REGENT BUSINESS SCHOOL / Programmes / Postgraduate Diploma in Islamic Finance and Banking

Postgraduate Diploma in Islamic Finance and Banking

The course is aimed at providing a deeper understanding of both Islamic Finance and Banking and is intended for graduates.
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1 year
SAQA - 101893
NQF Level 8
120 credits

Key features

  • Relevant to the economic context of the business environment.
  • Based on Industry trends and needs
  • Benchmarked against sound business & accounting principles
  • Flexible Programme Delivery options
  •  Easily accessible support
  • Builds a sustainable advantage

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About

The course discusses the concepts of Islamic Finance and prohibitions in terms of financial transactions and also the application of these concepts in the real world of finance. The prohibitions have broad implications in structuring contracts dealing with financial transactions including investments in line with the rules and processes laid down by the Shari’ah. Students will also develop analytical skills and discuss the causes of failures of financial regulation and policies.

The purpose of this programme is to equip students with the necessary knowledge, skills and abilities in order to further their understanding of Islamic Finance and Banking in all forms. It is aimed at providing deeper understanding of Islamic Banking and Finance and Conventional Banking. This programme will also assist practitioners in developing a much needed Islamic secondary financial market.

The Institute of Bankers in South Africa provides members with
professional designations, networking, educational, training and information opportunities.

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Outcomes

Upon successful completion of the programme, the student should be able to:

  • Communicate clearly with clients and manage stakeholder
    relationships in an ethical and professional manner.
  • Demonstrate the ability to critically analyse the fundamentals of
    Islamic finance and banking.
  • Critically evaluate the existing Islamic finance and banking products
    and services vis a vis conventional banking.
  • Analyse and evaluate the social responsibility features of the
    interest-free banking system.
  • Differentiate between interest-free Capital Markets, Islamic Venture
    Capital and Islamic financial instruments.
  • Apply the techniques, methodologies and theories pertaining to
    Islamic product development issues.
  •  Assess the importance of corporate governance, regulation and
    supervision in the field of Islamic Finance and Banking.
  • Demonstrate a comprehensive and systematic knowledge base of
    Islamic Finance and Banking.

Programme structure

Duration: 1 year

Semester 1

  • Introduction to Islamic Economics and
    Finance
  • Islamic Commercial Law and Contracts
  • Evolution of Interest Based Banking

Semester 2

  • Islamic Venture Capital and Financial Markets
  • Corporate Governance, Regulations and Supervision in Islamic Banks
  • Research Project
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Admission requirements

A Bachelors Degree or Advanced Diploma or equivalent qualification; Two years of work experience

Frequently Asked Questions (FAQ) About Islamic Finance

The Diploma of Islamic Finance is a specialized qualification that provides foundational and advanced knowledge of the principles, practices, and ethics of Islamic finance. It equips professionals with skills to work within the framework of Sharia-compliant financial services and products. This diploma is ideal for individuals looking to pursue careers in Islamic banking, investments, and financial advisory services.

Islamic finance operates on Sharia principles, which prohibit earning money from interest (riba). Instead, it generates profits through ethical investments and trade-based models like Murabaha (cost-plus financing), Mudarabah (profit-sharing partnerships), and Ijara (leasing agreements). These methods focus on risk-sharing and real economic activity, fostering fairness and social responsibility in financial transactions.

With its emphasis on ethical and socially responsible investing, Islamic finance is increasingly seen as a sustainable alternative to conventional financial systems. Its steady growth in regions like the Middle East, Southeast Asia, and even non-Muslim majority countries indicates its potential as a global financial solution. The sector’s resilience during economic downturns and its appeal to both Muslim and non-Muslim clients reinforce its status as a future-focused financial model.

The demand for Islamic finance has grown significantly over the years, driven by an expanding Muslim population and the global appeal of its ethical investment principles. Countries like Malaysia, Saudi Arabia, and the United Arab Emirates have established themselves as hubs for Islamic banking. Additionally, non-Muslim-majority countries are also exploring this financial system to cater to diverse markets and meet the demand for sustainable financial solutions.

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