Master Diploma in Islamic Finance (MDIF):

Islamic finance is among the fastest-growing markets, and over 700 Islamic financial institutions are operating in both Muslim and non-Muslim countries. AIMS’ post graduate diploma in Islamic banking and finance is an advanced level qualification, which produces highly skilled professionals, who can fulfill the market demands. Our Master Diploma in Islamic Finance (MDIF) does not assume a previous understanding of Islamic finance or banking, and leading scholars and well-known practitioners of Islamic finance design it. It is made to produce skilled experts, who fully know Shariah rulings and laws. The Islamic banking diploma provides a range of skills to students that will be of great value for “Employment” or “Consultancy”.

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Level-6 Post Graduate Diploma in Islamic Finance

AIMS is officially registered with the UKRLP and holds accreditation from CPD in the United Kingdom. The Master Diploma in Islamic Finance (MDIF) has equivalent worth to a Level-6 Diploma (Graduate Diploma), with more than 50 credits. MDIF follows the regulations set by Ofqual for the Regulated Qualifications Framework (RQF) as well as the Shariah Standards by AAOIFI. Furthermore, the postgraduate diploma in Islamic banking and finance plays a crucial role in the pursuit of a Master’s Degree.

MDIF Includes In-depth Study of !

  • Islamic Economics, Islamic Microeconomics, and Islamic Macroeconomics.

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

  • Financial Engineering, Risk Management and Auditing Guidelines for IFIs.

  • Mechanism, Rulings, Accounting and AAOIFI Standards for Islamic Financial Instruments.

  • Development and Management of Islamic General & Family Takaful Services.

  • REAL WORLD PROJECT: Design and Implement an Islamic Financial Product for an IFI.

Islamic Finance Diploma: A Quick Review

Study Mode 100% Online Education through Self paced learning.
Estimated Duration 4-5 months.
Registration Validity 14 months.
Study Resources Interactive 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.
Number of Courses Eight courses, divided into two semesters.
Study Requirements 10 to 12 hours of study in a week.
Certificates Included Certified Islamic Banker (CIB),
Certified Takaful Professional (CTP),
Certified Islamic Finance Expert (CIFE) and,
Master Diploma in Islamic Finance (MDIF)

How to Achieve the Islamic Banking Diploma?

The unique advantage of our postgraduate diploma in Islamic banking and finance lies in its flexible structure. Our program offers a flexible structure, allowing students to register at any time through a convenient online Enrollment Form. Upon registration, you will gain instant access to a wealth of academic resources, including top-tier online Lectures, comprehensive study guides, an extensive library, and expert online faculty support. At the conclusion of the program, students must sit for an examination.

post graduate diploma in islamic banking and finance

Our Premium Study Resources

Our curriculum incorporates online interactive lectures boasting high-quality content meticulously crafted by experts in Islamic finance. With a strong emphasis on real-world application, each topic is elucidated using case studies and practical examples.

Our online library is teeming with academic resources, such as videos, presentations, books, and journals on Islamic finance. Students pursuing the Islamic banking diploma will find these materials invaluable in augmenting their learning and research, enabling them to gain a well-rounded understanding of Sharia-compliant financial practices.

To enhance your understanding of Islamic banking and finance, you’re required to complete a total of 14 multiple-choice question (MCQ) type assignments (2 assignments per course).

Our comprehensive study manuals, designed by our esteemed Islamic finance faculty, cover every facet of the Islamic banking and finance industry with thorough explanations.

Our team of professionals, including seasoned experts in Islamic finance and esteemed Shariah scholars, are always on hand to offer their support online, enriching our diploma program in Islamic Banking and Finance.

To further cement their comprehension in real-world applications, students undertaking a postgraduate diploma in Islamic banking and finance are tasked with executing a project grounded in practical experiences. This aspect of their education allows them to solidify their grasp on the intricacies involved in creating and developing Islamic financial and banking services.

MDIF Program Structure

During the program, students study 8 courses over two levels. Here are the additional benefits of MDIF:

  • Upon Completion of Level-1 students are awarded with the Certified Islamic Banker (CIB) and Certified Islamic Finance Expert (CIFE) certifications.

  • Upon Completion of Level-2 students earn the Certified Takaful Professional (CTP) and Master Diploma in Islamic Finance (MDIF).

  • 50+ Credits of the MDIF program may be transferred to the online MBA in Islamic Banking and Finance degree program.

diploma in Islamic banking

Our Student Say!

“I earned my MDIF from AIMS, which far exceeded my expectations. During my post graduate diploma in Islamic banking and finance studies, I experienced a unique way of learning. The training approach of AIMS is both theoretical and practical. One can easily complete the studies at their own pace. The assignments given at the end of each module are very helpful to implant the main knowledge. I was awarded by CIFE (which comprises 5 Islamic finance courses online) when I completed the first semester. I highly recommend this Islamic banking diploma to anyone, who wants to secure a high-value career in the finance profession.”

Dr. Hajer Zarrouk Ouafi, Lecturer

Emirates College of Technology, UAE.

diploma in Islamic finance
Islamic banking diploma

Have Question?

    Unlock Your Success: Key Features of MDIF

    • Convenient for Working Professionals

      The AIMS learning platform caters to the needs of busy working professionals. Our online platform allows you to study and complete the program at your convenience, ensuring maximum flexibility in your learning journey to earn the diploma in Islamic banking.

