Master Diploma in Islamic Finance (MDIF)

Islamic finance is one of the world’s fastest-growing industries, with more than 1,000 Islamic financial institutions (IFIs) operating across Muslim and non-Muslim countries. Every year, IFIs demand over 20,000 skilled professionals with expertise in Islamic finance applications. AIMS’ internationally accredited Master Diploma in Islamic Finance (MDIF) is carefully designed to meet this growing market need. Our postgraduate diploma in Islamic banking and finance is job-oriented, globally recognized, AAOIFI Shariah-compliant, 100% online, and ideal for professionals seeking higher career prospects.

Developed by leading scholars and practitioners, the program does not require any prior education or experience. This diploma in Islamic banking prepares experienced professionals with an in-depth understanding of Shariah laws, Islamic financial systems, and consultancy practices. Students gain versatile skills for both “Employment” and “Consultancy” roles in the expanding Islamic finance sector.

diploma Islamic banking and finance

MDIF Learning & Skills Objectives!

Through AIMS’ internationally accredited diploma in Islamic banking and finance, you will develop the following skills:

  • Design, Implement, and Manage Islamic Commercial and Investment Banking Products and Services.

  • Apply Financial Engineering, Manage Risk Effectively, and follow AAOIFI Auditing Guidelines for IFIs.

  • Master Islamic Economics, Islamic Microeconomics, and AAOIFI Shariah Rulings.

  • Implement Contractual Mechanisms and AAOIFI Accounting Standards for Islamic Finance Products and Services.

  • Design and Implement Islamic Finance Products through Real-World Project.

  • Develop and Manage General and Family Takaful (Islamic Insurance) Products and Services.

Level-6 Post Graduate Diploma in Islamic Banking and Finance

AIMS is officially registered with the UKRLP and holds international accreditation. The Master Diploma in Islamic Finance (MDIF) has an equivalent worth to the Level-6 Islamic Finance Diploma, and fully complies with AAOIFI Shariah Standards. Our postgraduate diploma in Islamic banking and finance awards 27 credit hours, that can be transferred towards a Master’s and PhD programs in Islamic Finance.

aims ukrlp registration

Registered in UK with UKRLP

aims qahe accreditation

Globally Accredited by QAHE

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CPD Accredited in the UK

A rated highed education

Rated “A” for Academic Excellence

Islamic Finance Diploma: A Quick Review

Study Mode100% Online Education through Self-paced learning.
Estimated Duration4-5 months.
Study ResourcesInteractive online lectures.
Comprehensive study manual for every course.
24/7 Educational support by leading scholars.
Online Islamic Banking and Finance Library.
14 online Assignments for progress monitoring.
Real World Project to excel in practical skills.
BonusCIB and CIFE certifications upon completion of Semester I.
MDIF diploma on completion of Semester II.
Number of CoursesEight courses, divided into two semesters.
Study Requirements10 to 12 hours of study in a week.
Certificates IncludedCertified Islamic Banker (CIB),
Certified Takaful Professional (CTP),
Certified Islamic Finance Expert (CIFE), and,
Master Diploma in Islamic Finance (MDIF).

Our Islamic Finance Programs

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How to Earn the Master Diploma in Islamic Finance (MDIF)?

The unique advantage of our online postgraduate diploma in Islamic banking and finance lies in its flexible, career-focused structure. Through our online enrollment form, you gain direct access to high-quality online lectures, detailed study guides, a vast e-library, and expert faculty support. Professionals and students can study for the pg diploma in Islamic from anywhere, at any time, and take the final examination according to their own schedule.

post graduate diploma in islamic banking and finance

MDIF Program Structure

The Master Diploma in Islamic Finance (MDIF) program consists of 8 courses across two levels. Key benefits of this postgraduate diploma in Islamic banking and finance include:

  • After Completing Level 2, students earn the Certified Takaful Professional (CTP) and Master Diploma in Islamic Finance (MDIF).

diploma in Islamic banking

Islamic Finance Diploma Curriculum Overview!

