Palgrave Macmillan

This chapter proposes to study the geo-educational dynamic of the development of Islamic Finance Education. It measures the educational competitiveness of a country by measuring their ability to gain educational space outside of its geographical borders through leveraging on standardization and accreditation. It concludes by realising hoe international relations are important in gaining educational competitiveness and how new dimensions of competition are appearing for countries offering Islamic Finance education.

With five of the top 10 business schools offering programmes in Islamic Finance, the teaching of Islamic Finance has become a competitive advantage for finance programmes in the world. The impetus is not purely for business purposes alone but also because Islamic Finance offers fresh perspectives for research in Financial Economics. It concludes by mentioning how the top ten business schools are continuously improving their offerings of Islamic Finance courses and innovating their curricula.

This chapter is concerned with experience in teaching and research in Islamic Finance in two universities in which the writer has worked in; Henley Business School in University of Reading and School of Management, in University of Surrey. The writer concludes by emphasizing the need for academic staff in UK universities who have good theoretical and empirical knowledge of the field, in order to assist student researchers, especially in the case of Doctoral candidates who do not meet the criteria well and would require more than average supervision.

This chapter highlights the experience Islamic Finance (IF) Education in Newcastle University; the courses offered, the teaching and learning methods used and the importance of these courses in the interdisciplinary strategy. The University distinguishes itself from its other counterparts through having a clear legal and regulatory focus in relation to Islamic finance.

Founded in 1636, Harvard University is America’s oldest university and one of the most respected centres of higher education and research in the world. Harvard attracts an array of talented students and scholars. It houses the largest library collections of any academic institution in the world. Since the establishment of the Harvard Islamic Society in 1955, the University has continued to reemphasize its liberal attitude towards the study of

This book reviews the Islamic opposition to interest and assesses the feasibility of a non-interest financial system in light of current economic theory. The Islamic critique of interest is set against a discussion of the methodology of Islamic economics and the opposition to interest within the Judaeo-Christian tradition. The range of Islamic non-interest financial contracts is then detailed along with a review of the performance of Islamic banks to date: a model of the allocation of finance within a non-interest system is then presented.

This is the first of its kind in its topical coverage of the developments and prospects of Islamic finance education at Western higher education. Intended to establish itself as a unique reference for academics and researchers this book gives an insight into ethics and values in curricula development at business schools and in finance departments. © Editors