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Accounting and Islamic Finance - BSc (Hons)

This course has recently been updated. Please download the course specification for the up to date information. Looking for a career in a rapidly growing sector? The BSc (Hons) Accounting and Islamic Finance degree, the first of its kind in the UK, will see you graduate with the skills the finance industry requires....

Studying with us in 2021/22

It is possible that the 2021/22 academic year may be affected by the ongoing disruption caused by the COVID-19 pandemic. Any arrangements put in place by the University for the 2021/22 academic year will be in accordance with the latest government public health advice, pandemic-related/health and safety legislation, and the terms and conditions of the student contract.

  • Level Undergraduate
  • Study mode Full Time/Part Time
  • Location City Centre
  • School Birmingham City Business School
  • Faculty Faculty of Business, Law and Social Sciences

Course overview

This course has recently been updated. Please download the course specification for the up to date information.

Looking for a career in a rapidly growing sector? The BSc (Hons) Accounting and Islamic Finance degree, the first of its kind in the UK, will see you graduate with the skills the finance industry requires.

The Islamic Finance industry is a fast-growing industry that has developed rapidly within a few years from a niche industry to a global force to be reckoned with in the international arena. Based on a number of moral and legal principles of Islam, the Islamic finance sector grows at 15%-25% per year, while Islamic financial institutions oversee over $2 trillion.

Islamic finance has emerged as an effective tool for financing development worldwide, including in non-Muslim countries. As a result of this rapid growth, individuals and financial organisations find themselves with limited knowledge of its unique and profound nature, leading to a significant skills shortage, which potentially offers graduates a range of global opportunities.

Our Accounting and Islamic Finance course will introduce and develop your knowledge in the various specialised areas, as well as giving you a solid foundation in traditional accounting, giving you the skills need to move into a wide variety of careers after graduation.

Through a variety of modules, including Islamic Economics, Principles of Islamic Finance, Islamic Finance for Non-Profit Organisations, and Islamic Banking and Capital Markets, you’ll learn about the ethos, principles and practices of Islamic Finance, which are not only ethical, sustainable and motivated to achieve socio-economic justice, but also link with the UN’s Sustainable Development Goals.

There will be opportunities to gain work experience in countries where Islamic Financial Services are being set up, or where they are established but in need of qualified staff. This will provide you with opportunities to gain industry experience, giving you the edge when it comes to competing in the graduate jobs market.

This course is open to International students.

What's covered in this course?

In the first year you will complete the suite of modules that all students on our Accounting courses study to lay the foundations of your knowledge. This will give you an understanding of the fundamentals of the accounting and business world. The Islamic Finance context will be introduced in the first year through events led by industry professionals that will enable you to build up an authentic and insightful picture of this dynamic field of practice.

In your second and third year you will then study more specific modules in the Islamic Finance field such as, Islamic Accounting, Islamic Economics and Islamic Fair Trade alongside advanced Accounting modules.

With our practice-based approach to teaching, you will learn from professionally qualified academics with a wealth of industry experience, and research active academics whose research underpins and informs our approach to teaching.

You will be actively supported and encouraged to undertake an additional professional placement year, providing the opportunity to improve your employability skills. Our students have worked for industry leading accountancy practices including PwC and EY, as well as for organisations such as the NHS, IBM and Vodafone.

The international focus of the course is within its very nature and is also derived through a variety of means including the study of international accounting standards, our diverse student body, the teaching team and the use of international teaching materials.

Moreover, students can choose to spend a full semester studying their modules overseas at a partner institution, as this course also offers the opportunity to study abroad at one of our international partner institutions.

Why Choose Us?

  • This is the UK’s first Islamic Finance undergraduate course
  • The course provides and immerses students in the true global nature of the industry through course content, assessments and visiting out in the field (practice)
  • Students will gain a professional outlook and real world experience by interacting with Islamic finance specialists in the various institutions including Islamic Charities
  • Students will be encouraged to participate in the various Islamic finance conferences within the UK to promote networking and research
  • Students will study in our state-of-the-art City Centre Campus in the UK’s second city
  • You will be able to work on exciting projects for real-life clients through our Business Advice Centre, giving you exposure to the challenges and issues faced by businesses as well as the chance to develop successful solutions. Opportunities are available with local, regional, national and even global businesses such as BMW.
  • The Centre also offers expert support for your own entrepreneurial ideas, so you can start planning your own start-up or take your existing business to the next level. Following graduation, you will have the opportunity to apply for STEAMhouse Business Incubator membership.
  • Students will be able to benefit from our Graduate+ initiative. This three-year award course enables students to gain award levels for all the extra-curricular activities students undertake so that they can stand out from the crowd on graduation

Entry Requirements

We accept a range of qualifications, the most popular of which are detailed below.

