Key information
- Duration: Full-time, 36 months
- Start dates: September 2026, January 2027, May 2027
- Application deadline: Not specified
- Language: English
- Delivered: On Campus
- Campus Location: Dundee, United Kingdom
- Disciplines: Finance, Islamic Studies
You can apply for a PhD or other postgraduate research degree using our Direct Application System. We have three start dates per academic year.
Overview
The University of Dundee aims to undertake world-class research in Islamic political and moral economy, finance and banking. All research projects will be inspired both theoretically and methodologically by humanities and social sciences subject areas, including political and moral economy, economics, development, philanthropy, and Islamic commercial law.
Areas of research
- While research in Islamic Finance has expanded quickly, general research in Islamic economics, which began in the 1970s and 1980s, has grown more slowly.
- The areas of research that we focus on include all broad areas of Islamic economics and finance (for example, Islamic political/moral economy, Islamic banking and finance, Islamic insurance, Islamic capital markets, Islamic commercial law) by developing the theoretical, empirical and law-oriented studies in these areas.
Visit the programme website for more information
Programme Structure
Research areas include:
- Islamic economics
- formation of Islamic political economy
- formulating Islamic moral economy
- the theory of maqāsid al Shari’ahand its implications for Islamic economic theory
- the development of Shariah based products
- Islamic banking and finance and sustainable development
- Islamic moral economy and the performance of Islamic banking and finance
- Islamic capital markets (sukuk markets)
Admission requirements
Academic requirements
GPA: Upper Second Class
English requirements
TOEFL iBT: 87
IELTS: 6.5
Other requirements
General requirements
Entry requirements:
- You should have an honours degree at 2.1 or above, and/or a Masters degree in a relevant discipline.
Once you have chosen a topic, you will need to contact the project supervisor before you submit your application.
- Email the supervisor you would like to work with
- Send a copy of your CV with qualifications and research experience
- Discuss your potential application and any practicalities (e.g. suitable start date).
Fees and funding
Tuition Fees
Tuition fees are shown in AUD and the most likely applicable fee is shown based on your nationality.
- International: 5,025 AUD / year (≈ 2,660 GBP / year)
- Domestic: 9,896 AUD / year (≈ 5,238 GBP / year)
Living costs
Dundee, United Kingdom: 1,487-2,823 AUD / month
The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.
Funding
Scholarships
Below you will find PhD's scholarship opportunities for Islamic Finance.
- Chevening Scholarship — University of Dundee — Various benefits — Deadline 06 Oct 2026
- GREAT Ghana Scholarship — University of Dundee — 10,000 GBP — Deadline Not specified
- GREAT Kenya Scholarship — University of Dundee — 10,000 GBP — Deadline Not specified
- GREAT India Scholarship — University of Dundee — 10,000 GBP — Deadline Not specified
- Fulbright U.S. Student Program — U.S. government — Various benefits — Deadline 07 Oct 2026
- ServiceScape Scholarship — ServiceScape — 1,000 USD — Deadline 30 Nov 2026
- ACES Scholarships — ACES Education Fund — 3,500 USD — Deadline 15 Nov 2026
- Erasmus+ - Grants for study mobility — OeAD, Austria's Agency for Education and Internationalisation — Various benefits — Deadline Not specified
- Scholarships for PhD Students — Junhua Li — 19,000 GBP — Deadline Not specified
- Boustany Astronomy PhD Scholarship — Boustany Foundation — Various benefits — Deadline 28 Feb 2027
- $1,500 Annual Video Contest Scholarship — IvyPanda — 1,000 USD — Deadline 31 Oct 2026
- Voice Talent Online Scholarship — Voice Talent Online — 1,000 USD — Deadline 01 Mar 2027
- The PhD Prep Fellowship — Admit Lab — 10,000 USD — Deadline 01 Sep 2026
- Dream Chaser Scholarship — Salvado Law — 1,000 USD — Deadline 13 Jan 2027
- Scholarship for students with disabilities — Anonymous Hope Fund — 3,000 USD — Deadline 31 Dec 2026
- Commonwealth Shared Scholarship – University Bids — UK Foreign, Commonwealth and Development Office (FCDO) — 22,500 GBP — Deadline Not specified
- CIAPS Commonwealth Scholarships for Postgraduate Professional Studies — CIAPS — 1,000 USD — Deadline Not specified
- Grants of the Leopold Figl Foundation for students with residence in Lower Austria — Leopold Figl Foundation — Various benefits — Deadline 31 Dec 2026
- The Annual IELTS from 6 to 9 Scholarship — IELTS from 6 to 9 — 1,500 USD — Deadline Not specified
- Tobacco Harm Reduction Scholarship Programme — The Tobacco Harm Reduction Scholarship Programme — 12,000 USD — Deadline 11 Jan 2027