Certified Islamic Finance Expert (CIFE)

Islamic finance is the fastest-expanding industry, with a growth rate above 20%. The Islamic finance market requires 80,000 qualified experts to fulfill these demands. Considering the necessary professional skills employers seek today, AIMS’s highly qualified and experienced faculty designed the Certified Islamic Finance Expert (CIFE), which balances theoretical studies and practical experience well. CIFE is the best Islamic finance certification that is internationally accredited, recognized, career-focused, aligns with AAOIFI standards, and offered 100% online by AIMS since 2008. This Islamic finance qualification comprises five comprehensive Islamic banking and finance courses delivered through an interactive and self-paced online learning system.

Islamic finance qualification

Program Objectives !

  • Earn an internationally accredited and recognized qualification powered by the curriculum that employers demand.

  • Gain full expertise in Shariah-compliant financial systems to perform key roles in Islamic Financial Institutions.

  • Develop skills in the latest Islamic finance trends and position yourself as an Islamic finance expert.

  • Acquire a deep understanding of Islamic finance products and AAOIFI Shariah and Accounting standards.

  • Schedule online studies at your own pace while fulfilling work and family commitments.

  • Learn to integrate theoretical knowledge with practice, and secure higher positions in the Islamic finance industry.

Level-5: Islamic Finance Certification

AIMS is based in the United Kingdom and accredited internationally. CIFE certificate complies with AAOIFI Shariah Standards, and the 15 credit hours earned during the Islamic finance certification may be transferred toward Postgraduate Diploma and MBA Islamic Finance programs. It also fulfills the prerequisites for the PhD degree.

aims ukrlp registration

Registered in UK with UKRLP

aims qahe accreditation

Globally Accredited by QAHE

aims cpd uk accreditation

CPD Accredited in the UK

A rated highed education

Rated “A” for Academic Excellence

CIFE Certification – A Quick Review

Study Mode:Online and Self-paced learning.
Estimated Duration:2-3 months.
Study Resources:Interactive online lectures.
Five comprehensive study manuals.
24/7 Academic support by Islamic finance scholars.
Islamic Finance e-Library.
Ten Online Assignments.
Number of Courses:Five (5) specialized courses.
Study Requirements:10 to 12 hours of study in a week.
Certifications Awarded:Certified Islamic Finance Expert (CIFE) on completion and,
Certified Islamic Banker (CIB) on equivalency.

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How to Become Certified Islamic Finance Expert (CIFE)?

The CIFE Islamic finance qualification is delivered through an interactive learning system that may be scheduled around work and family responsibilities. CIFE academic resources include online interactive lectures, comprehensive study manuals, an Islamic finance library, two online assignments for each course, and Islamic finance faculty support throughout the studies.

  • Visit our website and fill out the online enrollment form.
  • Receive personalized log in details and access to exclusive study materials within 48 hours.

Study at your own pace through AIMS’s flexible and self-scheduled learning system anytime, anywhere.

  • Access the online interactive lectures, study manuals, online library, and assignments designed by leading Islamic finance scholars and practitioners.
  • Get continuous support from AIMS’ Islamic finance faculty.
  • Complete two online assignments per course at your convenience.
  • Schedule your CIFE examination on the date and time that is convenient for you.

  • Appear in the online examination from home or office, which is open-book and comprises MCQs.
  • Achieve a minimum score of 65% to earn the Certified Islamic Finance Expert (CIFE) and Certified Islamic Banker (CIB) designations.
cife certification
CIFE Certification
Islamic finance certification

CIFE Curriculum!

This course is focused on the Islamic Economic System, and it covers the following areas:

  • Causes of economic problems, origins, principles, and comparisons with other systems.
  • Means of wealth production and distribution.
  • Overview of Shariah prohibited elements, such as Riba, Maysir, Gharar, etc.
  • Principles for Islamic transaction (Fiqh-Ul-Muamlaat).
  • Behavior of firms under the influence of Islamic values.
  • Laws of Shirkah or partnership in business and banking transactions.

This course is focused on Islamic banking and financial products and AAOIFI Shariah Standards for these instruments. The course curriculum includes:

  • Principles and regulations of Islamic banking and finance.
  • Investment vehicle alternatives for individuals, corporations, and governments.
  • In-depth study of Islamic financial contracts, including Murabahah, Musharakah, Diminishing Musharakah, Mudarabah, Ijarah, Salam, and Istisna.
  • Methods for diversifying Islamic financing strategies.

The third course is more focused on Islamic banking operations, and it covers:

  • Islamic financing for imports/exports.
  • Project and working capital financing in IFIs.
  • Types, structures, and features of Sukuk (Islamic bonds)
  • Shariah laws for buying and selling shares.
  • Islamic mutual funds.
  • AAOIFI Shariah rulings for Islamic banking products and financial services.
  • Detailed study and contractual mechanisms of Salam, Istisna, Tawarruq, Muzarat, Kafalah, Hawalah.

The fourth course is purely focused on Shariah compliant account practices in IFIs. It covers the following areas:

  • Laws and principles of accounting for Islamic financial institutions.
  • Financial accounting and reporting practices for Islamic finance.
  • Development and implementation of investment models for IFIs.
  • Detailed examination of AAOIFI accounting standards.
  • Case studies and examples of transactions in Islamic finance contracts and funds.

