PhD in Islamic Banking and Finance

In an era where Islamic banking and finance is witnessing significant growth and acceptance globally, our PhD in Islamic banking and finance stands as an opportunity to delve deeper into this dynamic field. Our Islamic Finance PhD offers unparalleled flexibility, allowing individuals to balance their studies with professional and personal commitments. The PhD in Islamic finance and banking enables students to cultivate a deep understanding of the complexities of Islamic finance. They gain expertise that is sought after internationally, marking the beginning of a promising career in Islamic banking and finance. The research-based online PhD Islamic finance program is available part-time or full-time, and you may research across a wide range of areas in Islamic finance.

Reach the Milestone of Your Career

Islamic Finance PhD: At a Glance

Mode of Study Research-based and Self-paced learning.
Study Requirements Prepare your dissertation, which is supervised by AIMS’ PhD Faculty.
Average Duration of Completion 2 year.
Registration Validity 3 years.
PhD Self-Study Requirements 10-12 hours per week.
Credit Hours 12.
UK Qualification Equivalency Level-8.
Degree Awarded PhD in Islamic Banking and Finance.

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

Our Islamic finance PhD UK program offers self-paced learning, and it may be completed in 2 years. You are required to work 10-12 hours a week. Prospective students will need to do their research and find the right fit for their academic and career goals.

phd in Islamic banking and finance

Our Student Say!

“I gained a lot from studying Islamic finance at AIMS, and it greatly benefited both me and my company. Through my experience working with Islamic banks, I noticed that many senior officials tend to handle Islamic products, services, and situations in a conventional way. By specializing in Islamic finance at AIMS, I was able to provide valuable advice to my company’s management on how to operate in a Shariah-compliant manner by developing an analytical approach. My studies have truly made a difference for us”.

T. Chouhan, Mohammad.

Steps for Completion

  • Step-1: Admission Approval & Registration:

    Firstly, you must email us a scanned copy of your master’s degree and your resume. If your master’s degree major was not Islamic finance, you must also provide proof of a formal qualification in Islamic finance. If you do not have a formal qualification, the Certified Islamic Finance Expert (CIFE is the best Islamic finance certification course offered online) may fulfill the PhD in Islamic Finance prerequisite requirements. You may register and pay online if you meet the eligibility criteria. Admission processing time is 4-5 working days.

  • Step-2: Approval of PhD Dissertation Title:

    Prior to proposing your research topic for the phd thesis in Islamic banking and finance, make sure that your research area fits your career goals, style, and experience. You have the opportunity to achieve this by engaging in conversations with our program representatives. The PhD Committee will review it, and when approved, you may begin your dissertation.

  • Step-3: Writing the PhD Islamic Finance Thesis:

    Utilize your skills and potential to create a research proposal with assistance from our academic support team. During your studies, you will receive guidance from the faculty and support from the PhD Islamic Finance Committee. Emails and WhatsApp are among the means of communication that we offer.

  • Step-4: Evaluation and Doctorate Award:

    After completing the PhD thesis in Islamic banking and finance, it will undergo evaluation by the academic support team and the PhD committee. The defense can be conducted online or in person within the United Kingdom. Those who pass will be awarded a PhD in Islamic Banking and Finance.

Accreditation!

AIMS is a formally acknowledged institution accredited by CPD and registered with the UKRLP in the United Kingdom. The online Doctorate in Islamic Banking and Finance provided by AIMS complies with the directives specified by the Ofqual Regulated Qualifications Framework (RQF) for Level-8 Ph.D. Degree, as well as adhering to the Shariah Standards established by AAOIFI.

Strategic Goals

  • Contribute to the development and advancement of Islamic banking and finance both in theory and practice.

  • Produce Islamic banking and finance scholars, who are competent to work in a variety of areas in Islamic finance.

  • A research-based program that can help you secure a high position at top-tier organizations.

  • Achieve your career goals through a globally recognized and accredited research-based doctoral degree.

Prominent Features of Our PhD Islamic Finance

  • Internationally Accreditation & Recognition

    This online PhD in Islamic banking and finance has international accreditation, ensuring it meets high academic standards and is globally recognized. With this degree, graduates can confidently pursue their career aspirations anywhere in the world, knowing that their qualifications will be acknowledged and respected. The international accreditation emphasizes AIMS UK’s commitment to providing an educational experience of the highest quality, aligning with the best practices in the field of Islamic finance. Our PhD in Islamic Finance degree is highly esteemed among Islamic financial institutions around the globe. Its comprehensive and rigorous curriculum, ensures graduates are well-prepared to lead and innovate in the field of Islamic finance.

  • Ideal Candidates for PhD in Islamic Finance?

    PhD in Islamic Banking and Finance is an excellent choice for professionals, based on their career goals, and professional background.

