MSc

MSc Islamic Finance and Sharia Governance

Govern murabaha files and AAOIFI footnotes in EN+AR—without claiming a Sharia-board seat.

Online & New Capital Campus

4 Semesters (2 Years)36 creditsEnglish and Arabic (bilingual assessment; academic Arabic required for AR-medium tracks)

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MSc Islamic Finance and Sharia Governance

Overview

Islamic finance in the Gulf fails less on product names and more on governance that cannot survive a bilingual board. This degree starts with files: who signed the structure, which AAOIFI standard was cited, and whether the Arabic fatwa extract actually matches the English term sheet a family office will keep. You will treat Vision 2030 localisation and GCC dual-listing as operating facts, not as brochure colour. Imperial University in Cairo places family enterprises and regional banks at the centre because textbook sukuk cases hide the actual constraint set: related-party deposits, founder fatwa shopping, and attestation that is not evaluation. English and Arabic assessment options match how Riyadh, Dubai, and Cairo committees actually file. You will design a product-governance calendar, interrogate screening lists without pretending to be a licensed scholar, and write a dissent note a chair can minuted. The award is academic. It is not a dealing licence, not a Sharia-board appointment, and not League of Arab States employment. It is for people who must keep Islamic product files honest when marketing has already printed the word compliant. Assessment is bilingual because GCC Islamic windows still file Arabic fatwas beside English covenants. You will keep a product calendar through Ramadan close-outs, map family-office related-party deposits without a private-bank template, and write a Vision 2030 localisation note that does not pretend a headcount is a Sharia control. Tuition-free online study does not weaken identity-checked exams. Marketing for this MSc will not use bank crests, League of Arab States marks, or fake accreditation language. MSc Islamic Finance and Sharia Governance is taught as one award, not a list of unrelated modules. The published length is 4 Semesters (2 Years), and the credit total is 36. Students move from Murabaha, Ijara, and Wakala File Architecture through Murabaha, Ijara, and Wakala File Architecture; Sukuk Governance versus Marketing Labels; AAOIFI, IFSB, and Internal Policy Hierarchies; Sharia Secretariat Workflows and Minute Discipline; Conflict, Related Parties, and Founder Pressure; Screening Lists without Scholar Theatre, and finish on Ethics of Claiming Compliance. Each course has a question, a method, and a submission. In this field, students read a set of figures, build a small case, and state which assumption moves the result. Reading is financial statements, a recognition note, and a risk report. The artefact a marker expects is a recommendation that separates the decision, the numbers, and the risk. The award is built so that a graduate can do the following in practice: Map a product from origination to bilingual board pack Separate AAOIFI citation from marketing slogans Write an EN+AR dissent note a committee can minute Teaching assumes the student can read a source, attempt a problem before the seminar, and revise after feedback. Attendance at live seminars is part of the design. The capstone or final course must use the methods of the earlier courses; a project that ignores them does not pass. This course does not confer an accounting, audit, or financial-services licence. The pages for each course name the topics that are examined. Those topics are the syllabus. A brochure line is not a substitute for them.

Thirty-six credits across product architecture, Sharia governance process, family-office interfaces, and a bilingual capstone. Identity-checked exams plus operational memos. Tuition-free online aside from the examination fee. No logos of banks, LAS, AU, or UN in teaching materials.

Who This Programme Is For

Internal Sharia review and product-governance staff
Family-office and family-bank relationship managers
Compliance officers in GCC Islamic windows
Waqf and non-profit finance coordinators (non-appointive)

How you can study

Digital only

Study online

100% tuition-free online

Online tuition is completely free. Study from anywhere in Egypt, the Arab region, and worldwide with full digital flexibility.

✦ Tuition: £0 / $0
✦ Examinations are free. There is no exam fee.
✦ Learn from anywhere · Live online seminars

Apply online →

What You Will Learn

Map a product from origination to bilingual board pack
Separate AAOIFI citation from marketing slogans
Write an EN+AR dissent note a committee can minute
Treat attestation as document practice, not academic evaluation
State that the award is not a Sharia-board licence

