College of Islamic Studies CIS Hamad Bin Khalifa University Hamad Bin Khalifa University

phd scholarships in islamic banking and finance

PhD in Islamic Finance and Economy

PhD in Islamic Finance and Economy

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The Doctor of Philosophy (PhD) in Islamic Finance and Economy is an innovative multidisciplinary program that provides students with the required analytical and research skills to understand, analyze, and interpret the workings of the rapidly expanding Islamic financial services and market sectors, and to tackle their emerging challenges and opportunities.

The program is centered on the national priorities as set out in the Qatar National Vision 2030, on the local aspirations as enshrined in the objectives of the Shari’a, and on global targets such as the UN Sustainable Development Goals.

A key motivation for the PhD program is to develop unique and innovative approaches for the continuous transformation of economies to be more responsible, inclusive, and resilient. The policy relevance for Islamic finance continues to increase, alongside the need to understand and integrate concepts such as responsible finance, green finance, and circular economies.

Program Focus

The program focuses on Qatar’s economy and businesses with expected spillover benefits in the region and globally. In this sense, the program’s curriculum philosophy and content are unique as they refer to local values, national targets, and international goals. It also seeks to develop synergy between the three through transformation, social entrepreneurship, and shared prosperity and well-being.

The following are the main features of the program:

  • Quantitative foundation Examine how to critically investigate and analyze the relationship between finance, economics, and Shari’a by using both qualitative and quantitative research methodologies.
  • Shari’a studies Acquire the abilities to interweave the tenets and values of Shari’a with the theory and practice of finance and economics, and develop a mindset to analyze, innovate, and create solutions to contemporary challenges.
  • Social entrepreneurship Promote innovation, original thinking, and entrepreneurial creativity and acumen in applying Islamic finance and economics theories in Qatar and other circular economy contexts.
  • Sustainability Provide students with an in-depth understanding of the pivotal role played by entrepreneurs in developing a sustainable economy and promoting inclusive and sustainable economic growth and wealth.
  • Responsible finance and economics Foster a deep understanding of environmental, social, and governance concerns and analysis of Islamic finance and economic principles, through which students become prepared to participate effectively in reforming theories, practices, and policies.

A 60-credit program taught over four years in English that includes:

Five core courses (12 credits).

  • Applied Econometrics
  • Applied Topics in Usul Al Fiqh and Maqasid Al Shari’a
  • Advanced Topics in Islamic and Sustainable Economy
  • Advanced Topics in Islamic and Sustainable Finance
  • Advanced Research Methods

Two elective courses (6 credits)

  • Students can select one course offered in the program
  • Students can select one course from the PhD course catalogs of other HBKU colleges

Dissertation (42 credits)

  • This component includes dissertation proposal seminars, dissertation progress workshops, and dissertation defense seminars, in addition to a pre-dissertation comprehensive examination.

phd scholarships in islamic banking and finance

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Home » Online PhD in Islamic Finance and Economics (DIFE)

Online PhD in Islamic Finance and Economics (DIFE)

Online phd in islamic  finance and economics.

EUCLID’s online PhD in Islamic Finance and Economics program was developed at the convergence of EUCLID’s expertise in global governance, international civil service and interfaith studies. Historically, this PhD program was developed after EUCLID signed an agreement with the OIC-affiliated Islamic Chamber of Commerce and Industry (ICCI, now ICCIA) which called for the creation of an MBA in Islamic Finance as a Joint Initiative between EUCLID and ICCI. This PhD builds on EUCLID’s experience and offers a unique opportunity to achieve a terminal degree and the higher level of experience in both Islamic economics and finance.

Academic Presentation

EUCLID’s Doctorate in Islamic Finance and Economics represents 90 US credits (120 ECTS) of coursework beyond the Bachelor’s. In practice, students may enter the DIFE with a relevant Master’s degree, complete 30 to 35 US credits of core doctoral courses, followed by the actual writing of the dissertation in 5 phases. The resulting thesis should be a publishable book offering a clear contribution to the field and establishing the author as a subject-matter expert.

Among the suggested areas of focus are:

  • Islamic Banking Sustainable development
  • Islamic Microfinance
  • Alternative Banking Models

EUCLID = Islamic Finance in Practice

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Photo above: EUCLID’s Secretary General Syed Zahid Ali with the President of the Islamic Development Bank (2008). EUCLID became an IsDB Partner in 2014.

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phd scholarships in islamic banking and finance

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Ph.D in Islamic Banking and Finance / PIBF

Ph.D in Islamic Banking and Finance / PIBF

Ph.D in Islamic Banking and Finance (PIBF) is awarded to graduates for a meaningful completion of doctoral research that advances the theory and principles of Islamic Banking and Finance from inter-disciplinary perspectives. Upon completion of a multi-disciplinary doctoral programme, the graduate is expected to undertake independent research and contribute to quality publications in their field of expertise

Programme Objectives

  • To attract and train high potential talent in Islamic Banking and Finance
  • To futher develop and enhance the theory and practice of Islamic Banking and Finance
  • To meet the global demand for expertise in Islamic Banking and Finance industry

Programme and Mode of Structure

Candidates for Ph.D in Islamic Banking and Finance are required to take 3 special requirement courses as a coursework requirement. These three courses are to be completed within the first year of the programme. Candidates must pass all the special requirement courses before they can proceed to the thesis.

Two courses are compulsory and one is elective course. The courses for the Ph. D programme are:

Compulsory special requirement courses

Course Code Course Name
IBF 7711 Research Methodology
IBF 7712 Contemporary Issues in Islamic Finance

Elective special requirement courses

Course Code Course Name
IBF 7713 Qualitative Methods
IBF 7714 Quantitative Methods

Research Areas

  • Fiqh Muamalat in Islamic Banking and Finance
  • Islamic Banking and Finance Law
  • Performance and Efficiency of Islamic Banks and Takaful
  • Economics Policy and Analysis of Islamic Banking and Finance
  • Regulatory and Governance
  • Takaful and Re-Takaful
  • Investment Banking
  • Islamic Wealth Management
  • Islamic Capital Market
  • Islamic Micro-Credit and Micro-Financing
  • Corporate and Shari'ah Governance for Islamic Banking and Finance
  • Risk Management

*Subject to availability of supervisors

Ph. D Thesis

Upon registration as doctoral student, the student is expected to prepare and submit thesis proposal for defense with the guidance of the thesis advisory committee within the prescribed period. Upon successful defense, the doctoral student is now a candidate to  undertake and complete the research for final submission for viva voce' to be examined by both internal and external examiners.

