Allgemeinen Hochschulreife or Abitur or a Fachgebundene Hochschulreife at grade 2 / gut
Greece
Apolyterion at grade 15
Hungary
Erettsegi at grade 4
Italy
Diploma di Esame di Stato at grade 8/80%
Latvia
Atestats Par Visparejo Videjo Izglitib at grade 8
Lithuania
Brandos Atestatas at grade 8
Malta
Matriculation Certificate at grade C
Moldova
Diploma de Bacalaureat or Atestat de Studii Medii de Cultura Generala at grade 9
Netherlands
Diploma Middelbaar Beroepsonderwijs (MBO) or Diploma Voorbereidend Wetenschappelijk Onderwijs (VWO) at grade 8
Norway
Vitnemal-Videregaende Opplaering at grade 4
Poland
Swiadectwo Dojrzalosci / Matura at grade 70%
Portugal
Diploma de Ensino Secundario at grade 14
Romania
Diploma de Bacalaureat (English with all components at B2)
Slovakia
Vysvedcenie O Maturitnej at grade 2
Slovenia
Maturitetno Spricevalo at grade 4
Spain
Titulo de Bachillerato at grade 8
Sweden
Fullstandigt Slutbetyg Fran Gymnasiesk at grade C
Switzerland
Maturitatszeugnis or Maturite Federal at grade 5
Ukraine
Aтестат про повну загальну середню освіту at grade 10
Acceptable International Regional qualifications
Must be obtained no more than 4 years before the proposed start date of the course
Country
Qualification
Grade
Bahamas
General Certificate of Secondary Education
Grade C in English
Botswana
General Certificate of Education Ordinary Level
Grade C/4 in English
Brunei
Cambridge O Level
Grade C6 in English
Cameroon
GCE O level
Grade C in English
Hong Kong
HKCEE
Grade C in English (Syllabus B)
Hong Kong
HKDSE
Grade 4 in English
Kenya
Kenya Certificate of Secondary Education
Grade C in English
Malaysia
Malaysian 1119
Grade 6C in English - IELTS 6.0
Singapore
Singapore Cambridge O Level
Grade C6 in English
South Africa
South Africa National Senior Certificate
Grade 5 in English
Tanzania
Certificate of Secondary Education
Grade C in English
Uganda
Certificate of Education
Grade 6
Zambia
Zambia School Certificate
Grade 6 in English
Zimbabwe
General Certificate of Education Ordinary Level
Grade C in English
Caribbean Examination Council
General proficiency Grade III in English
Nigeria/Ghana
WAEC/NECO
Grade C6 in English
I confirm I hold one of the above English Language Qualifications/Exemptions before making an application. I will upload the evidence with this application.
Unfortunately we would be unable to sponsor under the Student Route Visa. If you do not require a visa to study in the UK please email us for further advice: intadmissions@bolton.ac.uk
Have you read and understood the course entry requirements and confirm that you fully meet the requirements?
(Please click on Entry Requirements tab above to ensure you comply with all the requirements for this course)
I understand that the university reserves the right to withdraw their offer at any stage once the quota for the course has been filled.
I understand that I will be required to pay specific fees before CAS issuance is considered by the university.
I must declare any agent or consultant at the start of my application and they must be on the list of approved agents.
(We also have Branch Offices in Africa,
South Asia, Middle East and
Central Asia who fully manage
applications in their respective regions.)
I am able to complete the course in the normal duration.
I am able to arrive on time for the published start date.
I confirm that I will be 18 years old or more on the start date of the course.
I understand that the following documents will be uploaded as part my application:
(a) Passport with at least 6 months validity before start of course.
(b) Personal statement (written by myself).
(c) CV if applicable.
(d) Previous qualifications.
(e) English language certificate or proof of exemption.
(f) Professional references if applicable.
(g) Bank Statements and TB Certificate if applicable at the CAS issuance stage.
I have read and understood all questions and answered them correctly and truthfully to the best of my ability and knowledge.
The University welcomes applications from international students from all over the world.
We try to make the application process as simple and as fast as possible for our international applicants.
How you apply is determined by your current location and what you are choosing to study:
Apply direct to the University. Links for the next available intakes of this course are shown below.
Please click the link which will direct you to the online application form. Please read the user
guidance before completing this.
Apply via one of our approved in-country referral partners. A list of our partners may be found on the
International pages of this website.
Apply via UCAS for courses starting in September only – visit
www.ucas.com.
Should you have any queries please contact the International Team on +44 (0) 1204 903110 or email
international@bolton.ac.uk
As well as lectures, seminars and tutorials, your learning will benefit from guest speakers, case studies and visits. In addition to short periods spent with a tutor, you’ll spend a lot of time in guided independent study. This involves, for example, engaging in general background reading, preparing for seminar activities and working on assignments.
The University of Bolton's virtual learning environment (VLE) supports your learning, with course materials and links to key resources available online. The VLE will also allow you to engage in other learning activities and take part in discussions remotely.
The assessment strategy for the programme is designed to make sure you achieve the overall aims of the programme, as well as the learning outcomes for individual modules. As well as being a way to assess your achievement, assessment helps you to organise and develop your learning. Assessment feedback can help you develop your skills and an understanding of your own strengths and weaknesses. The assessments you’ll be required to complete fall into two general categories: formative and summative. Formative assessments don’t contribute to your overall module grade, but they are a part of the learning strategy for a module and you are required to complete them. Summative assessments do contribute to your overall module grade. You’ll also receive feedback on these assessments, so you’ll know what you have done well and where you can improve. Many different forms of assessment are used. The major ones are coursework (usually essays), reports/case studies, oral presentations, examinations, research proposal, and the dissertation.
Disclaimer
The university will use all reasonable endeavours to deliver your course as described in its published material and the programme specification for the academic year in which you begin your course. The university considers changes to courses very carefully and the university will minimise any changes. Please be aware that our courses are subject to review on an ongoing basis and changes may be necessary due to legitimate staffing, financial, regulatory and academic reasons. The content of course modules and mode of associated assessments may be updated on an annual basis. This is to ensure that all modules are up-to-date and responsive to employment and sector needs. The published course material and the programme specification contain indicative ‘optional modules’ that may be subject to change due to circumstances outside of our control. For this reason, we cannot guarantee to run any specific optional module.