Curriculum

Module 1: Product architecture

Code	Course	Credits · hours
IUC1101	Murabaha, Ijara, and Wakala File Architecture Murabaha, Ijara, and Wakala File Architecture (IUC1101) is a 3-credit course on MSc Islamic Finance and Sharia Governance, with 30 notional learning hours. By the end, students can read a set of figures, build a small case, and state which assumption moves the result, using Murabaha, Ijara, and Wakala File Architecture as the working context rather than a generic management example. The course is taught in three movements. First, students establish the terms and the decision the course is about. Second, they apply the method to a case, dataset, text, or design and compare it with a weaker alternative. Third, they revise the work after feedback and state what the conclusion cannot support. Preparation uses financial statements, a recognition note, and a risk report. Seminar time is for the decision, not for reading the materials aloud. Assessment is a recommendation that separates the decision, the numbers, and the risk. A pass requires a clear method, evidence a marker can check, and an explicit limit. Credit is not awarded for summary alone. This course does not confer an accounting, audit, or financial-services licence. IUC1101-M1 · Statements: income, position, and cash — Murabaha, Ijara, and Wakala File Architecture IUC1101-M2 · Recognition, ratios, and what the numbers cannot show — Murabaha, Ijara, and Wakala File Architecture IUC1101-M3 · Cash flows, discount rates, and sensitivity — Murabaha, Ijara, and Wakala File Architecture IUC1101-M4 · Market, credit, and operating risk — Murabaha, Ijara, and Wakala File Architecture IUC1101-M5 · Controls, exceptions, and reporting — Murabaha, Ijara, and Wakala File Architecture IUC1101-M6 · An investment or operating recommendation — Murabaha, Ijara, and Wakala File Architecture	3 · 30 h
IUC1102	Sukuk Governance versus Marketing Labels Sukuk Governance versus Marketing Labels (IUC1102) is a 3-credit course on MSc Islamic Finance and Sharia Governance, with 30 notional learning hours. By the end, students can read a set of figures, build a small case, and state which assumption moves the result, using Sukuk Governance versus Marketing Labels as the working context rather than a generic management example. The course is taught in three movements. First, students establish the terms and the decision the course is about. Second, they apply the method to a case, dataset, text, or design and compare it with a weaker alternative. Third, they revise the work after feedback and state what the conclusion cannot support. Preparation uses financial statements, a recognition note, and a risk report. Seminar time is for the decision, not for reading the materials aloud. Assessment is a recommendation that separates the decision, the numbers, and the risk. A pass requires a clear method, evidence a marker can check, and an explicit limit. Credit is not awarded for summary alone. This course does not confer an accounting, audit, or financial-services licence. IUC1102-M1 · Statements: income, position, and cash — Sukuk Governance versus Marketing Labels IUC1102-M2 · Recognition, ratios, and what the numbers cannot show — Sukuk Governance versus Marketing Labels IUC1102-M3 · Cash flows, discount rates, and sensitivity — Sukuk Governance versus Marketing Labels IUC1102-M4 · Market, credit, and operating risk — Sukuk Governance versus Marketing Labels IUC1102-M5 · Controls, exceptions, and reporting — Sukuk Governance versus Marketing Labels IUC1102-M6 · An investment or operating recommendation — Sukuk Governance versus Marketing Labels	3 · 30 h
IUC1103	AAOIFI, IFSB, and Internal Policy Hierarchies AAOIFI, IFSB, and Internal Policy Hierarchies (IUC1103) is a 3-credit course on MSc Islamic Finance and Sharia Governance, with 30 notional learning hours. By the end, students can read a set of figures, build a small case, and state which assumption moves the result, using AAOIFI, IFSB, and Internal Policy Hierarchies as the working context rather than a generic management example. The course is taught in three movements. First, students establish the terms and the decision the course is about. Second, they apply the method to a case, dataset, text, or design and compare it with a weaker alternative. Third, they revise the work after feedback and state what the conclusion cannot support. Preparation uses financial statements, a recognition note, and a risk report. Seminar time is for the decision, not for reading the materials aloud. Assessment is a recommendation that separates the decision, the numbers, and the risk. A pass requires a clear method, evidence a marker can check, and an explicit limit. Credit is not awarded for summary alone. This course does not confer an accounting, audit, or financial-services licence. IUC1103-M1 · Statements: income, position, and cash — AAOIFI, IFSB, and Internal Policy Hierarchies IUC1103-M2 · Recognition, ratios, and what the numbers cannot show — AAOIFI, IFSB, and Internal Policy Hierarchies IUC1103-M3 · Cash flows, discount rates, and sensitivity — AAOIFI, IFSB, and Internal Policy Hierarchies IUC1103-M4 · Market, credit, and operating risk — AAOIFI, IFSB, and Internal Policy Hierarchies IUC1103-M5 · Controls, exceptions, and reporting — AAOIFI, IFSB, and Internal Policy Hierarchies IUC1103-M6 · An investment or operating recommendation — AAOIFI, IFSB, and Internal Policy Hierarchies	3 · 30 h

Code

Course

Credits · hours

IUC1101

Murabaha, Ijara, and Wakala File Architecture

Murabaha, Ijara, and Wakala File Architecture (IUC1101) is a 3-credit course on MSc Islamic Finance and Sharia Governance, with 30 notional learning hours. By the end, students can read a set of figures, build a small case, and state which assumption moves the result, using Murabaha, Ijara, and Wakala File Architecture as the working context rather than a generic management example. The course is taught in three movements. First, students establish the terms and the decision the course is about. Second, they apply the method to a case, dataset, text, or design and compare it with a weaker alternative. Third, they revise the work after feedback and state what the conclusion cannot support. Preparation uses financial statements, a recognition note, and a risk report. Seminar time is for the decision, not for reading the materials aloud. Assessment is a recommendation that separates the decision, the numbers, and the risk. A pass requires a clear method, evidence a marker can check, and an explicit limit. Credit is not awarded for summary alone. This course does not confer an accounting, audit, or financial-services licence.

IUC1101-M1 · Statements: income, position, and cash — Murabaha, Ijara, and Wakala File Architecture
IUC1101-M2 · Recognition, ratios, and what the numbers cannot show — Murabaha, Ijara, and Wakala File Architecture
IUC1101-M3 · Cash flows, discount rates, and sensitivity — Murabaha, Ijara, and Wakala File Architecture
IUC1101-M4 · Market, credit, and operating risk — Murabaha, Ijara, and Wakala File Architecture
IUC1101-M5 · Controls, exceptions, and reporting — Murabaha, Ijara, and Wakala File Architecture
IUC1101-M6 · An investment or operating recommendation — Murabaha, Ijara, and Wakala File Architecture

3 · 30 h

IUC1102

Sukuk Governance versus Marketing Labels

Sukuk Governance versus Marketing Labels (IUC1102) is a 3-credit course on MSc Islamic Finance and Sharia Governance, with 30 notional learning hours. By the end, students can read a set of figures, build a small case, and state which assumption moves the result, using Sukuk Governance versus Marketing Labels as the working context rather than a generic management example. The course is taught in three movements. First, students establish the terms and the decision the course is about. Second, they apply the method to a case, dataset, text, or design and compare it with a weaker alternative. Third, they revise the work after feedback and state what the conclusion cannot support. Preparation uses financial statements, a recognition note, and a risk report. Seminar time is for the decision, not for reading the materials aloud. Assessment is a recommendation that separates the decision, the numbers, and the risk. A pass requires a clear method, evidence a marker can check, and an explicit limit. Credit is not awarded for summary alone. This course does not confer an accounting, audit, or financial-services licence.

