Distance Learning (1 year)
The key feature, or principle, that distinguishes Islamic banks from any other kind of banks is the rejection of interest-based financial transactions. For many, this system is superior to convential banking on several counts, chiefly, because it leads to more prudent lending, by encouraging financiers to invest directly in an entrepreneur’s ventures.
Today, there are more than 200 Islamic financial institutions spread across the Middle East and beyond. They include banks, mutual funds, mortgage companies, and insurance companies. The dramatic growth of Islamic finance over the last two decades is one of the more striking phenomena in international banking. This program will be of enormous benefit to anyone wishing to associate themselves with this dynamic discipline.
All Distance-Learning MBA programmes are made up of THREE compulsory modules PLUS a compulsory thesis assignment. On top of these, students are required to study and successfully complete from FOUR TO SEVEN electives, allocated to the student by us based on your existing academic credentials.
1. ORGANISATIONAL BEHAVIOUR
2. BUSINESS POLICY & STRATEGY
3. RESEARCH METHODS
Other subjects (from which you will be assigned between 4 and 7) include:
1. PRINCIPLES OF ISLAMIC BANKING & FINANCE
2. SHARI'AH LAW AND ISLAMIC JURISPRUDENCE
3. ISLAMIC COMMERCIAL LAW
4. ISLAMIC FINANCIAL PRODUCTS
5. COMPARISON OF CONVENTIONAL BANKING WITH ISLAMIC BANKING
6. ISSUES AND CHALLENGES OF ISLAMIC BANKING TODAY
7. EXECUTIVE SKILLS
THESIS - A PREREQUISITE FOR ALL MBA PROGRAMMES
The 10.000-word thesis is a major part of the MBA and a student not submitting an up-to-standard thesis will not be awarded the MBA. The thesis must be submitted by the completion of the MBA programme and the Research must be based on the specialisation of the particular MBA Programme. You are, however, encouraged to begin thinking about the area of concentration long before the completion of the programme. The Thesis must be on a topic agreed with the student’s Tutor and should have a research bias.
A thesis proposal must be submitted to the Tutor long before the end of the taught programme on a special form provided by the Institute. Rules and Regulations for the preparation of the thesis are also provided to the student by the Institute.
The basic idea behind the thesis exercise is for students to identify an issue or problem relevant to the MBA programme meriting investigation. The research should involve collection and analysis of original data or analysis of existing data in an original way and should make a contribution to the specific area investigated.
If, on submission, the thesis is not of an acceptable standard, then the student will need to re-submit their thesis within two months and pay an extra 100 Euro resubmission fee. This is the last chance they will have; if the thesis is found unsatisfactory again, then they will not be awarded the MBA. In such case, students must register again, pay a registration fee and prepare a new thesis on a fresh subject, once again agreed between the student and his/her Tutor.
Why have an MBA?
The CIM (BVI) Distance-Education MBA degree is action-oriented and is designed to accelerate the managerial and leadership development process of candidates. Gaining an MBA from CIM (BVI) will make you a great deal more competitive in the market place, as your knowledge of management skills and operating techniques will be significantly improved. Management in both the private and public sectors requires the highest level of relevant training, as well as vision, analytical skills and the ability to implement far-reaching decisions; our MBA programme stimulates students to look beyond narrow boundaries and horizons, preparing them for higher-level career-planning.
Our home study MBA is designed for practising managers with previous relevant education, training and work experience who are required to make a major contribution to the policy of their organisations. The specific focus of the programme is on enabling managers to operate at a strategic level and manage their organisations effectively in the complex and uncertain business environment of today. Close links have been established with industry, commerce and the public sector, all of whom have contributed to the development and design of the programme.
- Enable students to gain a broad understanding of the Managerial techniques regarding decision-making;
- Provide a global view of organisations and their environment so as to enable students to face the challenges of the 21st Century;
- Underline the importance and significance of the increased managerial effectiveness and competence, and understand the various strategic approaches;
- Enrich students’ development and managerial prospects by encouraging learning through their own past experience and their current and future needs and the needs of their market and society.
At the end of the programme students will be able to:
- Comprehend and appreciate the concepts and theories of Management and see to what extent these theories are applicable in the real and changing world;
- Understand and evaluate the objectives and importance of formulating strategies in a local and global context;
- Be able to diagnose and analyse intricate situations and deal with unforeseen exogenous factors affecting the internal environment of their organisation;
- Deal effectively with the human deficiencies and be able to tackle human friction and lead their teams through tough decisions and times;
- Face the challenges of career requirements more confidently and increase their advancement prospects for acquiring a senior managerial position.
Entry requirements are flexible and are based on a candidate’s proven academic ability, motivation, experience as a manager or business executive and an assessment of the benefits that he or she is likely to derive from the MBA programme. The usual minimum academic qualifications required are
(a) a first Degree in any discipline from this Institute
(b) a second class Honours Degree from a British or US accredited University
(c) any other approved and recognised English speaking University
(d) a professional qualification in a subject such as Accounting, Marketing, Insurance, Shipping etc., from a UK Chartered Examining Body.
The decision of the Board regarding admissions will be final. No reason for acceptance or rejection will be given to candidates or to anyone else. The Institute reserves the right to vary its admission criteria from time to time. The Academic Registrar is responsible for the interpretation of the admission criteria and may impose other conditions to be satisfied before admission.
Commencement of Course
Students may apply for admission and start their studies anytime in the year.
Minimum period: 12 months
Maximum period: 36 months
Exams are held at approved Overseas Centres EVERY JUNE and JANUARY. Students are NOT allowed to sit for the exams before the lapse of 6 months from the date of registration into the programme. Students wishing to enter for the examinations MUST complete an examination entry form (EEF79) and send it to the Institute at least by 30th November for the January Examination session and 30th April for the June Examination session.
**Please note that the Institute reserves the right to change the fees, syllabus and regulations at any time. Students re-sitting or re-taking a course or changing their centre of study assume full risk of such changes and of any additional fees applicable at the time.