A recent article published in the Wall Street Journal highlights the growing interest in Islamic Finance. The sector is now seen as a thriving industry, with many keen to study the specialised area. Business schools are now tailoring their courses to reflect these needs and structuring degrees to train students in investments that comply with Quranic Law.

In 2007 the ICMA Centre, already aware of this growing trend, launched the UK's first collaborative MSc in Investment Banking and Islamic Finance , to be taught jointly with INCEIF (International Centre for Education in Islamic Finance) in Kuala Lumpur.

The MSc is the first in the UK to use Islamic material taught by Islamic specialists and aims to capture the increasing demand for the subject with an academic base and practical views on issues such as Islamic finance, economics and law. Students are taught by leading Islamic Finance specialists and this year the Centre has enrolled ten students on its MSc course.