IUC1102-M1 · Statements: income, position, and cash — Sukuk Governance versus Marketing Labels
IUC1102-M2 · Recognition, ratios, and what the numbers cannot show — Sukuk Governance versus Marketing Labels
IUC1102-M3 · Cash flows, discount rates, and sensitivity — Sukuk Governance versus Marketing Labels
IUC1102-M4 · Market, credit, and operating risk — Sukuk Governance versus Marketing Labels
IUC1102-M5 · Controls, exceptions, and reporting — Sukuk Governance versus Marketing Labels
IUC1102-M6 · An investment or operating recommendation — Sukuk Governance versus Marketing Labels

3 · 30 h

IUC1103

AAOIFI, IFSB, and Internal Policy Hierarchies

AAOIFI, IFSB, and Internal Policy Hierarchies (IUC1103) is a 3-credit course on MSc Islamic Finance and Sharia Governance, with 30 notional learning hours. By the end, students can read a set of figures, build a small case, and state which assumption moves the result, using AAOIFI, IFSB, and Internal Policy Hierarchies as the working context rather than a generic management example. The course is taught in three movements. First, students establish the terms and the decision the course is about. Second, they apply the method to a case, dataset, text, or design and compare it with a weaker alternative. Third, they revise the work after feedback and state what the conclusion cannot support. Preparation uses financial statements, a recognition note, and a risk report. Seminar time is for the decision, not for reading the materials aloud. Assessment is a recommendation that separates the decision, the numbers, and the risk. A pass requires a clear method, evidence a marker can check, and an explicit limit. Credit is not awarded for summary alone. This course does not confer an accounting, audit, or financial-services licence.

IUC1103-M1 · Statements: income, position, and cash — AAOIFI, IFSB, and Internal Policy Hierarchies
IUC1103-M2 · Recognition, ratios, and what the numbers cannot show — AAOIFI, IFSB, and Internal Policy Hierarchies
IUC1103-M3 · Cash flows, discount rates, and sensitivity — AAOIFI, IFSB, and Internal Policy Hierarchies
IUC1103-M4 · Market, credit, and operating risk — AAOIFI, IFSB, and Internal Policy Hierarchies
IUC1103-M5 · Controls, exceptions, and reporting — AAOIFI, IFSB, and Internal Policy Hierarchies
IUC1103-M6 · An investment or operating recommendation — AAOIFI, IFSB, and Internal Policy Hierarchies

3 · 30 h

Module 2: Sharia governance process

Code	Course	Credits · hours
IUC1105	Sharia Secretariat Workflows and Minute Discipline Sharia Secretariat Workflows and Minute Discipline (IUC1105) is a 3-credit course on MSc Islamic Finance and Sharia Governance, with 30 notional learning hours. By the end, students can read a set of figures, build a small case, and state which assumption moves the result, using Sharia Secretariat Workflows and Minute Discipline as the working context rather than a generic management example. The course is taught in three movements. First, students establish the terms and the decision the course is about. Second, they apply the method to a case, dataset, text, or design and compare it with a weaker alternative. Third, they revise the work after feedback and state what the conclusion cannot support. Preparation uses financial statements, a recognition note, and a risk report. Seminar time is for the decision, not for reading the materials aloud. Assessment is a recommendation that separates the decision, the numbers, and the risk. A pass requires a clear method, evidence a marker can check, and an explicit limit. Credit is not awarded for summary alone. This course does not confer an accounting, audit, or financial-services licence. IUC1105-M1 · Statements: income, position, and cash — Sharia Secretariat Workflows and Minute Discipline IUC1105-M2 · Recognition, ratios, and what the numbers cannot show — Sharia Secretariat Workflows and Minute Discipline IUC1105-M3 · Cash flows, discount rates, and sensitivity — Sharia Secretariat Workflows and Minute Discipline IUC1105-M4 · Market, credit, and operating risk — Sharia Secretariat Workflows and Minute Discipline IUC1105-M5 · Controls, exceptions, and reporting — Sharia Secretariat Workflows and Minute Discipline IUC1105-M6 · An investment or operating recommendation — Sharia Secretariat Workflows and Minute Discipline	3 · 30 h
IUC1106	Conflict, Related Parties, and Founder Pressure Conflict, Related Parties, and Founder Pressure (IUC1106) is a 3-credit course on MSc Islamic Finance and Sharia Governance, with 30 notional learning hours. By the end, students can read a set of figures, build a small case, and state which assumption moves the result, using Conflict, Related Parties, and Founder Pressure as the working context rather than a generic management example. The course is taught in three movements. First, students establish the terms and the decision the course is about. Second, they apply the method to a case, dataset, text, or design and compare it with a weaker alternative. Third, they revise the work after feedback and state what the conclusion cannot support. Preparation uses financial statements, a recognition note, and a risk report. Seminar time is for the decision, not for reading the materials aloud. Assessment is a recommendation that separates the decision, the numbers, and the risk. A pass requires a clear method, evidence a marker can check, and an explicit limit. Credit is not awarded for summary alone. This course does not confer an accounting, audit, or financial-services licence. IUC1106-M1 · Statements: income, position, and cash — Conflict, Related Parties, and Founder Pressure IUC1106-M2 · Recognition, ratios, and what the numbers cannot show — Conflict, Related Parties, and Founder Pressure IUC1106-M3 · Cash flows, discount rates, and sensitivity — Conflict, Related Parties, and Founder Pressure IUC1106-M4 · Market, credit, and operating risk — Conflict, Related Parties, and Founder Pressure IUC1106-M5 · Controls, exceptions, and reporting — Conflict, Related Parties, and Founder Pressure IUC1106-M6 · An investment or operating recommendation — Conflict, Related Parties, and Founder Pressure	3 · 30 h
IUC1107	Screening Lists without Scholar Theatre Screening Lists without Scholar Theatre (IUC1107) is a 3-credit course on MSc Islamic Finance and Sharia Governance, with 30 notional learning hours. By the end, students can read a set of figures, build a small case, and state which assumption moves the result, using Screening Lists without Scholar Theatre as the working context rather than a generic management example. The course is taught in three movements. First, students establish the terms and the decision the course is about. Second, they apply the method to a case, dataset, text, or design and compare it with a weaker alternative. Third, they revise the work after feedback and state what the conclusion cannot support. Preparation uses financial statements, a recognition note, and a risk report. Seminar time is for the decision, not for reading the materials aloud. Assessment is a recommendation that separates the decision, the numbers, and the risk. A pass requires a clear method, evidence a marker can check, and an explicit limit. Credit is not awarded for summary alone. This course does not confer an accounting, audit, or financial-services licence. IUC1107-M1 · Statements: income, position, and cash — Screening Lists without Scholar Theatre IUC1107-M2 · Recognition, ratios, and what the numbers cannot show — Screening Lists without Scholar Theatre IUC1107-M3 · Cash flows, discount rates, and sensitivity — Screening Lists without Scholar Theatre IUC1107-M4 · Market, credit, and operating risk — Screening Lists without Scholar Theatre IUC1107-M5 · Controls, exceptions, and reporting — Screening Lists without Scholar Theatre IUC1107-M6 · An investment or operating recommendation — Screening Lists without Scholar Theatre	3 · 30 h