Essential Requirements

BBC or 112 UCAS tariff points from a maximum of 3 subjects.

Level 2 Qualifications
UK Qualification Requirements 2021/22
GCSE
  • GCSE English language and mathematics at grade C/4 or above
  • Equivalent level 2 qualifications can be accepted
  • Must have been achieved at the point of enrolment
Irish Leaving Certificate (Ordinary Level)
  • See level 3 entry under Irish Leaving Certificate for full details.
Scottish National 5
  • English language and mathematics at grade C or above
  • Must have been achieved at the point of enrolment
Plus one of the following Level 3 (and above) Qualifications
UK Qualification Requirements 2021/22
A level and Advanced VCE
  • BBC / 112 UCAS points
  • A maximum of 3 subjects are considered. These can be other A-levels or level 3 equivalents.
AAT Diploma in Accounting (QCF)
  • Pass or above
  • Achievement of the AAT Level 3 Diploma will be accepted as fully meeting the level 3 entry criteria
  • AAT Level 4 Diploma can be considered for advanced entry.
Access to HE Diploma
  • Pass with 60 credits overall. At least 45 credits at level 3
  • Pearson BTEC National Extended Diploma
    (2016 – present)
  • Pearson BTEC Extended Diploma (QCF)
    (2010 - 2016)
  • BTEC Level 3 National Diploma
    (2002 – 2010)
  • DMM
  • Pearson BTEC Level 3 National Diploma
    (2016 – present)
  • Pearson BTEC Diploma (QCF)
    (2010 – 2016)
  • BTEC Level 3 National Certificate
    (2002 – 2010)
  • 112 UCAS points
  • Considered with one A-level or an equivalent level 3 qualification
  • Pearson BTEC National Foundation Diploma (2016 to present)
  • Pearson BTEC 90-Credit Diploma (QCF) (2010 - 2016)
  • 112 UCAS points
  • Considered with one A-level or an equivalent level 3 qualification
  • Pearson BTEC Level 3 National Extended Certificate
    (2016 – present)
  • Pearson BTEC Subsidiary Diploma (QCF)
    (2010 - 2016)
  • BTEC Level 3 National Award
    (2002 - 2010)
  • 112 UCAS points
  • Considered with two A-levels or equivalent level 3 qualification(s)

IBO Certificate in Higher Level

  • Students who do not complete the IB Diploma will be considered on the basis of their IB Certificates if they obtain a total of 14 points or above from three Higher Level Subjects

  • Considered with other acceptable level 3 qualifications to meet 112 UCAS Tariff Points

  • For students who do not already hold a GCSE in Mathematics at Grade C/4 or above grade 5 in Maths (Standard Level) from the IB Diploma will be accepted

  • For students who do not already hold a GCSE in English Language at Grade C/4 or above Standard Level English Language (not literature) English A - Grade 4 or above or English B - Grade 5 from the IB will be accepted.

International Baccalaureate Diploma

  • Obtain a minimum of 28 points overall

  • For students who do not already hold a GCSE in Mathematics at Grade C/4 or above grade 5 in Maths (Standard Level) from the IB Diploma will be accepted

  • For students who do not already hold a GCSE in English Language at Grade C/4 or above Standard Level English Language (not literature) English A - Grade 4 or above or English B - Grade 5 from the IB will be accepted.