Following the viva voce, one of the following recommendations will be made:

  • Pass with minor revisions to be completed in six (6) months
  • Pass with major revisions to be completed within the minimum period of six (6) to maximum period of twelve (12) months
  • Resubmission with viva to be completed within the minimum period of twelve (12) to maximum period of eighteen (18) months
Status Minimum Normal Maximum
Full-time 2 academic years 3 academic years 6
Part-time 3 6 academic years 8 academic years

Fee Structure

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CENTRE FOR POSTGRADUATE STUDIES

International Islamic University Malaysia,

P.O. Box 10, 50728 Kuala Lumpur, MALAYSIA

Any inquiry related to admission, please send e-mail to :

International Admission : [email protected]

Local Admission : [email protected]

per semester

International

Interested in ph.d in islamic banking and finance / pibf .

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phd scholarships in islamic banking and finance

OCIS

Oxford Centre for Islamic Studies (OCIS) Scholarships

Eligibility, how to apply.

These scholarships have been established by the Oxford Centre for Islamic Studies to allow graduates to pursue study of benefit to the Muslim world.

The Oxford Centre for Islamic Studies is an institution for the advanced study of Islam and the Muslim world. The Centre provides a meeting point for the Western and Islamic worlds of learning. At Oxford, it contributes to the multi-disciplinary and cross-disciplinary study of the Islamic world. Beyond Oxford, its role is strengthened by an international network of academic contacts. For more information, please refer to the Oxford Centre for Islamic Studies website. 

The scholarship will cover 100% of course fees and a grant for living costs (at least £19,237). Awards are made for the full duration of your fee liability for the agreed course. Awards may be offered in conjunction with other sources of funding, although this will be taken into account when determining the value of the award.

Scholarship outcomes

Applicants will be contacted by June 2025. We regret that we are unable to provide individual feedback due to the volume of applications we receive.

You must be applying to start a new full-time Master's or DPhil course at Oxford.

You must be either:

  • ordinarily resident in the United Kingdom and from a Muslim community (with preference given to those from a financially disadvantaged household), or
  • a national of, and ordinarily resident in, Afghanistan, Albania, Algeria, Azerbaijan, Bahrain, Bangladesh, Benin, Brunei Darussalam, Burkina Faso, Cameroon, Chad, Comoros, Cote d'Ivoire, Djibouti, Egypt, Gabon, Gambia, Guinea, Guyana, India, Indonesia, Iran, Iraq, Jordan, Kazakhstan, Kuwait, Kyrgyzstan, Lebanon, Libya, Malaysia, Maldives, Mali, Mauritania, Morocco, Mozambique, Niger, Nigeria, Oman, Pakistan, Palestine, Qatar, Saudi Arabia, Senegal, Sierra Leone, Somalia, Sudan, Suriname, Syrian Arab Republic, Tajikistan, Togo, Tunisia, Turkey, Turkmenistan, Uganda, United Arab Emirates, Uzbekistan, Yemen.

You should be intending to return to your country of ordinary residence once your course is completed.  

Scholarships will be awarded on the basis of academic merit and financial need. Financial need will be assessed using the information provided in your Oxford application. 

You should be intending to undertake study in a field derived from or of relevance to the Islamic tradition, or which is of relevance and/or benefit to the Muslim world.

This scholarship is not open to candidates applying for postgraduate certificate or postgraduate diploma courses, part-time courses or non-matriculated courses .

Candidates who hold deferred offers to start in 2025-26 will not be considered for this scholarship.

In order to be considered for this scholarship, you must complete the following steps:

  • tick the box for the Oxford Centre for Islamic Studies Scholarship in the University of Oxford Scholarships section of the University's graduate application form;
  • submit your application for full-time Master's or DPhil study by the relevant December/January deadline. See the relevant  course page  for the deadline applicable to your course; and
  • complete an Oxford Centre for Islamic Studies Scholarships Supporting Statement (see related documents on this page) and upload it, together with your graduate application form, by the deadline.

We will use the details you supply on the graduate application form to assess your nationality and country of ordinary residence. For a definition of ordinary residency, and further details on how to complete this section of the graduate application form, please see the 'Nationality and ordinary residence' section of the graduate application form and the advice contained with the  Application Guide .

To be eligible for consideration for this scholarship, applicants must be successful in being offered a place on their course after consideration of applications received by the relevant December/January deadline. Course applications which are held over after the December/January deadline to be re-evaluated against applications received by the March deadline, or course applications which have been put on a waiting list, are not eligible for scholarship consideration.

CLOSING DATE

Relevant December/January deadline for your course

DECISIONS EXPECTED

Applicants will be contacted by June 2025

Various countries

LEVEL OF STUDY

All full-time master's and DPhil courses

100% of course fees and a grant for living costs (at least £19,237)

Period of fee liability

NUMBER OF AWARDS

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phd scholarships in islamic banking and finance

Islamic finance research degrees

An overview of our postgraduate research in Islamic finance and entry requirements for PhDs and other research degrees.

Logo of Al-Maktoum College

Aims and vision

We aim to undertake world-class research in Islamic political and moral economy, finance and banking. All research projects will be inspired both theoretically and methodologically by humanities and social sciences subject areas, including political and moral economy, economics, development, philanthropy, and Islamic commercial law.

The University recognises that excellent research is firmly rooted within core intellectual disciplines and the abilities of individual researchers to contribute at the highest level.

The vision is for our Islamic Finance PhD programme to become the home for some of the best Islamic finance researchers in the world.

We will grow and support a vibrant culture and community of research students and staff.

