Islamic Finance

Islamic Finance Professional Development CourseWhy study Islamic Finance?

Islamic finance is one of the fastest growing segments in the global finance industry, with a double-digit growth rate. Australia is aligning itself to be a hub for Islamic Finance in the region and the Australian finance industry has already started expanding its business in the same direction. 

La Trobe is the first Australian university to offer master programs (MIBF and MFA/MIBF joint degree) and a 3-in-1 online professional development program (IFPD, together with Ethica UAE, the world’s leading certifier of Islamic Finance online learning. Our program has won numerous teaching and innovations awards including three faculty awards, two university teaching citations and the 2010 the national ALTC (Australian Learning and Teaching Citation) award.

These degrees are primarily aimed at providing high quality training to cater for the growing need of the domestic global and industry. These cutting edge courses introduce participants to important building blocks of Islamic Finance and train students in the technical skills in demand by global Islamic capital markets and institutions. You will develop expertise in Islamic banking, insurance and capital markets, along with an understanding of Islamic commercial law.

Our teaching staff enjoy close relationships with the industry and frequently invite them to deliver specialised lectures which adds quality to our subjects and give students the opportunity to network and stay up to date.

Career opportunities

Graduates are prepared for career in the growing Islamic Finance industry with specialisation in Islamic banking in general, and Islamic insurance and Islamic capital markets in particular, along with expertise in relevant conventional finance fields. They are also exposed to serious research questions to prepare them for postgraduate research degrees. 

Courses

Local students

Islamic Finance courses
Offer yearCourse titleCampus(es)DurationSemester starts
2013 Master of Financial Analysis/Master of Islamic Banking and Finance Melbourne
2.5 years full-time or equivalent part-time Semester 1 and 2 (February and July)

Master of Financial Analysis/Master of Islamic Banking and Finance continued…

Course description
This course provides a pathway to the internationally-recognised Chartered Financial Analyst (CFA) charter and international professional recognition of the specialised field of Islamic finance. It aims to give students expertise in financial analysis while specialising in the expanding field of Islamic finance.
Prerequisite
A La Trobe University three-year bachelor degree or an approved equivalent undergraduate or postgraduate degree with an average in excess of 60% in the final year.

Fee type
Fees (Fee-Help available)
Fee amount
Indicative (2012): $19,110 per 120 credit points.
How to apply
Apply directly to the University. Applicants can download an application form from our postgraduate website. Please ensure you also provide all supplementary information required.
Professional recognition
Established in 1962, the CFA Charter sets the global standard for investment knowledge, standards and ethics. With four years' industry experience, graduates can obtain the CFA Charter by successfully completing examinations at three levels, set by CFA Institute.
Full course details
Course structures and subject information for the following cours(es):
Financial Analysis/ Islamic Banking and FinanceMelbourne
2013 Master of Islamic Banking and Finance Melbourne
1.5 years full-time or part-time equivalent. Semester 1 and 2 (February and July)

Master of Islamic Banking and Finance continued…

Course description
This is the first course in Australia dedicated to Islamic banking and finance. A cutting-edge program, it is built around a defined body of knowledge of proven relevance to the Islamic finance industry, aiming to train students in the technical skills in demand by global Islamic capital markets and institutions. The program seeks to meet the growing need for graduates with sound academic and industry knowledge in Islamic finance in the Middle East and South East Asia, and in particular, the Gulf Cooperation Countries (GCC), Indonesia and Malaysia.

Graduates should have expertise in Islamic banking, Islamic insurance and Islamic capital markets, and be well prepared to enter the growing Islamic finance sector in Australia.
Prerequisite
Australian Bachelor degree with C grade average in the final year, or equivalent.
Fee type
Fees (Fee-Help available)
Fee amount
Indicative (2012): $19,110 per 120 credit points.
How to apply
Apply directly to the University. Applicants can download an application form from our postgraduate website. Please ensure you also provide all supplementary information required.
Full course details
Course structures and subject information for the following cours(es):
Islamic Banking and Finance (Master)Melbourne

How to apply?

Methods of application vary from course to course. Please see the course entry above for details of how to apply for the course you are interested in.

Fees and scholarships

Postgraduate coursework programs are either:

  • Fee-paying (where you pay the full cost of the course). FEE-HELP is available.
  • CSP (Commonwealth Supported Place), subsidised by the Commonwealth Government where you pay a contribution towards course costs. HECS-HELP is available.

Students enrolled for certain postgraduate coursework programs may be eligible for student income support.

International students

Show mid year entryShow next year’s courses

Islamic Finance international courses
Offer yearCourse title (CRICOS)Campus(es)DurationSemester startsAnnual Tuition Fee (AUD)
2013 Master of Financial Analysis/Master of Islamic Banking and Finance (065935D) Melbourne
2.5 years Semester 1 and 2 (March and July) $23 380

Master of Financial Analysis/Master of Islamic Banking and Finance continued…

Year
2013
Course description
This course provides a pathway to the internationally-recognised Chartered Financial Analyst (CFA) charter and international professional recognition of the specialised field of Islamic finance. It aims to give students expertise in financial analysis while specialising in the expanding field of Islamic finance.
English Language Requirements
IELTS (Academic): minimum score of 6.5 with no individual band score less than 6.0.

TOEFL Paper-based Test: minimum score of 575 (minimum score of 5 in the Test of Written English).

