MUSLIMCREED As the Islamic finance industry continues to grow and expand, there is an increasing demand for graduates with specialized knowledge in this field. Islamic finance programs are starting to emerge at universities all around the world, giving students like you a chance to make connections and learn valuable skills in the fast-growing industry of Islamic finance. There are many reasons why you should consider studying Islamic finance at university, including the five listed below.
1) The industry is growing
The Islamic finance industry is growing rapidly and with the number of Muslim-majority countries in the world, it’s expected to keep growing. Due to this growth, more universities are now offering courses and programs for those who want to enter the field. If you’re not sure what path you want to take, consider taking a course or program related to Islamic finance so that you have a head start on your career.
2) You can make a difference
The Islamic finance industry is one of the fastest growing industries in the world. The market for Sharia-compliant products is expected to grow from $2 trillion in 2012 to $8 trillion by 2020. That’s a lot of opportunity and growth!
For those looking to make a difference, an Islamic finance degree can be a great way to do so. There are fewer practitioners than there are lawyers, for example, and the need for qualified people who understand both financial markets and Islam is high. In the US, for instance, some estimates say that less than 1% of all bankers have any knowledge of Islamic finance. With such a large gap between supply and demand it will take years before there are enough qualified candidates available to fill open positions in this field.
If you want to make a difference with your career now while also feeling like you are making positive change in society then this could be a good option.
3) It’s interesting and varied
The first reason why you should consider an Islamic finance program at university is because it’s not just about money. It’s about ethics and morals, too. This means that the program will help to shape your character and guide you through life in a way that is different from other courses. The second reason why you should consider an Islamic finance program at university is because it has some really great personal benefits. For example, in addition to being able to apply what you learn practically while studying, you’ll also be able to make ethical decisions when it comes time for you to graduate. Finally, the third reason why you should consider an Islamic finance program at university is because they have jobs waiting for graduates who have completed the degree course.
4) You can learn about other cultures
Additionally, you will have the opportunity to learn about other cultures. There are over 200 million Muslims in the world, and many of them are seeking financial solutions that align with their beliefs. Studying Islamic finance will give you a deeper understanding of how different peoples and cultures approach finances. You can also develop skills that are relevant today: Muslim-Americans contribute $45 billion to the American economy every year and they have disposable income levels double those of average Americans.
5) There are good job prospects
It is projected that the global Islamic finance industry will be worth $3.7 trillion by 2020. This is just one of the reasons why you should consider pursuing a degree in Islamic finance from university. The Muslim world is growing rapidly and there are many countries looking for people to help manage their finances according to Sharia law. No matter what, it’s important to have knowledge about this type of finance because it affects the lives of 1.6 billion Muslims worldwide who follow Sharia law. One of the five most common misconceptions people have about Islam is that they believe Muslim investors can’t invest in things like stocks or mutual funds. In reality, they can invest as long as those investments are based on Islamic principles which excludes investments involving alcohol or pork-related products.
Maintaining your faith while making money
Furthermore, Islam prohibits any form of interest-based loans and activities such as gambling; however, this does not mean someone cannot make money without being involved with these types of activities!