We will ensure all students and staff uphold higher education's values of quality, diversity and partnership. While in the pursuit of new insights and understanding of the subject matter.

Our Islamic Finance PhD programme is run in partnership with Al Maktoum College .

Staff profiles

These members of staff are our colleagues from Al Maktoum College, who support teaching this degree.

  • Alija Avdukic is the Deputy Programme Director and course lecturer.
  • Dr Ata Rahmani is course lecturer

Areas of research

While research in Islamic finance has expanded quickly, general research in Islamic economics, which began in the 1970s and 1980s, has grown more slowly. The areas of research that we focus on include all broad areas of Islamic economics and finance (for example, Islamic political/moral economy, Islamic banking and finance, Islamic insurance, Islamic capital markets, Islamic commercial law) by developing the theoretical, empirical and law-oriented studies in these areas.

The main areas of research within the PhD programme are:

Islamic economic theory 

  • the micro and macro foundations of Islamic economics
  • formation of Islamic political economy
  • formulating Islamic moral economy
  • the theory of maqāsid al Shari’ahand its implications for Islamic economic theory
  • the development of Shariah based products (in contrast with Shariah compliant products). Newly developed products should not be a mere innovation but rather an 'invention'. This will develop synergies in a wide range of areas of Islamic finance and Islamic sustainable development

Empirical Islamic finance

  • Islamic banking and finance and sustainable development
  • Islamic moral economy and the performance of Islamic banking and finance
  • Islamic capital markets (sukuk markets)
  • Maqasid al-Shari’ah performance of Islamic banks, Islamic stocks and other Islamic institutions
  • Islamic charitable giving behaviour and maqāsid al-Shari’ah performance of Islamic charities

Islamic commercial law

  • Islamic financial contracts and transactions
  • investigation into corporate law for Islamic finance
  • the impact of government legislation on Islamic finance
  • arbitration in Islamic law
  • how Islamic law complies with intentional law 

Key research projects

This is only some of the possible key research projects:

Islamic economic theory

  • aspects of the microeconomics foundations of Islamic economics
  • aspects of the foundations of economic welfare in Islamic economics 
  • macroeconomic policy in Islamic economics (including monetary and fiscal policy, and the associated monetary and fiscal instruments)
  • Islamic political economy
  • Islamic moral economy vs Islamic economics 
  • methodological aspects of Islamic economic theory including Islamisation vs Authentication in Islamic economics and epistemological approaches to Islamic economics including conventional/Islamic methodological frameworks
  • the Islamic economic conceptualisation of Islamic finance
  • the philosophical debate on the making of Islamic economics
  • ethics and the formation of Islamic economics 
  • Islamic financial institutions and banks (their operational aspects)
  • Islamic finance without and before banking (the form vs substance debate in Islamic finance and banking, and the direction of change in Islamic finance and banking)
  • evaluating the performance of the emergent non-banking Islamic finance institutions which is shaping the nature and process of the future direction of Islamic finance and banking
  • socially responsible Islamic investment and finance: corporate social responsibility and Islamic finance, green Sukuk, social banking etc.
  • in-depth analysis of the challenges facing the regulatory structure of the Islamic finance industry. 
  • empirically investigate the role of Shari’ah boards in shaping the changing nature of (i) Islamic finance, (ii) the Shari’ah boards and their fatwa, and (iii) how the re-defined Shari’ah auditing is shaping authentic Islamic banking operations
  • capital requirements, credit risk weighting of assets (standardized and internal rating based approaches), treatment of leases, micro finance, project finance, operational risks, market risks, securitisation and Islamic banking and market disciplines, and the implications of supervisory review process
  • systemic risks, credit risks, market risks, operational risks, and liquidity risks, particularly stemming from the unique asset and liability structures of Islamic banks due to Shari'ah compliance, perception of banks and regulators regarding these risks, and various risk exposures underlying Sukuk structures
  • factors effecting financial stability, the role of Islamic finance and regulatory institutions in ensuring financial stability, empirical work on the stability of Islamic banks in comparison with traditional banks during financial distress, the effect of Islamic financial instruments on financial market stability, and early warning systems of financial distress
  • the underlying principle of Islamic banks and financial institutions is the Islamic legal codes (Fiqh) to achieve Shari’ah compliance that are based on profit-and-loss sharing, risk sharing, and the prevention of debt financing in the society.
  • fiqh appraisal of risk management instruments and alternatives developed to treat defaults, operating financial leases, asset securitization, plus the importance of managing bank capital and its implications for business risk etc.
  • comparing the regulatory frameworks of Islamic banking and traditional banking and the implications for whether there is a level playing field, cross-sector consolidation of activities cross-sector risk transmission, and the implications for banking supervision.
  • Islamic banking regulation and supervision including Shariah compliance as a matter of regulation or market discipline, the application of risk assessment tools, the risk weighting of the assets of Islamic banks, the treatment of investment and current accounts, sources of capital, disclosure and transparency requirements, applications of international standards, financial reporting and disclosures, and compliance with core principles.
  • arbitration (Tahkim) for Islamic finance which may include a comparative approach and convergences with international law and other jurisdictions; methods of disputes resolution for Islamic finance, and semi-secular arbitrations for Shariah compliant finance.

Propose your own PhD topic

If you want to propose your PhD topic, you can use the contact details below to contact a staff member to discuss your proposal.

Entry requirements

You should have an honours degree at 2.1 or above, and/or a Masters degree in a relevant discipline.

English language requirements

IELTS (overall) Reading Listening Speaking Writing

We also accept other English language qualifications

You do not need to prove your knowledge of English if  you are a national of certain countries .

Don't meet the English language requirements?

English language programmes.

Prepare for university study and benefit from extra English tuition with an  English language programme .

Islamic finance PhD tuition fees

Academic year of entry Scottish/Rest of UK fee status International fee status
2024/25 £4,786 
per year of study
£21,940 
per year of study

Tuition fee per year of study (subject to a 3% annual increase for Scottish/Rest of UK students and a 5% annual increase for International students).