MDIF Semester I comprises 5 courses, and it covers the following areas:

  • Principles and origins of the Islamic economic system.
  • Shariah prohibited elements such as Riba, Maysir, and Gharar.
  • Shariah-compliant transactions (Fiqh-Ul-Muamlaat).
  • Islamic financial instruments including Murabahah, Musharakah, Salam, Istisna, and Ijarah.
  • Shariah-compliant investment and commercial banking systems.
  • Sukuk (Islamic Bonds) and Project Financing products.
  • AAOIFI Shariah and Accounting standards
  • Takaful (Islamic Insurance).

MDIF Semester II comprises three courses that cover advanced areas of Islamic finance and a real-world project. It includes a detailed study of:

  • Islamic Microeconomics.
  • Islamic Economic Planning.
  • Fiscal policy, Islamic monetary policy, and Bait-Ul-Maal.
  • Advanced Islamic financial services and product design.
  • Development of Islamic securities and Sukuk.
  • Risk management in Islamic banking and finance.
  • AAOIFI Shariah standards and accounting standards for IFIs.
  • Conversion from conventional to Islamic bank.
  • A Capstone project that requires students to design and implement a Shariah-compliant Islamic financial product.

Find out more about the detailed MDIF course outline and take advantage of our 35% fee scholarship.

Islamic finance diploma
diploma in islamic finance and banking

Hear from Our Global Learners!

“I earned my Master Diploma in Islamic Finance (MDIF) from AIMS, and it far exceeded my expectations. Throughout my postgraduate diploma in Islamic banking and finance studies, I experienced a truly unique learning approach. AIMS’ training methodology combines both theoretical knowledge and practical applications seamlessly. I appreciated the flexibility to complete my studies at my own pace, which made the learning experience stress-free yet effective.

The assignments provided at the end of each module were particularly valuable in reinforcing key concepts. After completing the first semester, I proudly earned the Certified Islamic Banker (CIB) and Certified Islamic Finance Expert (CIFE) certifications.

I highly recommend this Islamic banking diploma to anyone aiming to build a high-value, rewarding career in finance.”

Dr. Hajer Zarrouk Ouafi, Lecturer, Emirates College of Technology, UAE.

“My experience with AIMS’ diploma in Islamic banking and finance has been truly exceptional. The course materials are comprehensive, well-organized, and cover all essential topics in depth. I was particularly impressed by the wealth of additional resources—such as presentations, articles, and books—that allowed me to explore each area of study far beyond the core curriculum.

Enrolling in the Islamic finance diploma program has greatly exceeded my expectations. The program not only provided a strong theoretical foundation but also delivered practical insights that I can confidently apply in real-world financial environments. Communication with AIMS has been outstanding. The team is always responsive, professional, and genuinely dedicated to supporting students throughout their learning journey.

AIMS clearly prioritizes academic excellence and student success at every step.”

Małgorzata Berłowska, Product Manager, Digital Bank, Saudi Arabia

“AIMS has truly transformed my career with its diploma in Islamic banking and finance. The flexible program structure allowed me to balance work and study seamlessly. The comprehensive resources and expert faculty support were instrumental in my success.

After graduating, I feel confident in my knowledge and skills, fully prepared to advance in the Islamic finance industry. I highly recommend AIMS to anyone seeking a thorough, practical, and convenient learning experience.”

Aisha Khan, USA

Clients and Participants

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    Key Benefits of AIMS’ Islamic Finance Diploma

    • Globally Recognized Qualification

      The postgraduate diploma in Islamic banking and finance from the AIMS Institute for Islamic Banking and Finance has enjoyed an outstanding reputation since 2008. Our graduates hold leading roles in Islamic banks, Takaful companies, and other Islamic financial institutions worldwide.

