The Islamic Finance Diploma

The curriculum

Across eight integrated themes, the Diploma moves from timeless principles to contemporary practice, building depth, clarity and impact along the way.

Two years, six terms

The journey

Year 1

  1. Term 1Jan–Apr 2027
  2. Term 2May–Jul 2027
  3. Summer break
  4. Term 3Sept–Nov 2027
  5. December break

Year 2

  1. Term 4Jan–Apr 2028
  2. Term 5May–Jul 2028
  3. Summer break
  4. Term 6Sept–Nov 2028
  5. Diploma graduation

On completionDiploma in Islamic Finance, signed by IFA’s Panel of Scholars

What you’ll study

Eight cores

Core One

Foundations of Islamic Finance

Begin with the intellectual and ethical roots of financial activity in Islam. Explore how revelation, reason, and justice shape the principles that govern wealth and exchange.

  • Qur’ān & Sunnah in finance
  • Maqāsid al-Sharī’ah
  • Nature of wealth & money
  • Justice & equity

Core Two

Contracts & Transactions

Study the classical structures that form the heart of Islamic commercial law, and understand how they guide modern financial dealings.

  • Exchange & partnership contracts
  • Risk, profit, and loss
  • Ownership & consent
  • Validity & enforceability

Core Three

Capital Markets & Institutions

Examine how Islamic finance operates across systems and sectors, from banking and insurance to capital markets, investments, and regulatory governance.

  • Sukuk & funds
  • Investment instruments
  • Product structuring
  • Takaful
  • Islamic banking models
  • Regulation & Sharī’ah governance
  • Market oversight

Core Four

Contemporary Issues & Innovation

Engage with the forces reshaping the financial landscape and the questions they raise for Islamic thought and practice.

  • Fintech & digital finance
  • Crypto & CBDCs
  • ESG & sustainability
  • Public finance & taxation
  • Islamic finance in minority contexts
  • Investment screening and ethics

Core Five

Ethics & Law in Modern Society

Explore how Islamic legal and ethical frameworks shape social and economic behaviour. Understand the moral foundations that link financial justice to broader societal well-being.

  • Fiqh of transactions
  • Legal responsibility
  • Social justice
  • Moral accountability
  • Ethical governance

Core Six

Applied Practice & Social Economy

Connect finance to lived realities, from households to communities, and explore how Islamic financial principles guide real-world responsibility and impact.

  • Family finance
  • Wills & inheritance
  • Zakāh & wealth distribution
  • Social finance
  • Ethical leadership

Core Seven

The Future of Islamic Finance

Explore the next frontiers of Islamic finance across markets, policy, and thought. Identify global trends and the roles Muslim professionals will play in shaping ethical financial systems.

  • Global trends
  • Policy & governance
  • Capitalism & alternatives
  • Thought leadership
  • Vision for reform

Core Eight

Principles & Practice

Bring your learning together in a final applied or research project that unites scholarship, analysis, and creativity. Demonstrate the insight and integrity expected of a future custodian of Islamic finance.

  • Capstone project

A typical term

Ten weeks, then revision and the exam

  1. Week 1LessonBriefing
  2. Week 2Lesson
  3. Week 3LessonQ&A
  4. Week 4Lesson
  5. Week 5LessonQ&A
  6. Week 6Lesson
  7. Week 7LessonQ&A
  8. Week 8Lesson
  9. Week 9LessonQ&A
  10. Week 10Seminar day
  11. Week 11Revision
  12. Week 12Exam

Recorded lesson, Thursday 7pm, 2 hoursLive session, Tuesday 7pm, 1 hour

Thursdays, 7pm

A new 2-hour lesson every week, recorded so you can watch it when it suits you.

Every other Tuesday

A live session with the instructors at 7pm (UK time): the term’s briefing, then Q&A.

Once a term

A seminar day in London or a major UK city, live-streamed for students abroad.

1–2 hours a week

Recommended independent study alongside the lessons.

Assessed each term

How you’re assessed

60%Weekly assessments
40%End-of-term exam

The eighth core ends the two years with a capstone project.

Built-in breaks

  • Ramadan
  • The first two weeks of Dhul Hijjah
  • December
  • Summer

Taught in English

Arabic helps but is never a barrier. Every Arabic term is translated and explained.

January 2027 intake

Register your interest

It takes 30 seconds, and your prospectus opens straight away.

REGISTER YOUR INTEREST

Enrolment closes on Friday 8 January 2027.