Part time study, where available, is charged on a pro-rata basis.

Scottish/Rest of UK fee status annual increase

Each year, UKRI sets a recommended fee and stipend level for Scottish/Rest of UK students, which we use as the basis for fees charged to this group.

UKRI usually increases its fee and stipend levels in line with inflation, based on the Treasury GDP deflator. 

Therefore, the Scottish/Rest of UK fees detailed in this table for 2025/26 (and beyond) can only be estimated according to the typical increase. 

The fee charged to you may differ, though only slightly, from the figure given.

Your research proposal

Learn about writing a research proposal for postgraduate research in Islamic finance

Apply for a research degree

You can apply for a PhD or other postgraduate research degree using our Direct Application System.

We have three start dates per academic year.

PhD Islamic Finance (3 years)

  • Apply to start in September 2024
  • Apply to start in January 2025
  • Apply to start in May 2025

PhD Islamic Finance (4 years)

The University of Dundee welcomes applications from disabled students.

  • Information for applicants declaring a disability

Please direct your enquiries to the below, or email  [email protected]

Professor (Teaching and Research)

[email protected]

+44 (0)1382 384845

Sudharshan Reddy Paramati

Professor, Associate Dean Student Recruitment and Global Partnerships, Chair in International Business

[email protected]

+44 (0)1382 385165

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phd scholarships in islamic banking and finance

  • PhD Programs

PhD Islamic Banking and Finance

Fostering excellence in islamic banking and finance, introduction.

Keeping in view the increasing and growing demand for the Islamic banking and finance industry, Hasan Murad School of Management (HSM) planned to launch the first-ever program in Lahore dedicated to fulfilling the demand of this increasing trend. The growth of Islamic banking in the country has been over 30% in the last few years, which is certainly above the average global growth rate of Islamic banking and finance. If this trend continues, then one should expect that in the next three years Islamic banking assets will at least double from their current size of Rs 926 billion.

PhD in Islamic Banking and Finance is envisioned as a pioneering educational and training program for participants to acquire both theoretical knowledge and practical skills to win a distinguished place in the emerging global market of Islamic Banking and Finance.

Aims and Objectives

PhD in Islamic Banking and Finance is aimed at providing relevant education and training in all aspects of the operation of Islamic Banking. The program's specific objectives are:

  • To provide an opportunity to graduates with relevant experience to acquire knowledge and training for a career in Islamic Banking and Finance.
  • To train executives desiring specialization in Islamic Banking and Finance in expanding banking and financial institutions.
  • To provide an opportunity for graduates in related disciplines to prepare them to enter the ever-expanding job market in Islamic Banking and Finance.

Career Opportunities

The participants after successfully completing the PhD program are expected to be competent for a wide variety of positions in Islamic Banking. They can be considered for jobs in both public and private educational institutions, research organizations, the State Bank of Pakistan, and commercial banks. They can also expect to hold positions in various Federal and Provincial ministries.

If you have got the ability and talent to be successful in life, UMT believes in empowering the youth to learn and lead. UMT offers a range of generous scholarships and financial aid packages in a bid to bring the best students to the varsity, regardless of their ability to pay. The aim is to make quality higher education accessible to all.

UMT offers 150+ academic programs in 55+ disciplines. Become a part of the UMT Family and strive toward academic.

Admissions Open for Spring 2024

  • Apply Online!

A CHARTERED UNIVERSITY & INTERGOVERNMENTAL INSTITUTE WITHIN EUCLID

phd scholarships in islamic banking and finance

Online PhD in IRGD (Islamic Finance and Economics)

AT EULER | EULER-FRANEKER MEMORIAL UNIVERSITY | INSTITUTE

QUICK ACCESS

Program type, school / institute.

Online (Asynchonous)

USD 145 per credit hour

Scholarships

Full (officials of CW and EPS); 15% off (IGOs)

Degree Issuance

EUCLID (Euclid University) + Dual degree with EULER (post 11/2024 / AAC completion)

EULER Credits | ECTS

240 (Bachelor) + 80-120 (Master) | +240 (PhD)

EUCLID Credits | US CH

120 (Bachelor) + 40 (Master) | +55-60 (PhD)

The EUCLID online PhD in Islamic Finance and Economics is among the programs developed as part of a Joint Initiative between EUCLID (an intergovernmental treaty-based institution) and ICCI (now ICCIA , the Islamic Chamber of Commerce, Industry and Agriculture), starting 2008.

This PhD program represents a convergence of EUCLID’s expertise in global governance, international civil service, and interfaith studies. It is the only online graduate program in this important field of academic study and professional practice organized by a public intergovernmental organization and officially used by active civil servants over 4 continents. In this regards, it is an excellent choice for both Muslim and non-Muslim students alike.

Prof Hanna Simon at UNESCO

Academic Presentation

EULER's online PhD in Islamic Finance and Economics represents 90 US credits (120 ECTS) of coursework beyond the Bachelor’s. In practice, students may enter the DIFE with a relevant Master’s degree, complete 30 to 35 US credits of core doctoral courses, followed by the actual writing of the dissertation in 5 phases. The resulting thesis should be a publishable book offering a clear contribution to the field and establishing the author as a subject-matter expert.

Among the suggested areas of focus are:

  • Islamic Banking Sustainable development
  • Islamic Microfinance
  • Alternative Banking Models
  • Comparative Economics
  • Islamic Economics in Africa
  • Sustainable Financial Systems

EUCLID = ISLAMIC FINANCE IN PRACTICE

Pic7

Photo above: EUCLID’s Secretary-General Syed Zahid Ali with the President of the Islamic Development Bank (2008). EUCLID became an IsDB Partner in 2014.

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MORE INFORMATION:

  • Admissions Checklist
  • Scholarship Programs
  • Accreditation
  • Admissions Group
  • Tuition and Fees
  • Why choose EULER?
  • Faculty Profiles
  • Alumni Profiles

Requirements

Featured video, basic program outline (indicative).