IFS / LIBF Diploma in Financial Studies

  • 112 UCAS points
  • Considered with two A-levels or equivalent level 3 qualification(s)

Irish Leaving Certificate (Highers)

  • Pass the Irish Leaving Certificate with a minimum of 112 tariff points, achieved in four Higher level subjects. This must include Maths and English Language taken at either Ordinary level (minimum grade O1-O4 (or A-C/A1-C3)) or Higher level (minimum grade H5/D1)

NCFE CACHE Level 3 Applied General Certificate in Health and Social Care

  • 112 UCAS points.
  • Can be considered along with A-levels or a combination of equivalent level 3 qualifications

OCR Cambridge Technical Extended Diploma

  • DMM

OCR Level 3 Cambridge Technical Extended Certificate
(2016 – present)

OCR Level 3 Cambridge Technical Introductory Diploma
(until 2016)

  • 112 UCAS points
  • Considered with two A-levels or equivalent level 3 qualification(s)

OCR Cambridge Technical Certificate

  • 112 UCAS points
  • Considered alongside other level three qualification

Scottish Advanced Higher

  • Achieve a minimum of 112 tariff points achieved in either three Advanced Highers or from a combination of two Advanced Highers plus two Highers.
  • Where three Advanced Highers have been taken achieve a minimum of grades CCD.
  • Where a combination of Highers and Advanced Highers have been taken you must achieve (grades of CD in two Advanced Highers plus grades of CC in two Highers).

Scottish Higher

  • Achieve a minimum of 112 tariff points achieved in either five Highers or from a combination of two Advanced Highers plus two Highers.
  • Where only Highers have been taken a minimum of grades BBCCC is required. Where a combination of Highers and Advanced Highers have been taken you must achieve grades of CD in two Advanced Highers plus grades of CC in two Highers.

T-Levels

  • 112 UCAS points (Merit overall)

Advanced Welsh Baccalaureate - Skills Challenge Certificate (first teaching September 2015)

  • 112 UCAS points
  • Considered with two A-levels or equivalent level 3 qualification(s)
Other Qualifications
If you have a qualification that is not listed in the table please refer to our full entry requirements on UCAS.

Further guidance on tariff points can be found on the UCAS website.
Additional information for EU/International students
Essential

Applications from international applicants with equivalent qualifications to 112 points are welcome. Please see your country page for further details on the equivalent qualifications we accept.

In additional to the academic entry requirements listed above, international and EU students will also require the qualifications detailed in this table.

English language requirements 2020/21
IELTS

6.0 overall with 5.5 minimum in all bands

If you do not meet the required IELTS score, you may be eligible for one of our pre-sessional English courses. Please note that you must have a Secure English Language Test (SELT) to study on the pre-sessional English course. More information.

Other accepted qualifications Visit our English language page

Fees & How to Apply

  • International students

Award: BSc (Hons)

Starting: Sep 2021

  • Mode
  • Duration
  • Fees
  • Study Year £9,250
  • Placement Year £1,650

Professional Placement Fees

Full-Time courses with a Professional Placement incur a fee during the placement year. The costs for those years when you attend the university for study, and the cost for the placement year are shown here.

  • Year 1 (80 credits) £6,400
  • Year 2 (80 credits) £6,400
  • Year 3 (80 credits) £6,400
  • Year 4 (80 credits) £6,400
  • Year 5 (40 credits) £3,200

Fees for Part-time students

This course can be studied on a Part-time study basis. The cost per year of study is based on credit requirements for that year as shown here.

Award: BSc (Hons)

Starting: Sep 2021

  • Mode
  • Duration
  • Fees
  • Full Time
  • 3 Years
  • £13,200 per year
  • Full Time
  • 4 Years with Professional Placement
  • Show fees
  • Study Year £13,200
  • Placement Year £13,200

Professional Placement Fees

Full-Time courses with a Professional Placement incur a fee during the placement year. The costs for those years when you attend the university for study, and the cost for the placement year are shown here.

If you're unable to use the online form for any reason, you can complete our PDF application form and equal opportunities PDF form instead.

£150 free credit (home/EU students only)

For 2021 entry, all new home/EU undergraduate students will receive £150 worth of free credit to spend in a host of ways, on books and a range of learning materials.

Access to computer equipment

You will require use of a laptop, and most students do prefer to have their own. However, you can borrow a laptop from the university or use one of our shared computer rooms.

Printing

You will receive £5 print credit in each year of your course, available after enrolment.

Field trips

All essential field trips and associated travel costs will be included in your course fees.

Access to Microsoft Office 365

Every student at the University can download a free copy of Microsoft Office 365 to use whilst at university and for 18 months after graduation.

Key software

You will be able to download SPSS and Nvivo to your home computer to support with your studies and research.

Key subscriptions

Subscriptions to key journals and websites and available through our library.

Free access to Rosetta Stone

All students can sign up to the online learning language platform for free through the Graduate+ scheme.