    • Professionals in Islamic Finance who are already working in the Islamic finance sector who wish to deepen their understanding and contribute new knowledge to the field.
    • Academics and Educators who are interested in researching, teaching, or contributing to the academic literature on Islamic finance.
    • Banking and Finance Professionals from conventional banking and finance sectors aim to diversify their expertise or transition to Islamic finance.
    • Regulatory Authorities and Policy Makers, involved in regulatory affairs or policy-making related to Islamic finance could enhance their ability to develop effective and informed policies.
    • Research Scholars interested in exploring the intricacies and potential of Islamic finance could deepen their research capabilities and make significant contributions to the field.
    • Consultants working with financial institutions or individuals who want to provide advice on Islamic banking and finance.
  • Flexible and Globally Accessible Education

    The online PhD in Islamic banking and finance program offers a unique blend of flexibility and convenience, allowing you to complete your studies according to a timeline that suits your personal and professional commitments. This distance learning format eliminates the need for physical attendance, enabling you to study from anywhere in the world, at any time that is convenient for you. Throughout your Islamic Finance PhD journey, you can expect to receive consistent and comprehensive supervision to guide your research. Communication with supervisors is facilitated through a variety of means, including emails and video conferences, to ensure you receive the support and guidance you need to excel in your studies.

  • Career Opportunities and Salary Prospects

      • President of an Islamic Financial Institution makes high-level decisions, develops business strategies, and builds relationships with key stakeholders. Salary $360,000.
      • Head of the Islamic Bank oversees the bank’s operations, ensuring adherence to Islamic principles and maintaining a profitable banking structure. Salary $300,000.
      • Head of Shariah provides crucial guidance on all matters pertaining to Islamic law. Salary $240,000.
      • Finance Director/Chief Financial Officer is responsible for the financial health of an organization. Salary $210,000.
      • Academic Professor contributes to their fields by teaching students, conducting research, and publishing their findings. Salary $110,000.
      • Finance Consultant advise clients on financial planning, investments, insurance, pension plans, and other financial matters. Salary $185,000.
      • Policy Makers in financial regulatory authorities can influence the direction of Islamic finance through the creation of effective policies. Salary $150,000.
      • Corporate Lawyer ensures the legality of commercial transactions, advising corporations on their legal rights and duties. Salary $250,000.

Why is Getting a PhD in Islamic Finance Worth It?

Embarking on a PhD in Islamic Finance is undoubtedly a significant investment of time and energy, but the rewards are commensurate with the effort.

  • This doctorate in Islamic finance equips you with the tools and knowledge to shape the future of the industry.
  • It presents a unique opportunity to delve deep into research, question established norms, and challenge existing assumptions within the field.
  • The Islamic Finance PhD fosters an environment that encourages you to explore your passions and push the boundaries of the Islamic banking and finance industry.
  • The PhD in Islamic Finance carries with it substantial career benefits. It enhances your salary potential and opens up opportunities for leadership roles in top-tier organizations.
  • Whether you aim to work in multinational corporations, or government agencies, or even aspire to teach in world-class universities, the PhD in Islamic finance marks a significant milestone on your journey to these lofty goals.

Thus, far from being just a degree, the PhD in Islamic Banking and Finance is a catalyst that propels your career onto a path paved with opportunities for growth and influence.

What are the Scholarships and Research Preferences at AIMS?

At AIMS, we actively support a diverse student body, offering the chance for you to delve into research topics that resonate with your unique interests and passions. In addition to enhancing the quality of our education, AIMS also provides fee scholarships, considerably easing the financial strain typically associated with pursuing an advanced degree. Therefore, our Islamic finance PhD program stands as a compelling choice for those who weigh financial implications against their academic endeavors. As a result, our students can shift their focus toward their research, reducing the financial stress commonly linked with higher education.

How to Choose the Right Research Topic for Your PhD Islamic Finance?

It is a crucial decision that shapes the trajectory of your academic journey. Here are a few steps to guide you through this process:

1. IDENTIFY YOUR AREAS OF INTEREST

The first step is to recognize your areas of interest within the broad field of Islamic Finance. It could be Islamic Banking Practices, Islamic Investment, Takaful (Islamic Insurance), or Sukuk (Islamic Bonds). Your passion for the area of study will keep you motivated during the challenging times of your Islamic Finance PhD.

2. SCAN THE LITERATURE

Browse through existing literature in your chosen area of interest. Identify gaps in the research that you could potentially fill with your study. It’s important to ensure your research contributes to the overall body of knowledge in Islamic Finance.

3. FEASIBILITY OF THE STUDY

Consider the feasibility of your PhD Islamic Finance research topic. Do you have access to the resources, data, and methodology required to undertake the research? If not, you may need to refine your topic.

4. CONSULT WITH ADVISORS

Discuss your chosen topic with our advisors. They can provide valuable feedback and guide you toward a topic that is academically significant and practical for you to research.

5. ALIGN WITH CAREER GOALS

Lastly, consider how your chosen topic aligns with your future career goals. A PhD Islamic Finance research topic closely related to your career aspirations can open doors for opportunities in the future.

Remember, the journey towards a PhD in Islamic Finance is a marathon, not a sprint. Choosing the right topic can make this journey a rewarding one, leading to professional growth and meaningful contributions to the field of Islamic Finance.