Economics Module

MBA Core (MBA Essentials with Fundamentals of Management)

Introduction to Banking, International Banking and Finance

Quantitative Finance (A)

Overview of Islam, Islamic Law (Shar'iah) and the Islamic World

Islamic Economics

Foundations and Principles of Islamic Finance

Advanced Studies in Islamic Finance: 1

Advanced Studies in Islamic Finance: 2

Business Profit and Loss (P&L) Assessment

International Academic Writing (Doctorate)

Argumentation and Critical Thinking

Doctoral Thesis 1/5

Doctoral Thesis 2/5

Doctoral Thesis 3/5

Doctoral Thesis 4/5

Doctoral Thesis 5/5

Note: to consult the current and official curriculum/list of courses from the EUCLID CMS database, please visit: EUCLID Available Degree Programs and follow the program link.

Employment Outlook

phd scholarships in islamic banking and finance

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phd scholarships in islamic banking and finance

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phd scholarships in islamic banking and finance

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Islamic Development Bank PhD Scholarships

phd scholarships in islamic banking and finance

The jointly funded scholarships will cover the tuition fees and provide a stipend of £1,030/month to contribute towards the scholar’s living costs. Queen Mary waives the fees and IsDB pay the stipend.

Please note that this stipend  will not cover the scholar’s living costs in full  and does not meet the level of financial support necessary to secure a UK visa (currently £1,334/month). The scholar will therefore need to secure additional funding in order to be able to take up their studies at Queen Mary. For further details of the requirements set out by UK Visas and Immigration, please see  the Advice and Counselling Service guidance.

Eligibility and applying

Applicants must meet the eligibility criteria set out by the Islamic Development Bank as well our entry requirements .

Applicants should submit an application to the Islamic Development Bank scholarship programme  and should also apply for our PhD programme following our usual application procedures . It is recommended that applicants should apply at least 2 months before the IsDB scholarship deadline.

Successful applicants to Queen Mary will receive an offer including a condition of securing funding from the IsDB. Queen Mary will nominate successful candidates to IsDB who will make the final selection to determine successful candidates for the scholarships to undertake their PhD programme at Queen Mary.

The deadline for the IDB PhD scholarship applications normally falls in February but candidates should confirm this with the IDB.

AIMS Education Logo

PhD Islamic Finance - Research Based

Uk accredited and globally recognized online islamic finance phd, phd in islamic banking and finance.

AIMS PhD Islamic Finance is a research-based program designed for aspiring Islamic finance scholars to secure a high position at top-tier organizations. Our graduates are competent to perform critical roles in various areas in Islamic banking and finance. PhD in Islamic banking and finance is accredited globally and can be completed Full-Time or Part-Time through an online learning model. Students are required to prepare a research-based Islamic finance dissertation. After completing the Islamic finance PhD, our graduates promote evidence-based practices globally. AIMS Islamic Finance PhD graduates are highly skilled in applying Shariah-compliant Islamic finance methodologies and have proved to be the next generation of scholars. Our flexible learning system allows candidates to pursue Islamic finance doctoral research across various areas.

Reach the Milestone of Your Career

AIMS welcomes you to reach this milestone of graduate study, where your dedication and design of Islamic finance products will enter the permanent scholarly record. AIMS wishes you great success in completing your PhD Islamic Banking and Finance degree.

Integrate education to deal with the more significant problems in IFIs.

Research that contributes to the growth of Islamic finance practices.

Become an Islamic finance scholar of international standing.

Islamic Finance PhD: At a Glance

Mode of StudyResearch-based and Self-paced learning.
Study RequirementsPrepare your dissertation, which the AIMS PhD Faculty supervises.
Average Duration of CompletionTwo years.
PhD Self-Study Requirements10-12 hours per week.
Credit Hours12.
UK Qualification EquivalencyLevel-8.
Degree AwardedPhD in Islamic Banking and Finance.

Islamic Finance Programs

  • Certified Islamic Banker (CIB)
  • Certified Islamic Finance Expert (CIFE)
  • Diploma in Islamic Finacne (MDIF)
  • MBA Islamic Banking and Finance Degree
  • PhD (Doctorate) in Islamic Finance and Banking

Program Objectives !

Through cutting-edge research and scholarly contributions, perform leadership roles in Islamic banking and finance.

Equip scholars with deep expertise in Islamic financial practices, preparing them for leadership roles in IFIs.

Globally recognized doctorate program to enhance career opportunities in Islamic Financial Institutions.

Lead Islamic finance practices based on Shariah Principles and address contemporary challenges.

Encourage research to explore the intersections of Shariah-compliant finance with regional and international laws.

Drive innovation in Islamic banking and finance practices, rigorous academic theory, and practical application.

How to Achieve Your PhD in Islamic Banking and Finance with AIMS?

The AIMS Islamic finance PhD journey may be completed at your convenience in two years or less. Students must dedicate 10-12 hours weekly to complete their PhD research thesis in Islamic banking and finance . Our PhD in Islamic finance faculty is available to complete your search to align your academic and career aspirations.

phd in Islamic banking and finance

Step 1: Eligibility and Admission

  • Candidates can enroll in an online PhD in Islamic Finance with a masters in Islamic finance and at least five years of work experience.
  • If the master’s concentration is not in Islamic finance, the Certified Islamic Finance Expert may fulfill the prerequisite requirements.
  • Eligible candidates may register online; admission processing takes 4-5 working days.

Step 2: Approval of PhD Islamic Finance Dissertation

  • Students must ensure their PhD Islamic finance thesis topic aligns with their career goals, interests, and experience.
  • Discuss the research topic with AIMS’ Islamic finance faculty for assistance.
  • Students may start preparing their dissertation once the PhD Islamic Finance Committee approves the Islamic finance research proposal.

Step 3: Preparing the PhD Islamic Finance Thesis

  • Create a research proposal with help from a dedicated faculty member.
  • The faculty support is provided online through emails and WhatsApp.
  • Our PhD Islamic banking and finance faculty members help students complete their dissertations throughout their studies.