Excess printing (optional)

Once you have spent your £5 credit, additional printing on campus costs from 5p per sheet.

Project materials (optional)

This course includes project work that requires you to develop and produce a portfolio. This could be digital, but if you choose to create a physical portfolio, you will be expected to provide the materials; costs will vary depending on the materials selected.

Books (optional)

Some modules may suggest that you purchase a key textbook. All module key texts will be in the University library, but in limited numbers. Many students choose to purchase a copy.

Placement expenses (optional)

If you choose to undertake a placement, you'll need to budget for accommodation and any travel costs you may incur whilst living or working away from home.

Field trips (optional)

This course includes the option of additional trips that may enhance your experience.

Memberships (optional)

You may wish to join a union or professional body related to this course.

Accommodation and living costs

The cost of accommodation and other living costs are not included within your course fees. More information on the cost of accommodation can be found in our accommodation pages.

Guidance for UK students

UK students applying for most undergraduate degree courses in the UK will need to apply through UCAS.

The Universities and Colleges Admissions Service (UCAS) is a UK organisation responsible for managing applications to university and college.

Applying through UCAS

 Register with UCAS

 Login to UCAS

 Complete your details

 Select your course

 Write a personal statement

 Get a reference

 Pay your application fee

 Send UCAS your application

International students

There are three ways to apply:

1) Direct to the University

You will need to complete our International Application Form and Equal Opportunities Form, and submit them together with scan copies of your original academic transcripts and certificates.

2) Through a country representative

Our in-country representatives can help you make your application and apply for a visa. They can also offer advice on travel, living in the UK and studying abroad.

3) Through UCAS

If you are applying for an undergraduate degree or a Higher National Diploma (HND), you can apply through the UK’s Universities and Colleges Admissions Service (UCAS).

You can request a printed form from your school or nearest British Council office. You will be charged for applying through UCAS. Birmingham City University’s UCAS code is B25 BCITY.

Personal statement

UK / EU students are required to submit a personal statement as part of their application for this course.*

The personal statement gives you a crucial opportunity to say why you’re applying and why the institution should accept you.

Here are the key areas you’ll need to address:

Course choice

Why does this course appeal? What areas are of particular interest?

Career plans

If you have a specific career in mind, say how your chosen course will help you pursue this goal.

Work experience

Mention any work that is relevant to your subject, highlighting the skills and experience gained.

School or college experience

Highlight skills gained at school/college, eg summer schools or mentoring activities.

Non-accredited skills or achievement

eg Duke of Edinburgh Award, Young Enterprise scheme.

You should also mention your future plans – if you’re planning to take a year out, don't forget to give your reasons. Talk about any subjects you’re studying that don’t have a formal assessment and any sponsorships or placements you’ve applied for. And don't be scared to add in details about your social, sports or leisure interests.

Get more information on writing personal statements.

*Non-EU students are not required to submit a personal statement when applying for this course.

Fees for part time students

If you study this course part-time or via distance learning, you will be charged on a pro-rata basis. This means your fee will be calculated per module.

Course in Depth

Year One

In order to complete this course, you must successfully complete all the following CORE modules (totalling 120 credits).

Governance, Ethics and Law 20 credits

Professional Skills in Accounting 20 credits

Economics and Finance 20 credits

Introduction to Financial Accounting 20 credits

Introduction to Management Accounting 20 credits

Data Intelligence 20 credits

Year Two

In order to complete this course, you must successfully complete all the following CORE modules (totalling 120 credits).

Financial Reporting 20 credits

Management Accounting 20 credits

Principles of Islamic Finance 20 credits

International Accounting and Finance Issues 20 credits

Islamic Economics 20 credits

Accounting for Islamic Financial Institutions 20 credits

Final Year

In order to complete this course, you must successfully complete all the following CORE modules (totalling 80 credits).

Strategic Management Accounting 20 credits

Islamic Finance for Non- profit organisations 20 credits

Accounting for the Planet 20 credits

Islamic Banking and Capital Markets 20 credits

In order to complete this course a student must successfully complete at least 40 credits from the following indicative list of OPTIONAL modules.

Advanced Financial Reporting 20 credits

Islamic Fair Trade 20 credits

Fintech 20 credits

Empowering Future Leaders 20 credits

Business Research Methodology and Practice + Community Advice Project 40 credits

Business Research Methodology and Practice + Business Research Project 40 credits

All core modules are guaranteed to run. Optional modules will vary from year to year and the published list is indicative only.