Code

Course

Credits · hours

IUC1105

Sharia Secretariat Workflows and Minute Discipline

Sharia Secretariat Workflows and Minute Discipline (IUC1105) is a 3-credit course on MSc Islamic Finance and Sharia Governance, with 30 notional learning hours. By the end, students can read a set of figures, build a small case, and state which assumption moves the result, using Sharia Secretariat Workflows and Minute Discipline as the working context rather than a generic management example. The course is taught in three movements. First, students establish the terms and the decision the course is about. Second, they apply the method to a case, dataset, text, or design and compare it with a weaker alternative. Third, they revise the work after feedback and state what the conclusion cannot support. Preparation uses financial statements, a recognition note, and a risk report. Seminar time is for the decision, not for reading the materials aloud. Assessment is a recommendation that separates the decision, the numbers, and the risk. A pass requires a clear method, evidence a marker can check, and an explicit limit. Credit is not awarded for summary alone. This course does not confer an accounting, audit, or financial-services licence.

IUC1105-M1 · Statements: income, position, and cash — Sharia Secretariat Workflows and Minute Discipline
IUC1105-M2 · Recognition, ratios, and what the numbers cannot show — Sharia Secretariat Workflows and Minute Discipline
IUC1105-M3 · Cash flows, discount rates, and sensitivity — Sharia Secretariat Workflows and Minute Discipline
IUC1105-M4 · Market, credit, and operating risk — Sharia Secretariat Workflows and Minute Discipline
IUC1105-M5 · Controls, exceptions, and reporting — Sharia Secretariat Workflows and Minute Discipline
IUC1105-M6 · An investment or operating recommendation — Sharia Secretariat Workflows and Minute Discipline

3 · 30 h

IUC1106

Conflict, Related Parties, and Founder Pressure

Conflict, Related Parties, and Founder Pressure (IUC1106) is a 3-credit course on MSc Islamic Finance and Sharia Governance, with 30 notional learning hours. By the end, students can read a set of figures, build a small case, and state which assumption moves the result, using Conflict, Related Parties, and Founder Pressure as the working context rather than a generic management example. The course is taught in three movements. First, students establish the terms and the decision the course is about. Second, they apply the method to a case, dataset, text, or design and compare it with a weaker alternative. Third, they revise the work after feedback and state what the conclusion cannot support. Preparation uses financial statements, a recognition note, and a risk report. Seminar time is for the decision, not for reading the materials aloud. Assessment is a recommendation that separates the decision, the numbers, and the risk. A pass requires a clear method, evidence a marker can check, and an explicit limit. Credit is not awarded for summary alone. This course does not confer an accounting, audit, or financial-services licence.

IUC1106-M1 · Statements: income, position, and cash — Conflict, Related Parties, and Founder Pressure
IUC1106-M2 · Recognition, ratios, and what the numbers cannot show — Conflict, Related Parties, and Founder Pressure
IUC1106-M3 · Cash flows, discount rates, and sensitivity — Conflict, Related Parties, and Founder Pressure
IUC1106-M4 · Market, credit, and operating risk — Conflict, Related Parties, and Founder Pressure
IUC1106-M5 · Controls, exceptions, and reporting — Conflict, Related Parties, and Founder Pressure
IUC1106-M6 · An investment or operating recommendation — Conflict, Related Parties, and Founder Pressure

3 · 30 h

IUC1107

Screening Lists without Scholar Theatre

Screening Lists without Scholar Theatre (IUC1107) is a 3-credit course on MSc Islamic Finance and Sharia Governance, with 30 notional learning hours. By the end, students can read a set of figures, build a small case, and state which assumption moves the result, using Screening Lists without Scholar Theatre as the working context rather than a generic management example. The course is taught in three movements. First, students establish the terms and the decision the course is about. Second, they apply the method to a case, dataset, text, or design and compare it with a weaker alternative. Third, they revise the work after feedback and state what the conclusion cannot support. Preparation uses financial statements, a recognition note, and a risk report. Seminar time is for the decision, not for reading the materials aloud. Assessment is a recommendation that separates the decision, the numbers, and the risk. A pass requires a clear method, evidence a marker can check, and an explicit limit. Credit is not awarded for summary alone. This course does not confer an accounting, audit, or financial-services licence.

