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MSc Investment Banking and Islamic Finance

ICMA Centre, Henley Business School, University of Reading, Whiteknights, Reading, RG6 6BA, England

+44 (0) 118 378 8239

+44 (0) 118 931 4741

E-mail address

Type of course
Distance learning

Length of course
24 months

Class size
30 students

Date of commencement
September / October

Admissions requirements
2:1 Honours degree from a UK university or the overseas equivalent. All disciplines considered. Some evidence of numerical ability required.
• Applicants whose first language is not English will normally be expected to take, or have taken, either: 1. IELTS (British Council International English Language Test) - average score of 6.5 (with no significant weakness in any component of the test) or 2. TOEFL (Test of English as a Foreign Language) Overall score of 88 for the internet based test, with no less than 22 in Reading, 21 in Listening, 23 in Speaking and 21 in Writing.
• GMAT - around 600. For the full-time programme GMAT is not mandatory. For the flexible and distance learning programmes, those who graduated more than five years ago are strongly advised to provide a score.

ICMA Centre
Henley Business School, University of Reading

MSc Investment Banking and Islamic Finance

MSc Investment Banking and Islamic Finance

This degree is a first in the UK and aims to respond to the growing interest in Islamic Finance, which is evidenced by a continuous increase in Islamic Banking services, Islamic Investment and other financial services based on Islamic principles. The degree is taught jointly with INCEIF (International Centre for Education in Islamic Finance), Kuala Lumpur.

IBIF graduates benefit from a thorough understanding of Western banking practices allied to the principles of Islamic Finance. There is a growing demand from financial institutions worldwide for specialist professionals trained in the techniques of Islamic Finance.

We expect our graduates will pursue rewarding careers with investment banks in a diverse range of fields, including corporate and project finance, specialist structured products and derivatives, trade finance, sales and trading.

About the University

The University of Reading has been teaching banking and finance for over 30 years and the ICMA Centre, founded in 1991 through a grant from the International Capital Market Association, has built on that reputation. The Centre occupies a striking, purpose-designed building, constructed with a £9 million donation from ICMA based in Zurich.

The Centre is now one of the larger specialist university finance departments in Europe. It is principally a postgraduate school with around 350 Masters students taking the MSc programmes and around 50 undergraduates in each of three years.

The Centre’s research is focused mainly on applied problems of relevance to the finance industry – current research topics include: market regulation, pensions, volatility analysis, quantitative finance, derivative pricing, credit risk, and fixed income valuation.

With over 15,000 students, Reading is one of the UK's largest traditional universities providing excellence in teaching and research. The ICMA Centre, is now part of the triple accredited Henley Business School, making it part of the largest and most prestigious business schools in Europe.

The ICMA Centre’s dealing rooms have always been an integral part of our teaching and learning style making our technology and facilities comparable with those used on Wall Street and in The City of London.

Our links with financial markets and employers together with our specialised careers advisors, facilitate contacts with many prospective industry employers, and guide individuals through the choice of career path and the job applications process. Over the last five years, more than half of our students obtained jobs in the areas of Trading and Asset Management, Risk Management and Quantitative Finance, with others making careers in Corporate Finance, Research Analysis and Banking Operations Management.

The Centre is on the main university campus which is based on a beautifully landscaped 300 acre site on the outskirts of Reading. The town of Reading is 25 minutes by train from Central London and within easy reach of Oxford, Henley, Ascot and Windsor.