Step 4: Thesis Evaluation and Doctorate Award

  • Once the research is completed and documented, students must appear online or in the UK for the Defense.
  • Successful candidates are awarded the accredited and recognized Doctorate in Islamic Finance degree.
  • Students may also request Degree Apostille or Embassy Legalization when requesting their degree.

Accreditation!

AIMS, accredited by CPD and registered with the UKRLP in the UK, is a globally recognized institution for Islamic banking and finance studies. The online PhD in Islamic Banking and Finance offered by AIMS complies with the standards specified by the Ofqual Regulated Qualifications Framework RQF  Level-8 PhD degree . The Islamic Finance PhD also adheres to the Shariah Standards established by AAOIFI .

Hear from Our Global Learners!

“I took my first step towards Islamic Finance in the year 2006. It was when I enrolled in the AIMS PhD in Islamic Banking and Finance online program at AIMS. After completing my studies, I secured a good position in one of the leading Islamic banks. When I started my PhD in Islamic Banking and Finance as a part-time student, I found it hard to research and write. However, the highly supportive faculty and in-depth study of Islamic banking financial modes helped me and enhanced my confidence. Time passed in the blink of an eye, and I completed my PhD in Islamic Banking and Finance. Now, I am a senior investment consultant, and I feel fortunate to have chosen AIMS to build my career.”

Prominent Features of Our PhD Islamic Finance

Internationally accreditation & recognition.

Our PhD in Islamic Finance degree is well-reputed, and our graduates perform critical roles in renowned IFIs. AIMS international accreditation emphasizes its commitment to providing the highest-quality educational standards and aligns them with the best Islamic finance practices. Several government-recognized bodies in the UK and USA government-recognized accredited the doctorate program.

Easily Manageable and Flexible Study Option

AIMS’s flexible learning system allows Islamic Finance PhD students to study at their convenience. The doctorate program structure allows students to complete their Islamic finance research thesis in a duration that suits them. Islamic finance faculty supervision is provided throughout the PhD Islamic Finance studies using several online communication channels.

Expert Faculty and Research Guidance

The team of expert scholars in Islamic banking and finance facilitates AIMS’ PhD in Islamic banking and finance. The students receive dedicated research guidance, which ensures they receive support throughout their academic journey. Our faculty is committed to helping students conduct their Islamic finance empirical research and explore theoretical frameworks.

Robust Networking Opportunities

With AIMS PhD Islamic Banking and Finance, students can access a global network of Islamic finance scholars. Students can also enrich their knowledge by participating in research projects. Attending seminars and conferences also enhances their academic experience and opens doors to potential career opportunities.

Frequently Asked Questions

What career opportunities are available after completing the phd in islamic finance.

Our PhD Islamic Finance graduates pursue senior career positions and serve as:

  • Senior Executive roles in IFI;
  • Islamic Finance Consultants;
  • University Professor;
  • Government Analysts or Policy Advisors;
  • Entrepreneur in Shariah Compliant Finance Business; and;
  • Researcher.

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phd scholarships in islamic banking and finance

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(FIEF) PhD in Islamic Banking and Finance (Research)

Programme details, id:   b301, name:   (fief) phd in islamic banking and finance (research), programme overview.

Doctor of Philosophy (PhD)

PhD in Islamic Banking and Finance

English, Arabic and Malay

Full Time (2-5 years), Part Time (2.5-7 years)

Full Time (BND $9,095.00), Part TIme (BND $10,669.00)

For local or international apply through our Online Application

Application Deadline

Intake Deadline for All Applicants
August 31st March
January 31st August

Entry Requirement

Applications are invited from qualified candidates for admission to the programmes offered. To be considered for admission, applicants must satisfy the general entry requirements and specific entry requirements as set for each programme.

Applicants must note that fulfilling the general entry requirements and specific entry requirements does not guarantee entry into UNISSA's programmes as admission to all programmes is competitive and limited subject to availability of spaces.

  • Passed The Primary School Religious Certificates ( Sijil Sekolah-Sekolah Rendah Ugama Brunei) examination or its equivalent.
  • Applicants applying for graduate programmes must fulfil any other special requirements from the Facult/Centre concerned
  • Applicants applying for postgraduate programmes may also be required to sit for al-Qur'an al-Karim recitation test conducted by the University.
  • If deemed necessary, applicants may also be required to attend an interview conducted by the relevant Faculty/Centre.
  • Application for a Degree by Research must be accompanied by a research proposal. The proposal should include, but not be confined to: Introduction to the research topic; Research aims and objectives, including any working hypotheses if applicable; Literature review; Methodology, including any data requirements; Resource requirements, and; Timetable of work (Gantt Chart). The research proposal should be approximately 1,000 - 1,5000 words in length.
Ph.D Programme

Language Requirement

English Medium Applicants are required to obtain at least:

Contact Info

Faculty/Centre: Faculty of Islamic Economics and Finance Office

Contact Name: Faculty of Islamic Economics and Finance Office

Email [email protected]