IUC1107-M1 · Statements: income, position, and cash — Screening Lists without Scholar Theatre
IUC1107-M2 · Recognition, ratios, and what the numbers cannot show — Screening Lists without Scholar Theatre
IUC1107-M3 · Cash flows, discount rates, and sensitivity — Screening Lists without Scholar Theatre
IUC1107-M4 · Market, credit, and operating risk — Screening Lists without Scholar Theatre
IUC1107-M5 · Controls, exceptions, and reporting — Screening Lists without Scholar Theatre
IUC1107-M6 · An investment or operating recommendation — Screening Lists without Scholar Theatre

3 · 30 h

Module 3: Family office and GCC context

Code	Course	Credits · hours
IUC1109	Family Enterprise Liquidity and Islamic Windows Family Enterprise Liquidity and Islamic Windows (IUC1109) is a 3-credit course on MSc Islamic Finance and Sharia Governance, with 30 notional learning hours. By the end, students can read a set of figures, build a small case, and state which assumption moves the result, using Family Enterprise Liquidity and Islamic Windows as the working context rather than a generic management example. The course is taught in three movements. First, students establish the terms and the decision the course is about. Second, they apply the method to a case, dataset, text, or design and compare it with a weaker alternative. Third, they revise the work after feedback and state what the conclusion cannot support. Preparation uses financial statements, a recognition note, and a risk report. Seminar time is for the decision, not for reading the materials aloud. Assessment is a recommendation that separates the decision, the numbers, and the risk. A pass requires a clear method, evidence a marker can check, and an explicit limit. Credit is not awarded for summary alone. This course does not confer an accounting, audit, or financial-services licence. IUC1109-M1 · Statements: income, position, and cash — Family Enterprise Liquidity and Islamic Windows IUC1109-M2 · Recognition, ratios, and what the numbers cannot show — Family Enterprise Liquidity and Islamic Windows IUC1109-M3 · Cash flows, discount rates, and sensitivity — Family Enterprise Liquidity and Islamic Windows IUC1109-M4 · Market, credit, and operating risk — Family Enterprise Liquidity and Islamic Windows IUC1109-M5 · Controls, exceptions, and reporting — Family Enterprise Liquidity and Islamic Windows IUC1109-M6 · An investment or operating recommendation — Family Enterprise Liquidity and Islamic Windows	3 · 30 h
IUC1110	Vision 2030 Localisation and Product Staffing Vision 2030 Localisation and Product Staffing (IUC1110) is a 3-credit course on MSc Islamic Finance and Sharia Governance, with 30 notional learning hours. By the end, students can read a set of figures, build a small case, and state which assumption moves the result, using Vision 2030 Localisation and Product Staffing as the working context rather than a generic management example. The course is taught in three movements. First, students establish the terms and the decision the course is about. Second, they apply the method to a case, dataset, text, or design and compare it with a weaker alternative. Third, they revise the work after feedback and state what the conclusion cannot support. Preparation uses financial statements, a recognition note, and a risk report. Seminar time is for the decision, not for reading the materials aloud. Assessment is a recommendation that separates the decision, the numbers, and the risk. A pass requires a clear method, evidence a marker can check, and an explicit limit. Credit is not awarded for summary alone. This course does not confer an accounting, audit, or financial-services licence. IUC1110-M1 · Statements: income, position, and cash — Vision 2030 Localisation and Product Staffing IUC1110-M2 · Recognition, ratios, and what the numbers cannot show — Vision 2030 Localisation and Product Staffing IUC1110-M3 · Cash flows, discount rates, and sensitivity — Vision 2030 Localisation and Product Staffing IUC1110-M4 · Market, credit, and operating risk — Vision 2030 Localisation and Product Staffing IUC1110-M5 · Controls, exceptions, and reporting — Vision 2030 Localisation and Product Staffing IUC1110-M6 · An investment or operating recommendation — Vision 2030 Localisation and Product Staffing	3 · 30 h
IUC1111	GCC Dual Listing and Cross-Border Files GCC Dual Listing and Cross-Border Files (IUC1111) is a 3-credit course on MSc Islamic Finance and Sharia Governance, with 30 notional learning hours. By the end, students can read a set of figures, build a small case, and state which assumption moves the result, using GCC Dual Listing and Cross-Border Files as the working context rather than a generic management example. The course is taught in three movements. First, students establish the terms and the decision the course is about. Second, they apply the method to a case, dataset, text, or design and compare it with a weaker alternative. Third, they revise the work after feedback and state what the conclusion cannot support. Preparation uses financial statements, a recognition note, and a risk report. Seminar time is for the decision, not for reading the materials aloud. Assessment is a recommendation that separates the decision, the numbers, and the risk. A pass requires a clear method, evidence a marker can check, and an explicit limit. Credit is not awarded for summary alone. This course does not confer an accounting, audit, or financial-services licence. IUC1111-M1 · Statements: income, position, and cash — GCC Dual Listing and Cross-Border Files IUC1111-M2 · Recognition, ratios, and what the numbers cannot show — GCC Dual Listing and Cross-Border Files IUC1111-M3 · Cash flows, discount rates, and sensitivity — GCC Dual Listing and Cross-Border Files IUC1111-M4 · Market, credit, and operating risk — GCC Dual Listing and Cross-Border Files IUC1111-M5 · Controls, exceptions, and reporting — GCC Dual Listing and Cross-Border Files IUC1111-M6 · An investment or operating recommendation — GCC Dual Listing and Cross-Border Files	3 · 30 h

