Islamic finance has experienced remarkable growth over the past ten years, mainly in the MENA region and in South West Asia. The continued growth of the Islamic financial industry, , demonstrates its positioning as a viable alternative to conventional financial intermediation both in professional and academic areas,even at the height of the financial crisis of 2007 . In addition to being the ideal way of access to banking and financial services, for almost a fifth of the world’s population, the Islamic finance has become global. In Morocco, and with the official promulgation of the new banking law, the adoption of a series of legislative and regulatory texts relating in particular to takaful insurance and securitization, the establishment and launch of several participating banks in early 2018 as well as the issue of sukuks by Bank Al Maghrib in late 2018; the development of such activities is a very promising sign and is also of strategic importance. Indeed, this will allow the national economy to diversify its sources of funding, especially as our country aims to position itself as a regional financial and economic hub through Casablanca Finance City. In addition, the launch of this section of finance will further broaden the saving mobilization and the financing of the economy, and will also be a decisive factor in favor of improving financial inclusion.
Goals
The Specialized Master “Participative Finance” accomodates to the growing interest in this area of economics and finance. This interest is reflected by the continuous development of the banking services and other participative products, both internationally and nationally. More particularly, it offers the opportunity to appreciate the originality of the Islamic approach in the economic field and finance in particular through the study of the paradigm, theoretical foundations and the practice underlying the Islamic financial industry.
The Master aims to provide participants with both theoretical and practical knowledge to enable them to access this rich and promising field.
Program
The program is structured around the following modules:
Module 1: Foundations of the conventional approach in the financial field
Module 2: Sharia Aspects in the Economic and Financial Field
Module 3: Governance and international environment of Islamic financial institutions
Module 4: Banking, Insurance, Financial Markets and Islamic Investment Funds
Module 5: Solidarity-based Islamic Finance
Module 6: Islamic Financial Engineering
Module 7: Conferences / Case studies
Specificities
The training cycle is spread over one year, including a certified study trip , and an internship in the main international Islamic financial institutions (Optional).
Career opportunities
The holders of this Specialized Master can apply for senior executive positions within banks, management companies, insurance companies, audit firms, rating agencies, in Morocco or abraod.
Educational Team
The seminars of this Master are led by a high-level, versatile team made up of academics as well as national and international experts in the participatory economics and finance field.
Eligibilty requirements
Young graduates of engineering or business schools or holders of a Masters in quantitative and / or economic disciplines.
Professionals aspiring to practice in the field of participatory economics and finance.
The motivation for this area of training is a determining factor.