These Islamic Finance courses teach banking concepts, models and activities that comply with syariah (Islamic) laws and its practical applications through the development of Islamic economics. These courses teach some of the modes of Islamic banking/finance, including Mudarabah (profit-sharing and loss-bearing), Wadiah (safekeeping), Musharaka (joint venture), Murabahah (cost-plus), and Ijara (leasing).

Islamic Financial Planner (IFP) is designed especially for professionals and personnel serving the retail segment of the Islamic financial products and growing demands of discerning Muslim retail clientele call for higher standards of competency and ethical practice of financial planning professionals.

Learning Outcomes

Upon completion of this advanced level, participants would attain a complete knowledge and have standard proficiency as an Islamic Finance professional. Their professionalism can be measured through their ability to:

  • Illustrate the Shariah principles and its applications that related to Islamic financial planning
  • Relate the financial planning industry and its regulatory structure
  • Realize the steps and requirement in Islamic financial planning process
  • Construct and strategize a holistic Islamic financial plan
  • Formulate and execute implementation and review process of the plan as an ongoing advisory service

Modules

  • IFP4011: Shariah and Major Components of Islamic Financial Planning
  • IFP4021: Islamic Risk Management, Estate and Waqf Planning
  • IFP4031: Islamic Investment, Retirement, Zakat and Tax Planning
  • IFP5041: Islamic Financial Plan Construction & Professional Responsibilities

Pre-requisites: Bachelor's Degree in any field

Course Duration in Hours: 12
Skill Level: Intermediate

This programme is the advancement in terms of knowledge and competency. Certified Qualification in Islamic Finance (CQIF) – Banking challenges individual’s knowledge, work experience and capabilities through specially designed modules namely Professionalism, Ethics within the compliance framework, Audit Application in Islamic Banking and Risk Management in Islamic Banking Operation.

Learning Outcomes
Upon completion of this advanced level, participants would attain a complete knowledge and have standard proficiency as an Islamic Finance professional. Their professionalism can be measured through their ability to:

  • Lead and provide guidance to other team members and subordinates
  • Strategize on current business or market expansion
  • Be more creative in innovating products and processes
  • Competently manage issues related to Islamic Finance

Modules

  • M1: Professionalism, Ethic Within the Compliance Framework
  • M2: Audit Application in Islamic Banking
  • M3: Risk Management in Islamic Banking Operation
Pre-requisites: The Intermediate Qualification in Islamic Finance (IQIF) certificate holder in Banking or equivalent is a prerequisite for a candidate sitting for the CQIF assessment.

Method of Examination:
Part A: Fifty (50) Multiple Choice Questions/ Short Structured Questions
Part B: 2 essay questions
2-hour examination
Passing mark: 60%

Course Duration in Hours: 20
Skill Level: Advanced