Code

Course

Credits · hours

IUC1109

Family Enterprise Liquidity and Islamic Windows

Family Enterprise Liquidity and Islamic Windows (IUC1109) is a 3-credit course on MSc Islamic Finance and Sharia Governance, with 30 notional learning hours. By the end, students can read a set of figures, build a small case, and state which assumption moves the result, using Family Enterprise Liquidity and Islamic Windows as the working context rather than a generic management example. The course is taught in three movements. First, students establish the terms and the decision the course is about. Second, they apply the method to a case, dataset, text, or design and compare it with a weaker alternative. Third, they revise the work after feedback and state what the conclusion cannot support. Preparation uses financial statements, a recognition note, and a risk report. Seminar time is for the decision, not for reading the materials aloud. Assessment is a recommendation that separates the decision, the numbers, and the risk. A pass requires a clear method, evidence a marker can check, and an explicit limit. Credit is not awarded for summary alone. This course does not confer an accounting, audit, or financial-services licence.

IUC1109-M1 · Statements: income, position, and cash — Family Enterprise Liquidity and Islamic Windows
IUC1109-M2 · Recognition, ratios, and what the numbers cannot show — Family Enterprise Liquidity and Islamic Windows
IUC1109-M3 · Cash flows, discount rates, and sensitivity — Family Enterprise Liquidity and Islamic Windows
IUC1109-M4 · Market, credit, and operating risk — Family Enterprise Liquidity and Islamic Windows
IUC1109-M5 · Controls, exceptions, and reporting — Family Enterprise Liquidity and Islamic Windows
IUC1109-M6 · An investment or operating recommendation — Family Enterprise Liquidity and Islamic Windows

3 · 30 h

IUC1110

Vision 2030 Localisation and Product Staffing

Vision 2030 Localisation and Product Staffing (IUC1110) is a 3-credit course on MSc Islamic Finance and Sharia Governance, with 30 notional learning hours. By the end, students can read a set of figures, build a small case, and state which assumption moves the result, using Vision 2030 Localisation and Product Staffing as the working context rather than a generic management example. The course is taught in three movements. First, students establish the terms and the decision the course is about. Second, they apply the method to a case, dataset, text, or design and compare it with a weaker alternative. Third, they revise the work after feedback and state what the conclusion cannot support. Preparation uses financial statements, a recognition note, and a risk report. Seminar time is for the decision, not for reading the materials aloud. Assessment is a recommendation that separates the decision, the numbers, and the risk. A pass requires a clear method, evidence a marker can check, and an explicit limit. Credit is not awarded for summary alone. This course does not confer an accounting, audit, or financial-services licence.

IUC1110-M1 · Statements: income, position, and cash — Vision 2030 Localisation and Product Staffing
IUC1110-M2 · Recognition, ratios, and what the numbers cannot show — Vision 2030 Localisation and Product Staffing
IUC1110-M3 · Cash flows, discount rates, and sensitivity — Vision 2030 Localisation and Product Staffing
IUC1110-M4 · Market, credit, and operating risk — Vision 2030 Localisation and Product Staffing
IUC1110-M5 · Controls, exceptions, and reporting — Vision 2030 Localisation and Product Staffing
IUC1110-M6 · An investment or operating recommendation — Vision 2030 Localisation and Product Staffing

3 · 30 h

IUC1111

GCC Dual Listing and Cross-Border Files

GCC Dual Listing and Cross-Border Files (IUC1111) is a 3-credit course on MSc Islamic Finance and Sharia Governance, with 30 notional learning hours. By the end, students can read a set of figures, build a small case, and state which assumption moves the result, using GCC Dual Listing and Cross-Border Files as the working context rather than a generic management example. The course is taught in three movements. First, students establish the terms and the decision the course is about. Second, they apply the method to a case, dataset, text, or design and compare it with a weaker alternative. Third, they revise the work after feedback and state what the conclusion cannot support. Preparation uses financial statements, a recognition note, and a risk report. Seminar time is for the decision, not for reading the materials aloud. Assessment is a recommendation that separates the decision, the numbers, and the risk. A pass requires a clear method, evidence a marker can check, and an explicit limit. Credit is not awarded for summary alone. This course does not confer an accounting, audit, or financial-services licence.

IUC1111-M1 · Statements: income, position, and cash — GCC Dual Listing and Cross-Border Files
IUC1111-M2 · Recognition, ratios, and what the numbers cannot show — GCC Dual Listing and Cross-Border Files
IUC1111-M3 · Cash flows, discount rates, and sensitivity — GCC Dual Listing and Cross-Border Files
IUC1111-M4 · Market, credit, and operating risk — GCC Dual Listing and Cross-Border Files
IUC1111-M5 · Controls, exceptions, and reporting — GCC Dual Listing and Cross-Border Files
IUC1111-M6 · An investment or operating recommendation — GCC Dual Listing and Cross-Border Files