    • Leads to Higher Education

      After successfully finishing Semester I, students earn the prestigious Certified Islamic Banker (CIB) and Certified Islamic Finance Expert (CIFE) certifications. Upon completing Semester II, they are awarded the Certified Takaful Professional (CTP) certification and the Master Diploma in Islamic Finance (MDIF). Graduae with a post graduate diploma in Islamic banking and finance are eligible to transfer 27 credits towards a Master’s degree in Islamic Finance.

    • Develop Real World Expertise

      Students enrolled in our diploma in Islamic finance and banking must complete a hands-on project to strengthen their real-world skills. The practical Islamic finance project enables them to understand the design and implementation of Islamic banking products and services.

    • MDIF Salary Outlook

      Here’s a closer look at the attractive salary prospects after completing a post graduate diploma in Islamic banking and finance:

        Mid-Level Manager Salary
      		$110,000 – $160,000
        Senior Manager/Director Salary
      		$180,000 – $300,000

    Frequently Asked Questions

    This diploma in Islamic banking and finance is ideal for a wide range of individuals aiming to specialize in Shariah-compliant finance. Whether you’re already part of the financial services industry or looking to enter it, the MDIF diploma equips you with practical skills and internationally respected credentials.

    The program is particularly suitable for:

    • Bankers & Investment Professionals – Looking to specialize in Islamic products and services
    • Insurance & Takaful Experts – Expanding into Shariah-compliant risk management
    • Finance Regulators & Legal Advisors – Needing a deep understanding of AAOIFI and Shariah standards
    • Asset Managers & Financial Consultants – Enhancing service offerings with ethical finance expertise
    • Academicians & Researchers – Pursuing advanced study or teaching in Islamic economics
    • Graduates & Job Seekers – Building a high-demand career in Islamic finance
    • Entrepreneurs & Business Owners – Launching or growing ventures aligned with Islamic financial principles

    Graduates of AIMS’ postgraduate diploma in Islamic banking and finance are well-positioned for diverse and rewarding roles in the global Islamic finance industry. Some of the prominent career paths include:

    • Product Development Manager in Islamic banks
    • Director of Islamic Investment Consulting
    • Shariah Advisor (for those with an Islamic Studies or Shariah background)
    • Islamic Financial Analyst
    • Islamic Financial Advisor or Financial Manager at Islamic financial institutions
    • Senior Manager or Analyst at Islamic banks or Takaful companies
    • Legal Counsel for Islamic financial institutions (for those with a law degree)
    • Lecturer or Professor in Islamic finance at academic institutions
    • Islamic Finance Consultant for conventional banks entering the Shariah-compliant market

    The Master Diploma in Islamic Finance (MDIF) not only broadens career horizons but also enhances credibility and opens doors to strategic and leadership roles within the Islamic finance sector.

    Yes, we are offering a 35% fee scholarship in addition to our already subsidized fees, making quality education more accessible. This scholarship is part of our commitment to providing an affordable path for individuals aiming to enhance their careers in Islamic finance.

    The duration of the diploma depends on the time and effort you dedicate to your studies. On average, students complete the program in 6 to 7 months. Since the course is flexible, you can progress at your own pace, allowing you to balance your education with work or other commitments.

    AIMS’ Master Diploma in Islamic Finance (MDIF) offers several distinctive features that make it a top choice for students pursuing a career in Islamic banking and finance:

    • Globally accredited: MDIF is internationally recognized, ensuring your qualification holds value across borders.
    • Flexible learning: Study at your own pace, from anywhere, without compromising on quality or depth of knowledge.
    • Career growth: Our program is designed to help you climb the career ladder in the Islamic finance industry.
    • Increased earning potential: The diploma opens doors to higher-paying roles in the expanding field of Islamic finance.
    • Additional certifications: Students earn the Certified Islamic Banker (CIB) and Certified Islamic Finance Expert (CIFE) certifications during the course, boosting your qualifications.
    • Credit transfer opportunities: Upon completion, you can transfer 27 credits towards an MBA or PhD in Islamic Finance, furthering your academic and professional journey.

    These features make the diploma in Islamic banking and finance one of the best choices for anyone looking to excel in Islamic finance.

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