BACHELOR DEGREE AND HIGHER NATIONAL DIPLOMA PROGRAMMES

GENERAL NOTES FOR UNDERGRADUATE

  • Universiti Islam Sultan Sharif Ali reserves the right to reject applications which are incomplete, received after the closing date or containing false information.
  • Only shortlisted / successful candidates will be
  • Only qualifications from a University / Institution / Examination Board recognised by the University Senate will be
  • For entry to first degree programmes only Sijil Tinggi Pelajaran Ugama Brunei (STPUB) and Brunei-Cambridge GCE ‘A’ Level qualifications or equivalent qualifications obtained in not more than 3 sittings and not exceeding three (3) years of last examination will be
  • Applicants with other equivalent qualification such as Higher National Diploma (HND) may be considered subject to fulfilling the entry requirement set by the programme they have applied
  • General Paper and English as a Second Language will not be considered as Advanced Level
  • The London GCE ‘O’ Level Malay will not be considered .
  • Applicants who do not meet the normal entry requirements may be considered for admission to first degree programmes as mature applicants subject to the requirements set by the University as set out
  • Applicants must satisfy other requirements as set by faculties in Universiti Islam Sultan Sharif Ali from time to
  • Required to go through prescribed medical fitness examination and must be certified as fit to join the
  • If deemed necessary, applicants may also be required to attend an interview conducted by the relevant
  • Points will be allocated to ‘A’ Level grades according to the following scheme, which is based on that used by the University Colleges Admission Services (UCAS), United Kingdom. Advanced Subsidiary (AS) Level qualifications are not awarded points in the UNISSA scheme and are not taken into account when determining acceptable qualifications for entry to
  • For English Medium programmes, applicants must have at least a credit 6 in English Language at GCE ‘O’ Level Examination or a grade ‘ C ’ in IGCSE English (as a Second Language) or an IELTS score of 0 or a TOEFL minimum overall score of 550 .
  • Passed Primary School Religious Certificate ( Sijil Sekolah-Sekolah Rendah Ugama Brunei ) examination or its equivalent including Penilaian Sekolah Rendah Certificate examination for applicants from Institut Tahfiz al-Qur’an Sultan Haji Hassanal Bolkiah (ITQSHHB) and Arabic Schools, or equivalent qualifications recognised by University
  • Pass al-Qur’an al-Karim recitation test conducted by the
  • Universiti Islam Sultan Sharif Ali reserves the right toreject applications which are incomplete, receivedafter the closing date, or containing false information.
  • Only shortlisted / successful candidates will be contacted.
  • Only qualifications from a University / Institution /Examination Board recognised by the UniversitySenate will be considered.
  • Passed the Primary School Religious Certificate ( Sijil Sekolah-Sekolah Rendah Ugama Brunei ) examination or its equivalent.
  • Applicants applying for graduate programmes must fulfil any other special requirements from the Faculty / Centre concerned and may also be required to sit for al-Qur’an al-Karim recitation test conducted by the University.
  • If deemed necessary, applicants may also be required to attend an interview conducted by the relevant Faculty/ Centre.
  • Application for a Research mode programme must be accompanied by a research proposal approximately 1,000 – 1,500 words in length.

LANGUAGE REQUIREMENTS

SPECIFIC ENTRY REQUIREMENTS

Tuition fees for undergraduate.

TUITION FEES FOR POSTGRADUATE

  • London, United Kingdom
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International Institute of Islamic Economics and Finance

International Institute of Islamic Economics and Finance

Institute for Islamic finance, Halal economics, Islamic marketing and Islamic Business Administration

Scholarship

IIISEF, the world’s leading model Islamic business school based in London, UK always cares about society. As part of our Corporate Social Responsibility towards the community and part of our charity, we are providing a limited number of scholarships to the most deserved students from all around the world. The scholarships are full and partial. There are three types of scholarships offered by the school namely, individual student case-by-case scholarships,  Seasonal scholarships and country-wise scholarships. In individual case-by-case scholarships, students apply for regular courses and make a request to the school for scholarships. The scholarship is decided by the school based on certain criteria. In the second type, students are offered a semester-based scholarship. Each and every semester, the school informs via the website and social media regarding the availability of scholarships. Students need to sit for a competitive aptitude exam and % of scholarship is decided based on the score in the exam. The school would offer fee waivers or partial scholarships for selected countries as part of the Islamic Finance Road Show. Please check the website for updates.

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phd scholarships in islamic banking and finance

PhD scholarship in Islamic banking and finance

The recently established Centre for Islamic Business and Finance Research (CIBFR) at The University of Nottingham Malaysia Campus (UNMC) is pleased to announce the opening of a scholarship in conjunction with the establishment of the Centre. We invite applicants who are interested to pursue a career in Islamic Banking and Finance to apply.

Research field: Islamic Banking and Finance

Availability: Open for applications from August 1, 2014 until September 3, 2014. The scholarship is available for the 2014-2015 September intake.

Eligibility and application details: This scholarship is for full time study at Nottingham University Business School at UNMC (NUBS Malaysia). Details about eligibility criteria and application process are available at the NUBS Malaysia PhD website . Funding details: The scholarship covers full tuition fee for up to a maximum of four years only. Accepted applicants have the opportunity to work as Research Associate/Part-time Tutor to cover living expenses. (Terms and conditions apply). Informal enquiries about the scholarship can be directed to: Dr Nafis ALAM Associate Professor of Finance Director of CIBFR, NUBS Malaysia University of Nottingham Malaysia Campus Jalan Broga, 43500 Semenyih, Selangor, Malaysia. t: +60(3) 8924 8279 f: +60(3) 8924 8019 e: [email protected]   Enquiries on eligibility criteria and the application process can be directed to: Dr Kin Boon TANG Director of PhD Programme, NUBS Malaysia University of Nottingham Malaysia Campus Jalan Broga, 43500 Semenyih, Selangor, Malaysia. t: +60(3) 8924 8289 f: +60(3) 8924 8019 e: [email protected]    

Nottingham University Business School

University of Nottingham Malaysia Jalan Broga, 43500 Semenyih Selangor Darul Ehsan Malaysia

telephone: +6 (03) 8924 8000 fax: +6 (03) 8924 8019

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Fully funded Banking and Finance Scholarships in 2024 - 2025

20+ best scholarships for banking and finance students.

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    phd scholarships in islamic banking and finance

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  1. Fully funded Islamic Finance Scholarships in 2024

    25.7 K. 19.5 K. 22.5 K. 22.5 K. Discover the best fully funded Islamic Finance scholarships for Masters, Undergraduate and PhD programs in 2024 - 2025. Explore top opportunities for international students to advance their academic careers without financial stress.

  2. PhD in Islamic Finance and Economy

    The Doctor of Philosophy (PhD) in Islamic Finance and Economy is an innovative multidisciplinary program that provides students with the required analytical and research skills to understand, analyze, and interpret the workings of the rapidly expanding Islamic financial services and market sectors, and to tackle their emerging challenges and opportunities.

  3. Online PhD in Islamic Finance and Economics

    As a high-level PhD, the EUCLID DIFE provides outstanding professional and academic preparation to its students for a successful career in Islamic finance at the international, regional, national and local levels. Outlook includes teaching positions at the university level as well as managerial positions in education, banking, and economic policy.