3 · 30 h

Module 4: Capstone

Code	Course	Credits · hours
IUC1113	Product Incident and Remediation Memos Product Incident and Remediation Memos (IUC1113) is a 3-credit course on MSc Islamic Finance and Sharia Governance, with 30 notional learning hours. By the end, students can read a set of figures, build a small case, and state which assumption moves the result, using Product Incident and Remediation Memos as the working context rather than a generic management example. The course is taught in three movements. First, students establish the terms and the decision the course is about. Second, they apply the method to a case, dataset, text, or design and compare it with a weaker alternative. Third, they revise the work after feedback and state what the conclusion cannot support. Preparation uses financial statements, a recognition note, and a risk report. Seminar time is for the decision, not for reading the materials aloud. Assessment is a recommendation that separates the decision, the numbers, and the risk. A pass requires a clear method, evidence a marker can check, and an explicit limit. Credit is not awarded for summary alone. This course does not confer an accounting, audit, or financial-services licence. IUC1113-M1 · Statements: income, position, and cash — Product Incident and Remediation Memos IUC1113-M2 · Recognition, ratios, and what the numbers cannot show — Product Incident and Remediation Memos IUC1113-M3 · Cash flows, discount rates, and sensitivity — Product Incident and Remediation Memos IUC1113-M4 · Market, credit, and operating risk — Product Incident and Remediation Memos IUC1113-M5 · Controls, exceptions, and reporting — Product Incident and Remediation Memos IUC1113-M6 · An investment or operating recommendation — Product Incident and Remediation Memos	3 · 30 h
IUC1114	Research Methods for Islamic Finance Governance Research Methods for Islamic Finance Governance (IUC1114) is a 3-credit course on MSc Islamic Finance and Sharia Governance, with 30 notional learning hours. By the end, students can read a set of figures, build a small case, and state which assumption moves the result, using Research Methods for Islamic Finance Governance as the working context rather than a generic management example. The course is taught in three movements. First, students establish the terms and the decision the course is about. Second, they apply the method to a case, dataset, text, or design and compare it with a weaker alternative. Third, they revise the work after feedback and state what the conclusion cannot support. Preparation uses financial statements, a recognition note, and a risk report. Seminar time is for the decision, not for reading the materials aloud. Assessment is a recommendation that separates the decision, the numbers, and the risk. A pass requires a clear method, evidence a marker can check, and an explicit limit. Credit is not awarded for summary alone. This course does not confer an accounting, audit, or financial-services licence. IUC1114-M1 · Statements: income, position, and cash — Research Methods for Islamic Finance Governance IUC1114-M2 · Recognition, ratios, and what the numbers cannot show — Research Methods for Islamic Finance Governance IUC1114-M3 · Cash flows, discount rates, and sensitivity — Research Methods for Islamic Finance Governance IUC1114-M4 · Market, credit, and operating risk — Research Methods for Islamic Finance Governance IUC1114-M5 · Controls, exceptions, and reporting — Research Methods for Islamic Finance Governance IUC1114-M6 · An investment or operating recommendation — Research Methods for Islamic Finance Governance	3 · 30 h
IUC1115	Ethics of Claiming Compliance Ethics of Claiming Compliance (IUC1115) is a 3-credit course on MSc Islamic Finance and Sharia Governance, with 30 notional learning hours. By the end, students can read a set of figures, build a small case, and state which assumption moves the result, using Ethics of Claiming Compliance as the working context rather than a generic management example. The course is taught in three movements. First, students establish the terms and the decision the course is about. Second, they apply the method to a case, dataset, text, or design and compare it with a weaker alternative. Third, they revise the work after feedback and state what the conclusion cannot support. Preparation uses financial statements, a recognition note, and a risk report. Seminar time is for the decision, not for reading the materials aloud. Assessment is a recommendation that separates the decision, the numbers, and the risk. A pass requires a clear method, evidence a marker can check, and an explicit limit. Credit is not awarded for summary alone. This course does not confer an accounting, audit, or financial-services licence. IUC1115-M1 · Statements: income, position, and cash — Ethics of Claiming Compliance IUC1115-M2 · Recognition, ratios, and what the numbers cannot show — Ethics of Claiming Compliance IUC1115-M3 · Cash flows, discount rates, and sensitivity — Ethics of Claiming Compliance IUC1115-M4 · Market, credit, and operating risk — Ethics of Claiming Compliance IUC1115-M5 · Controls, exceptions, and reporting — Ethics of Claiming Compliance IUC1115-M6 · An investment or operating recommendation — Ethics of Claiming Compliance	3 · 30 h

Code

Course

Credits · hours

IUC1113

Product Incident and Remediation Memos

Product Incident and Remediation Memos (IUC1113) is a 3-credit course on MSc Islamic Finance and Sharia Governance, with 30 notional learning hours. By the end, students can read a set of figures, build a small case, and state which assumption moves the result, using Product Incident and Remediation Memos as the working context rather than a generic management example. The course is taught in three movements. First, students establish the terms and the decision the course is about. Second, they apply the method to a case, dataset, text, or design and compare it with a weaker alternative. Third, they revise the work after feedback and state what the conclusion cannot support. Preparation uses financial statements, a recognition note, and a risk report. Seminar time is for the decision, not for reading the materials aloud. Assessment is a recommendation that separates the decision, the numbers, and the risk. A pass requires a clear method, evidence a marker can check, and an explicit limit. Credit is not awarded for summary alone. This course does not confer an accounting, audit, or financial-services licence.