    • MDIF Salary Outlook

      A recent survey revealed an astounding 95% of Islamic finance professionals experienced salary increases after completing their qualifications. Now, let’s take a closer look at the enticing salary prospects after the diploma in Islamic finance that await our esteemed graduates:

      Associate Salary $75,000 – $120,000
      Mid-Level Manager Salary $110,000 – $160,000
      Senior Manager/Director Salary $180,000 – $300,000
    • Discovering the Hidden Advantages

      • Industry recognition: AIMS is a recognized institute for Islamic finance qualifications, which can add credibility to your credentials and enhance your employability.
      • Comprehensive curriculum: The program covers a wide range of topics in Islamic banking and finance, providing students with a thorough understanding of the principles and practices in this field.
      • Networking opportunities: Through online forums and discussion boards, students can connect with fellow professionals from different parts of the world, creating a diverse network that can be beneficial for future career opportunities.
      • Cost-effective: Pursuing a post graduate diploma in Islamic banking and finance through an online program can be more cost-effective compared to traditional on-campus programs.
      • Personal and professional development: The knowledge and skills gained through this program can not only help advance your career in the Islamic finance and banking industry but also deepen your understanding of Islamic finance principles and practices, allowing you to make informed financial decisions for yourself and others.
    • Globally Recognized Qualification

      The post graduate diploma in Islamic finance and banking at AIMS’ international centre for Islamic finance has had an outstanding reputation since 2008. Our graduates have landed prestigious roles in banks, insurance companies, and other financial organizations around the globe.

    • Leads to Higher Education

      After successfully finishing Semester I, students earn the distinctions of Certified Islamic Banker (CIB) and Certified Islamic Finance Expert (CIFE). The completion of Semester II brings with it the Certified Takaful Professional (CTP) certification and the crowning achievement, the Master Diploma in Islamic Finance (MDIF). Those holding the postgraduate diploma in Islamic banking and finance are eligible to transfer more than 50 credits toward an accredited online MBA degree in Islamic finance. In certain scenarios, possessing an MDIF qualification is a mandatory prerequisite for enrollment in Part-Time or Full-Time Islamic finance Ph.D. programs.

    • Who Should Attend?

      • Bankers and Insurance Professionals: Individuals working in conventional banking and finance sectors who wish to broaden their understanding of Islamic banking principles and practices.
      • Regulators and Legal Advisors: Those in regulatory bodies and legal firms dealing with Islamic finance matters who require in-depth knowledge of Shariah-compliant financial transactions.
      • Investment and Asset Managers: Professionals managing investments and assets who need to understand the unique aspects of Islamic finance, such as Sukuk structures and Takaful principles.
      • Academicians and Researchers: Those involved in academic research or teaching in finance and economics who wish to delve deeper into the field of Islamic finance.
      • Graduates and Job Seekers: Recent graduates intending to start their career in Islamic finance, or those who wish to switch their career trajectory towards this growing field.
      • Consultants and Entrepreneurs: Business owners who want to integrate Islamic finance principles into their operations for ethical and inclusive financial practices.

    Why Should You Get a Post Graduate Diploma in Islamic Banking and Finance?

    In an increasingly globalized economy, a postgraduate diploma in Islamic finance and banking sets you apart by providing specialized knowledge and skills. This sector is witnessing substantial growth, and financial institutions worldwide are seeking professionals well-versed in Islamic financial principles. With an Islamic banking diploma, you position yourself to take advantage of these opportunities, serving a rapidly expanding market segment while fulfilling essential ethical and social responsibilities. Moreover, it’s a gateway to diverse career paths, ranging from an Islamic economics and finance specialist to a Shariah compliance officer or wealth manager. A postgraduate diploma in Islamic banking and finance (PGDIBF) reveals your commitment to deepening your understanding of this niche field, potentially opening doors to leadership and advisory roles.

    diploma in Islamic banking and finance

    How Does the Advanced Diploma in Islamic Finance Benefit Career Growth?

    AIMS diploma in Islamic banking and finance opens up a multitude of opportunities in the rapidly growing global Islamic finance industry.

    • You can position yourself as an expert in Shariah-compliant financial practices, making you an asset to organizations seeking to grow and diversify their services in line with Islamic principles.
    • The Islamic banking diploma can lead to leadership roles within these institutions, including but not limited to, becoming a Shariah compliance officer or an Islamic banking specialist.
    • The global recognition of this qualification means that it can open doors to international career opportunities.
    • You can leverage the skills and knowledge gained to make a meaningful impact in organizations, contributing to strategic decision-making and guiding the implementation of Shariah-compliant financial products and services.
    • The Islamic banking diploma can significantly accelerate career progression, enhance professional credibility, and provide a competitive edge in the global job market.

    What are the Career Opportunities Available After the Islamic Banking Diploma?

    After completing the postgraduate diploma in Islamic finance and banking, there are many job opportunities available in the field of Islamic banking and finance industry:

    • You can work in Islamic banks as a Product Development Manager or a Director of Investment Consulting.
    • Individuals who are Shariah-educated and specialized may serve as Shariah Advisors.
    • You can become an Islamic financial analyst, financial advisor, or financial manager at an IFI.
    • You can join an Islamic Bank or an Islamic Insurance Company as an analyst or a risk manager.
    • Those who possess a Law degree with knowledge of Islamic finance can serve as an Islamic financial institution’s legal counsel.
    • You may become a lecturer or professor of Islamic banking and finance at a university or college.
    • You can become an advisor to a conventional banking organization, that wants to provide Islamic financial services.
    • You can also work as a risk analyst, credit analyst, or debt manager for the Islamic finance industry.