  4. Online PhD in Islamic Finance and Economics (DIFE)

    EUCLID's online PhD in Islamic Finance and Economics program was developed at the convergence of EUCLID's expertise in global governance, international civil service and interfaith studies. Historically, this PhD program was developed after EUCLID signed an agreement with the OIC-affiliated Islamic Chamber of Commerce and Industry (ICCI ...

  5. Ph.D in Islamic Banking and Finance / PIBF

    Ph.D in Islamic Banking and Finance / PIBF

  6. Oxford Centre for Islamic Studies (OCIS) Scholarships

    Oxford Centre for Islamic Studies (OCIS) Scholarships

  7. How to Find a PhD Scholarship in Islamic Finance: An Ultimate Guide

    Scholarships for PhD in Islamic finance by AIMS UK: As one of the pioneers in Islamic finance education, AIMS University has been offering PhD scholarships for Islamic finance for quite some time.

  8. Islamic finance research degrees

    [email protected]. +44 (0)1382 384845. Professor Bill Russell. Professor, Associate Dean International and Student Admissions. [email protected]. +44 (0)1382 385165. An overview of our postgraduate research in Islamic finance and entry requirements for PhDs and other research degrees.

  9. PhD Islamic Banking and Finance

    PhD in Islamic Banking and Finance is envisioned as a pioneering educational and training program for participants to acquire both theoretical knowledge and practical skills to win a distinguished place in the emerging global market of Islamic Banking and Finance. ... UMT offers a range of generous scholarships and financial aid packages in a ...

  10. Islamic Banking and Finance

    Islamic Banking and Finance, Ph.D.

  11. Islamic Finance, Ph.D.

    The vision is for our Islamic Finance PhD programme at the University of Dundee to become the home for some of the best Islamic finance researchers in the world. Visit the Visit programme website for more information. University of Dundee. Dundee , Scotland , United Kingdom. Top 2% worldwide.

  12. Doctor of Philosophy in Islamic Banking and Finance

    Ph.D. in Islamic Banking and Finance - Institute - IIUM

  13. Islamic Economics and Finance Application and Research Center

    Islamic Banking Transactions; Arabic-2 . PhD Program. The first PhD program in Islamic Economics and Finance in Turkey was launched by Istanbul University. Like the MS programs, it has the most comprehensive curriculum among the others. However a Master's degree in any area is required for the admission officially, those who have Masters in ...

  14. Online PhD in IRGD (Islamic Finance and Economics)

    The EUCLID online PhD in Islamic Finance and Economics is among the programs developed as part of a Joint Initiative between EUCLID (an intergovernmental treaty-based institution) and ICCI (now ICCIA, the Islamic Chamber of Commerce, Industry and Agriculture), starting 2008.. This PhD program represents a convergence of EUCLID's expertise in global governance, international civil service ...

  15. Islamic Development Bank PhD Scholarships

    Islamic Development Bank PhD Scholarships. Candidates from any of the Islamic Development Bank's fifty-seven member countries are eligible to apply for the QMUL-IsDB PhD scholarships. The jointly funded scholarships will cover the tuition fees and provide a stipend of £1,030/month to contribute towards the scholar's living costs.

  16. Accredited PhD Islamic Finance & Banking Online by Research

    PhD in Islamic banking and finance is accredited globally and can be completed Full-Time or Part-Time through an online learning model. Students are required to prepare a research-based Islamic finance dissertation. After completing the Islamic finance PhD, our graduates promote evidence-based practices globally.

  17. PhD in Islamic Banking and Finance

    On Line. Part Time. MYR 26,331.00. MYR 26,331.00. For international students studying On Campus (OC) mode, Visa Fees and University Bond fees are excluded. Visa Fees & University Bond fees costs around RM5,120, it depends on the students nationality. All fees are subjected to change at the University's discretion.

  18. (FIEF) PhD in Islamic Banking and Finance (Research)

    PhD in Islamic Banking and Finance. Medium: English, Arabic and Malay. Duration: Full Time (2-5 years), Part Time (2.5-7 years) Fees: Full Time (BND $9,095.00), Part TIme (BND $10,669.00) How to apply: For local or international apply through our Online Application.

  19. Scholarship

    IIISEF, the world's leading model Islamic business school based in London, UK always cares about society. As part of our Corporate Social Responsibility towards the community and part of our charity, we are providing a limited number of scholarships to the most deserved students from all around the world. The scholarships are full and partial.

  20. PhD scholarship in Islamic banking and finance

    We invite applicants who are interested to pursue a career in Islamic Banking and Finance to apply. Research field: Islamic Banking and Finance. Availability: Open for applications from August 1, 2014 until September 3, 2014. The scholarship is available for the 2014-2015 September intake. Eligibility and application details: This scholarship ...

  21. Islamic Finance and Economy, Ph.D.

    The PhD in Islamic Finance and Economy at Hamad Bin Khalifa University is centered on the national priorities as set out in the Qatar National Vision 2030, on the local aspirations as enshrined in the objectives of the Shari'a, and on global targets such as the UN Sustainable Development Goals. A key motivation for the PhD program is to ...

  22. Fully funded Banking and Finance Scholarships in 2024

    New Zealand. 04/30/2025. Learn More. This is a Bachelor, Masters, PhD scholarships for International Students at University of Otago, New Zealand. Students interested in All Subjects are advised to apply for University of Otago in New Zealand Global Scholarships 2025 (Funding up to $15,000). Expires in72 Days.

  23. Master's Program Admissions

    We understand that there are many factors to consider when deciding whether to pursue a master's degree, one of which will be how to finance your education. We are committed to distributing as much financial assistance as possible to our talented students and offer competitive awards based on a combination of merit and need.

  24. Islamic Economics and Finance

    The main purpose of the Islamic Economics and Finance program at Istanbul Sabahattin Zaim University is to contribute to the development of the theory and practice of Islamic economics and the establishment of an Islamic economic and financial system by emphasizing the legal and moral aspects of Islam. The TOEFL iBT® is given online through ...