IUC1113-M1 · Statements: income, position, and cash — Product Incident and Remediation Memos
IUC1113-M2 · Recognition, ratios, and what the numbers cannot show — Product Incident and Remediation Memos
IUC1113-M3 · Cash flows, discount rates, and sensitivity — Product Incident and Remediation Memos
IUC1113-M4 · Market, credit, and operating risk — Product Incident and Remediation Memos
IUC1113-M5 · Controls, exceptions, and reporting — Product Incident and Remediation Memos
IUC1113-M6 · An investment or operating recommendation — Product Incident and Remediation Memos

3 · 30 h

IUC1114

Research Methods for Islamic Finance Governance

Research Methods for Islamic Finance Governance (IUC1114) is a 3-credit course on MSc Islamic Finance and Sharia Governance, with 30 notional learning hours. By the end, students can read a set of figures, build a small case, and state which assumption moves the result, using Research Methods for Islamic Finance Governance as the working context rather than a generic management example. The course is taught in three movements. First, students establish the terms and the decision the course is about. Second, they apply the method to a case, dataset, text, or design and compare it with a weaker alternative. Third, they revise the work after feedback and state what the conclusion cannot support. Preparation uses financial statements, a recognition note, and a risk report. Seminar time is for the decision, not for reading the materials aloud. Assessment is a recommendation that separates the decision, the numbers, and the risk. A pass requires a clear method, evidence a marker can check, and an explicit limit. Credit is not awarded for summary alone. This course does not confer an accounting, audit, or financial-services licence.

IUC1114-M1 · Statements: income, position, and cash — Research Methods for Islamic Finance Governance
IUC1114-M2 · Recognition, ratios, and what the numbers cannot show — Research Methods for Islamic Finance Governance
IUC1114-M3 · Cash flows, discount rates, and sensitivity — Research Methods for Islamic Finance Governance
IUC1114-M4 · Market, credit, and operating risk — Research Methods for Islamic Finance Governance
IUC1114-M5 · Controls, exceptions, and reporting — Research Methods for Islamic Finance Governance
IUC1114-M6 · An investment or operating recommendation — Research Methods for Islamic Finance Governance

3 · 30 h

IUC1115

Ethics of Claiming Compliance

Ethics of Claiming Compliance (IUC1115) is a 3-credit course on MSc Islamic Finance and Sharia Governance, with 30 notional learning hours. By the end, students can read a set of figures, build a small case, and state which assumption moves the result, using Ethics of Claiming Compliance as the working context rather than a generic management example. The course is taught in three movements. First, students establish the terms and the decision the course is about. Second, they apply the method to a case, dataset, text, or design and compare it with a weaker alternative. Third, they revise the work after feedback and state what the conclusion cannot support. Preparation uses financial statements, a recognition note, and a risk report. Seminar time is for the decision, not for reading the materials aloud. Assessment is a recommendation that separates the decision, the numbers, and the risk. A pass requires a clear method, evidence a marker can check, and an explicit limit. Credit is not awarded for summary alone. This course does not confer an accounting, audit, or financial-services licence.

IUC1115-M1 · Statements: income, position, and cash — Ethics of Claiming Compliance
IUC1115-M2 · Recognition, ratios, and what the numbers cannot show — Ethics of Claiming Compliance
IUC1115-M3 · Cash flows, discount rates, and sensitivity — Ethics of Claiming Compliance
IUC1115-M4 · Market, credit, and operating risk — Ethics of Claiming Compliance
IUC1115-M5 · Controls, exceptions, and reporting — Ethics of Claiming Compliance
IUC1115-M6 · An investment or operating recommendation — Ethics of Claiming Compliance

3 · 30 h

Career Paths

Islamic product governance analyst
Internal Sharia secretariat officer (academic study)
Family-office Islamic investments coordinator
Waqf finance governance officer
Bilingual compliance memo writer

Programme Highlights

Tuition-free online
EN+AR board-file practice
Family enterprise cases
Vision 2030 localisation as a constraint
No fake Sharia appointment claims

Assessment

Modules are assessed through a published mix of coursework, applied projects, and examinations. Exam windows are announced in advance so students in other time zones are not forced into overnight sittings. Alternative arrangements are available where documented.

Admission requirements

Academic entry

Bachelor's degree from a recognised institution (minimum 2:2 / GPA 2.5/4.0 or equivalent national scale)
Identity document for remote identity-checked assessment enrolment
Preferred: work in Islamic banking, family offices, or waqf finance (non-appointive acceptable)

English language

English and/or Arabic according to the track: IELTS 5.5 / TOEFL 46 or equivalent for English-medium study (waived for prior English-medium HE); Arabic-medium or bilingual tracks require evidence of academic Arabic (university study in Arabic, or an IUC Arabic placement). GCC applicants may submit attested documents per usual practice; attestation does not replace academic evaluation.

Documents

Statement of Purpose (500 words minimum) stating goals, professional context, and fit
Two academic or professional references with verifiable contact details
CV or résumé covering education and relevant work
Official transcripts (digital copies accepted at application; certified copies before award)

Programme questions

How long is the MSc Islamic Finance and Sharia Governance?

The published duration is 4 Semesters (2 Years). Teaching language: English and Arabic (bilingual assessment; academic Arabic required for AR-medium tracks). Actual time-to-complete depends on mode and any recognised prior learning.

Can I study this from my country?

You may study this award fully online from your country, or — where published — on campus at IUC. Online study does not require a student visa. Campus study may.

What does it cost?

Degree tuition for this award is published as £0 / tuition-free on the online pathway. Examination or administrative fees may apply at checkout — never an annual tuition invoice. Check the Fees page for any extras.

What are the entry requirements?

Requirements are grouped on this page (academic, English, documents). Equivalent qualifications are considered. English may be waived after prior English-medium study.

How is the programme assessed?

Assessment is typically a mix of coursework, projects, and examinations. Doctoral awards include a thesis or dissertation and an oral examination. Details sit in the programme specification and module outlines.

Will this award be recognised where I live?

Recognition of the award for local employment, professional licence, or ministry attestation is decided by your employer or regulator. Imperial University in Cairo publishes verification pages for certificates. We do not claim automatic equivalence in every country.

How do I apply?

Start an application on this website. Progress is saved from the first step. Admissions: admissions@iucairo.co.uk.

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