TOEFL Internet-based Test: minimum score of 80 with minimum overall for SLR 18; W 22.

La Trobe Melbourne (ELICOS): completion of English for Further Studies Advanced Stage 5B Certificate at postgraduate (EFS5 (70 per cent) PG1) level. For more information please visit the La Trobe Melbourne website.

English as the language of instruction in tertiary studies may be accepted.
Please note: English as the language of instruction in previous study will not be accepted as a basis of admission (English)
for courses where the approved test score requirement is above an IELTS 6.5 with no band score lower than 6.0.

Pearson Test of English (Academic) (PTE): minimum score of 64 with no communicative skill score less than 59.

Cambridge Certificate of Advanced English (CAE): a grade of B or higher.

Cambridge Certificate of Proficiency in English (CPE): a grade of C or higher.

Or approved international equivalent.
Academic entry requirements
A La Trobe University three-year Bachelor's degree or approved equivalent undergraduate or postgraduate degree with a 60 per cent Grade average or more in the final year. Advanced standing for Foundation subjects is available to: students who sit a challenge exam and obtain more than 60 per cent; students who have passed CFA Level 1; students having completed relevant Master's-level subjects, or; students with at least two years of relevant professional experience.
Additional information
These courses are based on a defined body of knowledge of proven relevance to the finance industry. They are designed as a pathway to the Chartered Financial Analyst (CFA) charter - the designation of professional excellence within the global investment industry.

Lecturers and practitioners help students to develop the knowledge, skills and analytical thinking suitable for professional accreditation as a CFA charterholder and a career in investment, banking or finance.

The program also offers students the opportunity to achieve RG146 compliance, which allows them to offer financial advice to private individuals in Australia.
Professional recognition
The Master of Financial Analysis is a CFA Program Partner. The CFA charter is the most widely recognised prefessional accreditation in finance in the world. Established in 1962, the CFA charter sets the global standard for investment knowledge, standards and ethics. The CFA charter is obtained by successfully completing examinations at three levels set by the CFA Institute and having four years of work experience in the investment industry.

In addition, the Financial Services Institute of Australasia (FINSIA) and the Finance and Treasury Association (FTA) offer membership at the level of Senior Associate to accredited Masters' graduates who have three years of experience in the industry.
Full course details
Course structures and subject information for the following cours(es):
Financial Analysis/ Islamic Banking and FinanceMelbourne
2013 Master of Islamic Banking and Finance (065148J) Melbourne
18 months Semester 1 and 2 (March and July) $23 600

Master of Islamic Banking and Finance continued…

Year
2013
Course description
This is the first course in Australia dedicated to Islamic banking and finance. A cutting-edge program, it is built around a defined body of knowledge of proven relevance to the Islamic finance industry, aiming to train students in the technical skills in demand by global Islamic capital markets and institutions. The program seeks to meet the growing need for graduates with sound academic and industry knowledge in Islamic finance in the Middle East and South East Asia, and in particular, the Gulf Cooperation Countries (GCC), Indonesia and Malaysia.

Graduates should have expertise in Islamic banking, Islamic insurance and Islamic capital markets, and be well prepared to enter the growing Islamic finance sector in Australia.
English Language Requirements
IELTS (Academic): minimum score of 6.5 with no individual band score less than 6.0.

TOEFL Paper-based Test: minimum score of 575 (minimum score of 5 in the Test of Written English).

TOEFL Internet-based Test: minimum score of 80 with minimum overall for SLR 18; W 22.

La Trobe Melbourne (ELICOS): completion of English for Further Studies Advanced Stage 5B Certificate at postgraduate (EFS5 (70 per cent) PG1) level. For more information please visit the La Trobe Melbourne website.

English as the language of instruction in tertiary studies may be accepted.
Please note: English as the language of instruction in previous study will not be accepted as a basis of admission (English)
for courses where the approved test score requirement is above an IELTS 6.5 with no band score lower than 6.0.

Pearson Test of English (Academic) (PTE): minimum score of 64 with no communicative skill score less than 59.

Cambridge Certificate of Advanced English (CAE): a grade of B or higher.

Cambridge Certificate of Proficiency in English (CPE): a grade of C or higher.

Or approved international equivalent.
Academic entry requirements
An Australian Bachelor's degree with a C Grade average in final year, or approved international equivalent.
Additional information
All subjects are offered in five-day block release mode: normally between teaching period one and Australian winter teaching period (June to July) and over summer (December to February) so students should time their arrival accordingly.
Full course details
Course structures and subject information for the following cours(es):
Islamic Banking and Finance (Master)Melbourne

How to apply?

Enquire now about any course for international students or find out how to apply.

 

Fees and scholarships

Estimated fees for international students are indicated for each course above. Fees are indicative only and set at 120 credit points per course, unless otherwise stated, and may vary depending on the number of credit points in which students enrol. Some courses may vary in credit point load and fees will be adjusted accordingly.

There is also a range of scholarships available for international students to assist students.

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Your study experience 

About the academic staff

You'll get to meet a large number of academics during your course, from tutors through to lecturers. You can view all the staff from the Faculty of Business, Economics and Law or focus on staff in Islamic Finance.

Student and graduate profiles

Find out about the experiences of one of our Islamic Finance postgraduate students.

Fatma Almirgane

La Trobe's Master of Islamic Banking and Finance provides exposure to the big picture ideas and concepts

Ms Fatma Almirgane, Business, Economics and Law

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