The last course of CIFE Islamic finance certification covers the theory and practice of Takaful (Islamic insurance). Studies include:

  • Overview of Conventional Insurance VS Takaful Principles.
  • Exploration of Takaful norms and legal frameworks.
  • Draft takaful policies and applications.
  • Types of Takaful: General and Family.
  • Detailed study of different Takaful models.
  • Takaful mechanisms and accounting practices.
  • AAOIFI Shariah standards and Accounting for Takaful and Re-Takaful.

Here you may find the detailed CIFE Curriculum and our 35% Fee Scholarship offer.

Clients and Participants

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Hear from Our Global Learners!

“I greatly benefited from AIMS in obtaining the necessary knowledge and expertise to become an Islamic finance expert. The CIFE certification is efficiently structured, and the Islamic finance study materials are extensive and valuable. I genuinely appreciate the dedication AIMS has put into creating its online lectures and study guides. Each topic was clearly explained, with a wealth of practical information included. I must say that choosing to study Islamic finance with AIMS turned out to be an astute choice on my part.”

Hadeel Abu Loghod, Co-Founder & Co-Chariman, Kuwait

Key Benefits of Our Islamic Finance Qualification

Earning the Islamic finance certification has numerous personal and professional benefits. From a professional standpoint, it will pave the way for greater prospects in the Islamic finance sector and help you climb the corporate ladder. In addition to helping you stand out from other candidates for the job, it will showcase your experience in the industry. On a more individual level, it will help you learn more about Islamic finance and banking, which can improve your whole skill set.

  • Internationally Recognized and Accredited

    CIFE, the world’s best Islamic finance certification, is accredited internationally, AAOIF compliant, and highly regarded by employers worldwide. This recognition ensures that CIFE’s up-to-date curriculum develops the necessary skills to work effectively in IFIs.

  • Higher Job and Salary Prospects

    The program is designed for professionals seeking career growth and willing to secure higher positions. Our CIFE graduates have a track record of presenting higher skills and securing better positions in top-tier organizations.

  • Self-Scheduled Online Learning System

    This Islamic finance qualification offers flexible learning, and students may easily schedule their studies around work and family responsibilities. The CIFE certification curriculum is delivered through interactive and well-designed online lectures, which balance theoretical knowledge and practical experience. And deepen understanding of Islamic banking and finance practices.

Have Question?

    Frequently Asked Questions

    Certified Islamic Finance Expert or CIFE certification is ideally designed for:

    • Finance professionals seeking specialization in Islamic finance.
    • Bankers interested in expanding their expertise in Shariah-compliant finance.
    • Graduates with a background in finance or related fields.
    • Professional working in Accounting and Auditing.
    • Professionals working in Investment, Advisory, and Consultancy.
    • Individuals willing to understand Islamic finance practices.

    Islamic Finance Expert certification may increase earning potential by opening the door to better opportunities. A survey showed the following estimated results:

    Trainee/Credit Analyst$40,000
    Junior Officer$60,000
    Manager$125,000
    Senior Managers$215,000

    Here are the key benefits of choosing AIMS’ CIFE over other Islamic finance qualifications:

    • Recognition from the UK Register of Learning Providers (UKRLP) and accreditation from CPD in the UK.
    • Job orientation, ensuring the curriculum is aligned with industry trends and demands
    • High standards of online lectures and curriculum, accessible globally at students’ convenience.

    Upon completion of the CIFE certification, a multitude of career opportunities open up in the field of Islamic finance. Here are some of the positions that you can potentially secure:

    • Islamic Wealth Manager.
    • Branch Manager.
    • Islamic Finance Advisor.
    • Islamic Banking Officer.
    • Islamic Finance Lecturer/Consultant
    • Sharia Auditor.
    • Shariah Advisor.
    • Islamic Finance Lawyer.

    Islamic finance experts play an important role in the global financial system by guiding the structuring, implementation, and supervision of financial transactions following Shariah principles. The role of Islamic finance experts includes:

    • Advising on Shariah Compliance: They ensure that financial transactions, products, and services are aligned with the Shariah principles.
    • Designing Shariah-Compliant Financial Products: CIFE Islamic finance experts are involved in creating innovative Islamic financial solutions.
    • Risk Management and Mitigation: They manage risks specific to Islamic finance while maintaining Shariah compliance.
    • Shariah Auditing and Oversight: Islamic finance experts conduct regular audits to ensure that financial institutions are aligned to Islamic finance standards.
    • Consulting and Training: Islamic finance experts offer consulting services to businesses, governments, and financial institutions looking to enter or expand the Islamic finance market.
    • Regulatory Support: They contribute to the development of policies and frameworks that facilitate the growth of the Islamic finance industry.

    The importance of Islamic finance experts can be understood from multiple angles, including:

    • Promoting Ethical Financial Practices.
    • Fostering Economic Development.
    • Ensuring Legal and Religious Compliance.
    • Expanding the Global Islamic Finance Market.
    • Sustaining Trust in the Financial System.
    • Mitigating Financial Risks.
    • Supporting Sustainable Investment.
    • Bridging Cultural and Regulatory Gaps.

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