The common practices of Islamic finance and banking came into existence along with the foundation of Islam.

However, the establishment of formal Islamic finance occurred only in the 20th century. Nowadays, the Islamic finance sector grows at 15%-25% per year, while Islamic financial institutions oversee over $2 trillion. Islamic finance has emerged as an effective tool for financing development worldwide, including in non-Muslim countries, and may prove to be an important contributor towards realising the SDGs. 

Employability

Industry Insight

Akmal Hanuk 100x150"The current Islamic Finance course offered by BCU is very timely for understanding the value propostion of Islamic Finance.

The key priniciples of Islamic Finance offer an equitable, fair and just economic system to address the many challenges facing our socities today.

The students of BCU will indeed benefit from the collaborative links between Assadaqaat Community Finance (ACF) and BCU through internships and career development opportunites in Islamic Finance sector.

The students of this course at BCU will also have the opportunity to support our local communities by delivering economic and social measurable impacts that are hallmark of our ACF financial model."

Akmal Hanuk, Founder & CEO of Assadaqaat Community Finance (ACF)

OpportUNIty

OpportUNIty Student Ambassador

OpportUNIty: Student Jobs on Campus ensures that our students are given a first opportunity to fill many part-time temporary positions within the University. This allows you to work while you study with us, fitting the job around your course commitments. By taking part in the scheme, you will gain valuable experiences and employability skills, enhancing your prospects in the job market.

It will also allow you to become more involved in University life by delivering, leading and supporting many aspects of the learning experience, from administration to research and mentoring roles.


Business Advice Centre

Business Advice Centre Students 700x350 - Student in a chair

The Business Advice Centre (BAC) is the Business School's hub that offers a range of support services to you throughout each stage of your student learning experience.

We have a range of support solutions for students as well as opportunities to enhance your employability and entrepreneurial qualities.

Whether you are considering starting your business, connecting with real companies or enhancing your graduate opportunities, the Business Advice Centre can help you.


International Students

Welcome to the Birmingham City Business School, home to students from over 70 countries all around the world!

Birmingham City Business School is one of the UK’s largest, most established and most respected business schools. Our programmes are practice based and many have an international focus, which means your course will be entirely relevant to today’s business world. Almost all of our courses, both at undergraduate and postgraduate level, are open to international students.

We also have links with universities across the world, including Europe, the USA, China, India and Malaysia.

International Services

Our international pages contain a wealth of information for international students who are considering applying to study here, including:

The University is conveniently placed, with Birmingham International Airport nearby and first-rate transport connections to London and the rest of the UK.

Facilities and Staff

Curzon facilities eatery
Curzon facilities staircase
Curzon facilities student hub

Our Facilities

We are constantly investing in our estate and are currently in the process of spending £340 million on new learning facilities.

The Curzon Building

This course is based at our City Centre Campus – and specifically The Curzon Building, alongside other Social Sciences, Law, Business and English students.

The £63m building offers students a unique social learning space, including a dedicated student hub incorporating student support services, in the heart of Birmingham’s Eastside development.

The Business floors house an extensive number of IT facilities, breakout areas, and specialised rooms. The Marketing Link Agency is designed to replicate a modern marketing firm, allowing students to get real-life experience of working in the marketing sector. There is also the City Trading Room, which features state of the art stock market tracking equipment, keeping you up to date with all the financial comings and goings of the London Stock Exchange and Wall Street.

The Curzon building is also conveniently close to Birmingham’s business and financial centre, allowing for strong links between your studies and the real world.

The Curzon Building also features:

  • An impressive new library with access to over 65 million full text items and stunning views of Eastside City Park
  • Your Students’ Union which is located in a beautifully restored 19th century pub, The Eagle and Ball
  • A modern 300-seat food court with space to study and socialise
  • Brand new, accessible IT facilities with full Office365 for all students for free
  • Shared facilities with the wider campus including the recently opened Parkside Building and Millennium Point

Our staff

Shaista Mukadam

Senior Lecturer

After completion of her Chartered Accountancy Professional Qualification from India, Shaista Mukadam worked and audited in many of the multi-national companies in India. She retrained as a lecturer, and now teaches on accounting modules at Birmingham City University.

Full Profile

More about Shaista